If you’re new to the wonderful world of penny auctions, there are select websites that are best for learning the fundamental techniques. Here’s how we’ve broken down the benchmarks:
If you’re a newbie, you should generally stay away from really big and really small penny auction websites. An example of a really big site is DealDash.com – which would be way too competitive for you. New bidders way too often will spend all of their bids across multiple auctions, which spreads them too thin and guarantees loss.
Most of the bigger penny auction sites spend big bucks on advertising. Although this is good for the site, it means most of the auctions you run into are swarmed with bidders. Based on shear numbers alone, you’re almost guaranteed to have one or two power bidders and/or spoilers in your auction. This makes it almost impossible for you to win anything. These power bidders and spoilers are also most commonly found the smallest of penny auction websites.
For the above reasons we think it’s best to start out in medium sized sites such as HappyBidDay and OrangeBidz. You’re much more likely to be successful and while learning the most effective techniques.