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Free Bid Giveaway
I must be going CRAZY. I'm giving away up to 500 FREE bids to play in my penny auction site
500 Bids is worth $300.00!!! I am going Crazy!!!! Sign up for Free today, and
I'll load your account with Bids!
http://cdglobal4860.zeekler.com/splash/

http://www.zeekler.com/splash/Index.asp?UserName=cdglobal4860&XCX=1

 

 
 
Tags:  penny  auctions 
Views:  60
Published:  February 12, 2012
 
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Slide 1: ==== ==== Free Bid Giveaway, I must be going CRAZY. I'm giving away up to 500 FREE bids to play in my penny auction site, Sign up for Free today, and and I will load your account with bids CLICK HERE http://cdglobal4860.zeekler.com/splash/ ==== ==== What's the truth about penny auctions? It is very common to see the advertisements for these sites all over the internet. However, what is not clear from these advertisements is how these sites function. It is not hard to guess that no one will ever sell brand new products at 90% off retail. So what's the catch with penny auctions? Well, the idea is simple - these sites employ a pay per bid model. In this auction model, the bidding process itself is not free. Thus the auctioneer will make money not only through the final selling price of the item sold but also through the bids. In almost every online penny auction, the money made through the bidding process far exceeds the cost price of the item and is the main source of revenue. This is how the business can sustain. Sites like Quibids have had over a million completed auctions, which is a huge number. The only way they can remain profitable is by charging $.60 for every single bid placed on the site. Once you understand the business model of pay per bid auctions, you can see why they are not scams. Bidders who win the products will be shipped the items (except in some cases run by unethical people. Always check for online reviews of penny auctions before joining and investing money) which are brand new. However, if you don't end up on the winning side of the auction, you will still need to pay for the bids that you placed. Thus, unlike traditional auctions like eBay, you can not only fail to win the item that you want but also end up losing money in the process. This is the risk associated with penny auctions and also the catch that is not very explicit on the online advertisements that you see. That being said, it still holds that you do have a chance to in products at such dirt-cheap rates. You are not guaranteed a 90% discounts, but many products do end up being heavily discounted. So when you bid on these auctions, you should do two things simultaneously - cut your risk and increase your winning chances, unlike say at eBay where you don't worry about the risk: if you fail to win an item at eBay, you don't lose money. These can be opposing forces but to win you will need to strike a fine balance. Apart from the balance, it is extremely important that you follow the right penny auction strategies. You should understand that these 'entertainment auctions' are not gambling in that they are not completely a matter of chance alone. They need to be looked from the lens of cooperative and competitive multi-player games. Game theory is highly complicated in this scenario because of the number of bidders involved and also their motivations. Some bidders continue to cut losses while others still seek their profits. It is therefore extremely essential that you don't bid randomly, which will usually get you nowhere. The right way to approach these is by understanding penny auction strategies that will greatly increase your winning chances.
Slide 2: About this Author To know about the best penny auction strategies, read my Penny Auction Strategies Blog. You might also be interested in Free Quibids Bids that are a great way to start off your penny auction journey at the largest penny auction site operating in the US. Article Source: http://EzineArticles.com/?expert=Sid_Kal ==== ==== Free Bid Giveaway, I must be going CRAZY. I'm giving away up to 500 FREE bids to play in my penny auction site, Sign up for Free today, and and I will load your account with bids CLICK HERE http://cdglobal4860.zeekler.com/splash/ ==== ====

   
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