When to Bid
With so many auctions happening at one time, its really hard to say when is the right time to bid. Here are a couple of helpful tips to get you going.
Go All In During Off-Peak Hour
This is a penny auctioning strategy tip that is almost guaranteed to help you win. Since the only factor you’re not in control of in a penny auction is competition, you can sway the favors your way by bidding at times when there are clearly fewer participants.
Usually the least busy times are during working hours on working days. For most people, that is between the hours of 4 Am and 6 PM, Monday to Friday.
The Downfall to Slow Hours
Most penny auction websites know that there will be less bidders available during off-peak hours, they will often offer less auctions during those times. There are even some penny auctions that don’t offer services during these hours. In short, do your research and watch the patterns of each site.
So when is the best time to bid?
The answer to this question is dependent on the penny auctioning website that you’re interested in. do your research on each site, and pay attention to the number of bidders in each room during certain hours of the day. This is the key to penny auction strategy at it’s best.