High end luxury goods are the envy of everyone. These goods are coveted items that display a sense of pride in ownership and speak volumes about the user. However, the only reason that few seem to own them is because they are beyond the means of most people. This makes them valuable and precious.
The coming of penny auctions has changed the game in favor of the ordinary people who may not otherwise have the means to buy them. Through penny auctions, you can get anything from luxury brands like Louis Vuitton and Bloomingdales to high-end electronics like iPad and iPhone. These products are sold at unbelievably low prices owing to the auction model. The only catch is there is an element of risk - you may not win the auction. The purpose of this article is to help you maximize and almost guarantee that you win these items at prices you never thought possible.
Penny auctions work on a bidding fee auction model, which means you will have to pay for every bid that you place, as opposed to traditional auctions like eBay in which bidding is free. The price starts at $0 and increases by 1 cent for every bid placed. The winner is decided when the clock runs to 0, but each bid increases the timer by a few seconds so as to give everyone a chance at bidding. So if there were 2000 bids placed on an iPad auction, a typical on the right penny auction, the final price is $20. That's over 90% discount!
Now that you know how penny auctions work, we need to address the more important question of how to win these auctions. The first and foremost thing is to bid on the right sites. This is important because like any auction, if there are fewer bidders, you have a higher chance of winning. The more popular penny auctions are extremely competitive and your winning chances can be very low. This is why I recommend using newer penny auctions that not many people know of.
Once you have selected the right penny auction you need to devise a strategy to win the items. For smaller items, you can wait till the last second to place your bid. Remember that the clock is reset by a few seconds each time a bid is placed, so you can afford to snipe at the last moment. This helps you save bids.
Another important thing to remember is that most penny auctions have a feature to automatically place the bids. This can prove to be very useful if you want to step away from your computer but don't want to lose the auction. Once you start bidding on an auction, you should use all the tools at your disposal to win the product. Since the luxury goods end up quite cheap, you don't spend a lot of money if you stick to your winning strategy.
An alternative strategy is to become an aggressive bidder. Everyone is afraid to be pitted against a very aggressive opponent, so you can gain a very important psychological edge to counter your competition. This can work great for gift cards.
These auctions provide you with a great way to afford high end luxury items that are very hard to afford otherwise. The auction model allows the auctioneer to give away the products at such low prices without going into a loss, though the auctioneer may end up losing hundreds of dollars on individual products. If you choose the products and the websites carefully, you will almost be guaranteed to win big.
The coming of penny auctions has changed the game in favor of the ordinary people who may not otherwise have the means to buy them. Through penny auctions, you can get anything from luxury brands like Louis Vuitton and Bloomingdales to high-end electronics like iPad and iPhone. These products are sold at unbelievably low prices owing to the auction model. The only catch is there is an element of risk - you may not win the auction. The purpose of this article is to help you maximize and almost guarantee that you win these items at prices you never thought possible.
Penny auctions work on a bidding fee auction model, which means you will have to pay for every bid that you place, as opposed to traditional auctions like eBay in which bidding is free. The price starts at $0 and increases by 1 cent for every bid placed. The winner is decided when the clock runs to 0, but each bid increases the timer by a few seconds so as to give everyone a chance at bidding. So if there were 2000 bids placed on an iPad auction, a typical on the right penny auction, the final price is $20. That's over 90% discount!
Now that you know how penny auctions work, we need to address the more important question of how to win these auctions. The first and foremost thing is to bid on the right sites. This is important because like any auction, if there are fewer bidders, you have a higher chance of winning. The more popular penny auctions are extremely competitive and your winning chances can be very low. This is why I recommend using newer penny auctions that not many people know of.
Once you have selected the right penny auction you need to devise a strategy to win the items. For smaller items, you can wait till the last second to place your bid. Remember that the clock is reset by a few seconds each time a bid is placed, so you can afford to snipe at the last moment. This helps you save bids.
Another important thing to remember is that most penny auctions have a feature to automatically place the bids. This can prove to be very useful if you want to step away from your computer but don't want to lose the auction. Once you start bidding on an auction, you should use all the tools at your disposal to win the product. Since the luxury goods end up quite cheap, you don't spend a lot of money if you stick to your winning strategy.
An alternative strategy is to become an aggressive bidder. Everyone is afraid to be pitted against a very aggressive opponent, so you can gain a very important psychological edge to counter your competition. This can work great for gift cards.
These auctions provide you with a great way to afford high end luxury items that are very hard to afford otherwise. The auction model allows the auctioneer to give away the products at such low prices without going into a loss, though the auctioneer may end up losing hundreds of dollars on individual products. If you choose the products and the websites carefully, you will almost be guaranteed to win big.
To know more about how to afford high end luxury items, read my blog post on ScoreLuxe Review, a relatively new penny auction exclusively selling luxury items at 90% discounts consistently. You can also read a detailed Interview with Founder of ScoreLuxe to know more about the business. Good luck bidding and winning cheap luxury items!
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