Tuesday, May 6, 2014

A Penny Does Not Cost One Cent in Penny Auctions

You’re probably thinking this title is some sort of tongue twister or see it as an existential sort of discussion one when a penny is a penny or what not.  But this article basically wants to talk about penny auctions in general—and the fact that the pennies spent in the auctions register as pennies, but do not cost 1 cent as most people believe. 


It used to be that penny auctions really did use pennies as basic bids by bidders, back when it was done in a brick and mortar penny auctions houses.  That’s also definitely the reason why penny auctions are called what it is.  Which is also the reason why most people also think that online penny auctions will only cost them a penny per bid whenever they sign up. 

This is not correct.  A bid credit in an online penny auctions house will cost more than a penny as much as a dime or more.  The credits are bought in bundles which means you will be shelling more than a penny, definitely, before the bidding begins. 

But yes, every bid that a participants enter into the auction for the listed item registers as a penny on top of the current bid price.  That is why the item really appears cheaper than what it really costs. 

Is this scammy at all?  No, it isn’t.  That’s because it’s all listed in the terms in conditions of the thing you have to sign or tick off before you actually start bidding.  But it’s definitely a helluva marketing strategy, that’s for sure.  Making the item appear and cost lower than it should really does make someone want to say, hey!  I want to participate in this thing!  And when you do you find out that you’ve finally incurred a lot of costs while doing so.  It’s a pretty shrewd ploy for sure, but one you’re not bound to fall into if only you’d READ THE TERMS AND CONDITIONS!!!

Still the great thing about this setup is that while the pennies cost more than the traditional one cent, only one cent is actually added to the pot.  Which means one thing, the auction can go on for a long time with most if not all of the people participating in it able to afford the penny auctions.  It means a lot more people will be able to stay on during the auctions as it progresses and not many people will be left out.  If you’ve played the auctions at eBay, you’ll definitely hit a limit of how much you’re willing to pay for a listed item, and will opt out of the auctions.  In a penny auction since every time someone bids on the item only a penny is added to the pot, the increase is incremental rather than exponential.  It’s a system that democratizes the whole deal for a great many people who would not be able to afford the whole deal otherwise.  You could say that the penny auctions… is turning the whole system on its head, one penny at a time. 

So again, make it a point to read the terms and conditions.  It’ll save you a lot of trouble.  However if you’ve got a lot of pennies to spare… go ahead.  Just be warned that you’ll be sacrificing a lot more than a penny!


Tuesday, March 25, 2014

Sometimes this is how I feel...

...when I win an auction!
This is actually Wippy from the Ugly Doll collection by David Horvath and his girlfriend.  Most of the dolls are generally happy, but I find this one, Wippy very appropriate to penny auction wins!

Apparently it's a character that does things for you--positive things mind you--without you knowing it!  Like a reverse poltergeist that does you good rather than misery.  You definitely need to get some benevolent entity on your side when winning these auctions!

Wednesday, January 15, 2014

3 Penny Auction Tips

Sign up, and get going.  Go into the penny auction site, register, and buy bid packets--the stuff that'll allow you to bid for items.

READ the damn terms!  Sorry I have to be profane on this--but when people complain about what they sign up for, they're really to blame.  Check out what kind of membership you're buying into with your credit card deets.

Don't bid on too many items at once.  Keep it at one or two--too many gets you distracted from winning!

Monday, December 9, 2013

Penny Auction Start and End Times

How do you know when to start and end your auction? This all depends on the length of the auction. You will want it to end at a peak bidding time. This is usually in the evening and on a weekend, when most people have to monitor an auction of the item they want. If you choose a seven day auction, it may be best to start it on a Monday sometime in the early evening, as it will end of the following Sunday, or Monday, depending on the auction site calculations. This should offer people the opportunity to bid on items and follow auctions.

To bolster your wins, try bidding at dead hours or check up on auctions ending on holidays, as most people will be busy and not using their computers to bid online. Also, keep in mind that many people  are not on their personal computers during prime-time TV hours especially on a season ender episode. You can catch auctions ending at this hour.

Monday, July 1, 2013

Wii U on Wippy Pleases Game Buyers

Premier online penny auction site Wippy.com is proud to announce that Nintendo’s latest flagship gaming console, the Wii U, is available for purchase. The Wii U since its initial launch back in November last year, has been enjoying healthy sales on Wippy.com and continues to be one of the site’s most in demand products. Wippy.com also carries, in addition to a wide range of products, other Nintendo products including Wii U games and accessories, previous Nintendo models such as the Wii and its games and accessories, as well as Nintendo handheld devices such as the 3DS and Nintendo DS.

The Wii U, Nintendo’s stellar new game console comes with a unique controller that will remove the traditional barriers between the player, their games and their TV by creating a second window into the game world. Incorporation a 6.2-inch, 16:9 aspect ratio LCD touch screen right in the game controller, gamers will be able to experience their games to whole new heights. The gamepad also includes standard button and analog stick controls, motion control, front-facing camera, microphone, stereo speakers, rumble features, sensor bar, stylus, rechargeable battery and support for Near Field Communication.

The game console is backwards compatible and will run Wii games in addition to its library of Wii U games. It contains 32GB of internal flash memory for the Deluxe version and 8GB internal flash memory for the basic model. The Wii U also supports full HD display, 4 USB 2.0 slots and super fast internet WiFi speeds up to 150 Mbps.

Other top selling Nintendo Wii U products sold on Wippy.com include popular titles such as Nintendo Land and New Super Mario Bros. U.

The availability of the Wii U and other digital devices, including those from Microsoft, Apple, Samsung, Sony, Toshiba and more, is in line with Wippy.com’s objective to provide fully stocked up-to-date electronic and consumer goods all at affordable prices with an average of up to 95% knocked off the original retail price.

Wippy.com is available in over 20 countries worldwide with language and customer support for regions all around the world. To learn more about Wippy.com, please visit: http://www.wippy.com. 

Sunday, June 2, 2013

Wippy.com and the New iPhone 5

Premier online penny auction site Wippy.com is proud to announce that Apple’s flagship phone, the iPhone 5, is available for purchase. The iPhone 5 since its initial launch back in September last year, has been enjoying healthy sales on Wippy.com and continues to be one of the site’s most in demand products. Wippy.com also carries, in addition to a wide range of products, other Apple products including similar devices to the iPhone 5, such as previous iPhone models, 5th generation iPod Shuffles, iPod Nanos and iPads.



The iPhone 5 comes with a new and updated sleek design, a 4-inch Retina display, a faster Apple-designed A6 chip with ultrafast wireless technology and improved battery life. iPhone 5 runs the latest version of Apple’s home grown operating system, iOS6 with over 200 new features including, Maps app, Facebook integration, Passbook organizer and Siri voice and language support.

The iPhone 5 is the thinnest smartphone in the world, with an all-new 7.6 mm anodized aluminium body that is 18 percent thinner and 20 percent lighter than iPhone 4S. The 4-inch Retina display is now taller not wider allowing for better use with touch screen applications, scrolling and for wide screen HD video display. The iPhone 5 supports dual-band 802.11n Wi-Fi support for a wireless experience as fast as up to 150 Mbps.

The iPhone 5 also comes with a powerful 8 megapixel camera redesigned with incredible optical performance, yet amazingly 25 percent smaller than the camera found in the iPhone 4S. The new iSight camera in iPhone 5 features a sapphire crystal lens cover that is thinner and more durable than standard glass with the ability to provide crystal clear images. The new panorama feature lets you capture jaw-dropping panorama images of up to 28 megapixels by simply moving the camera across a scene in one smooth motion. New video features include improved stabilization, video face detection for up to 10 faces and the ability to take still photos as you record. A new FaceTime HD front facing camera makes FaceTime calls incredibly clear and can also be used for self portraits and recording 720p HD video. iPhone 5 also allows you to share photos with friends and family using iCloud’s Shared Photo Streams.

The availability of the iPhone 5, current and previous Apple products, and other digital devices, including those from Samsung, Sony, Toshiba and more, is in line with Wippy.com’s objective to provide fully stocked up-to-date electronic and consumer goods all at affordable prices with an average of up to 95% knocked off the original retail price.

Wippy.com is available in over 20 countries worldwide with language and customer support for regions all around the world. To learn more about Wippy.com, please visit: http://www.wippy.com  

Thursday, May 30, 2013

Are Penny Auctions Sites Dead?

Are penny auctions on its deathbed? Some have met the death rattle (bidpennydeal.com, bidrodeo.com) and their untimely demise might mean a few things for the online entertaiment industry. That the best ones with the huge bidder following will remain (ziinga.com, wippy.com,
bidcactus.com, quibids.com)



Could Penny Auctions make a recovery?

Big Penny auction sites like Bidray.com went through the wringer and is now known as Dealdash.com - They've come out bigger with a stronger offering of incentives for bidders such as Power Hour and discount coupons.



Penny Auctions will survive for a long time as long as there are people looking for a good time online. Penny bid sites just need to up their ante and offer better prizes and bid packages.

So what would the future of Penny Auctions look like? They could become a hybrid of a few things. Changes may play around the credits for single bids or the way the clock works. Like any form of online entertainment, Penny Auctions will evolve and survive.