Penny,Auction,Sites,Are,The,Ne entertainment Penny Auction Sites Are The New Craze Online


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Deals,deals and more deals, that's the new craze online today and it's allbecause of penny auction sites. It's not just online auctions, butpenny auctions that are driving people crazy. Why the big stir? People are being attracted to the auctions in the hopes of grabbingdeals on name brand products. What type of products are available? Everything you can think of, but the really big attractions are forproducts such as TV's, stereos, cell phones, computers, lap tops,notebooks, movies, and so much more. So,what exactly are penny auction sites and how do they operate?Tobe honest, some online auction sites run through a lengthy processonce you sign up. But, the normal procedure after you sign up andregister an account is to buy your bids or in some cases, credits. Most people are not familiar with this type of auction andimmediately make the assumption that something is wrong. However,what they do not understand is that penny auction sites are generallyknown as pay-to-bid sites.Youare paying in advance to place your bids on merchandise. Most peoplewho join penny auctions are more accustomed to the bidding process onebay. However, the penny auctions are based more on regularauctions, ebay auctions rely on a set time to end. To enter thebidding process all you have to do is buy your bids in what isusually referred to as pools, while other sites simply refer to themas credits.Buyingyour bids in advance can cost you anywhere from $0.30 per bid on upto $1.00. After you purchase the number of bids that you want, youcan than enter any auction that is on site for products that youlike. Also, with a penny auction, every time a bid is made time isalso added back to the timer. Somepeople will tell you that it takes some successful strategies inorder to win a bid, others will tell you that it's just plain luck! One thing is for sure and something that you should always keep inmind, when it comes to penny auctions, have a little patience! Thebest advice is to do some research on the items that you'reinterested in bidding on. Find out what those items previously wentfor, on what day and the time it sold.Anotherpowerful tip is to simply spend some time watching the auctions. Seehow people are bidding and take note of the time and day of the week. Often, the chance of winning a bid can be attributed to theparticular day of the week and also the time of day. But, theimportant thing is that you don't rush in and start bidding. Takeyour time, do some research and get to know the auction site. Lookfor any pages on the penny auction site that offers advice or tips onhow to place your bids. You should also check out the FAQ page ofthe site, as this will give further information into the basicbidding process. The key though, is to make decisions based on theresearch that you've done. Don't try to make your bidding decisionsbased entirely on a gut feeling. This type of approach can end upcosting you more money in the long run. That brings me to anotherpiece of advice that will help make penny auctions more enjoyable foryou. Make a budget for yourself before you go off and start bidding. Article Tags: Penny Auction Sites, Penny Auction, Auction Sites, Craze Online, Penny Auctions, Bidding Process

Penny,Auction,Sites,Are,The,Ne

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