Shirley, NY (PRWEB) January 23, 2014
Local New York based Penny Auction website, BidBigger.com has announced a full expansion for North America. The popular online Penny Auction website now allows both U.S. and Canadian users to sign-up.
What are online Penny Auctions? Penny Auctions are fast paced auctions for premium items such as gift cards, electronics, home goods, women’s fashion products and more. Each time a customer bids the price of the item goes up by 1 penny. However each auction has a countdown clock and once the time gets down to 30, 15 or 10 seconds (depending on the auction) then each bid will reset the clock back to 30, 15 or 10 seconds.
Customers can bid on these items in a fun, fast paced, real-life speed auction house feel. The customer who places the last bid before the countdown clock hits zero wins that item.
Items often sell for much lower than retail prices. For example, an iPad may sell for as little as $8. So how does this business model work do you ask? Well customers must buy their bids and typically bids are 60 cents each.
Customers can buy bid packs in blocks of as few as 10 bids or as many as 500. Customers can then use a variety of strategies to bid on items that they would like to win. “Bidding certainly gets the adrenaline pumping and winning even more so.” Said Daniel Walsh of Smithtown, NY. “You just need to figure out how much you are willing to spend to try and win an item and then go at it with a good bidding strategy. It is a lot of fun and many times you can win items at a big savings.”Daniel is one of millions of Penny Auction users worldwide who bids on numerous Penny Auction sites regularly.
BidBigger.com has emerged as one of the fastest growing auctions sites and now hosts several thousand users in just a few months. When we contacted Bid Bigger about what makes Penny Auctions successful, they responded that the key to success is to ensure a variety of premium auctions are readily available and to ship winners their items in a timely manner. They also cited the adrenaline rush many bidders get when bidding on Penny Auction sites. With customers in the United States and now Canada BidBigger expects a 20% bump in user growth over the next 90 days.
Sounds like Penny Auctions will continue to grow rapidly. So are you ready to join the Penny Auction craze?