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The following article was published in our article directory on March 21, 2012.
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Winning Penny Auction Techniques

Article Category: Shopping

Author Name: Tami

An online penny auction event is everything exciting. Unlike traditional auction types, the price of items presented on penny auctions automatically increases by $0.02 whenever bids are placed. To participate in one you must play your bids of course. These bids are usually sold in packs; a 100-bid pack for example means you can win over a hundred times as well. At the last 15 seconds, bid timers will be reset every time bids are placed to allow other users to make their last bids. The user with the last bid ultimately wins the auction.

Penny auctions are great for people looking for an exciting, dynamic online shopping experience and all those amazing deals featuring brand new popular products. If you are looking for a specific item, you can find it here at a lower price. First, you have to win the bids. Here are some ideas on how to go about your business winning the bids.

Secure a good Internet connection. Why not? You wouldn't want to lag behind others would you? Besides, you will not go anywhere with a slow connection. You can check out certain online programs that tests your Internet speed. Anything in between 512KBps and above is good enough so you will not be left behind.

To join penny auctions, you have to register an account first complete with a username. Choosing one is not really that simple since some names can be used as an advantage over other participants. You can choose to be intimidating and sneaky with your username to have a slight edge over the competition.

It pays to wise up whenever buying bids, which are sold in packages of 50, 100, 150 and 500 packages. If you want to win something expensive, then the 150-pack would be your best bet, while items with less than $500 price tags can be won with the 100-pack.

When you think about the perfect auction, it's all about making smart moves. As soon as you got your bids, you have to be careful not to get hold of the first item you see right away like a plain no-brainer. It's a bad early move you cannot afford to make. Get to analyze the boards in front of you first and analyze it for about half an hour.

The key is to spot all the newbies playing the game with you in the auction since they are practically easy to beat. Slugging it out with experienced auctioneers armed with 5000 bids is clearly not a good idea since you wouldn't want to throw your money and all your chances away on more of those bids. Novice players are usually easy to spot since they obviously put their money down on multiple auction sites (jumping from one auction site to another).

Keeping an eye out for these "Beginners Only" penny auction sites where players who have yet to win are allowed to put in their bids is smart since most of the new players are found there. Remember that it's all about dropping your money at the right place and at the right time.

Keywords: Penny Auction

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