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Penny Auctions 

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:  53
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/ ==== ==== Penny auctions are becoming increasingly popular and going mainstream. The trend really took wings in the last half year or so owing to the tremendous success of some established sites like Quibids (which recently completed a million auctions, which is quite an achievement). You can see their advertisements on many sites when you browse the internet. So what is the truth behind these sites? Penny auctions use a type of bidding which is called bidding-fee auctions. What this means is that unlike traditional auctions, in penny auctions the bidding is not free. For every bid that you place, you need to pay the auctioneer a fixed amount of money. This is the reason why these auctions are able to give away products at such huge discounts. The main source of revenue for a bidding fee type of auction is through the bidding fee and not the product cost. This is quite unlike a traditional auction in which bidding is completely free and the auctioneer's only source of revenue is through the cost of the item sold. This is why it is important to get used to this type of an auction model before you can start bidding. So it is true that the items can be sold at huge discounts of up to 90% but the main cost incurred by the bidders is from the bids that they place. A large item can attract thousands of bids. Each bid typically costs anywhere from $0.50 to $1.00. As you can see, if winning the auction requires placing many bids, then the overall discount that you can get is significantly reduced because you need to spend a lot of money on purchasing the bids. Worse, if you fail to win the auction in the end, you will end up losing money used for the bids and not even have the product. This is why penny auctions can be a high-risk high-return type of online shopping. You can get huge discounts but can also lose money. This is why you should understand the bidding process and the business model thoroughly before you start investing money. So how do you solve the problem of potential losses in penny auctions? One easy way is to look for those penny auctions that have less competition. In any auction, your chances of winning depend on your competitors. However, this is especially so in case of penny auctions and the more the number of bidders competing with you, the higher the price of the item (and thus the bids) and the lower your chances of winning the item. This is why, penny auctions with less competition should be preferred. Established sites like Quibids, Beezid and Swoopoo can be very crowded because everyone knows about them. Therefore, it helps to look for new penny auction sites that are new. In most cases, you will also get free bids, so you can end up winning smaller items without any initial investment from your side. This is a huge bonus that you get from the new penny auction sites.
Slide 2: About this Author So which new penny auction sites are the best? I suggest you check out OMGiWON which gives you 12 free bids on using the coupon code "wow" after registering. There is very little competition currently and you can win a $25 gift card using your free bids! 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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