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Penny Auction Practices - How To Win
Bidding is not free. Anyone who wishes to bid on an item must purchase a package of bids. Bids can be found in packages of anywhere from 10 to 100 bids, and they cost over fifty cents per bid. Sites usually auction off bid packages as well, so it's possible to get additional bid packs at a reduced rate. The auctions don't end at a fixed time, but end some ten seconds after the last bid. Every bid put in the final sixty seconds of the auction extends the duration of the auction, generally by about 10 seconds. This means that an auction that appears near its conclusion may really continue all day if individuals are bidding. This unusual method of selling makes it different from eBay, where the greatest bid, irrespective of when it is placed, wins the auction. For this reason, penny auction strategies vary from those used in traditional internet auctions. While there is some benefit in putting in a bid late on an eBay auction, for example, there are plenty of auctions where people win by putting in a bid early. Ultimately, with eBay, the one thing that matters is that you simply offer the most money. The possible lack of a defined ending time makes such strategies useless on penny auction sites. Penny auction tactics are few, but the primary one is this - you must never, EVER, put in a bid with more than a minute to go in the auction. The closer you are to the end of the auction when you bid, the more likely you are to win. Putting in a bid early will not assist you at all, as most of the bidding in penny auctions will occur during the final minute. You also may benefit from using the built-in proxy bidding "bot" that nearly all penny auction sites offer. The computerized bidding system is something that you can set up ahead of time and you know that your bids will be placed at the suitable time. If you attempt to bid manually, your bids are going to be put into a queue and they will normally be placed after the automated system's bids. Because of this and delays in both the Internet and the auction system, you may find that last-second bids placed manually do not get placed at all. When that occurs, you lose. Penny auction tactics are few; your best bet is to simply wait as long as possible to bid, preferably with ten seconds remaining or less. You might catch the other bidders napping and get away with a last-second deal. Bidding early, however, simply means that you are throwing your hard earned cash as well as your bids away and you don't wish that. Article Directory: http://www.articledashboard.com Perry Monkhouse is an Internet marketer with a decade of experience. He has written articles on a wide variety of subjects. Click here for penny auction bids Click here for more information about penny auction bids |
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