Cheaper Bids = More Bidding Power

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For all intensive purposes, penny auction bids are a form of virtual currency. And like any currency, power comes from acquiring penny auction bids at a cheaper price than the competition. Here are a few reasons why.

auction-bidding-powerCheap penny auction bids means more bids

Let’s start with the obvious. If you’re budgeted to spend $100 on bids, you want to find the deals where you can get the most bids as-is possible for your money. After all, paying full price for bids on any penny auctions website doesn’t go to far unless the bid package prices are extremely steady, as-is the case with Quibids.com.

The lower the bid price, the more the spending power

Let’s say you’re bidding on a gift card against 10 other bidders. Each bidder has acquired their bids at a different price. Why?

  • Some of your competitors bought at full price
  • Some won auctions for bid packages
  • Some took advantage of bid package specials
  • Etc.

At the end of the day, let’s assume that these three conditions are true:.

  1. All of you have 200 bids
  2. You paid an average of $0.40 per bid
  3. Your competitors paid an average of $0.20 – $0.60 per bid

While all of you have the same number of bids, you have an immediate advantage over your competitors who have paid more for each bid than you. Why? You can afford to expend more bids than they can, and the value of the gift card still make it worthwhile.

  • You pay: 100 bids X 40 Cents  = $4.00 in bids
  • Competitor X pays: 100 bids X 60 Cents – $6.00 in bids

So if you and competitor X both expend 100 bids on the auction, but you paid 20 cents less per bid, you’ll end up paying about $2 less for the card. This is a big deal because it means that you can actually use 50% more bids than your competitor and end up paying the same amount.

That being said, you have an immediate dis-advantage over your competitors who have paid less for each bid than you. Why? You can afford to expend more bids than they can, and the value of the gift card still make it worthwhile.

  • You pay: 100 bids X 40 Cents  = $4.00 in bids
  • Competitor X pays: 100 bids X 20 Cents – $2.00 in bids

So if you and competitor X both expend 100 bids on the auction, but you paid 20 cents more per bid, you’ll end up paying about $2 more for the card. This is a big deal because it means that your competitor can actually use 50% more bids than you and will end up paying the same amount.

The moral of the story- Your bidding strategy begins far before the auction actually starts. Acquiring bids for each penny auction website at the lowest possible price is critical. Here are a few guides on getting the best deals and free bids for each of the major penny auctions:


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