How to Win Penny Auctions Using Only Free Bids

How to Win Penny Auctions Using Only Free Bids

In other words, if you bid on a penny auction and fail to win the product, you will lose all the bids placed, which can translate into a sizable loss for nothing to show in return. This is unlike traditional auctions like eBay where if you lose, you just don't win the product but at least don't lose any money.

However, the is no return without risk. The return on these auctions is really sweet, if you consider you can win an Apple iPad for $10 or Macbook for $30. These unbelievable prices are only possible on these sites. So how do you cut your risk and win on penny auctions?

The answer lies in using free bids provided by almost all penny auctions today. These free bids are given to beginners so they can get a taste of the auction model and also to promote their site. However, by learning about penny auction strategies in advance, you can actually use these free bids to win products.

I won't lie to you - it is almost impossible to win a Macbook or iPad using just the few free bids. However, you can win some smaller items, like gift cards or smaller electronics items like headphones, memory cards, etc. These range in price from $10-$50 typically and these can be won without any investment from your side at all.

The first step to do is to look at the different penny auctions. Established sites like Quibids and Beezid have special beginner auctions where you can use the free bids. Always search for a coupon code before joining these sites. Since only beginners have a chance of bidding on these auctions, you have a higher chance of winning these auctions.

However, an even better deal is to look at new penny auctions. Why? Because not many people will now about these sites and even if they do, not everyone joins these. Therefore you will have a higher chance of winning these auctions. But you should always be careful to choose only the legit sites because there are a few scam sites out there in this niche that will not ship the products.

So the best way is to read some reviews and join a new auction site. Search for coupon codes and get as many free bids as possible. Then start bidding on smaller items and you will have a very high chance of winning. Once the item is shipped and you trust the site, you may want to invest more into the site to get excellent winning deals on high-end products like Macbooks.

If you are looking for the best new penny auction site, check outOMGiWON Using the coupon code "wow", you can win 12 free bids, enough to win you small items. The site is genuine and legit. You can also read up other penny auction strategies by visiting my other articles to know how to win big and save up to 90% off your shopping!

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