Penny Auction Site Coupons
Free Bids, Discounts & Tips Before You Play

1. Buy-It-Now
The best Penny Auction sites give you the option to purchase items you bid on but don't win for the retail price minus the value of the bids you placed on the item. That means you can take a chance to get an incredible deal and still only pay the regular price if you don't win!

Example:
Retail price is $100
Bids are valued at $0.50 each
You bid 20 times but did not win
Your "Buy-It-Now price" is $90 ($100 - $0.50x20 = $90)

2. 100% Money-Back Guarantee
Even experienced users should look for a money-back guarantee or refund policy before signing up with a new site - it demonstrates the site owner's confidence that they are providing a good service.

3. Win Limits
To give more users a chance to win many Penny Auction sites limit the number of items you can win within a certain period of time. This prevents power users from dominating auctions.

4. Good Better Business Bureau Rating
Only use BBB accredited sites. Bad BBB ratings and user complaints are a red flag!

5. Good Customer Service
Sites that genuinely want to create the best experience for their users are willing to go the extra mile with support.

Get Familiar Before You Bid
Take a few minutes to familiarize yourself with the auctions before bidding. Every site has a common feel, but the rules and bid prices may be slightly different. Watch auctions as they are ending and take note of how other users tend to bid.

Focus On 1-2 Items At A Time
You rarely win by throwing bids at a lot of different auctions. The most consistent winners commit to a single item and don't take their focus off. Be aware that cheaper items are generally less competitive and easier to win. If the site has a Buy-It-Now option try to pick items you want to buy anyway - if you don't win your total cost for the item will never be more than the regular retail price (see "5 Things Great Penny Auctions MUST Have" post for more details).

Bid Aggressively
Bidding immediately after other users does 2 things. It shows you are an aggressive bidder determined to win and other users may not want to their waste bids. More importantly, users that are consistently the last bidder have a much better chance of winning. This is generally much more effective than trying to slip in "last second" bids even though you are bidding more in a short period of time. Keep in mind you may want to wait until an auction gets some traction before you jump in to avoid wasting too many bids early on.

Keep An Eye On Your Bids
Make sure you have enough bids, you can lose auctions if you run out. Know how many bids you've spent on an item and when it makes sense to use a Buy-It-Now option. When buying bids you always get a better price if you buy more, though new users may want to start small to get an idea of what the experience is like first.