Definition: Pricebenders Auctions
Pricebenders
Auctions deliver brand new (and, occasionally, refurbished), brand name
merchandise, gift cards, and more at prices that are far below typical retail.
Prices start at just $.01, and with each bid received, the price increases by
just one cent. The final bidders on these penny auctions may then buy the items
for the ending price (usually a fraction of the normal retail price, with free
shipping). TripleClicks "TCredits" are used for bidding on
Pricebenders Auctions. Be the final bidder and you win the item. IF YOU CAN'T PLAY CAN'T WIN
Tips & Strategies
For Winning Pricebenders Auctions
There seems to be
no limit to the number of tips and strategies out there on the Internet about
how to win penny auctions and spend the least number of bids to do it. Trouble
is, there seems to be little consensus on many matters. Some “experts”
recommend using auto-bid tools, others warn against them. Some stress intricate
strategy and mathematical accuracy of bid timing and amounts. Others claim that
winning is most simply a matter of bidding at the right time.
However, what most
DO agree on is that preparing yourself and practicing a few, clear penny
auction do's and don'ts could save you a lot of money AND increase your chances
of winning. For preparation, read (and re-read if necessary) the “How It Works”
article HERE. Then, before placing a bid for a Pricebenders auction item, be
sure to familiarize yourself with these essential do's and don'ts:
Pricebenders Do's
DO...determine a
bid budget and stick to it.
DO...watch the
auction timer. If the counter almost reaches zero again and again before
starting over, it means that there are probably not very many members bidding
on that item...and that means your chances of winning are higher.
DO...consider some
of the less-expensive items. Generally, fewer people bid on cheaper items and,
again, fewer bidders mean your chances of winning are higher.
DO...time your bids
wisely. This is a vital factor to winning. Bidding right after the start of an
auction, for example, is usually a wasted bid.
DO...observe the
auctions and list of recently won auction items to determine the best time of
day that consistently have the fewest bidders (generally, the lower the winning
price, the less bidders there were).
DO...enter the
"Pick The Price" contest. Submit the amount you think will be the
winning price of any Pricebenders auction. Pick the exact price--or be the
closest if no exact picks--and you'll win a share of our daily Zackpot and a
nifty badge for your TripleClicks Homepage! Play for just one TCredit per
entry/auction. No purchase necessary to win. Plus, each entry earns you 5
Member Rewards Points! Hundreds of chances to win weekly and no win limits.
DO...purchase your
TCredits for bids in bulk if you can. In this way, you'll minimize your cost
per TCredit (as low as $0.29 each) and ensure you'll have as many as you need
to complete an auction. Running out of TCredits at the last moment can be
costly...and heartbreaking!
DO...if you're on
the TripleClicks homepage, check out the auction item's description page by
clicking the item name. In this way, you'll be sure to know EXACTLY what you
are bidding on and avoid unpleasant surprises later. You'll also be able to see
the bid log listing all bidders for this item. Tip: Click on a bidder's name to
see their TripleClicks "TConnect" Webpage to learn more about him or
her.
DO...use
Pricebender's Auto-Bidder with care! This useful tool can ensure your bids are
entered automatically, so you won't have to stand by monitoring an
auction...but it should be used carefully and with your budget in mind. Tip:
Let's say you think an item's final price is going to be $5.75. A smart
auto-bid might be to set up, say, 10 TCredits for between $5.50 and $6.00. Of
course, keep in mind that if the price never reaches $5.50, none of your bids
will be placed. Conversely, if the price goes beyond $6.00, someone else may
win the auction after your ten TCredits have been automatically bid.
DO...read
Pricebenders Rules & Policies and be sure you understand the rules and
limits for participating in the penny auctions
.
Pricebenders Don'ts
DON'T...spend more
on an auction than you are willing to lose.
DON'T...wait too
long to bid. Connectivity issues, computer crashes, latency (network delays),
and other factors may interfere with your bid. If you wait till the last few
seconds to bid, you're running the risk that your bid won't go through in time.
And make sure you understand that when you bid, it just resets the auction
clock, so being the last one to bid before the clock hits zero gains you little
if anything...and may just keep you from winning if your bid is delayed by one
of the afore-mentioned technical issues. If your strategy is to wait until the
"last possible moment," we recommend bidding with NO LESS THAN 5
seconds remaining.
DON'T...get overly
excited when bidding. You'll be more likely to break your budget and/or use
your TCredits up faster than you need to.
DON'T...get in a
bidding war with other bidders. If you can, sit back and let others battle and
use their TCredits trying to out-bid each other.
DON'T...pick an
item on which to bid just because it looks like only a few members are bidding
on it. A lot of members wait until the last few moments to bid. So while it may
look like only a few bidders are interested, dozens more are probably watching
and waiting—particularly if it's a popular item.
Unquote:
Apart from the
above, I don't think there are any other tips that will help in winning the
auction EXCEPT one's LUCK FACTOR!!
Wish you all the
very best to win!!
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