5 Tips to Ace Penny Auctions

5 Tips to Ace Penny Auctions IT’S TOTALLY NUTS!

Winning penny auctions is all about tactics and strategy along with some calculations and mental warfare. A balanced mix of risk and solid calculation can increase your chances of winning manifold.

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enny auctions are the fastest growing industry, but it’s not easy to win it without proper strategy .Here is the tips to win penny auctions.

Choose a meaningful user name A great way to start you penny auctions campaign is to find yourself a formidable user name. We are all strangers to each other in an online auction. So, when some stranger comes with a name like “Bidcrazy” or “supreme bidder” then the others will think a lot before placing a bid against his bids as they might feel you are confident to carry on bidding.

Take auto-bid if offered Some penny auctions offer auto bid management system to the users. If this facility is given, then feel free to use it. In fact, it will increase the chances of your winning. This means, you don’t have to manually put the bids each time. Once you set how many bids you want to place on a particular item, the software places the bids on your behalf.

Avoid peak times Try to sneak in when serious bidders are absent or less. For example, placing a bid at the early hours is advisable as most of the bidders are in bed by that time. But, you are not the only one with this idea so in fact; early hours can turn into the busiest time to bid for all. If you can, try to bid during the morning period when people are busy preparing for school or work or housework.

Avoid the bird's eye and diversify your bids As most people are busy bidding for the most popular items, it might be a good idea to avoid those items and bid on less attractive items instead.

You might win really cool products which no one paid attention to.

Buy It Now reduces the risk Many penny auctions offer Buy It Now option with decent discount on products as well. You generally get your bid points back if you decide to buy the product. If you think the discounted price minus the bid value

gives you a decent discount on the product, don’t hesitate to use the Buy It Now option.

In summary, you can place your hands on attractive products at very low costs which might be too costly for you otherwise. Add to that the

unending hours of pure fun and thrilling experience of taking part in a real-time penny auctions. You will cherish these moments and when you manage to win a product, using any or all of the tricks mentioned above, your happiness will be multiplied.

About Nutbid After first discovering penny auctions we were hooked. We think they're one of the coolest and most exciting ways to shop today! Plus it’s affordable! But, we saw room for improvement.

That’s when we decided we could change things! We decided that we wanted to build a penny auction site that was sleek, powerful and easy to use. We also wanted to give you the best customer support possible with that personal approach.

You can win all sorts of popular products at incredibly low prices – all from the comfort of your own home! And you never have to go away empty handed, even if you don’t win the auction. Most auctions have a “Buy Now” feature that allows you to purchase the product after you’ve placed even just one Bid.