subject: MyBidShack Penny Auction - Shows Us A New Way To Shop Online [print this page] MyBidShack Penny Auction - Shows Us A New Way To Shop Online
What is a penny auction? Well - unlike other types of auctions - in a penny auction the price begins at zero on each product. Each bidder has the opportunity to raise the price one penny at a time. The final bidder gets to purchase the item.
To bid, you must first come in and purchase a bid pack. These vasy in prices - each penny auction is different. Some have bids as low as 60 cents, while others can be as his as 2 dollars per bid.
Each bid purchased enables you to raise the price of an item by one penny.
These auction have timers, and usually you can see the upcoming items a few days in advance. This way you candetermine which items you are interested in, beforehand. When the timer gets down to, say, 20 seconds, bidding usually gets hot and heavy..
Each time a bid is place once the timer is below 20 seconds, it will go back up to 20 seconds again. It will never go above 20 seconds again... no matter how many bids are placed after that.
Generally, people are gettingbetween 70% to 95% percent off of retail when they shop at a penny auction.
These penny auctions are making a whole lot of money.Althoughthe winner of each auction usually get a great deal... everybody else loses money.
Not at MyBidShack! 50% of all profits go back out to the bidders.Take a look at the pay plan page.
All of the other penny auctions out there are pretty much the same. There is no loyalty to any of them. The only differences between them are the bid prices, and the items being auctioned off. Most bidders walk away losing - soword of mouth doesn't work to well with these types of auctions. They need to advertise constantly just to keep some bidders around.
At MyBidShack - you don't just bid... you BELONG. We are a communtiy. Once you sign-up and try it out... you will never, ever go to another penny auction site.
MyBidShack is implementing a really powerful marketing system called "Push Play". Basically, anybody can come in... sign up into "Push Play" and the business will build itself. Most people aren't thrilled about recruiting (and aren't that good at it!)
Register now - get some free bids,and build you future...
