Today, people are naturally wanting to know if Penny Auction sites are legitimate or not, because of their increased popularity. I have noticed worried people are inquiring into how Penny Auction sites might be scams. With my overall experience of these auctions, I think I am qualified to advise you on whether these auctions are indeed scams or are legitimate.
As with other things on the World Wide Web or in life for that matter, there are both good and bad things available to you. Not all Penny Auctions are scams. They offer merchandise to you in a way you can afford, where you could not afford it otherwise. Many people (more than you think) have won these auctions for items like big-screen televisions or iPads for a lot less money than the recommended retail price. There is an unlimited array of different items available on these auctions too.
But, there are also some really rotten ones out there. I know of a Penny Auction site that when I first signed up, I had no idea what I was getting myself into, and I got scammed pretty quick. The user name was nice, but it said active monitoring. When I checked the site after a few months and saw that they were still there, the person had finally closed the auction. You probably know this if you have done it before.
Remember also that you are not insured or guaranteed to win your bid, and take that into consideration when bidding. If you feel you are getting a fair price, then change the bid once you notice it is not going to happen.
If you take a chance on an auction with no history and no promises, you could be very disappointed when you come across that you did not winning bid. There are tons of auctions like this every day, in every niches.
The thing to remember is to stay focused. Penny Auctions are constantly changing, and this means that the competition is always changing as well. Make sure that you stick to what you have planned and what you are comfortable with.
For those that do not know, these auctions are different from standard auctions in that they are only for real goods. You are not buying these goods at a garage sale, at a church fund-raising event, or from a friend. No matter where you win, you will have to pay for it too. This makes the auctions by far a more serious way to win. If you go into this with the right attitude you can be confident that you will win.
The key to winning on auction sites is to stay positive and be patient. You are going to lose some. You are going to win some. But if you can be positive and patient then you will have a good chance of winning. Be sure to keep in mind that if you bid too much, that you will have to pay for it later on. If you get off to a bad start, you could lose all the bid.
Keeping a level head and patience are both important. Be sure to check out an auction before participating. You may also want to read up on how to win at penny auctions before you get started.
If you know a bit about auctions, you may be able to figure out how to win more at these than standard ones.
You should check out the auction sites more than just one or two times each day. The obvious answer is to check out at least twice. Once in the morning and once again in the evening. Do not stop at just one. Do not wait until the last auction. You should keep checking back and forth between the auctions.
Most people decide to stop at the end of the day because this is when people typically get the best deals. You may find that the bids are close to the cover price, and it may be better to just let the bids run their course and maybe pick up a few good deals.
The goal of using the auction sites to find good deals is to get rid of the time you would have spent looking overpriced auctions at retail prices. This will in effect free up your time to more important things.
It may also be a good idea to get rid of any other ads or merchandises you don’t need and just get rid of the things you do need. Just remember that people like things you can easily find and if you make it seem like you don’t need it, that may very well be the entire point.
When you find things that are just too pricey, try not to look too much. Not all vendors will have generous return policies. Not every vendor will be as comfortable dealing with your credit card information.
When you find things that are good deals, stick to them. Do not change up your routine to accommodate their requirements.
If you stick to items that are guaranteed to sell, you should make very little money.
