MyBidShack

In penny auctions you can WIN... NEW, NAME BRAND items. Names like Sony, Apple, Black and Decker, Skill, Pioneer, Motorola, Burlington, Ford, BMW, for PENNIES ON THE DOLLAR...shall I go on?

The items can range from iPods to laptops and from big screen TV's to automobiles, and again all NEW!!!

The prestigious business website Forbes.com said recently "On-line auctioning is hot. ... It's competitive shopping, and Web users are a competitive bunch."

According to PennyAuctionWatch.com, "Swoopo [the largest Penny Auction site] made a profit on revenue of $32 million just last year. Swoopo came to the US in September of last year and they've been around since 2005 in the European market. They have over 2 million members on their US site...and an Alexa traffic ranking (8,124) that I'm sure many penny auction/e-business owners would covet!"

The penny auction is not a regular auction. As a matter of fact people regularly are getting from 65% to 95% off the retail price.

The name penny auction comes from the fact that the bid starts at one penny, and moves up one penny at a time. When a bid is placed, an additional 10 to 30 seconds is added to the bid timer.

Penny auctions are new and are all the rage in Europe right now. They are virtually unknown in America at this point. We are introducing it and allowing you the opportunity to earn from the enormous profits being generated.

Some have already listened to "How One Penny Becomes $11,250" and are excited beyond belief.

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