|Written by Alex Lawson|
These days new must have electronic gadgets are coming out all the time. But with high unemployment and the rising cost of living, who really has enough money to get the electronics they want? Technology is advancing faster than ever before, and to have the latest electronics you either need to be really rich, or just know how to get electronics at amazing discounts.
To get amazing discounts on products you have to look past the discounts and free shipping offers that most consumers know about. Thereā€™s a new phenomenon spreading across the internet called penny auctions. These auctions let consumers get products at up to 95% off retail prices. Hereā€™s how you can get started with penny auctions.
Step 1: Sign up on a penny auction website. Some penny auction sites include BidsTick.com, Swoopo.com, Beezid.com, and much more. We reccomend reading reviews of the top PA sites before signing up, so you can find the best one for you.
Step 2: Purchase bids. To participate in penny auctions, you need bids. Bids generally cost anywhere from $0.50 to $1.00. Most penny auction sites offer discounts when you purchase more. If you're just getting started, try buying a smaller bid pack so you can get the hang of it before investing more.
Step 3: Bid on an item you want! You can find just about anything you can think of on penny auction sites. High definition t.v.'s, Apple iPads and iPods, laptop computers, Playstation 3's and other gaming systems, and much more. Find something you want and bid! We reccomend bidding as the timer gets low, 10 seconds left for examlpe. This increases your chances of winning.
Step 4: Stay focused! If you start being out-bid don't let your emotions get the best of you. You're not guaranteed to win in penny auctions, so never spend more than you're willing to lose. Stay focused, have a strategic plan to win, and stick to that plan.
Step 5: WIN! Once you win your first auction you'll feel exhilarated! Now it's time to pay for the item, which is whatever the auction price was (number of bids x 1 cent). Then pay shipping, and you're all set! As long as you won the item on a legitimate site, you'll get your prize in the mail soon!
So which penny auction site should you start with? That depends on you, your skill level, and your preferences. Not all PA sites are the same; some have more competition making it harder to win, some take longer to ship out prizes, some have fewer items to choose from, etc. We recommend reading reviews of top penny auction sites to find which is best for you before getting started.