Fundamentals are Important in A Penny Auction
Fundamentals need to be observed during the learning phase and during the bidding that takes place in a penny auction. Add these tips to your arsenal and it should help you bid on, and win, cool products for pennies on the dollar.
1. Internet Connection
Head over to bandwidthplace.com and do a quick test to see how fast is your internet connection. If your download speed is lower than 256KBps it’s not good, anything over 512KBps and you are ready to GO ! Going Once, Going Twice..SOLD !
2. Register and Pick a Username
Choosing a username is not as easy as it sounds. My user name is Don’tYouDare, you will not believe how many people back off from the auctions just because they’re intimidated by the name. This is what we like to call a sneaky username, however there are 2 types, each chained with a specific winning strategy:
- Intimidating: Username is a reflection of your personality and your play style, it will make people think twice before bidding against you. Pick a confident dominant powerful one like “WithoutLimits”, “YOU_WILL_LOSE”, “WontStop”, “Igot5000Bids” etc. Who is in control here ? “YouAlreadyLost” or “pennyboy12″ ?
- Sneaky: This is the smart approach. “BID CLOSED”, “ITEM GONE”, “PRIVATE AUCTION”, “ENDED”, “AUCTION DOWN” etc. I
3. Buy Bids
Bids are sold in 50, 100, 150 (you get 100 free so 250) and 500 packages
4. The Perfect Penny Auction
After you got your bids don’t run to the first item you see and start bidding like an elementary school child. You must analyze the board for at least 20-30 minutes ! The key point here is that you must spot the newbies because they are very easy to beat; an experienced penny auction player may have 5000 bids available and you don’t want want to throw your money away on more bids, do you ? Newbies are very easy to spot, they bid on multiple auctions ( aka 10-20 bids on an item and then jump to another) or you see their names on penny auctions that are not yet live. NOTE ! Keep an eye on beginners only penny auctions where only users that have not won something are allowed to bid, a lot of new players bid there.
These tips should help both the novice and the seasoned penny auction veteran. So gather your new found knowledge and come visit Eno Auctions where you can register and begin the exciting pursuit of obtaining top products for pennies on the dollar.