Penny Auction Site Coupons

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LuckyBossBids - Penny Auction Review

Website:

LuckyBossBids

www.LuckyBossBids.com

Prices: ($0.50 per bid)

50 bids - $25.00

100 bids - $50.00

200 bids - $100.00

500 bids -$250.00

Auction Features:

-Mega Boss Auctions
-Auto Bidder
-Buy It Now

Contact Information:

Email: Support Email

Bid Penny Review:

Site: 6.0 / 10

Customer Support: 6.0 / 10

Products: 9.3 / 10

Comments: LuckyBossBids has a combination of great options for their buyers including Buy It Now, Auto Bidders, and Mega Boss Auctions. I love the concept of the Mega Boss Auctions. The Mega Boss Auction is 2 minutes long and the bidder that bids most in the 2 minute period is the winner. I would like to see that on more penny auction sites. The site offers a variety of unique and desirable products including: gift cards, shake weights, bike gear, childrens toys, and electronics. Since the site is brand new they are offering a lot of bid pack promotions. Through LuckyBossBid's website you can only contact the company via email. However, I did contact the company through their facebook page and got a reply within hours. I should warn though that while looking over the site, it did seem that there were shills / auto bidders. Check it out for yourself before bidding.

Bid Rodeo Promotion

Today only, buy 800 bids and get 100 bid free!

To purchase go to:

http://bidrodeo.com

BidNabbit - Penny Auction Review

Below is a Penny Auction Site Review for BidNabbit.com 


Website:

BidNabbit

www.BidNabbit.com

Prices:

-1 bid = $1.00

-5 bids = $5.00

-10 bids = $10.00

-15 bids =$15.00

-20 bids =$20.00

-25 bids =$25.00

-50 bids = $37.50

-75 bids - $56.25

-100 bids - $75.00

-250 bids - $187.50

-375 bids - $281.25

-500 bids - $350.00

Auction Features:

-Buy It Now

Contact Information:

Email: Support Email

507-721-BIDS

Bid Penny Review:

Site: 6.2 / 10

Customer Support: 8.9 / 10

Products: 7.9 / 10

Comments: BidNabbit auctions mostly electronics, gift cards, and bid packs. This is industry standard. The site limits customers to 2 wins each day (one gift card and one other item). One thing I do not like about the site is that it shows vulnerability. On their news page they state that they are very new to the industry and have a small client base. It would be easier to bid in confidence on a site that is confident in themselves. However, the site does offer Buy It Now. Bidders can choose to apply their bid's cash value towards the purchase of the product at retail price. Shipping and handling fees are applied to the final bidding price and vary by item. BidNabbit was created in 2010 and it is apparient through the site design and content. I assume this will improve as the site ages.

Jan. 1, 2011:
I visited BidNabbit.com and it does not appear to be in business. All of the links that I clicked on gave me an error that the page could not be found.

Baffol - Penny Auction

Below is a Penny Auction Site Review for Baffol.com 


Website:

Baffol

www.Baffol.com

Prices:

-Premium Membership - $99.00

-Power Ups ($0.01 - $1.00)
-Bids are FREE

Auction Features:

-Free Auctions

-Bid Buck Auctions

Contact Information:

Email: Support Email

Baffol
#102-5489 Byrne Road
Burnaby, BC V5J 3JI
Tel: 604-454-0844
Fax: 604-454-0834

Bid Penny Review:

Site: 8.8 / 10

Customer Support: 9.7 / 10

Products: 8.0 / 10

Comments:Baffol is a Canadian auction site. You must be a member to view auction details. Baffol is different than other sites because you do not purchase bid packs. You can earn "Bid Bucks" by participating in free auctions. The winner of the free auction earns $5 Bid Bucks and all other participates earn $1 Bid Bucks. Baffol offers 20 varying items, mostly electronics and gift cards.

BidWinFlip - Penny Auction

Website:

BidWinFlip

www.BidWinFlip.com

Prices:

Varies*

Auction Features:

-BidWinFlip Store

-Buy using credits
-Free Shipping

Contact Information:

Email: Support Email

Bid Penny Review:

Site: 1.3 / 10

Customer Support: 6.8 / 10

Products: 8.0 / 10

Comments:BidWinFlip's website has some technical problems on their Help page. Also, many of the links do not work. Their graphics are amateur. There is only one method of contact via email. The site does however offer a good verity of products.
*The prices vary and are sold in packages. The price structure is difficult because each package is set up as a special. It is hard to determine the price behind the package.

LetsGoBidding - Penny Auction

Website:

LetsGoBidding

www.LetsGoBidding.com

Prices:

 Below are the bid pack prices for LetsGoBidding
30 bids - $24.00

50 bids - $35.00

100 bids - $65.00

200 bids - $110.00

350 bids -$195.00
500 bids -$275.00

Auction Features:

-Scratch Auctions

-Buy-A-Seat Auctions

Contact Information:

Below is the contact information for LetsGoBidding
Email: Support Email

Bid Penny Review:

Site: 8.2 / 10

Customer Support: 6.8 / 10

Products: 9.5 / 10

Comments: Let'sGoBidding.com offers a variety of products including gift cards, bid packs, home goods, and electronics. The only method of contact is email. I would like to see at least two methods of contact. The FAQ portion of the site is very informative and one of the best FAQ pages I've seen.

LetsGoBidding is going out of business. Their last auction will be on Sunday January 30th 2011. This is very sad but one of the realities of the penny auction industry.

Starting a Penny Auction Site

Think Big, Start Small

It's important to start small.  No matter how well you plan ahead, there will be unforeseen obstacles you may run into the first day/week/month, and keeping it small at first will help to sustain the site while you "work out the bugs."  Remember the statistic that 50% of all businesses fail within the first five years.  With penny auction sites, we believe this statistic is expedited, that is, 50% of all auction sites fail within the first five months.  So, it's important to keep thinking big, but start small, and 'feel' the market out.

Make sure you also target certain markets.  Don't try and sell everything at once, or just the items that are small net profits (i.e. gift cards and bid packs).  Some of these sites have a certain target in mind (i.e. Penny Purses or Penny Laptop).  The age old saying, "If everyone is your customer, then no one is your customer," rings true for this industry as well.

Targeting certain markets also applies to geography.  When making a marketing campaign, choose certain geographic locations known to you.  This will help, as you may understand the culture and what sells well in that city/state.  Performing practical market research is important BEFORE starting your auction site.  You will be that much more successful, and by planning ahead, you will find profitable niche markets that have not yet been overridden in the penny auction industry.

Down Low on Private Penny Auctions

Many sites offer private auctions (Biddingyard.com, eMaja.com, BidPigs.com). First, what is a private auction?

Private Auction:
Private auctions limit that amount of bidders that can participate in that auction.

How do you participate in a Private Auctions?:
Private auction rules vary site to site. At some sites it is free to participate, first come first serve if you will. At other penny auction sites you must use bids to secure a seat in the private auction. The participation cost might also vary auction to auction.

Why participate in a Private Auction?:
Since there are a limited amount of bidders, there are less members to compete with. Less competition means a great chance of winning.

Why should you not participate in a Private Auction?:
Private auctions usually attract experienced bidders. If you are not an experienced bidder, you should focus on open auction until you become experienced.

New MidPenny.com Coupon

Below is a great coupon code for MidPenny.com. 15% off bid pack purchases!!!

Site: MidPenny

Coupon: 15% off bid packages

Coupon Code: 501EBCAA-18BE-5910-D454-666D7D8A38B8

To view more coupons click on my coupon tab above.