Search This Blog

Thursday, July 14, 2011

What is the best time to bid on penny auctions?

The best time to bid on a penny auction is a time when there is the least competition. The less people on the site, the greater your chance to win because there is less competition in each auction. With less competition your chances of winning greatly increase but this still does not mean that you will be guaranteed to win. You should use personal logic and research to determine the best time to bid on a penny auction site. Penny auction strategies have a large influence in your winning odds. Read about my penny auction tips and strategies at my previous blog post on Quibids.

To know when is the best time to play you must first understand that there is not necessarily a perfect time to bid. However, below are some great tips on when the best time to play is:
  • Play when people are commuting to work. Most people are getting ready for work and commuting between 6:00 am - 8:00 am. This is a great time to play as there is less penny auction competition.
  • Don't play between 5:00 pm - 10:00 pm. This is when traffic on penny auction sites is the greatest. People are just coming home from work and have free time to play.
  • Pay attention to time zones and your competition's location. Sites like Pointnbid are located in Australia and most of their customers are located there. BidRivals is global but mostly in Europe. Quibids is in Oklahoma and most of their bidders are in the United States.
 After determining the best time, analyze the site that you choose to bid on. Keep in mind these three factors:
  • The number of products currently up for auction
  • The number of popular items (TVs, Laptops, iPads) up for auction
  • The number of bidders currently online
My last tip has nothing to do with time but more with strategy. One way to get ahead of your competition is through more bids. The more bids you place the higher the likelihood that you would win.  Take advantage of coupon codes and discounted bids. The penny auction site, HappyBidDay, often has promotions for discounted or free bids. They also give all new customers 50 free bids at registration. Another great place to buy cheap online penny auction bids is Penny Auction Coupon and Penny Auction Promo.
Related Posts Plugin for WordPress, Blogger...
Penny Auction Strategies and Coupons for: Quibids - BidRivals - Bid66 - FooPile - BidsOMax - Fezaz - Pointnbid - BidSell - Ultimate Penny Bid - Scoreluxe - LuckyChic - BeeZid - BidPigs - Penny Auction Coupon