There seems to be no limit to the amount of tips and strategies out there on the Web about how to win penny auctions and invest the least number of bids to do it. Some “experts” recommend using auto-bid tools, other people warn against them. Others claim that winning is most simply a matter of putting in a bid at the right time.
However, what most do agree on is that preparing yourself , practicing in a few auctions, Follow Clear penny auction do's and don'ts could save you a lot of money AND maximize your chances of winning. For preparation, familiarize yourself with these essential do's and don'ts:
Important Do's
DO establish a bid budget and stick to it.
DO check out the auction timer. If the counter almost reaches zero again and again before starting over, it indicates that there are probably few members bidding on that item ,and that means your chances of winning are greater.
DO consider some of the less-expensive items. Generally, fewer people bid on cheaper items and, again, fewer bidders mean your chances of winning are higher.
DO time your bids wisely. This is a vital factor to winning. Bidding right after the start of an auction, for example, is often a lost bid.
DO watch the auctions and list of lately won auction products to determine the best time of day that consistently have the fewest bidders (usually, the lower the winning price, the less bidders there were)
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Exclusive To Tripleclicks Auctions
Enter the "Pick-the-Price" contest. There's no cost to enter and it's simple, easy, and fun! Just log in at TripleClicks after you have registered. At the start of each new feature auction all you need to do is submit the amount you think will be the winning price of the item. You can enter each time they start a new auction...so numerous times every day you have another opportunity to win! If you pick the final price exactly right, you instantly win 200 free bids, a $64 value! If no one predicts the exact final price, the person who is closest without going over wins 20 FREE bids. In the event of a tie, the person who posted the winning prediction first will receive either the 200 or 20 FREE bids prize, whichever is applicable.
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DO purchase your bids in bulk if you can. In this way, you'll minimize your cost per bid and ensure you'll have as many as you need to complete an auction. Running out of bids at the last moment can be costly and heartbreaking!
DO check out the auction item's description page by clicking the item name. In this way, you'll be sure to know EXACTLY what you are bidding on and avoid annoying surprises after.
DO use Auto-Bidder with care! These useful tool can ensure your bids are entered automatically, so you won't have to stand by monitoring an auction...but it should be used very carefully and with your budget in mind.
Let's say you think an item's final price is going to be $5.75. A smart auto-bid might be to set up, say, 10 TCredits for between $5.50 and $6.00. Of course, keep in mind that if the price never reaches $5.50, none of your bids will be placed. Conversely, if the price goes beyond $6.00, someone else may win the auction after your ten bids have been automatically bid.
Important Don'ts
DON'T invest more on an auction than you are willing to lose.
DON'T...get overly excited when bidding. You'll be more likely to break your budget and/or use your bids up faster than you need to.
DON'T get in a bidding war with other bidders. If you can, sit back and let others battle and use their bids trying to out-bid each other.
DON'T pick an item on which to bid just because it looks like only a few members are bidding on it. A lot of members wait until the last few moments to bid. So while it may look like only a few bidders are interested, dozens more are probably watching and waiting—particularly if it's a popular item.
Here are few of my online penny auction wins:
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