Penny Auctions Free Bids

Penny auctions free bids

Penny auctions are a good place to win great products at a low price. With a little intelligence and some good strategies in place, you can really grab some fantastic bargains. The first ever penny auction started in the US at the time of the great depression, however the parameters were different than those used today.

There are many penny auction sites currently online. Thousands of products are sold each day and 95% of them will of sold for a price much lower than the RRP. It is a win-win situation for both the auctioneer and the winning bidder. So how do penny auction sites make any money? Simple. Penny auction sites earn on the number of bids that were placed on an auction plus the shipping charge of the product that the last bidder won. It’s important not to confuse penny auction sites with regular auction sites as the two are very different.

Penny auction free bids are a great way for beginners and newbies to start bidding and gain experience. Generally a penny auction site as the name suggests charge a non-refundable fee for each bid placed by an individual. This could prevent some players to even start the bidding and hence the concept of free bids was started. Each site has its own particular method of winning free bids. The common methods used by most of the auction sites are:

  • Free bids on registration – A free bid on registration is given to encourage the new customer so that he becomes a regular visitor to that site.
  • Free bids through coupon codes – Some auction sites provide free bids through codes which are given to members, websites or blogs to promote their sites. One should look for such coupon codes through search engines. Some special days like Christmas, Valentine’s Day are also used to promote their sites through coupon codes.
  • Free bids on bid pack purchase -In many auction sites buying a large number of bids is cheaper than buying single bids but this option should be used only when you are sure that the penny auction site you are using is genuine and registered.

Almost every other penny auction site gives a certain amount of free bids on registration. Below is information regarding the auction sites and the number of bids which are offered free upon registeration

Free penny auctions

 

  • Bidrivals – 25 bids
  • SkoreIt- 15 bids
  • Beezid – 10 bids
  • Quibids – 3 bids

These free bids help in getting the feel of the auction as well as the sites. Free bids have actually made people win some cool stuff without any initial investment, so it can be a great incentive for new bidders.

One of the most common ways of getting free bids is through coupon codes. These coupons can be found all over the web and have the potential to save you hundreds of dollars when used correctly.

From Wiki:

Customarily, coupons are issued by manufacturers of consumer packaged goods or by retailers, to be used in retail stores as a part of sales promotions. They are often widely distributed through mail, coupon envelopes, magazines, newspapers, the Internet, directly from the retailer, and mobile devices such as cell phones. Since only price conscious consumers are likely to spend the time to claim the savings, coupons function as a form of price discrimination, enabling retailers to offer a lower price only to those consumers who would otherwise go elsewhere. In addition, coupons can also be targeted selectively to regional markets in which price competition is great.From – Wikipedia coupon page

Before you begin bidding on any penny auction site you must have a sufficient amount of bids in your balance. Bids are available in bundles which are called bid packs. The price per bid depends on the bid pack. The larger the bid pack the better the price. Nearly every penny auction site will offer you free bids when you purchase a large pack so if you are serious about penny auctions then the larger bid packs will always be greater value.

The growing popularity of social networking sites is also used by some penny auctions sites to give away free bids to their subscribors. A great example of a penny auction site that utilises the power of social networking is zbiddy, they offer free bids aslong as you become a fan of them on Facebook and follow them on Twitter. Referral programs were always used to increase the markets of the companies and the same concept is used by many auction sites. They provide free bids on referring active friends to their sites. Using these methods alongside the ones mentioned above, the number of free bids that a new bidder can earn can reach up to any number. Bidcity.com offers 30 free bids for;  registering, becoming a fan with them on Facebook, and following them on Twitter. Plus 10 bids on each friend referred who becomes active on the site. This way one can gain a lot of experience before he or she becomes a powerful bidder on the site.

Here is an example of Quibids using their facebook page to offer free bids:

Every Monday – Friday, QuiBids hosts a sweepstakes on the QuiBids Facebook Page for 50 FREE bids. To enter, go to our Facebook Page and click on the Daily Sweepstakes tab on the left side of the page. Then complete and submit the form, which enters your submission into the drawing. You can enter once every 24 hours, so be sure to head back to the QuiBids Facebook Page and enter every day for better chances of winning. Have submitted an entry yet? – See more at: Quibids Blog

*Tip* Giving a penny auction site praise by emailing them or calling them and giving your postive feedback can often earn you free bids!

The list of penny auction sites is increasing day by day and so is the popularity of the penny auctions. Playing with free bids adds to the experience of a bidder and hence is the most preferred way to take entry into the world of penny auctions.

Winning at penny auctions is not an easy task and requires skill which can only be gained through experience. A little knowledge about the penny auction sites, such as it’s basics, will help you understand exactly how the sites work. This will help you figure out and develop winning strategies which will increase your chance of becoming the last bidder. Knowing the competitor and their strategy will help in winning some of the best products at very cheap prices. Free bids are a great way to get a feel of the penny auction site you are using, once you are comfortable, you can then purchase bids and start winning some auctions! Remember to look out for genuine sites offering free bids and start bidding.

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