Tuesday, January 29, 2013

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Quibids is the best bid auctions or penny auctions site of all the online auction sites. You can get great deals on ipods, tv's, jewelry, laptops...you name it and at way less than retail prices. It doesn't matter if you are looking for jewelery or other items, it is hard to ignore the growing number of penny and bid auctions sites that seem to be all over the web these days. You are probably at least familiar with the ads that say you can win a flat screen TV or some other desirable electronic gadget at up to 98% off. If your curiosity hasn't gotten the best of you yet to click one of these ads, you could be in for a delightful surprise or get caught up in a time consuming entertainment. The vast number of members and visits these sites are getting tells the story of how popular these sites are becoming. When you see the word auctions you probably think eBay because for years they have been the dominate online auction site. These newer sites are not the same as eBay though. On eBay you are submitting bids that are the price you hope to pay for the item and the auction typically runs for a week and when the timer runs down the auction is over. Penny auctions are quite different. The user buys a bid package and uses these bids to participate in the auction of their choice. The item price usually starts at zero or very low and every time someone bids the price of the item will go up in some small amount such as a penny or maybe five cents. There is a timer running down here also but it doesn't work the same. When time runs down and gets inside the final minute, time is added back on the clock which allows someone else to bid if they like. This means the bidding can go on for quite sometime until all bidders but one are willing to pay one more cent or nickle for the item. Most auctions here usually last for hours instead of days. This format of bidding is entertaining and can be addicting because it's easy to bid another cent or nickle. This creates an exciting way to bid on items you want. Learn to outlast the other guy and you could bring home some good deals.

As good as this all sounds, there are a couple of warnings you should consider. Not all auction sites are reputable and some of them are nothing more than a scam. Google the site you're thinking about using and see what others are saying. You could also check the Alexa rating and see what kind of traffic the site is getting. The better sites are getting thousands of visitors a day. You may also see complaints from people who feel they have payed too much for an item or felt they were cheated in some way. The sites that are reputable stay in business because they aren't cheating people. Most of these complaints come from people who didn't bother to learn the rules of the auction site which can vary from site to site. So that you don't fall into that category, take the time to read the auction rules and then observe some auctions until you see how the flow of it goes. When you think you are ready, don't go for that flat screen TV or Macbook Pro for your first auctions. Start with small items such as a gift card and learn the process. Also notice that some times of day or days of the week are better times for winning. The weekend is more competitive since most people are home and online more. Just use a little common sense here so you don't wind up spending a lot on bids and winning nothing. Some of the better and larger sites like Quibids will let you use the amount you spent on bids to go toward the purchase of the item at full price. This is good insurance from over spending because you were interested in the buying the item anyway, so even if you lose the auction you get what you were after and had a good time trying to get it at a discount. So all in all, you can win items at a discount on these sites and enjoy the process. Just use some patience and practice on small items mixed with a little common sense and strategy and you could take home a bargain. Get good at it and reselling the items could even provide some extra income...you really don't need two ipads now do you?. Happy bidding.

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