Facebook Promo for Bid66.com

Bid66's fan page on FACEBOOK is having a promotion. The page currently has 73 likes and once it reaches 100 fans it will release a new coupon code. This is a great deal. The coupon code will be for 5 free bids. As most items on Bid66 are selling for so cheap (around $0.25) these 5 free bids could really help you win an awesome gift card or electronic. Make sure to like the Bid66 fan page and tell your friends. Just 27 more likes to reach the coupon code. To like the Bid66 fan page visit: http://www.facebook.com/pages/Bid66-Penny-Auction/156705827704771

To Spend a Bid or Not Spend a Bid?

I've been watching a lot of auctions lately on Quibids and the penny auction site Bid66 lately. I've been paying close attention to winning penny auction strategies of different players. There are multiple strategies used on many entertainment shopping sites. Such as:

1.) Immediately placing a bid right after another person over and over to intemidate
2.) Not placing any bids until the last few seconds of the auction, hoping to "snake" the other person

Both of these strategies can work but there are definitely cases where one is better than another. I think on Bid66.com strategy 2 (waiting to bid during the last 5-10 seconds) works better. This bidding strategy is better as there are less users on Bid66. Lately, I've seen auctions end at lower than $0.25. Often auctions are won for just $0.06 or $0.07.

On Quibids.com, penny auction strategy 1 (placing multiple bids) works best. Quibids has multiple users and bidders on every auction. You need to stake your claim on an auction in order to win on Quibids.  For more penny auction strategies read my blog post: Penny Auction Strategy Winning Tips

Spend Less Bids and Win More on Quibids Using QuibidsReport.com

I am always looking for a competitive edge on the world's largest penny auction site Quibids. More often than not I spend several bids on a Quibids auction and the auction is won by another bidder. There are theories and penny auction strategies that I have shared on BidPenny. However, a theory and strategy can only get you so far, especially with no data to confirm your theories. The website QuibidsReport.com is a HUGE aid to help bidders spend less bids and win more often on Quibids. 

Registered users of QuibidsReport.com are given access to auction databases. Some of the data provided includes:

• Best time of day and day of week to bid on Quibids (item specific)
• Auction ending prices of particular auctions
• Minimum and maximum sales price by product
• List of the easiest and hardest items to win
• Price point strategy using percentage quartiles
• Average auction ending price by day and by hour

The data used on QuibidsReport is updated several times a week. The QuibidsReport interface is very easy to use. Each auction is listed in alphabetical order. All you have to do is find the item you want stats on and BOOM you have statistical data to back up your Quibids winning strategies. QuibidsReport's auction descriptions give auction ending price data in easy to read graphs and data tables. The graphs make it easy to visually see the peak times to bid and the best auction price. I had to try QuibidsReport's stats for myself. I really enjoy the stats regarding the auction's average auction ending price by item. This helped me determine when I should start bidding on a particular auction. I choose an item that was recently ending on Quibids and I bid using their straddle method and won the auction in only 3 bids!


To join QuibidsReport.com all you need to do is register. Registration is just $6.99 a month. If you are not satisfied with your results you can cancel your subscription at any time.

New Penny Auction Site - WickedBidder.com

I came across a new penny auction site WickedBidder.com through PennyAuctionCoupon. Today only PAC is selling discounted bids for the new site WickedBidder. You can purchase 25 bids for only $5!!! This is a 73% discount on top of the discount that you may receive on Wicked Bidder's penny auctions. Just at first glance, I really enjoy the site. I love that their theme has the colors purple and black. It seems like every other online auction site is ripping off Quibid's blue and white theme. It is refreshing to see some different colors. The penny auction site offers so many unique auctions that I have never seen on any other site. For example, they auctioned a container of Red Vines!!! How crazy is that? It's cool though. Their timers are also a little different from other sites. If no one bids within the last 2 minutes the clock adds another minute. Thus the timers cycle between 1-2 minutes left in the auction if there are no bids. Bids can be purchased on WickedBidder for $0.70 - $0.75 each depending on the size of the bid package purchased.

Review of the New Bid66 Site

As most of you already know Bid66, the premier penny auction site, has relaunched. I was very excited for the site's relaunch as it is one of my favorite penny auction sites. Just the look of the site has improved drastically. The new site has a clean and fresh look. The old Bid66 site was fairly easy to use, but their new site is even easier. Their old penny auction site sold mostly products but no gift cards. The new site primarily sells gift cards and electronics. To keep consistency the site still offers free shipping but only on the gift cards. Other electronics can be shipped for $5 or $10. As the site is new, there currently is less competition. Take advantage of this! I've seen gift cards sell for $0.04 and a blu-ray player sell for $0.20. As an appreciation for Bid Penny readers, Bid66 has given me a coupon code. Use the promo code: BIDPENNY for 5 free bids on the Bid66 site. New users will also receive 5 free bids at registration. Thus using the coupon code new users will get 10 free bids! This is a $5 value for free on top of all the great gifts you can purchase for just pennies.