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Monday, November 14, 2011

My Opinion Monday- Penny Auctions

Have you tried using a penny auction? Well, I have seen it advertised for a while now and thought I would check them out and see how easy it really was to purchase an expensive item for pennies on the dollar. My personal opinion, unless you plan to continue to spend a pretty penny on their bid packages, then it’s really not worth the effort. You also really need to purchase at least 100 bids in order to win anything. Every time you bid it raises the price up one penny and also adds another 10 seconds on to the timer. There’s where they get you! Chances are you are going to have to go back and forth with other auctioners for a while  and it’s the last person to bid when the timer is at 0 that wins, however every time someone bids they add the 10 seconds. Guess what, every time they add that 10 seconds and when someone else bids you have to bid again which is using your bids. Your bids will go quickly TRUST ME! So, there you go again having to purchase, yet another, bid package and just blew $40+ on your first bid package that you didn’t win anything with.

Maybe its just me, but I really see no point. If its too good to be true, chances are that it truly is too good to be true!

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