Penny Auctions approaches and tricks from people
Searching the net yow will discover a variety of penny auction tips and ticks from users and pros to be able to win or possess a greater possibility of winning with penny auctions. Penny Auctions have been available for awhile now and there happen to be many successes and also many let downs, so on this page we are going to check out among the better tricks and tips we found to assist you to win big and steer clear of the let downs.
-Pick something you wish to buy
This is not a must, I have played lots of things which I didn’t want to buy but this really helps out if you do have something planned you desire to buy. Instead of just browsing on the internet and buying it, why not try and win it first? With penny auctions, most of them you can attempt and win the item and if you don’t you can place the money you utilized in the auction into the item. So if your item is $300 and you already put in $100, you could get it for $200. Some of the reverse auctions have really good prices for the buy it now; they buy them wholesale and pass the savings to you.
-Bid the final 10 seconds
This one is big, I know of way too many people bidding when it is counting down and it’s still really high. Some people bid with 20 to thirty seconds left, which just wastes bids. The best practice should be to hold off until it’s less than 10 seconds, I like to wait until there’s two seconds left and bid. That’s when I had the very best success of winning. Many people still don’t utilize this trick and simply bid away with no strategy.
-Date and Time
Many people play in the afternoon and night, so playing in the morning will give you a benefit and a higher potential for winning. It isn’t a necessity; you can still win plenty in the afternoon and night. Actually after 11pm is good because I noticed more intoxicated players just betting consistently in the beginning and then slowing down and if you have patients this plan of action works.
-Set an established limit
Choose each item the amount you wish to spend, this is effectiveif you’re really interested maybe you wish to spend the majority of bids on it. Or maybe your not too interested and only want to spend a tiny fraction. This keeps your priorities organized and you will be much happier with the winnings if it’s something you really wanted.
-Watch the amount of bidders
Most penny auction sites will reveal who the most recent bidders are or the number of are bidding. This is a great one as you can easily see the number of bidders at any given time there are so when this starts to slow, this is the time you jump in! If the bids are flying like crazy then this is probably a bad time to bid as there is so much competition. So this tip is huge, if you’re able to hold back until it slows down some, your odds will increase a lot and helps you win more items.
-Don’t bid with lack of time
Don’t sit down at the computer and start to bid when you just have ten minutes to bid, don’t expect an instant win. It does happen many of the great wins and best products happen after awhile. So focus on a product you want, analyze what’s going on and be patient. This will really help you in the long run.
-Start out small
Yes everyone wants that big screen TV win, but I would advise starting small. That is how I got my first win; I won a $50 gift card for outback restaurant. It was the first thing I bided on and was really small compared to everything else, but it was a win that helped me with my own personal strategy.
These are some good reverse auction guidelines which will help you with your odds and entertain you at the same time. If you use these tips your odds will dramatically improve on winning some great products for cheap.
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Author: ericmannThis author has published 2 articles so far. More info about the author is coming soon.