Penny Auctions World: Online Auctions as a e-commerce option

Online auctions, collective purchasing, online outlets. There are so many innovations in electronic commerce that consumers have no excuse for paying more. E-commerce continues its unstoppable growth rate and the Penny Auctions market has grown with the online shopping growth.

Penny Auction sites have been available in the U.S since 2008 and they have attracted a devoted following. There are many internet blogs where Auction lovers can share strategies and testimonials.

Some people resist trying an online auction because they think it is a form of gambling. However the Washington state attorney general's office concluded Penny Auctions don't constitute gambling under state law. It is looking into whether they meet the legal definition of lotteries, which are regulated.

Whether being considered an entertaining way to purchase products or a very serious competition with a great prize, Penny Auctions are a growing market and they have become one of the most popular e-commerce options around the world.

Penny Auctions World: Brazil

We will start a new segment on the blog: The Penny Auctions World. Anytime we hear any news about online Auctions in different countries we will share it with you. The first country we will talk about is Brazil.

The pioneers of the idea in Brazil were Sylvio Avilla and Guilherme Pizzini. They decided to start this business in the country after Sylvio Avilla went to Germany and learned about this new kind of e-commerce. In 2008 they launched the first Penny Auctions site in Brazil, Olho no Click ("looking at the click"). After that the Penny Auctions fever completely swept the country.
With the help of two other partners they launched Olho no Click in 2008 with a budget of about 270.000 dollars and the success was immediate. By the begining of 2011 the website had already 400.000 customers, after achieving a profit of about 2.5 million dollars in 2010.

In 2012 Brazil has 121 Penny Auction sites. Despite the fact that only 43 of them are active, the brazilian online Auctions market expects for this year a profit of about 21 million dollars (same profit achieved in 2011).

Welcome

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You might be thinking: "There are so many Penny Auctions sites, why should I check out these guys?" Well, the answer is simple. We don't want to be just one more online Auctions provider. We want to start a revolution on Penny Auctions, one token at time!

Some Auctions websites think of people as bid buyers. We think that bidders are people seeking for great deals! Our mission is not only providing Auctions but we want to create a nice environment and give people a chance to have fun while they win memorable Auctions.

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