Best Penny Auctions Sites

Introduction to Penny Auctions
Since the emergence of Swoopo in 2005, Penny Auctions have popped up colse to the net at alarming rates. The majority of them ensue the same format. A website advertises they are selling expensive products such as iPods, Macbooks, Hdtvs, etc for up to 99% off retail. At first view this may come across as just another scam. Whatever that seems too good to be true must be...right? Not exactly. Under the right circumstances the Penny Auction company model successfully allows a supplier to furnish high end products for very low prices.

Let's assume a penny auction site such as Ishop4Cheap is offering a 42 inch Vizio high-def television for colse to . This item retails for colse to 0 which means they probably purchased it from a vendor at almost 0. The auction starts at and moves up by 1 cent with each bid. Therefore it takes 2,700 bids for this auction to reach its selling price of . If Ishop4Cheap charges 60 cents per bid that means they earned (2,700 bids X 60 cents each) ,620 on a Tv that cost them 0. Ishop4Cheap makes a large profit and the buyer only spends . Well not exactly. The buyer spends Plus shipping Plus any way many bids they used on the product. So if the buyer went all in and used 300 bids to win this item he or she paid (300 bids X 60 cents each) 0 Plus the sales price Plus shipping. Still a pretty solid deal for an item that retails at 0. Keep in mind though that many other customers placed bids on this auction and came away with nothing. Therefore a clever bidding strategy combined with a puny luck is critical.

Macbook 13

Strategies
Penny auction customers use a wide range of bidding strategies any way I'll bullet some of the more advantageous ones.

* Use Penny Auction sites with low user traffic. High traffic means there are too many bidders going against each other driving the prices up. This drastically decreases your chances of winning.

* Bid while late night/early morning hours when fewer users or online.

* generate manifold user names and buy bids on each account. In my experience, most users like to monitor a stock and only bid when there are just 2 or 3 other users bidding on it. Therefore if you can make it appear as if 3 or 4 more users are curious (by creating manifold accounts) this may cause the others to back away.

* Go all-in on the stock you want. Placing 1 bid here and there is essentially the same as playing the lottery. If an item sells after 8,000 bids and you placed 10 random bids here and there, your odds of winning are officially.0125% or 1 in 800. Pick a range where you think the stock may sell then start a bidding marathon.

* Do not bid at the last second. For one, you risk your bid not registering on sites with slower servers or high user traffic. Secondly, you do not come across as an intimidating or aggressive bidder doing that. No one is going to be scared of you and back away from the auction (which is what we finally want them to do).

Now that we are armed with some bidding strategies lets put them to the test by visiting some of the top penny auction sites. The top 5 list below is based on some attributes such as server speed (is the site fast), sailing (is it easy to find what you are finding for) and products (are the products something worth your investment). any way nothing weighs more heavily than odds of winning. If you have a higher probably of winning products on a safe bet penny auction site then it is going to rank higher. Here is what we have come up with:

Top 5 Penny Auctions Sites

1. Ishop4Cheap.com - This aforementioned penny auction site is relatively new, so it hasn't had a opportunity to become over-saturated with users competitive for items, meaning you have a higher probability to win something. The electronics are all top notch and up to date. The site runs very smooth and has a navigational bar at the top showing where all categories/winners are. The Deal of the Week aspect is a nice touch, and I may personally add that shipping on items is blazing fast. I won two items, both of which were delivered within 3 days.

2. Beezid.com - One of the Penny Auction classics. There are admittedly tons of items to choose from. The layout is foreseen, and sometimes even overwhelming. The overabundance of users may decrease your chances of winning but do not let that take away from this penny auction juggernaut.

3. Quibids.com - With a weighty marketing campaign Quibids has managed to catapult to the top of the penny auction competition rather quickly. Their Buy It Now highlight is the big seller here. Once a user has reached the retail value of the stock in terms of how many bids they used on it, they then have the choice to Buy It Now. This prevents Whatever from spending more than what the stock admittedly costs. However, this can be frustrating for other users who just started bidding on the stock as they never admittedly had a opportunity to win, because that one user exercised the Buy it Now choice and snatched it out from under them.

4. Bidzilla.com - Not much to say here other than this one makes the list strictly based on the fact that it is straightforward to win on Bidzilla. I admittedly won a integrate items cheap. The stock choice is small but who cares if you are winning the good ones.

5. BigDeal.com - BigDeal constantly updates their products so they always have some of the best items available. One of the neat features on here is that customers who placed bids and did not win the item, get a safe bet percentage of bids back for the next time they want to try to win that single auction.

Best Penny Auctions Sites

See Also : Hotel in Thai งานเชียงใหม่ Pattaya Hotels Notebook 13 inch Ipad 2 case