Top 10 Online Penny Auction Sites
Penny auctions are becoming more popular by the day. The reason for this increased popularity you may be wondering? Because of the incredible deals they offer of course! But one of the most common questions among those who are interested in visiting the penny auction scene where do you go for the best auctions?
Although this seems like a straight forward question, there is a lot more that goes into a "good" auction site than you would think. Here are some things to consider prior to selecting your favorite auction site:
1.) What kind of merchandise are they offering? Are they good quality items or cheap knockoffs? Do they authenticate their designer labels? It is important to look at the merchandise a site offers for auction because ultimately that is what you are there for to get great deals on great merchandise. Sites like www.bidonx.com offer some of the biggest prizes like cars and even homes while sites like www.quibids.com offer a variety of prizes with retail values as low as $10.
2.) You also need to consider how successful other bidders have been. A new feature on many of the leading penny auction sites is a "Testimonial" page that gives the testimonies of other successful bidders and the items they won. This is a good resource for you to check out if you are trying to get acquainted with a new site. For example, www.bidcactus.com has a nice video testimonial program and regularly posts new winner stories.
3.) When are their available bidding hours? If a site is open 24 hours a day there are some advantages to this because you can go on during a less busy time and have less competition bidding against you. It is not a surprise that auction sites reduce the number of auctions based on website traffic. The more members on the site, the more auctions. Keep in mind that your interests are at odds with the auction sites. You are looking for the least amount of competition in each auction, and the auction sites want the most amount of competition. Our number one site listed below, www.bidonx.com is the only site that we have seen that limits competition in each auction so as to maximize bidder value.
4.) What promotions is the site offering? Some sites offer great promotions for not only new bidders, but also successful bidders, and frequent bidders. Be sure to check the promotions out for each site you visit and keep checking as these often change. We observed that most sites, including www.bidrivals.com offer new users 25 free bids when they sign up. But keep checking as promotions do change often.
5.) Be sure to read the "Terms of Agreement" for each site. Not all penny auction sites have the same features. You need to have a clear understanding of how each auction site is operated to ensure that you do not violate any terms and subsequently forfeit the item that you won because of this.
To help to get you started on the road to penny auction success- here is a list of the 10 best online penny auction sites:
Be sure to check out each auction site thoroughly to make sure it is the right fit for you. Penny auctions are a great source of entertainment as well as a wonderful opportunity to save a great deal of money. There are so many different auction sites out there that if you are looking for something specific, you are almost sure to find it. So, if you haven't given penny auctions a try yet, you just might want to check them out. You will certainly have a great time and save some serious cash!