Why You Should Use DealFun Penny Auctions
Penny Auction sites are the latest craze that’s sweeping the Internet. There are dozens of sites to choose from, and they all promise amazing prices for incredibly low prices. It can be incredibly difficult to decide which site to choose from the vast choice out there, but we’ve narrowed it down for you. We think that the only penny auction site worth using is DealFun, and here’s why:
DealFun gives you the largest amount of bids at the cheapest price!
DealFun provides 100% Free shipping on all items!
DealFun is available in the United States, Canada, Australia, and the United Kingdom!
Other auction sites have gained a bad reputation for players who aren’t playing by the rules. Often bidders are working in teams, to bid on the same item. Two or more bidders working together are exploiting people, and big prizes aren’t won fairly. There have even been reports of groups of users intentionally targeting single customers, and forcing them out of the game with unfair tactics. If you’ve participated at other penny auction sites you might have wondered why no matter how many bids you spend, you never win, or why all you seem to win are the small prizes. It’s almost always because of unfair bidding, which the penny auction sites refuse to crack down on.
This just isn’t the case at DealFun. They enforce the rules to ensure that you can play fair. Unlike other sites, you won’t see the same names win every big-ticket item. The rules are strict, and strictly adhered to, meaning that you have a fair chance to win a big prize.
On other sites, there is no strategy or skill involved. The winner is always the person who spends the most money on bids, meaning it’s impossible to get a bargain. You won’t find that on DealFun. Tactics, skill and luck go into determining who wins auctions at DealFun, exactly the way it should be! It means anyone could win, not just those who have thousands of dollars to spend on bids. On other sites, it’s almost impossible to win a big prize, like a car, without spending thousands on bids. At DealFun, just a few dollars could get you a brand new Macbook!
There have also been reports of the bidding system failing on many other sites. Their servers are unable to cope with the massive demand for bids. It’s not unusual for the bidding software to fail on a major auction, stopping the rightful winner to claim the prize. If this has ever happened to you, you’ll know how incredibly frustrating it is. When you complain, customer service isn’t interested. DealFun’s servers are the latest technology, and they are more than capable of coping with the load of running the site. In the unlikely event of a problem, they are committed to solving it immediately. We’ve never heard of a dispute not being resolved to the customer’s satisfaction. Unlike many other sites, DealFun‘s business is built on fairness, honesty and trust. They know how to treat their customers.
On other sites, you’ll find that the winning auction price is often completely inflated by people bidding again and again. You might find that your prize isn’t as much of a bargain as you thought it might be. When you take huge postage charges into account, you can easily find things add up to a lot more than you originally hoped for. DealFun isn’t like that. The postage charges are very reasonable, and the winning prices are low.
If you are thinking about trying penny auctions, or you’ve had an unsuccessful experience elsewhere, you’d do well to try DealFun. We’ve had some fantastic successes, and we’re confident that you will too.
A Few Penny Auction Strategies
When using penny auctions or any other type of auction on the internet, you will need a good strategy or technique to win. The strategies that you employ when bidding on the penny auction sites will help you and anyone else you tell, win amazing items for ultra cheap prices.
Every penny auction site will provide some free bids to its users. With those free bids you can use them to bid on bid packs and potentially win more free bids. Using the free bids is a great way to get started instead of spending your cash straight away. When selecting a bid pack to bid on, look for those with little to no competition. Be sure to keep an eye out for any promotional specials on bid packs which would be offered for super low prices at sign up or at another time. Some of the penny auction sites even have referral programs where you can refer your friends and receive free bids when they sign up.
Once you have gotten settled in and are ready to bid on an item, always remember to never bid what you can’t afford to lose. Every time you place a bid it will cost you an average of .60 cents, but this price will vary by site. You never want to waste bids because they cost you money so always have a strategy before you begin bidding on an item.
A simple strategy is to choose an auction with a low price point to learn how to bid. The lower priced auctions always have low amounts of competition. Another strategy is to pick an item with no bidders and try to sneak in a bid at the last second. No matter the auction, bidders will always be waiting for the perfect moment to jump in and bid.
Many bidders like to employ three commonly used strategies when bidding on penny auctions. The first is bidding at the last second possible on an auction. Some of the penny auction sites allow you to setup a bid bot that will bid for you at the last second. Other bidders who see you bidding again and again on the auction may become discouraged and give up. You can also set a timer to place bids for you strategically during the auction which may scare off some other bidders if they see you are very involved with the auction.
Penny Auction Sites
The Original Type of Auction
If you have ever been to an auction with actual people, then you already understand how auctions work. The item is held up and you decide if you want to bid or not. If you do, you start raising your hand to bid as the auctioneer calls out a price. It can be exciting and addictive at the same time, and you know that if you keep raising the bid, then you will eventually win the item. Although it’s easy to get carried away and bid far more than you had intended!
Online Auction Sites
That’s how most online auction sites work, also, only with a time limit. If you are the high bidder when the time runs out, you win the item. The main difference is that you can’t see the item in person before you bid, and you have to rely on the character and reputation of the auction site, or individual seller on that site, which can be risky if you don’t know what you’re doing.
Penny auctions in a similar way, as far as taking online bids for items, and the highest bidder wins. But it is very different in other ways. For instance, with this type of auction, you have to buy what they call “bid packages” before you can bid on anything. Each site is different, but most sell bid packages in increments of $25, or you can buy even larger packages in the hundreds of dollars. For example, bids will usually cost $1.00, so if you buy a $25.00 bid package at $1.00 a bid, you will receive 25 bids.
How to Bid
Now that you’ve bought your package, you can bid on items. Each time you place a bid, the cost of the item goes up a penny–hence the name “Penny Auction”. BUT–you are actually spending a dollar, if you are on the dollar-a-bid website, because you have to pay for each bid you make. The auction begins with a certain amount of time on it, but unlike regular online auctions, every time a bid is made, the time is usually reset for 10 seconds longer, until the final person left bidding is done. That makes it more like a live auction, and much more fair to the bidders since they get every chance they need to win.
How Websites Make Money
Say you win an item for $5.00. If you put in 10 bids total while trying to win, then you actually paid $15.00 altogether. Winning bid + total number of bids = $15.00. BUT–the website makes a lot of money on this item because they charged $1.00 per penny bid. Winning bid-$5.00=500 bids=$500. But keep in mind these are all brand new items, and most are very high-priced.
You can save money by waiting to the last few seconds of the auction to bid, so you don’t have to use more bids than necessary. But–and this is the worst part about penny auctions–if you put in 20 bids on something and still lose, you lose the $20 you invested in them at the beginning…something to keep in mind!
Win Penny Auctions
Penny auctions, like other forms of bidding online and elsewhere, require technique in order for any participant to win. These techniques will benefit everyone who participates in auctions for Savvy Bidding, Bid Cactus, Bid Rodeo, NabnGrab, and other networks.
All networks provide free bids for new users. You can use these to purchase higher amounts of bids. This will be wiser than spending everything right away on auctions. Choose only bid packs which are worth your time, though. You can also take advantage of promotional discounts offered such as lower prices for bids. There are even referral programs which give you more free bids every time someone signs up for you and buys bids.
When you’re ready to start bidding, the first rule to follow is never to bid what you do not want to lose. Each bid will cost you a $1 or so depending on the site’s bid prices. Also, since bids are costly, it is recommended never to have those wasted. Always have a strategy when bidding.
One of the strategies involves choosing an auction to bid upon. Low priced items are always the easiest to win an auction for. Some people on the other hand, pick an item just because there’s no one else bidding for it. Truth is most bidders are probably just waiting for the opportune moment to bid.
There are three commonly used strategies when it comes to penny auctions. One of these includes bidding at the last minute. An automatic bidding option with a very large amount of bid is set at this point. It can also be manually placed. Most bidders who see the huge amount of bid may become discouraged and some bidding. A related strategy involves setting a timer as to when bids are automatically placed. This lets other bidders lose as much bid as possible before yours is placed. Another technique is the exact opposite wherein a bidder places a large bid at the early stage of the auction. Seeing how much a bidder is willing to spend early on may send signals to other participants that the bidder intends to win the auction.
If you intend to use the latter, you must be ready with as many bids as you can. Everything is a psychological mind game and not all people think the same way. Not everyone will be threatened by a high bid at the start of the auction. This means bidders may still continue to place larger bids if they can. At this point, you must be prepared with more bids in order to battle the newer ones.
The same rule applies to the first strategy. Just when you think you have already won, a new bid may even be set also at the last minute higher than yours. Some can even unbelievably bid at just half a second left off the timer.
What makes penny auctions exciting is spending all your bids and exhausting all strategies you know just to win an auction. If you believe you are in a losing streak, don’t be dismayed. Win some, loose some, so they say. There is always another day to bid and another item to be auctioned.
Penny Auction Sites Reviews
If you’ve never been to a “Penny Auction“, then you may want to research them more before joining one of the many sites that are out there. You do actually bid a penny at a time, on the screen, but in all actuality, you pay up to $1.00 per bid that you make(which you buy in packages), so your penny bid is not really a penny, but a dollar. That is how these websites make their money selling brand new products for pennies-on-the-dollar. But, if you’re very careful, you can get some very good deals this way.
Look For Honest Reviews
Before you start on one of these sites, you should always research them carefully. Search for honest reviews, not for the ones that are sponsored by the penny auction site itself. There are many websites out there that are dedicated to giving you their honest opinion of each auction site, and will warn you away from the disreputable ones. Many times these researchers actually join the penny auction sites and bid on items. When they win and eventually receive their products, they then write a full review on the complete process, from beginning to end.
Reviewers Will Warn About Bad Sites
Reviewers will let you know which sites have the most bidding competition, so you know where you have the least chance at actually winning what you bid on. That way you don’t waste your money buying bid packages, only to never really have a shot at winning, because there are so many others bidding, too. Reviewers also rate their customer service department, which can be useful if you have a problem. If the service is bad, these reviewers will tell you upfront. And if the shipping is very slow, they will caution you not to bid on that site if you are in a hurry to receive your item.
They Also Recommend Good Sites
On the other hand, these reviewers are also quick to state which penny auction sites give you the most bang for your buck. They tend to get very verbose about their favorite places, giving you all of the positives about the place, so that you are completely knowledgeable about it before you even sign up to bid.
Check discussion boards, also–another good way to read positive or negative comments on penny auction business practices.
Penny Auction Websites
Penny auction websites are relatively new to the internet. They recently surfaced a few years ago and have rapidly become a buying phenomenon. The attraction of this new auction style of purchasing items is the potential of acquiring top name quality products and services at an extremely low price. The increasing popularity of the penny auction websites is increasing daily.
How penny auction websites operate is rather simplistic. You buy a bid package that authorizes you to place bids for selected products, pre-paid gift cards, automotive services, vacation packages, entertainment packages, pre-paid credit cards, etc. You will have to pay a fee to purchase a bid package but the larger the bid package the smaller the fee overhead cost. The amount of the package fee depends on which penny auction website you join. An example of a bid package might be purchasing $50 worth of bidding power for $75 or purchasing a $100 worth of bidding power for $130. The auction items are selected and placed on the website by the auction house, not by an individual company or service.
There is generally a given amount of time to bid on each item and, here is the beauty of the system, bids are made in increments of one cent at a time. The larger the membership of an auction website is, the larger the potential bidding population will be. While the highest bidder registered when time runs out is the winner for that particular item, every bid placed by the membership at large during the process is also collected. You will need to determine what items you want to bid on and how much you are willing to spend. When a bid is placed during the final few seconds more time is added to the clock. This allows for undecided bidders to join in the process.
Bidding strategy is an individual process. An example of bidding strategy is if an item you want has been listed that has a bidding time of two hours, you might want to start the bidding at one cent. Then do not place anymore bids until you see how active the bidding becomes. When the clock gets close to ending the bidding, and the price is within your spending range, you can add a new bid, or bids, in hopes of acquiring the item for a late breaking bargain price. You will not win every item you bid on, that would take all the fun out of the process, but you can learn how to best plan your individual spending and bidding strategies.
It is to your advantage to do some research on various penny auction websites before purchasing a package. There are several penny auction websites with extremely high satisfaction ratings. They have a good Better Business Bureau (BBB) rating, few, if any, complaints, good customer support staffs and product guarantees. If you are serious about joining a penny auction website you can do yourself a favor and visit several recommended sites and watch how the bidding process works. Whichever website you finally decide to become a member of; relax, have fun, and enjoy the victories when they come.
Latest Penny Auctions
IF you are thinking about doing some shopping online then we suggest you take a look at the latest penny auctions. Many of these new penny auctions offer a wide variety of items to choose from. There are even some more niche oriented sites which deal with more specific things, like jewelry.
One of the really great things about the latest penny auctions is the buy it now feature. This feature allows you to purchase the item you were bidding on for full retail price if you lose the auction. The cost of the bids you used would be subtracted from the retail price. If you are planning on buying an item regardless it’s a great idea to join a penny auction site to try and win the item before going out to a retail store. This only applies to those sites which have a buy it now feature. We always let you know in our site reviews if the particular site offers this feature. It is becoming more and more common these days mostly because of regulations I believe.
Penny Auctions can be a lot of fun be you must not forget that you are in a competition where your objective is to win. Many other bidders will be trying to win the same items as you so be sure to read up on the best strategies to use. As the bidder you should keep in mind how important it is to be the last bidder. That is always your goal so don’t get distracted by any outside distractions. Be sure you have plenty of time to participate in each auction. That being said it’s also important to focus on only one auction at a time so that all of your focus is devoted to the one item you really want to win.
Don’t be afraid to try out a penny auction if they offer the buy it now feature. If you enter the auction with the mindset that you are going to buy the item anyway then why not take a chance and you could potentially come out with a great deal. Always check our front page for the latest reviews so you join a reputable trustworthy penny auction site.
Happy Bidding!
Best Penny Auctions
Penny auction sites have always generated a lot of buzz on the Internet because they seemingly allow hundreds of thousands of dollars of merchandise to go for a fraction of the cost. While most of these sites are certainly legit and are a great way to try and get a piece of equipment you have been wanting for a while, there are certain things to watch out for while using these sites. The best auction sites will offer you plenty of features to enjoy so you can actually compete against other penny auction goers.
1. Site Bots – Some sites use bots to inflate the bids so that users are encouraged to bid more aggressively. These sites are generally low in traffic and are trying to make users feel as though they’re actually in a bidding war, which can be one of the most rewarding aspects of penny auctions. Avoiding sites that are known to use bots will increase your enjoyment of using a penny auction site, since there is no computer stacking the chances against you.
2. Payment Processing Methods – Most sites that are worth their salt will over visitors several ways to buy their credits in order to bid. Supporting multiple methods such as credit cards and other online payment processors like PayPal is a good way to guarantee that a site is worthy of your business, since you have many methods to pay for your credits.
3. BOGO Deals – Some penny auction sites often offer specials for purchasing credits within a certain period of time. This is usually done with the site has received a huge stock and wants to encourage people to buy credits who otherwise might not. These Buy One Get Free deals are a great way to attract new customers and if you can get in on them on the site that offers them frequently, you can get double the chances for what you paid.
4. Lotteries – Some penny auctions offer lotteries that users can buy into for a chance to win massive amounts of credits. These are typically a buy-in in which you can throw a credit into the pot for a chance of getting your username pulled. These pots often grow to supremely huge amounts because of everyone trying to win the chances. The downside of these lotteries is that the larger the pot, the less chance you have to win as literally thousands of people are purchasing chances at these pots.
5. Grace Periods – Most penny auction sites will give you a few free credits upon registration so you can determine whether or not you like the system. Always look for sites that offer you these, since if a site doesn’t offer you a grace period before you throw cash at them, then they’re probably not the kind of site you want to be using anyway. The amount of credits vary per site and some may even match your first purchase of credits in free credits to entice you to buy bids.
Since there are plenty of illegitimate sites on the Internet that are ruining the penny auction experience, knowing what to look for in the best sites can save you a lot of hassle. Always check online on public forums and places like Yelp to determine whether or not a penny auction site is worth using. Penny auctions can be a fun way to bid on items and win them at abnormally low prices, but wasting your money on sites that aren’t even legit is a terrible concern for most people who are new to penny auctions and are looking to get started.
Penny Auction Tips
Penny actions are competitive buying, and it is surprising how competitive they can be. To win the bidding, you need to be willing to buy enough bids, take risks and focus on the item you want. There is no strategy that will guarantee a win, but there are some things bidders can do to win more often than they lose. Here are some tips that may help:
1. Make sure you choose a good site for bidding. It is worth the time to research a site. Some penny auction sites use shill bidding. This means they employ people to place fake bids to drive up the price. There are other fraudulent methods sites can use, so it is good to watch a site for a few days to see who is bidding and winning. There are websites that monitor penny auction sites and rate them with a strict set of criteria. This is an easier way to find an honest site to start your bidding. If you research a site, you should find out:
• When does the least amount of bidding take place
• Which bidders you should not bid against
• How much bidding traffic does the site get
• Which are the easiest items to win
Do not choose a site that tries to sell you an initial bid package of over $100. Also, do not choose a site that tries to enroll you in a continuity program where you will be billed every month for bids.
2. Bid in the early morning. Nights, lunchtime and weekends are the busiest times for bidding. It is better to bid during low-traffic hours which are usually around three to five in the morning when most people are asleep. Another low bidding time is early in the morning when most people are getting ready for school or work. This is the time to find several items you would like to bid on and write down their URLs and ending times. Just before the bidding ends, you make your bid. This will give you the best chance to win.
3. Bid only on what you really want. Bidding on too many things at the same time will dilute your attention and you will lose the focus you need to place a bid at exactly the right time. This will cause you to waste bids instead of saving them for the item you target. In the last few seconds you may need to bid several times.
4. When there are several hours left for bidding, don’t start bidding. There is too much time left for someone to out bid you. Wait until there is only 10 minutes left for bidding. Some people advise to start bidding only one minute or less before the end because every time there is a bid, the time for bidding is extended. There are also bidbutlers that automatically bid when the time is almost ended. They can get into bidding wars and extend the time. If you are patient and wait, you can outbid the bidbutlers. Especially if you are bidding in the low bidding traffic time.
5. It is a good idea to bid on things that you want to buy for the full retail price. If you win, you get a huge savings and if you lose, you still get an option to buy the item at a discount. Many penny auction sites have a feature that allows you to buy the item at a greatly reduced price if you lose the bid. The price is based on how much you bid. This way you don’t waste your bidding money.
How To Win Penny Auctions
Penny auctions can spice up your online shopping experience. In addition, the winner will typically purchase a product for substantially less than its retail price. Shoppers buy incremental bids at a low price, for example a 50 pack of bids will allow the bidder 50 chances to potentially win. The auction begins with a bid of one cent. Every time an individual places a bid, the cost of the item increases slightly and the auction time is extended by several seconds. The last bidder to place a bid wins the item and pays the final bid price. This may sound simple, but unlike traditional auctions there is strategy involved. No one wants to be stuck paying more than retail value for a product or even worse, pay for non-refundable bids and lose the auction. By using certain tips and tricks, bidders can win penny auctions.
- Check your Internet connection
While this seems fairly obvious, you would be surprised by how many people overestimate their Internet connection speed. Before entering a penny auction, be sure that your download speed is a minimum of 512 Kbps. This will ensure that you’re competing on a level playing field.
- Avoid bidding too early
If an auction still has several hours left do not bid. Chances are you will only be wasting precious bids as others will outbid you before time expires. Instead, do not start bidding until there are ten minutes or less left on the clock. This allows you to preserve your bids and take other bidders by surprise. In addition, each bid adds seconds to the clock. By waiting until the last second there is a chance other bidders will tire of the process and drop out.
- Bid on one item at a time
By going from auction to auction you will likely lose your focus. You also run the risk of wasting bids and being left with too few bids to win either auction. Concentrate on the item that you want the most and be sure you don’t miss any critical bidding opportunities.
- Capitalize on free bids
Take advantage of every free bid offer the auction site offers to decrease your cost of bidding on auctions. More bids means more chances to win. Many sites offer free bids when a user registers, with certain bid packages, and when an individual refers friends and family members. If someone you know registers, be sure that they list your name so that you can enjoy the perks.
- Refrain from bidding against a large number of people
If a lot of people are bidding on an item your chances of winning decrease dramatically. Instead, keep an eye on the bidding history and jump into auctions when there are only two or three other bidders left. But be aware that others may be using the same strategy and will bid when the time dwindles.
- Know your competition
Watch the board carefully before using any of your bids. Note the power bidders who seem to have an unlimited amount of bids and are willing to win even if it means paying more than the item is worth, new bidders, who usually bid on several items at once and win nothing, those who are easy to beat, and those who have won big. When bidding on an item watch the board and wait until the power bidders are either unaware or bidding on another item, the beginners have dropped out, and all that remains are those who are easy to beat. This is the point when you should start bidding.
