QuiBids is one of the most popular Penny auction sites where you can have the chance to win big ticket items for a fraction of the price. Bidding on QuiBids is an amazing idea when you’re looking for a bargain price on products. What’s even more interesting is that even if you lose the auction, you can directly buy the product at retail price without incurring a loss.

The same idea has definitely occurred to a lot more people and the QuiBids site continues to get more and more competitive. If you are one of the few that never seem to be able to challenge the pros, then these strategies would be a great place to start until you can find your own lucky formula to win auctions.

Be Aggressive

This is a tricky one to use. This entails placing a new bid before the clock has run out of time. This move is all a play on the psyche of the bidder. Imagine being in the shoes of the other person.

As soon as you bid on an item, the other person outbids you and this cycle keeps on going over and over again until you have no choice but to give up. Waiting for the clock to run out would show some hesitation on part of the other bidder allowing them to hope that they have a chance to win the bid.

The Other Side of the Coin

There are times when you will come face to face with someone who will be aggressively bidding on the product that you have set your sights on. Have no fear because such bidders can be easily dealt with. At this point, you need to understand from the perspective of the aggressive bidder.

When a bidder gets aggressive, chances are that they are trying to outsmart you because they only have a limited number of bids left in their account. This is because they are trying to outbid every person in the auction and this can take a toll on their bids. At this point just wait and see when the bidder runs out and you can take your prize home.

Know When to Bid

Timing is everything when it comes to bidding. The best time to bid is when it’s time to commute to work. No one has access to a computer and the chances of winning an auction are higher. The prime time when the competition gets heated is after work hours until 10pm. Try to find the sweet spot when there are fewer bidders and more auctions.

Use Bid Ninja

Using a third party software such as Bid Ninja can work wonders for your auctioning capabilities. Bid Ninja is a great tool that allows you to gather information on the auction and the bidders working against you. You will be able to see the average closing price of a product and whether bidders are playing with real money or bids. You will also be able to see the win-loss history of your competitors along with the number of auctions they have taken part in.

Knowing just how exciting and dynamic a penny auction can become, they have introduced the tool as an extension which means that you won’t have to navigate away from the site in order to take a look at the numbers.

A penny auction such as QuiBids can be a great place to find bargains but like every other competition, you need to have a strategy and a working knowledge of your opponent’s strengths and weaknesses. Once you have the information and know how to use it, nothing can stop you from getting the prize.