|Written by Chasov Media, Inc.|
BeeZid Â is one of the most popular penny auction sites that offers its members a chance to win brand name, new merchandise at a fraction of the retail price. There are hundreds of items that anyone can win in a BeeZid auction. Some of the most expensive items include plasma TV screens, game station consoles, digital cameras, other high end electronics and of course cars. Winning a car at 99% off the original price can be like a dream come true. Unfortunately winning a car at BeeZid is not as easy as it might seem at first glance. Recently one of the members won a brand new car for just $26. Although it is not guaranteed that you can replicate this memberâs success, you can certainly try and get a car for an extremely cheap price. Follow this guide and see if you can develop the right strategy and try to win a car in a BeeZid auction at an unbelievable price.
Make sure you register an account at BeeZid and purchase some bids. One of the keys to winning an item as expensive as a car is to have adequate bids.Â Win bid packs in a bid free auction (auction that does not require any bids to participate) for lower price than buying directly from the site. To further familiarize yourself on how to acquire more bids and use them wisely read the How to Bid at BeeZid (see resource section).
Familiarize yourself with different types of auctions.
Majority of high priced items such as a car are auctioned off in a âRevealâ auction. Unlike all of the other penny auctions the price of the items in a âRevealâ auction decreases instead of increasing. In this type of auction the price of the item is hidden from your view and begins at a pre-determined discounted amount usually ranging from 10-40% off the retail. To see the price you must use one of your bids and click on the reveal button. This will show you the price for a few seconds and indicate if it hit the sweet spot (selling point for the item). If the item hit the sweet spot it the price at which you can acquire the item will be revealed to you as well. Furthermore every time someone reveals a price, it decreases by a certain amount.
Set a budget.
Before beginning to bid on a car define specific budget. What is the maximum amount of money do you want to spend on a brand, new car? Write this number down and stick with it. When you begin bidding this is the number you will be looking for to buy the car at.
Begin bidding on a car.
Pick the car that you like or that is currently available and begin bidding. Place a new bid every 5-6 hours. Try to place at least 4 bids during the course of a day. Since âRevealâ auctions do not have a time limit they can go on until members feel the price is low enough to buy the item. Once you see the price that you want to pay for the car and the car has hit its sweet spot (selling price) buy it at that price.
Claim the car.
Go to âMy Accountâ and click on my âMy Winsâ. There you should see your car, the price at which you won the auction and the time the auction ended. Click the claim button to get your new car. Fill out all the necessary information and pay for the car using your credit or debit card. Remember to indicate the address where you would like your car delivered to.
After you get your new car you can sell it at a little less than the retail price and make a handsome profit.