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.

Quibids Badges - Review and Explanation

Earlier this year Quibids introduced a new form of customer achievement called "badge." These Quibids badges rate customers on their skill and winnings. Customers can use their badges to show off their achievements on Quibids.com. The badges also give Quibids customers free bids. There are only a few ways to earn free bids on Quibids so I suggest you take advantage of every opportunity.

To read about winning free Quibids bids through the Quibids Facebook campaign click here.

How do you earn Quibids badges? There are multiple ways to earn badges. Typically you are given badges for completing specific activities, tasks and reaching achievements. Currently there are a total of 19 Quibids badges that bidders can earn. Each badge is associated with a free bid value. The free Quibids bids range from 15 bids to 1 bid. In total, if you earn all 19 badges you can receive 117 free bids! Below are a list of the badges currently offered.

• Big Prize Badge: 15 free bids
• Game Day Badge: 15 free bids
• Bid Voucher Cycle Badge: 15 free bids
• Paparazzi Badge: 10 free bids
• Big Spender Badge: 10 free bids
• Top Recruiter Badge: 10 free bids
• Win in 1 Badge: 7 free bids
• Birthday Badge: 7 free bids
• Iron Man Challenge Badge: 7 free bids
• Trifecta Voucher Challenge Badge: 5 free bids
• Super Bidder Badge: 4 free bids
• Rock the Bid Badge: 3 free bids
• Scrooge Badge: 2 free bids
• Plastic Surgery Badge: 2 free bids
• 100th Bid Badge: 1 free bid
• Mr. Roboto Badge: 1 free bid
• Training Day Badge: 1 free bid
• Beginner Badge: 1 free bid
• More "Bid" Kombat Badge: 1 free bid

What is Quibids? What is a Penny Auction?

What is Quibids? Quibids is one of the largest penny auction sites in the US. To understand Quibids you must first understand penny auctions.

I am going to first explain what a penny auction is. Most of you are familiar with a traditional auction. An auctioneer will lead the auction starting at a specified price and the person to bid the highest price on the auction wins. Penny auctions are similar to a traditional auction, where items are purchased through a bidding system. A penny auction is an online auction where bidders make bids in increments of one cent with every bid raising the price of the item by just one cent. Unlike traditional online auctions, bidders must pay for bids or bid packs. At Quibids each bid is $0.60 each and are sold in incremental bid packs. To view Quibids prices click here. Also unlike traditional auctions, penny auctions are timed. The last person to place a bid is determined the winner of the auction. The timed auction concept is very similar to the online auction model of eBay. However, unlike eBay, online penny auction sites increase the auction time with each bid placed. Penny auctions are unique to online auctions like eBay, in the price of a penny auction starts at $0.

Why shop online penny auctions like Quibids? Many people are attracted to penny auctions because of the tremendous savings they offer on brand new products. Penny auction sites offer electronics, computers, household items, gift cards, toys, tools, jewelry, event tickets and more at rates as low as 5% the retail price. It is not atypical to see people win auctions on penny auction sites for as little as one penny. Much like a traditional auction, there is a possibility of another bidder bidding on the same item that you are. However, this is the thrill of the online auction game. You can view my Quibids Strategy tips by clicking here. Many people are attracted to penny auctions for the thrill they receive during the bidding process. Penny auctions have an advantage over other auction sites like eBay because all items are brand new and from a trusted source. Quibids sells hundreds of brand new items every day including electronics, computers, tools, toys, home goods, fashion items, gift cards and more.

To read my 5 step process on how to participate in penny auctions please click here.

To contact Quibids click here.

How to Win on Quibids

If you haven't checked it out yet, I would definitely recommend the Quibids 101 section on Quibids.com. This is a very informative FAQ section for Quibids.com customers or any penny auction lover. Quibids even features special Quibids strategies for winning penny auctions on their site. I think Quibids is the best penny auction site. To read my review on Quibids.com please click HERE.

Below is Quibid's very own strategies on how to win on Quibids.

Source: Quibids.com

So how do you up your chances of winning an auction?  As we have researched and examined thousands of auctions that have been conducted on QuiBids, we have learned several things that can increase a person’s chance of winning an auction.  The first main thing that we have learned is:

The QuiBids customers that win the most auctions are the ones who spend the most bids in their pursuit of winning.

Most people’s first question after learning this is, “How are they able to confidently spend so many bids?  Isn’t it possible that they will just lose all that money?”  The answer to this question is actually fairly simple and it is related to the second main thing we have learned about winning an auction.

The QuiBids' customers that have the most success are the ones that are willing to exercise the “Buy it Now” feature if they do not win the auction.

The customers who are the most successful at QuiBids are the ones who pick out products that they would be willing to pay full retail price for.  Then they bid on those items for a chance to win them far below retail price.  As a result of their willingness to go all the way they usually have a very high chance of actually winning the item.

The QuiBids customers that have the least success are the ones that have unrealistic goals and are unwilling to pay more than a small fraction of the actual retail cost of an item in bids.

Even if you are unsuccessful in winning an item, you can still apply any of the bids that you have used towards that item and still buy it for a price that is comparable to what you would pay at a local retailer.  It is a fun and risk-free way to do your holiday shopping.  However, many customers don’t ever consider using the “Buy it Now” feature.  Instead, they are interested in spending $20 trying to win a $1500 Apple Macbook.  Although it is possible for someone to win the Apple Macbook with $20 in bids, it’s highly unlikely.  This is an unrealistic expectation that certain customers have.  We encourage everyone to set a realistic expectation of how much time and financial investment is necessary to win a big ticket item.

To Recap

• Pick out the items that you would like to purchase for yourself or give as gifts
• Set some personal goals for how many bids and how much time you are willing to invest in an auction
• If you fail to win the auction, exercise the Buy it Now feature and purchase the item at value price