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The following article was published in our article directory on January 26, 2012.
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How to Find the Best Penny Auction Site?

Article Category: Womens Interest

Author Name: Anthony

The online penny auction has become a phenomenon among bargain hunters looking for that gadget they ve always wanted at cheap prices. Also known as bidding fee auctions, these auctions allow you to get the product that you wanted for as much as 99|less than the selling price. Each bid starts at $0.00 or $0.01 and each bid increases the price by a penny until someone wins the auction. There are presently hundreds of bidding fee auction sites on the Internet, each of them claiming to have the most desirable bargains. How do you find the best penny auction site? Here are some questions you need to ask.

How much do bids cost? The higher the cost of a bid, the more you ll ultimately end up paying, even if you get a great deal on the item you ve won. And keep in mind that you ll still have to pay for the bids on auctions that you ve lost. Avoid signing up for sites that sell bids for $1.00 or more even if they offer items that you want. Ideally, bids should cost no more than $0.50 - $0.65 each.

Do they offer the products that you want? In order to avoid spending more than you actually intended to, take time to browse the offerings of each site to see if they have items that you are genuinely interested in buying, rather than those that pique your interest simply because of the low price you might be able to get it for.

What are the different types of auctions they offer? There are actually several different types of bidding fee auctions, ranging from the traditional penny auction that works like a regular auction, to reserve bid auctions, in which the site operator sets a minimum price for the item and will only declare a winner if the final bid exceeds this price. The more types of bidding fee auctions the site offers, the more likely they ll have a wide variety of products.

Do they offer welcome bonuses for signing up? In order to entice you to sign up, many sites now offer welcome bonuses. These bonuses typically take the form of a certain number of free bids or discounts on your first purchase of bid packages. Check out their bonus offers to see if you find them advantageous. However, you should also be aware that these bonuses may come with terms and conditions that you ll have to meet before you can avail of the bonus.

Do they offer a buy it now option? This option guarantees that the money you ve spent making bids in a losing auction won t go to waste by allowing you to apply the cost of the bids to the purchase price of the item. Not all bidding fee auction sites offer this option, but it might be worth your while to sign up with those that do.

Does the site have a high rating from the Better Business Bureau? Before signing up with a penny auction site, make sure you search for it at the BBB Business Reviews page to ensure that it is trustworthy.

Keywords: Penny Auction

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