Beezid was one of the first penny auction sites that auctioned off a car and was actually profitable for the site. This has been tried by several other penny auction sites and no one has made any money on the cars. Somehow Beezid.com was able to profit over $14,000 estimating that the average bid price [...]
There are many different factors in ranking the top ten penny auction sites on the web. First we go by popularity as well as the amount of traffic the penny auction site has. Next we use bid pricing for the consumer. We also use the clients user experience and ease of use on the website. [...]
There has to be another reason then the economy to explain eBay’s quickening decline as the #1 online marketplace. A bad economy usually brings more buyers to eBay since consumers are fishing for deals and buying used instead of new to save money. At first I thought it was Amazon that was taking most of [...]
We have created this penny auction blog to give more information of what exactly a penny auction is and how they work. Penny auctions are growing in the internet shopping world, but which sites are the best, worst, and which ones to stay completely away from.
