Penny Auction Winning Tips

To excel on penny auction sites like Quibids, HappyBidDay, BidRivals, Bid66, Pointnbid and more you need a little bit of luck and strategy. You won't necessarily win your first auction. Penny auctions take some practice. Don't waste a bid on an auction when it has several hours left on the timer. Most bidders wait to bid in the last 5 minutes of the auction. Watch other auctions on the online auction site before you bid on an auction. Take note of the following:
1.) Ending auction price of previous auctions
2.) Number of people bidding
3.) Amount of auctions
4.) Time in your time zone and others

When taking note of the ending auction price of previous auctions look at the recently won auction page. Most penny auctions have a page that displays recently ended auctions. If you have an eye on a particular item see if it is on a winners page and how much the item sold for.  Lets say you are looking to bid on a iPhone. If the iPhone recently was won for $2.35 don't start bidding until the auction is at least $1.50. This will save you some bids.

You can also roughly determine the amount of people on the online auction site if it is a small site. Most sites have about 10 auctions running at a time. Click on each auction and you can see the amount of people bidding. You can take note of the people on the site during different periods of the day. Determine what time of the day there is the least amount of people. The less competition the more likely you are to win. Most penny auction sites have less people from 2 am - 10 am. But also take note of other time zones. 7 pm in the east coast is only 4 pm on the west coast.

Bid66 Coupon Code

The penny auction site Bid66 changed their launch date to Monday September 19th at 6:00 PM EST. With their grand opening they will have TONS of auctions including electronics, Apple products and gift cards. My BidPenny blog has a special exclusive for all that want to participate in Bid66's grand re-opening. Each new customer gets 5 free bids for registering on Bid66. However, if you use the coupon code: BIDPENNY you can also get an additional 5 free bids. That is a total of 10 free bids! Please take advantage of this penny auction promotion code! For more details visit Bid66.com and also make sure to check out their auctions tonight to prepare yourself for their grand opening tomorrow.

Bid66 Relaunch Celebration

The moment that we all have been waiting for is almost here!!! On Wednesday September 14th the new and improved Bid66.com website will relaunch. The site has been down due to redesign and construction for the last 2 months. The new Bid66 site has a fresh new look and is easy to use. The new Bid66 site has similar features to the popular penny auction site Quibids. However, Bid66 will offer even better deals than Quibids. The new Bid66 site will give customers free shipping on all gift cards. Whereas so penny auction sites like Pointnbid and Quibids charge for shipping on gift cards. Don't fight the crowd on Quibids go to Bid66!!! On Wednesday Bid66 will be auctioning gift cards to your favorite stores, restaurants and hotels. The new Bid66 site will also be open 24 hours a day 7 days a week. Make sure and stop by Bid66.com on Wednesday to receive free bids for their grand opening celebration.

Beginner Auctions On Speedy Finger

Beginner auctions are a terrific advantage for those new to penny auctions. Several online auction sites like Quibids, BidRivals and Speedy Finger offer beginner auctions. Beginner auctions are available for any new member to the site who has not yet won their first auction on the site. Beginner auctions typically have lower ticket items ranging in value from $5 to $50. These beginner auction items usually are bid packages and gift cards. At Speedyfinger.com look for the "B" icon to know that the auction is a beginner auction. Currently SpeedyFinger is offering beginner auctions for bid packages. This is a great way for those new to penny auctions to start. With beginner auctions you have less competition as you are only bidding against people of your skill set (new to penny auctions). Winning bid packages is also great because it gives you an opportunity to play again and increase your skills. 

Quibids Passes Internal Audit

This week the nation's leading online penny auction site, QuiBids.com, has completed and released the results of its internal controls audit. The decision to have an internal audit was made by Quibids in order to put current and future customers at ease. QuiBids subjected itself to an internal controls audit with Grant Thornton earlier this spring.  CEO Matt Beckham believes the release of its internal control audit will help to assure consumers of the business standards QuiBids has set for the entertainment retail auction industry.

QuiBids is the first entertainment retail auction site, however, some customers are concerned that automatic bidders and shills are being used on the site.  The internal controls audit completed by Grant Thornton states that “QuiBids maintains effective controls to provide reasonable assurance that bids are placed by bona fide users and does not manipulate the bidding process to inflate the bid price or affect who wins the auction (no use of bots, shill bidding or bidding by employees)”.  Thus, no shills or automatic bids placed by Quibids itself exists on the site. Also asserted is that QuiBids ships products to auction winners and to those that use the popular “Buy Now” feature on the site.

The entertainment retail auction industry offers consumers the chance to get new popular products for deep discounts while having a fun and entertaining experience.  When a consumer chooses to participate on QuiBids, he or she can rest assured of the integrity of the site.