10 Ways to Help You Win a Penny Auction
10 Ways to Help You Win a Penny Auction
10 Ways to Help You Win a Penny Auction
1. Embrace The Concept
The overall picture
Before anything else, please take your time recognizing that a "penny auction" site works. Although this type of sites present a golden opportunity to grab a HUGE convenience, many users do not take the time to really explore the idea behind a "penny auction" site, and therefore the purchase offers that are just beginning a frustrating, time-consuming journey.
An auction pen works quite differently from a "normal" auction. To join the user is required to purchase the opportunity to bid in an auction - this is the acquisition of certain tenders.
This is the idea behind a "penny auction" website - to operate the system, the vast majority of users will leave the site empty handed at the end of the auction - you should find a strategy to "beat" your competitors (other users following the auction).
How Auctions Work
Each auction has a countdown timer. The goal of each participant for each auction is to be the last bid for that auction, when the time counter reaches zero. Each time a bid is placed, there is a time increment the timer auction (the amount may vary generally between 5 and 120 seconds). In Zoinke, timers typically increase every 20 seconds placed bid.
At the same time, every time a bid is placed, the auction price also increases a predetermined price (usually 1 cent).
To bid or not to Bid
k be a successful bid in an auction site a penny, you should work for it - of course you can always be lucky and win a product from the competition after a few times - but if you really want to be a recurring profit of a penny auction site a lot of work and experience will be required.
Participation in a penny auction site is an exciting, nerve wracking, "grim" fun and addicting experience.
You're guaranteed to win, but every time you do, you can save lots of money. Keep reading if I was able to interest you.
2.Research the Website
This is perhaps the most important of the 10 steps, so read carefully.
There are many (and I mean far) the auction websites penny trick. There are many (and I mean a lot) of people start a business for this type of business (appeal from the obvious convenience of profit) with no previous knowledge whatsoever about the market or the company itself.
It is very difficult (and I mean very HARD) for a new venture to create a large enough customer base to obtain a robust website within a reasonable time.
Again, grab your calculator. Imagine that a new website that has an average of $ 2000 worth of products opening weeks. Under normal conditions, consistent with a fair amount of money invested well in marketing (in my experience) talk about 3 or 4 months when the site will necessarily lose money. The website should have the financial means to afford this time losing nearly $ 2000 week - which is a lot of investment.
When faced with this reality, the owners of the pen auction site is generally the easiest path - just create "fake" users fill in their accounts to public offers (who manage the site - can submit offers for the hand each user) and deliberately inflate their auctions with continuous supply of these "fake accounts" on the auctions.
In this way guarantees that you will never lose money - the auction will not end until you gain it. Although this practice is immoral, wrong and in my opinion, should just be considered illegal - this happens and this happens a lot. Do not make a mistake placing your money on the first page you "land", just to find a couple of weeks later the rogue site and it never really had no chance to win an auction.
So before buying a first bidpack, here are some pointers to avoid putting your money in the wrong direction:
The general appearance counts Website - Take a look at the design of the website. Does this seem to think? Is acceptable and unique?
* Alexa Rank - There are some services that follow each amount of website traffic. Alexa is one of them (www.alexa.com) - try to run the site on their system and compare it with some of its competitors.
* Pre-Made Scripts - There are some companies who take specialized in selling damn auction scenarios for the "masses". Personally I have nothing against work, nor can I comment on the quality of writing (mostly because I try not to).
There is a certain company that sells a screenplay, which is known to have a "shill bid" module (which guarantees that the auction does not end until it turns a profit for the owner of the website) - and there are many websites that perform this same scenario (you can find a demo here: http://www.swoopoclonedemo.com/).
Be aware of sites like the demo - was probably developed by the same team and therefore have the same unit.
* Look for Patterns - Take your time and analyze the site for a couple of days. Generally, there are clear signs of shill bidding - bidding patterns repeated in each auction is definitely a red flag.
3. Know your competitors
This is still an absolutely crucial point - to know you are competing against and know when to start a tender offer. Apart from the amount of money that each user decides to invest in a particular auction is the single, most important factor in their participation in a penny auction. Generally, users are available (and has the patience) to gather information on auctions and other users of the site on a regular basis are those who win more auctions.
If you are seriously interested to gain some information there that you should research before you start bidding:
* There powerbidders;
A powerbidder is a user who is willing to spend lots of money and time in an auction. Generally this type of user are still willing to lose money at an auction - and is a frequent visitor investor website tries to "see the big picture." It is better to lose $ 100 from $ 500 already made investments.
* At what time of day, there are more users online;
In a penny auction, the traffic is bad for the customer. Traffic means competition and reduces your chances of winning.
Try to find out the times when there is less traffic on the site. From my experience (and contrary to what many people may believe) hours is the time when there is more traffic (weekends and at the end of the day are good times for buyers of traffic-wise).
* Models bids
The ideal time to participate in an auction will be when you see a small number of users who have previously studied at auction to participate - you know the extent to which the investment is usually willing to go and what strategies they use to reject their competition.
4. Prepare
Many people find that after a penny auction is exactly what you expect. Winning an auction pen takes a fair amount of time and patience.
Although participants are generally an exciting, intense and pretty addicting experience can quickly turn into a frustrating experience. So before you start bidding make sure you are relaxed and have much time to follow the auction.
With what I have experienced, do not offer the biggest winners over the course of an auction - starting bid only for specific periods of the auction, usually when they see an "open", a time when not many users after the auction (and ideals that few are aware that users who attend the auction at this time).
So be prepared to spend several hours in front of your screen selecting the best time to participate in the auction.
5. Define your strategy
There are many users who simply addicted to this form of auction. So before you start make sure you know your limits. Also, make sure you specify how much you're willing to spend on each auction.
Based on the amount of time and money you're willing to invest, to determine your strategy. If you are planning to invest too much money, I'd suggest you see these kinds of auctions as a hobby or a pastime - somewhere where you can deposit $ 20 every month, and who knows, maybe even grab a great opportunity.
If you intend to become PowerBidder, I can say without doubt that some of our customers make their living from bidding on auction websites dime. Now, in order to be able to do so will require days, weeks, months of preparation and a fair amount of money to invest.
6. Discover the best times
Here is another picture, like any other site, there are certain times of day, where there is less traffic on the site.
In Zoinke, there are times of the day have decreased by 30% of users, compared with our peak. This corresponds to many users offline.
Now this is not linear, but generally less traffic = less competition = more chances to win.
7. Choose your products
I have emphasized this factor before, but it's really important when it comes to define the kind of users participating in an auction.
More expensive auctions represent more competitive and attract more qualified candidates. So my advice would be to start with smaller objects until you are sure you have the skills to analyze an auction and understand when it would be a good time to place your bids.
8. Use of AutoBidder
This feature allows you to place automatic bids for each auction, as long as there is the current winner.
Besides giving you the opportunity to attend an auction without being physically present in front of your computer, use the AutoBidder a clear deterrent effect on other candidates.
This is why it is very demotivating for someone to keep to compete with automatic - "Why should we keep offering if I know that the system will automatically place a bid for another user, every time the timer goes to auction under 5 seconds?".
Generally, when multiple AutoBidders present all offers to set all AutoBidders placed at the same time (except for the user who has AutoBidder with more deals available). Again, this does not happen in Zoinke - trying to keep things fair for everyone and therefore, AutoBidder puts us one bid per user whenever activated.
The AutoBidder is indeed a very deterrent tool. I can tell you that most of our winners have a habit of using it as a strategic tool rather than a way to follow the auction without being present in front of the auction.
From my experience, if you can find a time when you're the only user with an active AutoBidder and are able to keep the "status" for 20, 30 minutes or so, it is very likely to win that auction.
9. Buy
There are some strategies for which each user can be repeated if he can not win any award. In Zoinke, for example, offer the Buy option for many auctions.
Through the options market, if you are able to gain a product, you will be able to buy the product at retail price and discounts, the total amount of money you have spent on bids in the auction.
Now this is a great feature if you're really interested in buying something. Imagine that you really want a PS3 and we're going to buy it whether you win an auction or not.
If you think you can buy up to (say) $ 200 value of the tender. I suggest you buy all you're willing to spend the same time - in Zoinke, you will get more offers, if you buy a bigger bidpack (not an analog thing).
After purchasing the bidpack, you can be sure that the PS3 does not end auction. We also make sure that you only spend your bids for this auction PS3 (or you will not be able to deduct the total investment for this item a). Now, one of two things will happen:
* Best scenario, you will get a brand new PS3 for a fraction of the price and still has a number of offers to try and win another item that the first investment.
* Worst case, you use all of your bid and will not be able to win the console. In this case, you deduct only the total amount of bids that you have used to get a PS3 at retail price. If you spend $ 200 on special offers, you'll just have to pay another $ 99 for the console.
I would advise everyone not to deliberately get the total cost of the product in competitions (in this case I would not recommend getting $ 299 worth of offers). Remember that if you win the auction, will be forced to pay the final auction price, therefore, only investing $ 200 value of the bids, you win the console will still have a margin of $ 100 to pay for the auction.
10. Zoinke Store
This is another feature where you can get your money back. Every time you bid in an auction and loose, the amount of money you invest in the auction, you will be returned to Zoinke money.
Zoinke Money is fungible with discounts in our store. Take a look at our store, before you start bidding - take into account the maximum discount you can get and how much the product costs. If you find that there is an issue for the store you will find attractive, it takes away the "pressure" to win a place at an auction in order to not lose money. If you do not win, you just have to share Zoinke your money and go buy the product Zoinke Store.
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