Does anyone know of a good penny auction website out there ?
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Does anyone know of a good penny auction website ? I found one out there called pennypocus.com where the fee is low and it looks fairly new but I just want to know if there are any others out there that are as new as this one ? I've heard that getting in on the newer penny auction sites is a good way to start. Is this true? I would like low start up penny auction site if anyone knows of any. Thanks to everyone that can help me ; )
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Answer:
You can get a lot of objective help about penny auctions at http://ezinearticles.com. Use the search field and you should get about 800 references. There are more than 150 penny auction sites on the Internet. Some of them work, some are shady, and some are outright frauds, so you have to be careful. You should realize that to sell a $500 item for $15, they have to accumulate 1,500 bids, each of which costs the bidder about 70 cents. They are merchants, so the $500 product cost them about $300 and they collected more than 1,000 from bidders. The problem is that they can't afford to have the auction end after only a couple hundred bids, so they keep it going by having fake bidders bidding against you. That's why these auctions last for days. Don't count on a lot of success at any of them. A better alternative is the Kyrano auction, which is not a merchant. In Kyrano auctions, the price starts at a discount below list and goes down with every bid. They can't bid against you because it would be detrimental to them. You bid on discounts for products, ranging up to 90 percent, and when you win, you buy the product from any merchant of your choice. You can also bid on discounts on your credit card balance, student loan, installment debt, and other financial obligations. And for all financial auctions, if you don't win, you get your bidding tokens back for use in any other auction they offer
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Other answers
Use swoopo.com Variety of things.
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