How do penny auctions work ?

Unlike traditional auctions, with penny auctions the price of the item will increase by $0.02 every time a bid is placed. In order to participate in a penny auction you must buy bids, don’t worry they go cheap. Bids are sold in packs, a 100 bid pack giving you the opportunity to win 100 times. When there are 15 seconds left, every time a bid is placed the timer will reset allowing other user(s) to place a bid; last wins the item. This is perfect if you are looking for an exciting online shopping experience and amazing deals on brand new, branded products such as iPhones, iPads, laptops, digital cameras, game consoles and much more. For a detailed explanation on how penny auctions work see the wikipedia.

How to win penny auctions

Penny Auction

Hello ! My Name is Fred and over the last 3 years I did all my shopping on different penny auction sites and now I am actually earning a nice part time income every month by selling the items I win for quick profit. It wasn’t always like this, I had some loses, it’s true, but now I know the process inside out. If you follow my penny auction strategy you will win 99.99% . Start off with this site, Beezid, I’ve been using this one for a while, it’s very easy to win here.
Click here to get free bids. USE CODE: MAXBID

1. Internet Connection

Head over to bandwidthplace.com and do a quick test to see how fast is your internet connection. If your download speed is lower than 256KBps it’s not good, anything over 512KBps and you are ready to GO ! Going Once, Going Twice..SOLD !

Internet Speed

2. Register and Pick a Username

Choosing  a username is not as easy as it sounds. My user name is CLOSED :) ..you will not believe how many people back off from the auctions I bid on just because they think the auction is closed. This is what I like to call a sneaky username, however there are 2 types, each chained with a specific winning strategy:

  • Intimidating: Username is a reflection of your personality and your play style, it will make people think twice before bidding against you. Pick a confident dominant powerful one like “WithoutLimits”, “YOU_WILL_LOSE”, “WontStop”, “Igot5000Bids” etc. Who is in control here ? “YouAlreadyLost” or “pennyboy12″ ?
  • Sneaky: This is the smart approach. “BID  CLOSED”, “ITEM GONE”, “PRIVATE AUCTION”, “ENDED”, “AUCTION DOWN” etc. If they realize your dirty trick you won them anyway, Oh wait a minute I am not bid gambling with the average Joe here, this bidder is clever.

3. The Perfect Penny Auction

After you got your bids don’t run to the first item you see and start bidding like a no-brainer, that is plain stupid. You must analyze the board for at least 20-30 minutes ! The key point here is that you must spot the noobs because they are very easy to beat; an experienced penny auction player may have 5000 bids available and you don’t want want to throw your money away on more bids, do you ? Newbies are very easy to spot, they bid on multiple auctions ( aka 10-20 bids on an item and then jump to another) or you see their names on penny auctions that are not yet live. 

  • Rule number one: You need to focus only on one auction and make sure there are only 2-3 players in the game.
  • Rule number two:  Pick a penny auction on row 2,3 or 4. Don’t go row 1 , Not Now Not Ever ! All the auctions from row 1 to 4 are live and have a reset time but on the first row 3 times more people fight to win. The reason behind this is simple, involuntary subconscious decision, just because the auction is first on the page doesn’t mean it will end and you will never have a chance to bid, this is not eBay;
  • Rule number three:  If an auction has reached $30 do not bid; Usually people fighting here are power bidders who sometimes spend more on bids than the actual cost of the item just to gain a reputation.
  • Rule number four: You DO NOT talk about FIGHT CLUB :P

4. Time of the Day

IT DOES NOT MATTER ! I did a lot of research on this. According to Internet Traffic Report between 4:30 AM – 6:00 AM EST (Eastern Standard Time) traffic drops big time in USA but only 26% of Bid Here’s traffic comes from North America according to Alexa’s demographics.  So don’t do crazy things like wake up at 3:00 AM in the morning to win stuff, I did that a lot of times, it’s not working and it’s not funny.Penny Auction Strategies

Intimidating

Intimidating StrategyThe fastest way to get your hands on something is by applying this technique but you need the 100 bid package. If you buy a lower package you will risk losing your money. The trick here is to bid irrationally when you actually bid very rationally. All the penny auction bidders wait until last second to place their bids. Can you please tell me what is the difference between waiting 15 sec to place your bid and bid the second you get out-bided ? it will reset the time anyway and show you as last bidder ! it’s not like if you bid in the last second you will win..so again an involuntary subconscious decision made. OK ..so let’s say B1 and B2 fight over an item. B1 has 8 bids left and B2 has 3 bids left. B1 doesn’t wait till last second while B2 does wait. Who will win ? Imagine how easy you can manipulate the persons who bid against you as long as they think placing a bid in the last second will result in less chances of another bid being placed by someone else, fourth grade psychology will work, trust me.

If you apply this technique, which I highly recommend if you don’t have time on your hands or you are in just for a few wins, not to make profit, you are at war with the bidders not with the penny auction system. So pick up an intimidating name, choose the item you want and start bidding like crazy. The second you get outbided BOOM , you strike ! not one second later, This is my item ! You can’t mess with me !. Don’t expect them to run right away but they will back off eventually. From my experience, it will cost you around 20-50 bids to scare them and make them think you are a hard core player, after that it’s your game.  Congratulations !

Sneaky

Sneaky Strategy

IMPORTANT UPDATE: This strategy no longer works. It used to work back in the days there were only 3 bid packages available for purchasing and no free bids or coupons. The intimidating strategy still works great!

This strategy is very time consuming and here you are exploiting the system. The idea behind this is simple, you must count the bids and determine which bid package each of the penny auction participants have. You need to wait for the current players to run out of bids and start the counting on the new players.  At one point you will know how many bids each the new players have left. etc etc etc.

Register on Beezid, Follow this guide and WIN ! Free Bids >>> click here. USE CODE: MAXBID

{ 35 comments… read them below or add one }

jeffrey March 29, 2011 at 11:04 am

Fred, you my friend ROCK ! I won an iMac 21,5″ with only $112.50 spent on bids, I still can’t believe it ! $50 donation from me once I get my pay next week. Thanks a LOT buddy !

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Fred April 2, 2011 at 5:01 am

Thank you for the donation mate. enjoy your iMac.

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jaws April 12, 2011 at 6:04 pm

if you bid, and loss do you get your bids back or are they gone??

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Albert August 20, 2011 at 11:05 pm

No, unless there’s some kind of deal going on.

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Fred August 23, 2011 at 11:46 am

You have a buy now option that allows you to use the bids you have spent + the difference of retail price so basically you have nothing to lose. Most of the auctions have a buy now option, when they don’t have a buy now option an icon with No ‘Buy Now’ will be displayed.

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Mark April 26, 2011 at 12:26 am

Thanks for sharing superb information. Your web-site is very cool. I am impressed by the details that you have on this site. It reveals how nicely you perceive penny auctions. Bookmarked this web page, will come back for to check on your soft. You, my friend, ROCK! I found just the info I already searched everywhere and simply couldn’t come across. What a great website.

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Ambie June 24, 2011 at 3:08 pm

Thank you, I finally found a website that is useful and free :)

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M August 17, 2011 at 6:16 am

Hi, thanks for sharing your info. I have gift cards and Bonus points etc. I got really ripped of the first penny auction website. These guy’s where over in England somewhere. Moved on to Quibids….besides Gift Card ..like 7 of them nothing and I lost money buying more points. Just like on the Casino floor..LOL
Moved on to Deal Dash . com But that side is so boring (its more fun watching the grass grow). Did not lost anything, cause if you have lots of time and keep bidding you get points back. I there beat me to the punch for the I pad which sold for $184 = 18.400 bids!!!!
Just insane. I placed a few at night then went to bed, the next day there are still going!!
I am not sure that Bidhere . com is the same outfit than Deal Dash. The front page looks the same just with different name.
Once I signed up on Deal Dash you get actually redirected to the auction pit…and there ONLY have 4 live auctions going on every 30 min.

So I need to take my business elsewhere , looked into Beezid . com. From the outside they look pretty sophisticated.

I’ll keep you posted.

Till then…happy bidding

M

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Fred August 17, 2011 at 12:11 pm

M, you have to stay with the big boys to win. Deal Dash are time wasters, it takes days to win something. Beezid is awesome, try it !

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Hanna Go April 23, 2012 at 9:52 pm

Hi, awsome information sharing. How do you think of zeekler.com? What’s your opinion on the site and its zeekrewards system? Thanks!

Hanna

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Meaghan September 14, 2011 at 3:35 am

Hi, I have been Looking at penny auctions for a few weeks but I am scared of getting ripped off. Originally I only wanted a MacBook but now I am also interested in the gift certificates. They seem too good to be true and I am worried that they will have no money on them. Do you know if that happens sometimes?

P.S.
Whenever I try an auction I will be using all of your tips, thanks!

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Jeremiah September 28, 2011 at 2:50 am

I have been with another penny auction site, I won’t give names, for a little while now, although I’m not sure that is a site I am going to stay with, I can tell you that the gift cards you win are legit. I have won over $150 worth so far and every single one has had the exact amount that I won loaded on it. If you stay with accredited sites you shouldn’t have many issues.

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Jefferson September 26, 2011 at 8:07 pm

So i signed up for bid here and did not buy any bids, but they give 1 bid already, and with that 1 bid i won 20 more! thanks!

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Victoria November 28, 2011 at 4:58 am

Thanks for the tips. BTW the offer on the page is now for 40 free bids with your first bid purchase. With your tips I won my first auction, using the 5 of the free bids, and I won a pack of 20 bids. Thanks so much!

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Krupa Desai December 3, 2011 at 8:12 am

I recently signed up for deal dash.com and i just won like a 10 dollar gift card, but it seems that people bid forever on things that i actually want like iPads and stuff. I really want to buy an iPad for my mom because i know she can’t afford to buy one, could you please help me?

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Curt Miller December 5, 2011 at 9:35 am

Great info here, and I never thought of “closed” or “ended” as a username… ;–)

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Karen January 13, 2012 at 3:45 am

Thank you! I am truly a noob and I think that I will continue to come to this site to be further de-noobified!

Then I will finally buy some and bid for bids.

HEY! Where can I get some durable appliances? I need a stove and an oven.

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Rachelle January 13, 2012 at 3:52 pm

Hi Fred, Great info!! I have been on Dealfun and Quibids and won quite a bit of stuff..For others information Dealfun has not shipped any of the items I won (won them for Christmas gifts..never received..so had to threaten them and they have reimburesed me for the majority of $ spent) but my question is…You say if the item goes to $30 stop bidding.. How do you win against a pro then? I have stayed up many nights, ALL night going back and forth with one person, just to pull back for one second and not win.. so when going for a large item, a TV or computer or something as such.. when do you say enough is enough.. I just keep buying bids …I read on one of the sites that unless you are willing to spend 1/3 of the price of the items worth..dont get into it. what do you think?? when do you stop?? Thanks !!

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Fred February 7, 2012 at 1:26 pm

All I’m saying is to stay away for auctions that have reached a price bigger than $30. Usually bidders that are participating to those auctions take it as a personal bidding war and are willing to spend more than the item price on bids just to win.

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Tristan Schuerhaus January 28, 2012 at 10:16 pm

What penny auction site do you recommend for someone based in Canada, as Beezid is a US site?

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Tristan Schuerhaus January 29, 2012 at 12:53 am

nvm theres a canadian version of it lol..

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Ricardo V. February 8, 2012 at 7:51 pm

Fred you have very useful info. I was wondering if you have heard marker bids, its a paintball penny auction. They don’t have a buy it option.

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Mandy February 11, 2012 at 7:26 pm

I am a complete n00b and wanting to get into this. is it truly possible to win an imac, ipad or sweet camera or something for very little cash? i’m a student so i can’t be blowing money. Have you actually won any big ticket items? if so, what?

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forthewin February 19, 2012 at 9:04 pm

thank you

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Sue March 3, 2012 at 6:33 am

Thanks, with your info I signed up Canadian site and with 1 free bid won 20 more then 2 bids there and 20 more. I will watch and get a feel before I purchase bid packs but you get 40 free with purchase. Do you happen to know if that expires?

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Karyn March 3, 2012 at 6:23 pm

Hi Fred,

So glad to read these tips as I have been wanting to try this but scared of losing a lot of money. What is your experience with Zeekler? I signed up to do the biz side of it but not sure about the quality of the actual auction site. Want to try Bidrivals but am afraid you will be there! lol Wondering if there is a sniping app like on ebay. Thanks for this info!

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Tanner April 3, 2012 at 2:53 am

Hey I’ve seen and heard alot online about this website bidrivals.com I was wanting to know do they really deliver your product once you’ve won. I’ve heard a bunch of horror stories about people that paid for bids and auctions won but never received anything. They’re saying they can’t get any customer support either. What are some LEGIT auction sites that actually deliver. Can anyone here testify for this site delivering??

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LoveMe May 8, 2012 at 9:40 am

Has anyone hear or use Zeekler before?. I know they give free bids for new member to use. Thanks Fred for this article. I stumble to your website. I am a newbie to penny auction and need all the info I need to enjoy my bigs.

Thanks mate! Will bookmark this page now.

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Fred August 31, 2012 at 10:05 am

Zeekler was a scam, I hope you didn’t fall for it. They used the Ponzi scheme.

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Melanie June 8, 2012 at 11:51 pm

Hi, Fred.

I’m trying to get started in the penny auctions, but I can’t get on the website for bidrivals.com. Any comments? (By the way – thanks so much for your website – you are a great man to do this for others!)

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Fred August 31, 2012 at 10:03 am

BidRivals is not in business anymore.

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alexcruz August 4, 2012 at 2:38 am

I hope I win

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Bob August 8, 2012 at 10:30 pm

any tips on winning on bid sites where there are hundreds of bidders and you’re going up against tens of bidders at a time? how does anyone ever win these?!

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Violet August 29, 2012 at 2:17 pm

What can you tell me about ZBiddy auctions?

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Fred August 31, 2012 at 10:02 am

I tried it and didn’t win a thing.

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