RAFICHOWDHURY

How to Find And Bid on The Best Cheap Bidding Sites

|

What are Bidding Websites?

Bidding  fee auctions or penny auctions are online auctions in which the participating bidders have to pay a non- refundable fee to be eligible to place bids. The auction ends after a specified period of time and the last bidder wins the item at the final bid price. Bidding websites are those that organize such kind of bidding fee auctions.

Also Read :

  1. How to Find And Bid on The Best Cheap Bidding Sites
  2. Freelancemyway- A Platform to Connect Businesses with Freelancers
  3. How Comix Saved My Christmas Tree With 15% Discount Offer

There are innumerable bidding websites on the internet today. In fact, there are more than 150 bidding websites which makes choosing the best bidding website a daunting task. However, PennyGrab.com has made a name for itself to be among one of the most recognized bidding website.

Bidding

Use the ‘Search Box’ and sort well:

When you are skimming for the best deals on a bidding website, the first stop to find the item you’re looking for is the ‘Search Box’. If you know exactly what you want, you can search by giving a precise description of the product. Most of the times, the search will only pick up items which match exactly with the description. If you want more products of the same kind listed out, then you can do a general search.

The next step is to ‘Sort’ the order of your search results with a drop down list. For example, if you want to buy only brand new products, you can opt to see new items at the top. You may also sort your search results using the advanced search option or by adding filters. The more time you spend through the listings the better your chances of landing the best deal.

Check delivery details:

You need to keep mind the fact that bulky or heavy items have higher delivery costs. The best way to deal with this is to sort items by distance and find a seller nearby; you can collect the item in person and avoid postage and handling charges. If your purchased goods are being home-delivered, check how soon you’re likely to receive them, especially if you intend to give them away as Christmas gifts.

5 Things About E-Commerce Every Small Business Needs to Know

Don’t be fooled by items that show free postage and packing as you may end up paying for it in the overall cost of the item. If the seller is based overseas, the items might be cheaper but will take longer time to arrive and might add up in more delivery costs and taxes.

Ask questions regarding products and negotiate:

Try to find as much information about the product as possible, before you decide to buy, especially if it is second-hand. If the product description on the listing doesn’t give you all the information you are seeking, ask the seller for more details. Based on the helpfulness of the seller’s responses you will get a clue whether or not they are the right type of sellers you’d want to purchase from.

It is advisable to check the seller’s profile to see if previous buyers were satisfied with their services and the items they received. Even though items may be listed at a fixed price only, you may contact the seller to try to make a lower offer. There is a higher chance of succeeding in getting the price down if you can offer something in return. For example, if wish you to buy more than a single item from that seller. However, you have to still complete the sale through the bidding website.

Have a plan of action ready:

Once you finalize the item you want to purchase, check out various bidding websites and see who is offering the best deal for the product. Before you make any bids on a bidding websites, check the selling price of similar items and decide your spending limit including delivery charges. During your research if you see that there are always plenty of similar items for sale, it is advisable that you let a specific item go if the price gets too high.

How to Make the Most Profit from Buying and Selling Property: A Beginners Guide

How to win auctions on bidding websites

Review various bidding websites and choose the one that suits you:

There are scores of bidding websites out there; you must study the most renowned ones carefully. Each of them will differ from the rest in some way or another, including the products they offer to be auctioned, the cost of purchasing bids, membership fee, the rules of bidding in the auction , the maximum number of bidders allowed to bid in an auction, the number of free bids and other factors related to winning the auction. You have to choose a website which suits your needs perfectly.

BiddingIt is of utmost importance to go through the terms and conditions. The terms and conditions will vary from one bidding website to another. If possible, you can gather tips before signing up on a site so that you can take advantage of the bidding process right from the beginning.

Study the bidding patterns of previous winners:

Each site will allow you to view past auction winners; make a note of the user names of frequent winners. These “whales” often win because they are willing to throw a large number of bids at a particular auction item. It is better to avoid getting into a bidding war with them as there might be lesser chances of your winning. Also, you will see that some winners are able to win using very few bids and at very advantageous prices. Check out the time of day, type of item and time overlap with another auction that ran long. These factors may help you build up your own bidding strategies.

Great reasons to shop on Penny auction sites that suit yourself

Select which auctions to bid on carefully:

Before you place a bid on an auction, make sure you have thoroughly researched the bidding patterns. Once you study the pattern, you will be able find the week, time of day or the category of products which have less competition. For example, there will be a lot more bidders for an auction of a smartphone than of a cigarette lighter. Also, it is crucial to cross check the usefulness of the product that you would like to purchase through bidding. If you cannot resell the product or cannot use yourself, it will be a waste of money. Hence, you are advised to select which auctions to bid on, by considering each of these factors.

Start with beginners only auctions:

At the beginners-only auctions, the bids are usually of a lesser value and there are no big players to compete against. It is imperative for new bidders to start placing their bids at a beginner level only. This is the place where they get opportunities to learn the different strategies to win an auction. Most bidding websites have this option and it is very helpful to the new bidders or those who have never won any auction.

Make use of your free bids:

If you are receiving any free bids on signing up on a bidding website, use your free bids and try to find out how the bidding process works. The number free bids differ from site to site. Since free bids do not cost you anything you can experiment with them and get acquainted with the various strategies of bidding. However, there are no free bids on signing up with PennyGrab.

Don’t wait to bid during the last few seconds:

This is a very old tactic that bidders use in which they wait until the last few seconds of the auction to place their bids. This type of bidding is called as Sniping. The first thing to keep in mind while placing a bid is to be patient and wait for the right moment. However, at times waiting too long can result in you losing the bid, so it is advisable not to bid during the last 5 to 10 seconds. The bidders who usually use this technique believe that they will win in the last few seconds because the competing bidders will not get enough time to increase or change their bid.

How to Make the Most Profit from Buying and Selling Property: A Beginners Guide

Be ‘in it’ to win it:

The popular belief is that participating in multiple bidding auctions will increase your chances of winning. However, the secret to winning an auction lies in the fact that you should concentrate on a single auction by placing multiple bids. But make sure that you do not end up in a bidding war just for the sake of your ego. Be a smart bidder and buy sufficient bids in advance so that you do not run out of bids when you are in the middle of an auction.

Don’t lose hope and have fun while bidding:

If you are new to penny auctions do not expect to win right away. Most people enter an auction expecting they can wait and win the auction just with their free bids. This is highly optimistic thinking. Free bids are only provided to you to get a taste of how a bidding war actually feels. You cannot win just with your free bids. You will need buy plenty of bids and be willing to bid freely when you select an auction you want to win. Also do not expect to win every single time. Just hang in there and have fun.

Try Automatic Bidding or Bid Concierge Service:

Another way to increase your chances of winning an auction is to take the help of bidding assistant. This process is called ‘Automatic Bidding’. You can input the price at which you’d like the Concierge to start bidding for you, the price at which you’d like the Concierge to stop bidding for you and the number of bids you would like for it to place. Many of the “whales” have learned to use the Bid Concierge effectively. It is good to note that in case of high value items, the highest bidder frequently engaged the ‘Bid Concierge’ to secure the win.

Bidding

Beware of ‘shill bidders’:

Shill bidding is when the seller hires other people to bid on an item they don’t actually want, to help increase the selling price. Also, there are some fraudulent bidding websites which use bid bots or other computer programs to automatically bid on behalf of the seller. You may be seconds away from winning an auction when another bogus user places a bid.

Great reasons to shop on Penny auction sites that suit yourself

This in turn keeps the clock ticking and forces you to place another higher bid to stay in the race to win the auction. If you suspect something, you can check the bids and retractions on an item by looking at the bid history. Search for bidders with multiple small bids when no other bids have been placed. Another sign that an item may have been shilled is when it gets relisted by the winning bidder or the original seller.

Bail out with the ‘Buy Now’ Button:

When you happen to lose a lot of money while bidding on an item that you liked and really needed, the ‘Buy Now’ button comes in handy. On using this option, you can still use the money you lost on your bids and buy the item by paying the balance amount. You may get the product at almost the retail price but it is still better than losing money on bids. PennyGrab helps you to avoid losing a large chunk of cash by proving this facility.

Why are bidding websites so popular?

Online bidding websites are very popular these days and play an important role in the increment of online e-commerce business. Online auctions are of many types and there are numerous bidding auction sites offering different types of auctions for different types of products. However, adequate care should be taken before you venture into online bidding and also check the legitimacy of the bidding website. There are many advantages of using bidding websites as mentioned below.

Convenience of shopping:

Online bidding websites have removed the physical limitations such as geographical distance, time differences, space and a small target audience. Since these auctions take place over internet, people from various parts of the world can participate in it and there is no requirement to be at the actual place of auction. You can conveniently bid using your phone or computer anytime, anywhere. Also, stored information such as credit card numbers and mailing address mean faster transactions with less time to change your mind.

Do You Know the Formulae to Winning Penny Auctions ?

Huge varieties of items are available:

It doesn’t matter what item you are looking to buy, you will find that one or the other penny auction site will have the item available. So whether you are hunting for items you need on a daily basis or special things for gifting purpose, it’s all there. Not only that, there are thousands of items to choose from and there is no limit to the different categories either.

Bidding

You can choose from a large variety of stuff such as Television sets, mobile phones, electronics, home appliances as well as fashion clothing and accessories. Each of these categories has been designed to help you save money on the items you’ll usually find in any department store.

Entertainment Value:

There are certainly quite a lot of people who partake in the bidding process not because of purchasing items but out of the sheer thrill that they feel while bidding. It is more of an entertainment activity for them. The winning part is an added benefit as they get something back in return.

Cost effective:

This is an alternative method of online shopping which is also very cost effective. Who knows, your next major online purchase might be for just pennies on the dollar. If you’re interested in buying any particular item but feel that you can’t afford it, it is advisable that you visit a bidding website as it is the perfect way to get it at a much lesser price. Take out time to learn about the process and the way these sites work. Sooner than later, you will be equipped to bid considerably well and start saving big money.

Great reasons to shop on Penny auction sites that suit yourself

Get a last-minute bargain:

More often than not, sellers list their items with a low starting price hoping that it will encourage bidders. However, this strategy doesn’t work every time and even when there are a few minutes for the auction to end, there are still no bids. So if you come in at the very last moment, you have higher chances of finding some real bargains.

Verdict:-

While bidding websites are essentially helpful when you want to purchase expensive items and throw away prices, you need to ensure that you don’t get addicted to the bidding process which might turn you towards gambling. Online bidding platforms create a sense of urgency, making consumers fear losing out on a bargain in case they wait too long.

Also, intense competition with other bidders makes consumers focus on winning a bidding war rather than getting a good deal. By playing tactfully, you will not lose much money and also be able to buy costly items that you wouldn’t otherwise afford to buy. Therefore, the next time you visit a bidding website, remember the above points to make the most out of your money.

Comments are closed.

Contact Info