Quibids Report - How to win on Quibids

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Showing posts with label how penny auctions work. Show all posts
Showing posts with label how penny auctions work. Show all posts

Wednesday, February 2, 2011

How Penny Auctions Work


Playing on penny auctions is a thrilling and enjoyable experience. While on playing in penny auctions you will experience excitement for our products, the thrill of the timer and the rush of a win.  As soon as you enter our site you will see dozens of items that you may wish to bid on. So how do you play on our online auctions?

We would like to simplify the penny auction process into 5 easy steps:
1.) Register
At most online bidding sites, you must first register. Most sites have a simple and quick registration process. You can also get free bids when you register as a new user at penny auction bidding sites. Sites give you anywhere from 1 - 10 bids upon sign-up. At Bid66 you get 10 bids when you register. At Quibids you will get 3 bids when you register. Every site is different.
2.) Purchase Bids
To participate in online penny auctions you will need bids to take part in the auction(s) of your choice. Most sites offer a variety of bid packages at great prices. For penny auction bid pack pricing for multiple sites including BidFire, Quibids, BidPigsBidRivals and more please click here.
3.) Bid on Products
I recommend taking some time looking over the several auctions we have to offer. Often, there might be multiple auctions that you would like to participate in. To bid, all you need to do is click on the bid button. Clicking this button will place one bid on the auction in your name. The bid will also deduct one bid from your bid bank. Some sites have 2 cent auctions, 5 cent auctions and 10 cent auctions. For those auctions, the price will increase by 2, 5, or 10 cents instead of just one penny. After you have placed a bid on a penny auction, you can just sit back and watch the timer. If someone places a bid on the auction after you did, the time will increase. If no one else places a bid and the timer runs out you won the auction! There are several different strategies to win a penny auction. To read my blog post on How to Win on Quibids click here. Also for BidFire winning tips and strategies please click here.
4.) Purchase the Product
Most online bidding sites offer multiple purchasing options. However, in most cases you will see PayPal as a payment option. Some sites charge shipping and some ship for free. Make sure and look into the penny auction site's shipping prices before you begin bidding. Some site also offer a Buy It Now option. With Buy It Now you can apply all or a % of the bids used towards the purchase of the product at full retail price. The % of money you can apply is also dependent on the penny auction site you are on.
5.) Enjoy your winnings
Most likely if you won on the penny auction site you got a great deal. You can take advantage of that great deal by doing video, photo, or written testimonials. Almost all penny auction sites give customers free bids for sending them a testimonial.

Friday, December 24, 2010

How Penny Auctions Work

Most penny auction sites follow the same three basic steps: purchase bids, bid on items, win products. Below is an outline on how penny auction sites work. Most sites have bells and whistles that include auto bidders, buy it now, beginners auctions and more.

1.) Purchase bids


Cost:
The cost of a bid bundle varies site to site. Most sites do not allow you to see bid packages without signing up first. Below are an example of packages and prices.

Bidrodeo.com:
50 bids - $37.50 ($0.75 a bid)
100 bids - $72.00 ($0.72 a bid)
200 bids - $140.00 ($0.70 a bid)
500 bids - $340.00 ($0.68 a bid)
800 bids - $500.00 ($0.62 a bid)

Quibids.com: $0.60 a bid
75 bids - $45.00
80 bids - $48.00 (starter pack)
300 bids - $180.00
500 bids - $300.00

Bidcactus.com: $0.75 a bid
30 bids - $22.50
50 bids - $37.00
100 bids - $75.00
250 bids - $187.50
500 bids - $375.00

Bidblink.com: $0.40 a bid
30 bids + 20 bonus bids - $19.98
70 bids + 30 bonus bids - $39.98
150 bids + 50 bonus bids - $79.98
420 bids + 80 bonus bids - $199.98
1250 bids + 100 bonus bids - $49.98 ($0.37 a bid)

Swoopo.com: $0.40 a bid
40 bids - $24.00
75 bids - $45.00
80 bids - $50.00
150 bids - $90.00
400 bids - $240.00
1000 bids - $600.00

2.) Bid on items (auctions)

Most penny auction sites divide auctions into beginner, intermediate, and advanced auctions. This helps new customers compete in auctions among their piers. Most sites also guarantee that if you are a new customer you will win at least one auction.

3.) Win Products
Each site sells varying items but you can usually find the following:
-TVs
-Cameras
-Video Games
-Kitchen equipment
-Board Games
-DVDs
-Perfume
-Purses
-Outdoor gear
-Vacuums
-Kids items
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Penny Auction Strategies and Coupons for: Quibids - BidRivals - Bid66 - FooPile - BidsOMax - Fezaz - Pointnbid - BidSell - Ultimate Penny Bid - Scoreluxe - LuckyChic - BeeZid - BidPigs - Penny Auction Coupon