How to Use Penny Auctions to Make Money

Make money by winning penny auctions!

Penny auctions are gaining popularity at an alarming rate. Get in on this phenomenon now! Get a super deal on many different items, then sell them for a profit!

Instructions

1. Sign up for a penny auction site. I linked a couple below. Some give you complimentary bids right away, some after you purchase a bid pack.

2. Purchase a bid pack. The number of bids depends on how much you want to spend. Remember, the more bids you buy, the more chances you have of winning something!

3. Wait it out. Every bid ads 1 penny to the price and adds 15-20 seconds to the timer, so wait it out. When you see only one or two people bidding, throw your auto-bidder on and watch it go. Remove your auto bidder if someone else has theirs going though. That is very important to remember. "bot wars" as they're called are a good way to waste a bunch of bids.

4. If you do happen to win something, hopefully it's a higher priced item that you can sell. Try to only bid on the higher priced items. There's more of an opportunity to make money that way.

Tips & Warnings

• Be careful. This can be as addicting as gambling in a casino!

Resources

• Wavee.com
• Bidrodeo.com