If you know what penny auctions are, chances are you have participated in a few auctions yourself. Maybe you have won, but most likely you have not, as the chances of winning are quite slim for the inexperienced bidder.

However, you can turns these odds around, by discovering these simple penny auction secrets which can make you much more of a fierce competitor! Never do anything with your money which makes you feel uncomfortable, but take this advice and reference it before your next bid.

The first secret, is that proxy bidding does work. You may be wondering, what exactly is a proxy?

A proxy is somebody who stands in for another person. In the case of penny auctions, that proxy is a computer that automatically bids for you.

If you are unavailable, you can select an option to automatically bid on the item to make sure you get the last laugh, and winning bid. With the price only going up a penny with each bid, this is a cheap way to let the computer do the work for you.

It can be stressful to sit behind your computer, staring at your monitor for hours waiting for the auction to end. Why not put your bids to work for you?

The next secret is that low traffic equals high yield. In the beginning of online auctions, you could go on eBay and buy things at ridiculously low prices, prices even your frugal wife or husband would be impressed with.

Then the cat was let out of the Tadalis SX bag, and the secret world of online auctions was no more. Now there is a new little known secret, a secret called penny auctions sites.

Penny auctions are getting more popular each day, and so the time to act is now. It is important to stay with auction sites that are trusted, but also those that have relatively low traffic.

Some penny auction sites are already way too big. The bigger the site, the less likely it is for you to get a good deal.

The bigger penny auctions sites out there claim to get hundreds of thousands of visitors every day. Do you really want to compete with millions of people for that deal of the century?

Chances are you will end up with nothing but frustration to show for your efforts. There are many trusted websites out there with reasonable traffic, great products, and outstanding reputations-those are your gold mines.

The next secret is to always pay for the real thing. What is the point in paying a few bucks for a fake bag that is only worth a few bucks?

There are plenty of legitimate sites out there that sell only real, authentic, quality stuff. Think of the frustration of winning a penny auction for your favorite purse, only to find out that it’s fake.

When it comes to electronics, clothes, and accessories, only bid on what’s real. You get what you pay for.

The next secret is that the proof is in the pictures. Look for picture testimonials, signed by unique customers.

Anybody can put up nice looking sample e-mails, but good penny auction sites always have people send in pictures of their inventory, along with a unique signed card bearing their name. The more testimonials, the better chance that you are dealing with a reputable company.

The last secret is that you don’t have to pay for bids, period. Most penny auctions sites will give you free bids just for signing up.

It really is that simple. With those free bids you can bid on an auction you like, or even bid on more free bids.

Think about that for a moment. You sign up for free, get some free penny auction bids, win some more free bids, and you are off and running!

Remember that you are what is in demand, every penny auctions site wants your business. Make them earn it.

As you can see there are a number of secrets which can help you to succeed in the crazy world of penny auctions. Listen to all the advise you can get, and then make your own financial decisions, using your instinct and good sense.

Author Bio: Ronald Pedactor has been in sales for the past 22 years and is considered an expert on the subject. He has found Nitrobids to be the best penny auctions for great electronics, vacations, and new cars.

Contact Info:
Ronald Pedactor
RonaldPedactor09@gmail.com
http://www.nitrobids.com

Category: Culture and Society/Shopping/Online Shopping
Keywords: penny auctions