penny auctions
Online Auctions are great. Not only do you have a chance to win an item at a great price, but they’re fun and exciting. Online auctions have revolutionized the way that auctions are conducted in the U.S.A Whether it’s property auctions, government auctions, or police auctions, Internet auctions have become one of the largest most successful ways to auction items.
There are a wide variety of online auction sites. Largely unknown in the U.S.A are Penny Auctions, where the bid price increases only in increments of a penny at a time. Unlike traditional online auctions where a bidder can decide to bid as much or as little as they want for an item, in a penny auction you can only bid one penny higher than the previous bidder. So for example, a new big screen t.v. will start at a bid price of $0.00. When someone places a bid, they can only increase the price of the item by $0.01 cents. So the winning bid for the t.v is now 1 penny. Now someone else decides to place a bid, so the winning bid goes up to 2 cents, and so on.
Like all auctions, weather they’re online auctions or traditional live auctions, the bidding is over when the time expires on the item. However, with penny auctions because the bidding increment is so small, many penny auctions will have an expiration time that is shorter than the typical online auction, like 5, 10, or 30 minutes. In most cases, every time a new bid is placed on an item, the timer resets to it’s original expiration time. So using our example above with the big screen t.v. if the timer is originally set for 10 minutes, the clock starts counting down. When someone places a bid, the clock resets to 10 minutes, and begins counting down again. If someone else places a bid, then the clock resets, and begins counting down again. However if no one places another bid, and the time expires, someone just won a T.V for a GREAT BARGAIN!!
So what’s the catch? How can anybody really win a t.v. or an ipod, or any thing for that matter for pennies in an online auction? Well, you have to change the way you look at bidding. In traditional Internet auction sites, you can decide what you are willing to bid for an item in advance. If someone else bids higher than you, you don’t win the item and it didn’t cost you anything. With penny auctions however, because the bid increment only goes up by a penny, you have to pay in advance for your bids. In other words, you buy your bids first, and only when you decide to use a bid, will the bid price go up. What does this mean? Well, going back to our example from above with the television, if you wanted the opportunity to win that t.v. for pennies, you would have to first spend money on buying your bids. Then you would have to watch the clock, watch what others are doing, and decide on the most opportune moment to use those bids in order to win the t.v. This makes bidding on a penny auction site very interactive, and EXCITING!!!
So how much are bids? There are several different online auction sites u.s.a with different bid prices. Swoopbug ,swoopo ,telebids
We go over why penny auctions are better than ebay
Why settle for slow auctions like ebay when you can go straight to live penny bid auctions and win right away?
You can sell thousands of items, but which are the best things to sell on eBay? Hopefully I can supply you with some creativity to get your thoughts flowing.
If you used to be a customer ( which you are, ) what would you purchase on the internet? ( I’m sure you’ve acquired something online before )
What would you purchase YOURSELF?
These are the types of questions that you have got to ask yourself or anyone that wants to buy something online, as it provides precious information that you can use to generate income by selling the things on eBay that will solve people’s’s issues.
folks go to eBay looking for something that will probably either create pleasure or solve a difficulty for them.
And yet another way to put it :
shall we say that you’re looking for a red ball. You go to eBay and type in RED BALL.
Would you be ecstatic and settle with that? No!
here’s a short list though to further spark your creativity on the best things to sell on eBay :
– Phones ( people are constantly looking for the newest phones )
- Sports equipment ( Rackets, etc )
People are always buying these, and if you can get them for a fair price yourself then you can make a killing! Here is a hint : iPods, mp3 players, and private media. Those sell like fire, and people will always desire them!
1 Cent auctions are hard to find now adays, and if there not hard most can’t be trusted. Penny auction talk with random person