beezid review - Have you been trying to discover what the best penny auction strategy that suits your needs is? I wouldn’t be shocked if this sparked your interests because developing a solid strategy can be the difference between winning amazing deals and watching it vanish away from right under you! You’ll see that there are various strategies that many people use, many of them work great for others and many strategies just flat out suck as well.
If you’re trying to develop your own penny auction strategy, there are many factors that come into play. One of the first things to consider is deciding if you want to be a “thief” or a “bully” An auction thief is a person that sneaks in at the very last seconds of the current auction and basically snags the item from the expected winner. An auction bully refers to someone that bids their max bid right off the gates to entice all the other competitors from placing any other bids.
beezid review - Each of the classifications has it’s pros and cons when it comes down to winning the auction. The pro to being a bully is that in majority of cases, you’ll be able to scare away the competition right from the get go. The reason behind that is because when most people scour the auctions and see that the bid amount is too high, they’ll turn away from it almost immediately. However, if you jump in the beginning with a high bid, you’ll face the risk of paying a lot more than if you were to just sit back and watch the penny auction play itself out. In a “thief’s” case you’ll come in at the last minute, make a quick bid and win the auction. With this factor, you’ll run the risk of either extending the auction long enough for the other parties to place a few more bids in. When that happens, you’ll again have the possibility of paying more than expected.
beezid review - The best penny auction strategy is one that you discover over a course of time and is built by first hand experience. There are many factors that come into play, but in the end your penny auction strategy should be one that is most successful for you and most importantly something you’re comfortable with. My greatest suggestion is to find some successful penny auction bidders and follow their successful auctions. When you do this, you’ll be able to discover a lot of cool tricks that you can use at your disposal. Down the road, you’ll end up with a specific strategy that works for you, and then from there you can go to many penny auctions and utilize your own crafted strategy to dominate any auctions.