Sunday, July 8, 2012

Penny Auction World: Understanding Online Auctions

Some people might still be confused about how Penny Auctions work.

Penny Auctions are online shopping sites which allows a person to buy a product paying a lower rate than the retail price. In most of the cases the discounts can go up to about 90% of the original price.

To be part of an Auction the user needs to purchase a bid package.
The Auction duration depends of the number of people trying to buy the product. Each new bid will reset the clock increasing the Auction time. Also for each bid the value of the product is increased by a penny. The last bid before the time limit is reached wins the product.

The most important thing to understand before you start bidding is: The person who best administrates the bids and the Auction time, ends up winning the best deals.





So.. Are you ready to become a Bid Champion? Go to BidPlayers.com and sign up for launch deals!

2 comments: