New Penny Auctions

Basically, new penny auctions are E-commerce websites where you can top of the line products at a way below retail value. There are tons of these penny auction sites popping up all around the internet every month. Some are good and some are complete scams (man I don't like the sound of that word). A few of the new penny auctions offer the lowest price per bid available anywhere, and most carry a huge range of products. Some also claim to have over 1500 deal breakers each and every day!

How do New Penny Auctions work?

Most of the sites allow you to register for free, but you must be registered to bid. After your registration is complete, you usually get your first penny auction bid on the house... yippee! Every time someone bids on an item, the timer resets, another penny is added to the pot and you start again. The last person to bid when the timer runs out wins the entire auction.

Why Should You Use New Penny Auction Sites?

If you ask anyone, taking part in a Penny Auction is awesome and exciting! It's a much more entertaining way of shopping for sure. Most of the new penny auctions operate in more than 25 countries, which is amazing in itself. These sites have hundreds of auctions every day and are always adding the newest items to their inventory.

A few of these sites provide excellent service and are audited by some very credible audit firms in the world to ensure the level of service they provide is at the highest level. The question is, do you know which new penny auctions provide such a service? We do and it may surprise you.

Hopefully you will discover why penny online auctions are the new way to bid online. Yeah, you can still go back to that same old online site (hint - eBay), but what's the fun in that. There is no better feeling than winning a penny auction and getting just what you wanted for 70% below retail value. But remember, don't just trust any old penny auction site, because they are not all created equally.

Winning New Penny Auctions Tips

• Be prepared


• Make sure you have enough bids for the item that you intend to win. As a rule of thumb, the higher the value of the item, the more bids are required.


• Study the closed auctions


• Try to have a look at closed auctions of the same type of products you want to buy. You will see the numbers of bids that users have placed.


• Start slow


• If you are a beginner, practice your strategy on lower value products because they attract less users, so there is less competition.


• Focus on one auction at a time.


• Don't spread your bids out on a whole lot of auctions; keep what you have in reserve for winning the auction you really want.


• Take the NO RISK option


• Bid on auctions you want to buy, so even if you don't win the auction, you can still buy the item and get the value of your bids placed back as a discount. No loss there!


• Don't miss out on the action, even when you are not at your PC.


• Keep your expectations realistic


• More expensive auctions generally have more competition be ready to go all the way if you are going to take down the experienced bidders.


• Bid on Items you are ready to 'Buy Now'


• Keep an eye out for hidden opportunities


• If everyone is bidding on the latest iPhone then net yourself a great deal on the gift card.


• And most importantly...Have Fun!

Our number one new penny auctions site today:

Bidrivals. Excellent service, quality products and hundreds of winners each and every day.

Promo-code= "great10" - It will give the users 10 free bids on the first bidpack bought, it can be used only once. Expires Feb 15th 2011



More to come...