Knowing When to Buy on Penny Auctions

by admin on April 5, 2011

Looking to save money on gifts for yourself and the family? If so, penny auctions may be the place for you to go online. There are a variety of penny auction sites you can choose from, and they all offer great deals on the things you may want to buy for your family. The key to using them is knowing when to buy during the year so that you get the best deals possible. Here are some tips that may help you do just that.


Auction sites have seasons just like any other stores would. You may not realize that, but it is true. Electronics, for instance, tend to sell best right around Christmas and right after tax season. Thus if you want to buy an electronic for your home, you may want to avoid those times in the year so that there is not as much competition out there for you.

If you want to buy something for the holidays, buy it several months in advance. Auction sites get really busy when gift giving times come around, but they slow down in the summer and fall months when people do not have any money. You can save a lot of money just by buying early on.

If you want to find a great selection of items on the best penny action site around, you should look right after a big buying season is over. That will be a time when most places are trying to clear their inventories, and you can save a lot of money down the road this way.

 

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How to Start Using Penny Auction Sites

by admin on March 27, 2011

If you are new to the world of penny auctions, you may want to take some time to learn the ways of the system so you do not lose a lot of money for no reason. Working with these sites is not difficult to do, and you can save a lot of money with them if you know how to properly shop with them. Here is a simple guide for new penny auction visitors so that you may be able to make this system work in your favor early on.


When you first get involved with online auctions, you need to buy the minimal amount of bids you can so that you do not spend money unnecessarily. You just want to test the site out enough to understand how it works. Then you can start formulating a plan of attack for the auctions. The more you know about the penny auction site you are working with, the better off you will be. Explore while you can.

Never bid on an item early on. Wait until right before the bid closes to get involved. That way if there is already a bid war going, you are not participating in it. This is a vital concept to learn because you have to pay per bid you make. You cannot throw those bids out there without a logical plan behind them. Otherwise you are just wasting time and money on the site.

A penny auction site should give you a chance to place automated bids as well. You may look into that to avoid overspending on a product in the heat of the moment. Automated systems have no emotional attachments to products, so when you tell them to stop bidding, they do. You can use this to your advantage to help you exude some self control. If you lose the auction, there will be another one for you to work with in the future.

Try to start this shopping extravaganza at a time of year that is away from the holidays and other major shopping seasons. These are times when the auctions sites are more active, and that may cause you to lose a lot of auctions because of the competition. Why do that when you can buy a month earlier and save a lot of money in the end? Focus on timing when you start this bidding adventure as that will lead to the greatest savings in the end.

You will learn more about the auction sites you go to over time. Once you make a mistake and lose money on one auction, you will never make it again. You may be surprised how easy these sites are to work with, and how much money you can save buying from them. You do not need to worry about waiting in long lines at the store for the latest item to reach the shelves. You may be able to find it with a penny auction site. Check out one you may be interested in right away.

 

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How to Figure Out What to Bid on a Penny Auction Site

March 17, 2011

There are many penny auction sites online that allow you to bid a small amount of money in the hopes of getting a pretty expensive item in the end. The bidding for all items starts at a penny, and then each bid after that can only go up by a penny. You can see how […]

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How New Penny Auctions Work

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If you are looking at a new way to shop online, you may check out the auction sites available to you. Penny auctions in particular are great places to save a lot of money if you know how to buy from them. You can get products as much as 95% off the retail price just […]

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How Penny Auctions Online Can Save You Time

February 28, 2011

If you have been stressing about how you can possibly do your gift shopping this month, you may want to learn about online auction sites that you could buy from. There are many of these to choose from, but penny auctions tend to bring out the best deals in the end. Here is a look […]

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Shopping for the Holidays with Penny Auction Sites

February 21, 2011

No matter what time of year it is, it always feels like the holidays are right around the corner. You have to prepare for these things well in advance if you want to get the best deals and avoid the holiday rush for gifts. You can do all of that shopping through penny auction sites. […]

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Using Automated Bids to Your Advantage on Penny Auction Sites

February 19, 2011

If you are a regular in the penny auction world, you may have experienced the frustration that comes with losing a bid because you did not have the right strategy in place or because you were not around when a product was being sold. It can put a damper on your experiences if you do […]

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Pros and Cons of Penny Auctions Online

February 16, 2011

Penny auctions online can be great places to get good deals, but they can also be money traps if you do not know how to use them properly. There are a lot of pros and cons to this system that you should take into consideration before you start to use a penny auction site. Here […]

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How Do Penny Auction Sites Afford to Sell Things So Cheaply?

February 13, 2011

Penny auctions sites are quickly becoming huge online because they allow people to invest little money in attempts to get a high dollar product. You can cover all of your holiday shopping and more if you understand the right shopping strategies for these sites, but the big question about using them is how they can […]

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How to Avoid Bidding Wars on Penny Auction Sites

February 10, 2011

If you want to get a great deal on a product online, you may look at penny auction sites as your resource. The items sold there are placed up for auction just like they would be on other sites, but the auctions cannot go up more than a penny at a time. The catch here […]

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