More and more people are looking on the internet for new penny auction websites. The most popular auction sites offer new merchandise as opposed to items found in a garage sale. Most people are looking for pristine products ready to be shipped.
Products bid on most often include all types of electronic equipment, computers, DVDs, cell phones, and TVs. But all types of products are available, not just electrical devices. The bids start usually at about three to five cents. So it is possible to buy a sixty dollar cell phone for a few pennies.
The products are on bid for twenty four hours. For the first twenty three hours the bid will not go up until time starts to run out. Those who have set their timers are not bidding in hopes that they are the only one who has seen the product and will be able to pay a few cents for a high priced item.
People, however, have to pay for each bid they make, and bids are in one penny increments. Some sites charge fifty cents a bid, some charge up to one dollar per bid.
If the twenty four hour time limit comes and there are still bids, then each bid will extend the bid period. Some sites will extend the time to bid thirty seconds, while some sites will extend the bidding for five minutes for each bid after the twenty four hour bid period.
Different sites have different money and extended time rules. But the basic rule is the same for all penny auction sites. The website owners make money no matter who wins the product because there is always someone bidding. But the bidder has to calculate his bids in order to come up with a good deal. He has to figure the number of bids he places and add that amount to the actual cost of his winning bid.
Someone could bid five times, at a dollar a bid, for a product that is worth over one hundred dollars, and win a bid of twenty five dollars. That person is still getting a bargain. But if the person loses the bid and spends five dollars bidding for it, five dollars has to be figured into the cost of the next item bid on.
Some like bidding on products and playing the game more than being able to get a good deal on a brand new piece of merchandise. For those people there plenty of auction sites where they can have fun.
new penny auction websites - 40731
Products bid on most often include all types of electronic equipment, computers, DVDs, cell phones, and TVs. But all types of products are available, not just electrical devices. The bids start usually at about three to five cents. So it is possible to buy a sixty dollar cell phone for a few pennies.
The products are on bid for twenty four hours. For the first twenty three hours the bid will not go up until time starts to run out. Those who have set their timers are not bidding in hopes that they are the only one who has seen the product and will be able to pay a few cents for a high priced item.
People, however, have to pay for each bid they make, and bids are in one penny increments. Some sites charge fifty cents a bid, some charge up to one dollar per bid.
If the twenty four hour time limit comes and there are still bids, then each bid will extend the bid period. Some sites will extend the time to bid thirty seconds, while some sites will extend the bidding for five minutes for each bid after the twenty four hour bid period.
Different sites have different money and extended time rules. But the basic rule is the same for all penny auction sites. The website owners make money no matter who wins the product because there is always someone bidding. But the bidder has to calculate his bids in order to come up with a good deal. He has to figure the number of bids he places and add that amount to the actual cost of his winning bid.
Someone could bid five times, at a dollar a bid, for a product that is worth over one hundred dollars, and win a bid of twenty five dollars. That person is still getting a bargain. But if the person loses the bid and spends five dollars bidding for it, five dollars has to be figured into the cost of the next item bid on.
Some like bidding on products and playing the game more than being able to get a good deal on a brand new piece of merchandise. For those people there plenty of auction sites where they can have fun.
new penny auction websites - 40731
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