I know your type, you always want the inside scoop to everything you do. You always want to know the secrets, tips and tricks of the pros right? Well if you are looking for the secrets to kicking a field goal I can’t help, but if you are looking for penny auction secrets then you have certainly come to the right place. While their is no way for me to tell you how to win every single auction that you partake in the reality is that a good penny auction strategy is going to help you win more than you lose over the long term. Now if you are just in the penny auctions game for a night of fun then I would suggest you bid freely, if you are in it to win it then I suggest you take note of the following advice, stay patient and see what happens.
The first secret I have for you is (drumroll please) PATIENCE. Thats right folks, many people sign up for a penny auction website, and immediately begin bidding on the first item they see. Do not let your eyes deceive you, yes getting a $100 gift card for $1 is great, but getting it for $20 is still pretty good right? Don’t get to greedy (I realize thats easier said than done), and wait it out for the right auctions at the right time and then strike. How do you know when the right time to strike is? Well thats our next secret…
Do some research! While its easy to jump into the lions den, place some bids and hope to get lucky thats no strategy for long term success. The reality is that you should be following as many auctions as you can keep your eye on and jot down the average sale prices. That way when you are interested in an item and you see the bidding is low you know to wait until it gets to an average sale price and then pounce. Now this is not an exact science but doing this is going to help you get a better feel for the auction marketplace, and win more than you lose in the long run. But this is a moot point if you do not abide by the following secret which is to….
Not bid until the timer is at five seconds or less. Now I understand that with each bid someone placed the timer is going to increase, but the reality is that you still need to be as good a sniper as you can. You bidding at an average price with 1 second remaining on the clock is going to help you more so than bidding at an average price with 5 minutes on the clock, get my drift?
While these penny auction secrets are not going to win you an auction tonight they are certainly a blue print with which you can plot your strategy for the long term and become a penny auction monster.
Good luck!
