Saturday 5 November 2011

Try purchasing from penny auctions


If you like something and its expensive even on the auction websites then you can try purchasing that from the penny auctions. There are few websites offering these kinds of auctions over the internet which is fairly a new concept. People usually get products way cheaper in these auctions even at prices way lower then the original prices.
In this kind of auction users have to purchase bidding packages from the websites offering such services. Then users can bid on any product which is open for auction. Each time a bid is placed the bidding price of product has an increment of 1 cent in it. Similarly there is always a closing time for the auction and each bid ads up 10 seconds in the closing time of the auction. When this closing time reaches zero, the last bidding person becomes the winner and purchaser of product.
That means if you try purchasing from penny auctions then there are chances that you end up purchasing a product at a price even lower then its manufacturing price. Even if you are not successful in purchasing anything then you only lose the bidding you done for purchasing not the money.

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