This Article is About
countdown timer
minor variations
auction sites
best bet
fundamental concept
background check
sidelines
user friendliness
Proliferation Of The Online Penny Auctions
Join 1000's of Authors at StreetArticles Today!

Hunting for a bargain on daily conveniences and assorted items? Then your best bet would be penny auctions, besides groupons of course! From the name itself you can deduce what this is all about. Assuming you’ve not come across this offering before, it is an improvisation of the traditional auctions, only now that this it is undertaken online on penny auction sites. You sign up for the offer, purchase some units of credit assuming it is a paid offer to participate. These are then used to place bids within a given time frame until a unique bid is acquired when the bid cycle lapses. Interesting isn’t it?

Many penny auctions sites have come up offering similar capabilities with minor variations but the fundamental concept remains the same, bidding a penny at a time. The popularity of these sites have also led to mushrooming of penny auctions scams, fraudsters are never too far behind! My advice would be to do a bit of background check to determine creditability so as not to end up disappointed after not getting your money’s worth.

If you did surfing online you will definitely come across many penny auctions reviews with comparisons, trends etc. I would advice that you do so, when you sign up watch from the sidelines as an auction takes place and when comfortable enough then plunge right in! Additionally you will find many tips, tricks and tactics on how to go about it. Example, check number of participants bidding before you start throwing your bid credits aimlessly and the bidding is just starting. Nonetheless there’s no guarantee that you’ll eventually win the item on offer but at least you get to increase your odds.

To facilitate user friendliness and for fair play most of these penny auction sites have similar features. Firstly a bid log to show how the bidding cycle progresses with highest bid and the respective user for each cycle, the current top bid, current top bid user, countdown timer of course to monitor each cycle just to mention but a few. You’ll need a dedicated internet connection to keep tabs with all the auto-refreshes for the period of the bidding. Dial up then would not be your best bet (read this somewhere).

Penny auctions is a great way to acquire common items for a song, most items will most of the time if not always be won at less than a tenth of the retail price! At least the ones I’ve seen in action. Now I’m sure you’d agree that’s something worth looking forward to.  The site that I deal in hold an average four different new penny auctions daily with vast variety in items, both new and used.

Probably the best penny auctions offerings out there would also chip in some kind of consolation price for the non-winners from a just completed auction, haven’t sampled most of the online penny auctions out there but for the one I signed up for, they give members some reward points. These can then be used to redeem some great products from their stores.


Street Talk

No comments present
You May Also Like
What is a Penny Auction?
Do you think you know? I thought I did. But then I discovered that penny auctions come in many different forms. We will look briefly at some of the different forms penny auctions take in this article and then zoom in for a closer look at the most basic and…
By: Stilromn in  Internet and Businesses Online  >  Auctions   Jan 22, 2012  
0
  Likes: 0

How To Make Your Blog Website And Profit From It
This article is going to teach you two very vital skills of the twenty-first century. The two skills are how to make a blog (a one page website) easily and how to derive some profits from your effort. The need to combine these two lessons in one write-up stems from…
By: David 2 in  Internet and Businesses Online  >  Blogging   Jul 30, 2012  
2
  Likes: 1

Fishing Tournaments: Reeling in the Big Haul for Big Bucks
Fishing can be a hobby. It can be a means of providing food for a hungry family. It can be considered a competitive sport and as such can net the successful fisherman big cash prizes, bragging rights and the pride of a well-spent day. If you sit at your desk…
By: Michael Bristol in  Recreation and Sports   Dec 07, 2010  
0
  Likes: 0

Playing Penny Auctions Smart
This article will cover some of the basics for playing penny auctions smart. Why is this important? Because if you don’t have a plan, penny auctions can soak up a lot of your time and money with little reward to compensate for the cost. Are you gaining financially at penny…
By: Stilromn in  Internet and Businesses Online  >  Auctions   Jan 13, 2012  
0
  Likes: 1

Products to sell online
There are plenty of products that you can sell online if you have them and there are also ways to sell products online that you do not own or do not currently have and still earn a commission when you sell something. In this article, I will talk about some…
By: Anthony Muzonzini in  Internet and Businesses Online  >  Ecommerce   Aug 16, 2011  
0
  Likes: 0

Sequence Bras
Are you looking to purchase sequence bras online? There are many places where you can begin your search. Auction sites like eBay might have a lot of options. Amazon would also be a great place to start. If you are looking for a sequence bra that works with your belly…
By: Lark Begin in  Recreation and Sports  >  Dancing   Feb 07, 2013  
0
  Likes: 1

Websites where you can sell items
With the downturns in the economy recently, many people are now looking to sell off some of the things they own just to stay afloat and stop living from paycheck to paycheck. Selling items online is something that has brought great reward for those who have persisted in the field…
  Likes: 0

Farm And Heavy Equipment Auctions - A New Bidders Guide
When looking for used farm equipment or other heavy equipment, sometimes the local trade publications just don't cut it. Equipment stores and rental shops are usually slim in selection for the used equipment they sell and the price and or history of the equipment can be questionable. It's never fun…
By: Trevor S. in  Automotive   Dec 14, 2011  
0
  Likes: 0

Website Ideas That Make Money, Things to Try And Things to Avoid
If you were to type into Google "make money online" you would be presented with literally millions of search results. For any one starting out trying to make an income this way then it is potentially a minefield, so here are just a few ideas that I have picked up…
  Likes: 3

Belly Dancing Apparel
There are may places to buy belly dancing apparel online. Be sure to browse your favorite sites and bookmark your favorite sellers. If you buy one belly dancing related item one day, it probably won't be your last. There are so many neat and unique items up for sale that…
By: Lark Begin in  Arts and Entertainment  >  Performing Arts   Feb 05, 2013  
1
  Likes: 0

Some Tips for Selling Items on the Internet
There are many different techniques one can use to start selling items on the internet. Selling items on the internet is proving to be cost effective for many businesses and is also proving to be very effective for those who want to start their own home businesses. In this article,…
  Likes: 0

Belly Dance Crop Top
Are you looking for a belly dance crop top online? There are many sites you can use to purchase belly dancing apparel. There are auction sites or even local websites that have crop tops and accessories for belly dancing. If you live in an area that doesn't have a lot…
By: Lark Begin in  Recreation and Sports  >  Dancing   Feb 15, 2013  
0
  Likes: 1

Top Selling Apps: Make it Happen
A successful app can make you millionaires overnight… at least for the others. But the great idea which made it happen, takes a long time to appear as reality. We get to see a lot of mobile apps come to life and create their impression. It’s a long journey before…
By: hiwebby in  Internet and Businesses Online  >  Auctions   Apr 06, 2016  
0
  Likes: 1

How to Become An Ebay Seller
Make an extra $300 a week selling on ebay. I don't think I know of anybody that couldn't use an extra $300.00 a week. What about you? Think of the thing you could do with that extra $1200.00 a month? You could start a vacation fund, pay off some high…
By: Bill Basinger in  Internet and Businesses Online  >  Auctions   Nov 19, 2012  
0
  Likes: 0

Finding Inventory To Sell Online
It's Sat morning, you have your coffee, newspaper, mobile phone and a pocket full of money. It is time to head out to the garage sales. If you sell on Amazon, Ebay, Craigslist or any other online selling platform, you know that finding good inexpensive items to resell is the…
By: Bill Basinger in  Internet and Businesses Online  >  Auctions   Nov 18, 2012  
1
  Likes: 0

Article Views: 1594    Report this Article