The Joy of Bidding Online

When every bid feels like a gamble then you just have to stop yourself from going overboard. People bid to have fun with the possibility in mind that you can win that gadget du jour, but if you think you're bidding impulses are tide into this overwhelming urge to get high on a sudden win. Then you're headed for a major downfall and not an auction windfall. Bidding til you're broke is a habit that's just too excessive.

I cannot stress enough that I don't find online auctions or even penny auctions as gambling. They are far from being casino slot machines. Some people just don't know when to stop, same thing happens when they're out on retail therapy swiping their credit cards away til their maxed out. With shopping or anything involving money, you always gotta have a budget in place and a financial plan in mind. Same for doing the rounds with online auctions, you just gotta have a strategy in mind, you gotta bid at the best possible moment.

Bid Auction Site: BidsTick.com

BidsTick.com

PROs:

• Auctions start at $0.01 and each has a timer called “tick-time.”
• Bid Packs are available in quantities of 10, 20, 50, 100 and 500; prices range from $10 to $500.
• Bidders can qualify to receive free bids by purchasing bid packs; the more you buy the more you can earn.
• New members receive 3 free bids upon registering.

CONs:

• Their items are shipped via Amazon.com which means can take anywhere from 6-8 weeks to be shipped to you.
• Some restrictions for shipping in Alaska and Hawaii based on the size of the item.
• Each bid placed by a user lengthens the auction time.

Bid Auction Site: Winnow.com.uk

Winnow.com.uk

PROs: 

• All auctions begin at $0.01.
• Their BidAssist tool can automatically bid for you.
• Bid Packs available in quantities of 10, 25, 50, 100, 200 and 500; prices range from $7.99 to $319.84.

CONs:

• Bidders are only allowed to win 8 auctions within a 7-day period.
• Currently, due to their tight daily budget, they only have 12 auctions per day.

Bid Auction Site: BidRay.com

Bidray.com

PROs:

• All auction sales begin at $0.01.
• New users receive 3 free bids
• Members can earn 5 free bids for each person that they refer.
• All of their profits go to charity; they donate 100% of the final sales price of the winning item to the charity of your choice.
• Bid Packs available in quantities of 15, 50, 100, 200 and 400; prices range from $19.75 to $399.75.

CONs:

• They do not offer services to the following states: Arkansas, Arizona, Alaska, Florida, Hawaii, Delaware, Illinois, Kentucky, Iowa, Louisiana, Montana, Maryland, Tennessee or Vermont.