Promotion at IGotThisCheap

There is a new promotion at the penny auction site, IGotThisCheap. They are running a 500,000th bid promotion. The lucky bidder to place the 500,000th bid on the IGotThisCheap site will win a $100 gift card.

To visit IGotThisCheap please click HERE.

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Bid66 - Penny Auctions

Below is a Penny Auction Site Review for Bid66.com 


Website:

Bid66

www.Bid66.com

Prices: ($0.50 per bid)

20 bids - $10.00

40 bids - $20.00

100 bids - $50.00

200 bids - $100.00

500 bids -$1,000.00

Auction Features:

-Reward Store

-Set bidding hours

Contact Information:

Email: Support Email

Phone: 1-800-692-0466

Bid Penny Review:

Site: 8.0 / 10

Customer Support: 9.5 / 10

Products: 9.1 / 10

Comments: "Come Get Your Kicks From Bid66." Bid66 has a nice site, however you can only bid during specified hours. The hours of operation can be looked at as both a positive and negative. The site offers a varity of unique products. Bid66 is easy to contact via email or phone.

Private Auctions - FAQ

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.

Ten Tips for Winning Penny Auctions

1. Don't bid on an auction that has several hours left. You will get outbid. Instead, bid when the item has 5 minutes or less. Usually I wait until the auction has less than a minute left.
2. Don't bid on an auction just because no one else is. Odds are there are 50 other people watching that auction too.
3. Bid only on auction that offer a "buy it now" option. If you don't win the auction, you don't necessarily loose your money because you can apply your bid dollars to buy the item.
4. Per #3 above, only bid on items that you actually want to buy. If you are just bidding on the auction because you think it's a good price you are only short changing yourself. Bid on items that you are willing to buy using a "buy it now" option.
5. Don't confuse penny auction sites with eBay. You are paying for each of your bids, spend them wisely.
6. The best time to bid is early in the morning when people are getting ready for work. There are still a number of bidders on penny auction sites at 2:00 and 3:00am. Penny auction sites attract night owls, play in the morning instead.
7. Don't spend more than the product is worth. This is simple but must be said, don't spend $40 in bids on a $35 item.
8. Earn free bids. Most penny auction sites offer free bids if you refer your friends or write a blog post about their site.
9. Don't gamble. Don't bid on items just to win. Some consumers bid on items just for the rush of winning after a loss. Avoid this.
10. The more bids you buy, the more you save. Most sites offer bids at a cheaper rate if you buy in bulk.