Global Sports: Are Penny Auctions for Suckers?

Sunday, October 16, 2011

Are Penny Auctions for Suckers?

By Tim Ryan


Many individuals now have jumped on the penny auction bandwagon. For great reason. After all, where else can you get a brand new Droid X for just fifty dollars?

The problem seems to be that numerous people think that bidding on things in penny auctions is quite like gambling. If its done correctly, it isn't something like gambling though. Actually, with gambling the house at all times wins, which isn't the case with penny auctions. Why should think Las Vegas has all those massive glitzy casinos?

Penny auctions could be enjoyable, specifically if you do your homework and check out plenty of penny auction reviews from reliable web sites that really have put down their own personal hard earned money and tested it independently.

Having started with penny auctions about a year and a half earlier, I've tested most of them; like Xbids, Bid Macs, Bid Cactus, Plundr, Swoopo, Bid Bananas and BidHere, to mention just a few. Every site has its own good and bad points. The biggest thing with penny auctions is that most of them appear and disappear very quickly. It's a relatively straightforward business to get involved with, so you need to be careful.

What was once an obscure industry 1 year approximately ago is already turning into much more well-known. Besides, I also see penny auctions being promoted on the Mike and Mike Show on ESPN now!

Yet another thing is that the majority of penny auction web sites are just net sellers of merchandise to you. This is the great majority of most penny auction websites. You bid on their own inventory and you earn their items. Several penny auctions do either selling and buying.

The best, hottest penny auction website similar to this is bigger bidder. You can buy as well as sell and also the bids are incredibly inexpensive. Go and visit our bigger bidder review here for additional information.

And best of luck bidding!




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