Hints and Tips for Winning Penny Auctions
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Penny Auctions Portal
Home Bid Now Winning Tips Case Studies
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Penny Auctions Portal is a trading style of Admatrix Ltd Company number 08475546 VAT registration 195579545 Terms of Use and Privacy Policy
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Choosing items to bid on is very important. If you are buying items at penny auctions with a view to selling them you need to buy items that people want. Here are some examples that are good and the reasons why: Gift cards – at penny auctions you will often find gift cards for sale which are ideal items to sell on eBay. Gift cards are very safe items to bid on because even if you do not win the auction itself, you can redeem a discount on the face value of the amount you spent in bid credits. In this case you would reach the break-even point, however the competition for gift cards is not great so you will hopefully find you win at a discount more often than you need to buy at face value. Popular electronics – most electronics are quite popular as there are a lot of iPhones, iPads, games consoles and HD televisions. If you do happen to win, there can be quite a bit of profit available. In general it is important to research the items before you start bidding and see how much you could potentially sell them for on eBay. As well as carefully choosing the items you want to bid on, there are other considerations to be aware of that can help you win more penny auctions: Never be the first bidder – most people that are good at winning penny auctions would recommend you are not the first bidder as many people can be watching the same auction. You do not want to start using credits to place bids and then find out that lots of other people are watching the item and placing bids. Stay away from auctions where there are more than ten bidders – if an auction has a lot of bidders, it is popular and the bidding competition will be high. These auctions will go on for some time which could result in you needing to make more bids to win the item and so it will become less profitable when you come to sell the item. Bid with the intent to buy – if you come across as a serious bidder, others are more likely to drop out of the bidding process earlier on. Stay away from intense bidding wars – often the high value items will have a lot of competition and there will be regular bidders placing bid after bid. By watching the bidding screen you can see the usernames of serious bidders and can learn to steer clear where there are several of them competing for the same item. Bid off peak where possible – penny auctions are becoming popular, especially where high value items are concerned. If you can bid off peak – typically from midnight until early morning – you should find there are less people bidding and the timer is more likely to go to 00:00 after a bid that you have placed.
Contact
Company
Penny Auctions Portal is a trading style of Admatrix Ltd Company number 08475546 VAT registration 195579545 Terms of Use and Privacy Policy
Penny Auctions Portal
Home Bid Now Winning Tips Case Studies
Hints and Tips for Winning Penny Auctions
Choosing items to bid on is very important. If you are buying items at penny auctions with a view to selling them you need to buy items that people want. Here are some examples that are good and the reasons why: Gift cards – at penny auctions you will often find gift cards for sale which are ideal items to sell on eBay. Gift cards are very safe items to bid on because even if you do not win the auction itself, you can redeem a discount on the face value of the amount you spent in bid credits. In this case you would reach the break-even point, however the competition for gift cards is not great so you will hopefully find you win at a discount more often than you need to buy at face value. Popular electronics – most electronics are quite popular as there are a lot of iPhones, iPads, games consoles and HD televisions. If you do happen to win, there can be quite a bit of profit available. In general it is important to research the items before you start bidding and see how much you could potentially sell them for on eBay. As well as carefully choosing the items you want to bid on, there are other considerations to be aware of that can help you win more penny auctions: Never be the first bidder – most people that are good at winning penny auctions would recommend you are not the first bidder as many people can be watching the same auction. You do not want to start using credits to place bids and then find out that lots of other people are watching the item and placing bids. Stay away from auctions where there are more than ten bidders – if an auction has a lot of bidders, it is popular and the bidding competition will be high. These auctions will go on for some time which could result in you needing to make more bids to win the item and so it will become less profitable when you come to sell the item. Bid with the intent to buy – if you come across as a serious bidder, others are more likely to drop out of the bidding process earlier on. Stay away from intense bidding wars – often the high value items will have a lot of competition and there will be regular bidders placing bid after bid. By watching the bidding screen you can see the usernames of serious bidders and can learn to steer clear where there are several of them competing for the same item. Bid off peak where possible – penny auctions are becoming popular, especially where high value items are concerned. If you can bid off peak – typically from midnight until early morning – you should find there are less people bidding and the timer is more likely to go to 00:00 after a bid that you have placed.
Penny Auctions Portal Save Up To 89%