Making money with penny auction system is isn’t quite cumbersome as you bid to purchase a product at a relatively low price than its retail price could be a fraction of the retail price.It is a very simple method to understand here is how it works, the auctioneer lists the items to be auctioned then prices mostly start as low as 0.01 cents,the participants in this auction pay some fees for bidding or rather purchase credits to use as cost for bidding depending on the system one uses these bids are always non refundable.when the auction starts the price will start at the 0.01 then increase by 0.1 cents with each bid placed.

 Most systems show the participants and the highest bidder as the auction continues as bids are placed you see who the highest bidder is and the price. The winner of the auction is the last person to bid and the period of biding elapses.then he will pay the price that won the bid could be 1dollar or more but less than the retail price,these items are in good quality one may ask why these items are bought at a very low price here to highest bidder wins so is the auctioneer since at times bidding is very competitive and the auctioneer makes money from both the winning price and the cost of bids which is sometimes more than actually the normal price of the product.

 You don’t need to make miracles to buy the products at low price, you need to have a strategy i will help you with a few tips on how to always win the bids,First always the first bidders waste their bids why is this so,this is because the probability of the item to be purchased below 2 dollars is very slim, you need to watch the auctions see how it unfolds before making your decisions to bid,always have enough money or credits to bid. be very careful when you decide to use auto bidder since the item could be of great quality which attracted many participants and your bids could be used all at once by the auto bidder, do some little research to learn when there are many participants and when there are a few participants, if a product goes by less tan a dollar the it automatically means that there were few participants and that is the time you nee to participate in an can purchase these items and later resale them at their retail price making huge profits out of the items (function(i,s,o,g,r,a,m){i[‘GoogleAnalyticsObject’]=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,’script’,’//’,’ga’); ga(‘create’, ‘UA-55528807-1’, ‘auto’); ga(‘send’, ‘pageview’);