Penny Auction Site Legitimacy

Penny Auction Site Legitimacy

Penny Auction Site Legitimacy

Penny auctions are a great way for consumers to get brand new, high-end merchandise for prices significantly below retail. From Saks Fifth Avenue gift cards and sterling silver Tiffany bracelets to Ray Ban sunglasses and high-definition televisions, there is a penny auction that fills every need. Some bidders have won iPods Nano and designer handbags for pennies on the dollar.

Even though penny auctions are the latest online shopping trend, online shoppers should conduct their due diligence to determine a site's legitimacy. The best way consumers can determine a penny auction site's legitimacy is by researching the number of auctions the site has going on at any given moment, the number of bids placed, and the site's traffic ranking. If a user sees multiple auctions at one time, he or she should check out the site's traffic to make sure that the bidding activity matches those bids being placed. The easiest way to conduct this research is by using and referring to online resources such as Alexa.com, Compete.com, and Quantcast.com. These sites provide consumers with the latest, up-to-date ranking and traffic statistics.

Another way consumers can determine a penny auction site's authenticity is by checking to see if bidders are constantly bidding around the clock. This is an indication that the site may be using bots or shilling bids.

Just like any other site, it is the consumer's job to research each company thoroughly to determine which penny auction works best for his or her needs. There are new penny auctions emerging every day, so it is at the consumer's sole discretion to determine which site to join. For those interested in Christmas or other holiday shopping, they can get some awesome deals for awesome prices if they know what sites to join.

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