| Penny auctions are more intense versions of | | | | out, since they like to keep things honest and simple, |
| websites like eBay. People bid on items, but you | | | | with just 1 penny increments. |
| pay for bids, and bids raise the item price just 1 | | | | #3 How the Clock Works |
| penny. | | | | The time settings vary from site to site, but the |
| #1 Buying Bids | | | | clock usually goes up some seconds after a bid is |
| Honestly, the price of bids varies from site to | | | | placed. Stay away from sites that put up to 30 |
| site—just as site quality does, too. I've seen | | | | seconds or more on the clock every time someone |
| some sites with nothing exciting to win go down to | | | | bids. For one, that is boring and takes a long time |
| sixty cents while other sites try and charge you all | | | | when many, many people are bidding. Also, it's |
| the way up to a whole dollar—believe me, that | | | | pointless because the best way to win is being the |
| definitely adds up after a while. Remember to go to | | | | unexpected person to bid at the last possible |
| the value sites. They keep an even road of top of | | | | moment. Now I like One Cent City. Their timing |
| the line products and exciting. | | | | system is easy to follow and really thrilling. It goes |
| #2 Price Increment | | | | by short increments of only 15 seconds, so every |
| Growing up in a small town where folks help each | | | | time someone bids, 15 seconds are added to the |
| other, I've actually become adept at online penny | | | | clock. It gets really exciting when it gets down |
| auctions and really know my way around the major | | | | below 2 minutes, because no matter how many new |
| sites. I'm a seasoned bidder, but I never forget my | | | | bids there are, the clock will cap at 2 minutes. Then, |
| small town roots, and am definitely happy to share | | | | when the clock goes below 1 minute, no matter how |
| my success secrets with others. I love to win, so | | | | many new bids add more time, it will cap at just 1 |
| you can imagine my annoyance in the thrill of the | | | | minute. Once it goes below 10 seconds, the clock |
| moment when the clocks start counting down all | | | | will cap at 15 seconds, which makes it really intense! |
| over the screen and you have to not only keep | | | | #4 The Risk-Free, Buy-it-Now Option |
| track of other bidders, but also which auction charges | | | | Some sites have a Buy-it-Now option. You can buy |
| what for each bid! Can you imagine, a one cent | | | | the product even if you don't win the auction. I use |
| auction over here, a 10 cent one over there, one for | | | | the tailor made, buy-it-now feature they offer at |
| 15 cents over there? The goal is definitely to save | | | | since (1) they still offer the item for normal retail |
| time, not waste it. I make smart bidding choices | | | | price, (2) they use a Guaranteed, Risk-Free® Policy, |
| and I don't know who would waste their time with | | | | and (3) their auctions are easier to win than most |
| that. Fortunately, the business research shows | | | | because I they just opened and less people know |
| some sites keep it simple, at 1 penny increments. | | | | about them. |
| One Cent City is a site I just discovered and tried | | | | |