Winning at Penny Auctions

Penny Auctions are now a big hit on the internet and if you are asking yourself if it is worth your time.  That is one of the most important questions you can ask.  The purpose of this blog is to help you will, give tips to help you be successful in bidding on items you want and being successful.  There are some things you should know when bidding on Penny Auctions.  Every couple of days I will talk about different thing that will help you be successful.  Today, I will talk about things you should stay away from.

1.  I would stay away from sites that have autobidders.  I believe that sites have computerized bidders take the thought process out of the bidding process.  I would personally stay away from sites like these.  I would name some of these site but I would rather name some of the sites that I do like.

2.  I would stay away from Penny Auction site that do not limit the number of wins you can have.  If a site can have unlimited wins, there are some bidders that will try to control the site and run product up and overspend believing that they will make up the difference on the next auction.


I will be coming out with a list of the top 10 Penny Auctions but right now I would like to tell you about my favorite site - www.bidcactus.com  .  In the coming days I will tell you about the positive about this site  but it does not have autobidders, limits the number of wins in a day and a month and has plenty of action.

Every rookie should know that there are many losers but only one winner when bidding on a Penny Auction.  I would watch and study any Penny Auction site before bidding.