Penny Auctions EXPOSED

By: John Googe

trials" or "how to make $$ online" but I feel the need to explain that not all penny auctions are scams. There are several legitimate companies that do not use bots and are NOT scams, they have a strong community and offer exceptional products and customer service

However, even these legitimate sites are hard to spot, one reason is that because of their popularity they have many new users who may not fully understand what the rules of these penny auctions are and how they work. What happens in many cases is a user will see an advertisement online that says "Get a Mac Book for $11" and they assume that they can sign up and buy a Mac Book for $11. You have to play, its entertainment shopping, and you can get deals, if your patient. This is one of the reasons that penny auctions always, no matter no legitimate they are, always have a ton of bad press.

Itís important to know what Penny Auctions actually are.
Basically when you sign up you are prompted to make an account and buy bids, this gets most people thinking there is something fishy. But, penny auctions unlike eBay work like this. You buy a pool of bids (usually for $0.60 a bid) and you place those bids at auction.

These websites also differ from eBay because the auctions do not have a set ending, its modeled after the traditional live auction. When you place a bid a small amount of time is added to the clock allowing other bidders to continue.

Itís a game of wits and patience but it is not rocket science.
One of the most successful strategies is to wait until the last second or two and then place your bids. Also as convenient as auto bidders are you should avoid them as they bid instantly and do not wait until the last seconds.

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Another solid tip is to research what the product has sold Butペニーオークション unlike for recently, unfortunately it's usually the iPods or the Mac Books that gets everyone and their mother bidding. If the last iPod sold for $50 doesnít start bidding at that ペニーオークション always wait till it reaches it upper level until you bid.

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