Penny Auctions

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Posted on: 2nd Nov 2013

Pricebenders� is a section at TripleClicks.com that features live "penny auctions."

Pricebenders� Auctions deliver brand new (and, occasionally, refurbished), brand name merchandise, gift cards, and more at prices that are far below typical retail. In fact, prices start at just $.01 (yes, just one cent!). With each bid received, the price increases by just one cent. The final bidder may then buy the item for the ending price (usually a fraction of the normal retail price).

Pricebenders� Do's

DO...determine a bid budget and stick to it.

DO...watch the auction timer. If the counter almost reaches zero again and again before starting over, it means that there are probably not very many members bidding on that item...and that means your chances of winning are higher.

DO...consider some of the less-expensive items. Generally, fewer people bid on cheaper items and, again, fewer bidders mean your chances of winning are higher.

DO...time your bids wisely. This is a vital factor to winning. Bidding right after the start of an auction, for example, is usually a wasted bid.

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Pricebenders� Do's

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