Penny Auction Strategy

Let’s face-it, penny auctions can last a long time. And sometimes, they can last a really looooonnng time. For many bidders, auction running time is the determining factor between whether they win or lose. Let’s say you get started on an iPad penny auction at about 7pm. As midnight approaches, the auction is still running [...]

Let’s kick off today's discussion by talking about the mistake which every single new penny auction bidder makes- going for the gold. Basically, every bidder (including the authors of this guide) is duped into bidding on high-end products when they first start bidding in penny auctions. You see, the penny auctions are notorious for ‘selling [...]

In penny auction bidding, the "spoiler" is the bidder who enters an auction late in the game and takes the prize. Spoilers often refrain from bidding in all new auctions, focusing 100% of their bidding efforts on long-running auctions in the hopes that bidder fatigue will cause them to pick up an easy win. How [...]

Keep your friends close and your enemies closer We’d like to thank the Godfather (movie series) for part 3 of our penny auction guide. When it comes to penny auction bidding, a savvy bidder must know thy competition. The most important thing to know about your competition (other bidders which you bid against regularly) is [...]

What are the best penny auctions for gift cards? We have always recommended bidding on gift card penny auctions over all other types of products for a few reasons. First, they are as good as cash if you can use them in your day-to-day life (buying gas, groceries, going out to eat, etc.). Additionally, the [...]

Penny auction intimidation, also known as power-bidding, is a tactic when is used and mis-used all the time. Bullies who partake in this strategy are often blamed for driving prices up and ruining the experienced for other bidders. What is penny auction power bidding? Power bidding is a penny auction bidding technique where the bidder [...]

For this penny auction strategy tip we're not going to talk about what to bid on, but instead, we're going to talk about when to bid. There is really just 1 major factor which is out of your control as a penny auction bidder- competition. In reality, you have no control, and often little knowledge, [...]