Ebay seems to be a bit of a dinosaur when it comes to buying and selling at an online auction. For bidders, it’s sort of lost the “jazz” and for sellers…forget about it, they get racked with fees. I think as far as internet auctions go in general, penny auctions are a much more fun and exciting way to win an auction as a bidder. It is dynamic and interactive. The key with penny auction sites is to find one with good value. That is, a good bid/price ratio. Sites like swoopo can get quite expensive. Especially because after paying for your bids, you are often times stuck paying a high auction price on top, and this is like a double whammy. A new site that is geared to this format, called http://www.5050auctions.com has reinvented the market. Everything sells for 50 cents or less!! So if you do win the auction, you don’t then have to pay a large premium for the item as well. They are also the only site of their kind that actually gives winners 50% of their bids back. So as a winner, you get a really terrific value. 5050auctions.com also has lots of incentives, and very reasonably priced bidpacks, to where you can lower your bid/price ratio down to 50 cents/bid. So if you use 500 bids to win a big screen television, you end up getting it for a little over $100…Where else can you get that kind of a deal?
Tags: auctions, cheap auctions, ebay, internet auctions, online auctions, penny auctions
