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Penny auctions are great for selling inexpensive products on-line. 

A how-to guide to selling products on penny auctions sites.

 

 
 
Tags:  auctions  penny  sales  marketing 
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Published:  February 24, 2012
 
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Penny auctions are great for selling inexpensive products on-line.

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Slide 1: ==== ==== Penny auction can save you money http://558c5qbp3c-c6u3ell1wmsgqdh.hop.clickbank.net/ ==== ==== A penny auction is an exciting way to shop for diamond rings, gift cards, gold coins, and other merchandise at bargain prices. For shoppers that are looking to get the most value for their money, penny auctions provide an opportunity to obtain merchandise with as much as 99% savings off of retail prices. Traditional auction sites provide a fixed time for the end of the auction. This allows a bidder to jump in at the very end and outbid you as time expires. In a penny auction, however, each bidder pays a small fee to place a bid. With each bid, the time of the auction is increased. That way, everyone who wishes to purchase an item has an equal chance of receiving that item. When you win a penny auction, the savings is often significant over the price you would pay for the item anywhere else. Bids generally cost between 25 cents and $1.50 per bid, depending on the auction site you choose. Bid credits are sold in advance, and a bid credit is removed from your account each time you place a bid. To bid on items at a penny auction site, you first must register. This process is usually short and doesn't cost anything. Once you fill out a short registration form, a confirmation email is sent to you. When you receive the confirmation email and click on the link in the email, you are confirmed by the site and can buy and place bids. Most sites also require you to purchase bid credits in advance. This offers you the convenience of being able to browse and bid on items without having to worry about purchasing credits. You select the amount of bid credits and pay. Common payment methods accepted by penny auction sites are credit cards, Paypal, bank transfer, and e-check. Once you have registered and purchased bid credits, you can begin bidding on items and obtaining merchandise at rock bottom prices. Each auction starts with a minimum bid. Some auctions start as low as one cent. Each bid increases the price of the item by a preset amount (again, some as little as one penny). Each bid also increases the time limit for the auction item. The last person to bid when the clock hits zero wins the item. The winning bidder pays the cost of the item, plus the cost of bids (in the form of bid credits which are removed from the bidder's prepaid bid credit balance). Often, the amount the winner pays in bid credits and the final bid are well below retail price for the item. The savings and excitement of a penny auction are the reasons people participate in them again and again. To be successful in penny auctions, you must keep a few things in mind. First, watch auctions for a while to see the bidding patterns of more experienced bidders. Second, start by bidding on inexpensive items. Less competition means a better chance of winning the item. (Some sites, like escabid.com, offer "beginner auctions" that are only open to people that have never won an auction before. This gives beginners experience with less competition. It allows you to get the
Slide 2: hang of things without the fierce competition found in other auctions.) Finally, place your bid as close to the end of the auction as possible. This avoids driving up the price and the number of bids too early. Since you pay for each bid you place, this tactic can save you money on your next penny auction. Get more savings and shop at Penny Auction sites! Visit a Penny Auctions site now! Article Source: http://EzineArticles.com/?expert=Nathan_Pearce ==== ==== Penny auction can save you money http://558c5qbp3c-c6u3ell1wmsgqdh.hop.clickbank.net/ ==== ====

   
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