Penny Auctions - Past, Present and Future

I am sure most of my blog readers are just like me. I have been following and shopping on penny auction sites for two years now. I have seen a lot in the past two years. The industry started small with companies like Swoopo, BidCactus, Quibids, and more. Then it grew so fast in 2010 with seriously over 300 new penny auction sites. With a tough competitive market hundreds of penny auction sites went out of business in 2010 also. You can see this list on my closed sites tab. During 2010 sites grew in populatrity. Websites like Quibids sold thousands of items a day. Some customers imbraced penny auctions while others thought these sites were a scam. Now with several sites having lawsuits including Quibids and others, what is the future of penny auctions? Will penny sites be federally regulated? I love these penny sites and I hope they stick around. Some will continue to go out of business but the strong will remain. I hope the government does not regulate the penny bidding sites. Let the invisible hand regulate them. Customers can determine who stays and who doesn't depending on where they shop. These bidding sites will still continue as they offer deep discounts where you can buy electronics, Apple products, concert tickets, gift cards, and more for just pennies.

New Bid66 Coupon For St. Patricks Day

I have a brand new coupon code for Bid66 for St. Patricks Day. May the luck of the Irish be with you on your auctions at Bid66.com. The coupon code is: shamrock The code ends on the 18th so hurry!

Fezaz Coupon Code!!!! 20 Free Bids!

I have a new penny auction coupon code for Fezaz.com.

The code is: BIDPENNY and is worth 20 free bids.

You don't see too many coupon codes for 20 free bids so make sure and use this one. In order to use this coupon code you must enter the code at registration. You will also receive 10 free bids for signing up. Thus, you will get a total of 30 free bids at Fezaz using the coupon code BIDPENNY at registration.

To view more coupon codes visit our coupon codes page by clicking HERE.

Changes to BidFire - Temporarily Closing

BidFire announced on their blog yesterday that they will be having a new phase to BidFire. They will be slowing down their current auctions to phase themselves out in order to rebuild and restructure the "new" BidFire. Their site will be temporarily closing until future notice. Personally, I have seen a lot of penny auction sites do this. They close their site to reformat and rebuild. However, these sites never return. I really hope this is not the case with BidFire. I really like BidFire's site. The last auction on BidFire will be on Sunday so hurry up and use your bids. Auctions will now only run nightly starting at 5:30 PT. I don't really feel like this gives many people enough time to use all their bids but at least BidFire has given some warning unlike most penny auction sites that close.

BidFire will offer customers to try the Beta version of their new site. If you are interested email support@bidfire.com.

If you would like to read more on BidFire's blog please click here.

New Penny Auction Site - BidBidSold

There is a new penny auction site in the US called, BidBidSold.com. These penny auction site is similar to rest but does have some unique aspects. The site has a clean look and to me has the same colors and text as google The site offers a "Daily Deal" with a fun new deal every day.

BidBidSold has a three different types of online auctions:
1.) Traditonal Penny Auctions
2.) Free Roll Auctions
3.) Exclusive Penny Auctions

With free roll auctions, bidders will be given a designated amount of bids per auction for free. There are 2 types of free roll auctions: Red - are for all registered users. This gives you the opportunity to win without spending money on bids. Green - are exclusively for customers that have purchased a bid pack within 3 days of the auction giving them preferred status. Winner is responsible only for the closing amount of the auction. Shipping is free!

With exclusive penny auctions there are a limited number of slots available, usually 10. Bidders allocate 10 - 15 bids to the auction (according to the pre set amount shown for that specific auction.) Once the slots are filled, the bidders will receive an email stating that the auction will start and only those bidders who have allocated bids can participate in this auction. By limiting the number of bidders, your chances of winning increases.

For more information on BidBidSold please click HERE.