In penny auctions you will have three different types of people: the newbies who are feeling their rhythm and do not really have real strategy in playing; the mediocre who may or may not be playing for awhile but have never really mastered the whole idea yet; and the power bidders or the auction whales who have participate at auctions not for the chance to win but they come to claim the prize.
If you are to win an auction, you have to be a power bidder because only then can you ensure a victory; and if you are wondering how power bidders get their victory, then you should know that they are equipped with winning secrets.
Secret #1. Learn from your mistakes because you make a few and you should use these experiences as something to learn from and try your best not to make the same mistakes again. There are scams and if you encounter them, be wary of the signs. Whatever brought you down in the past, do not allow
Secret #2. Employ a bid bot or a bidding assistant who will play for you. You are probably wondering why your power bidder opponent always outbids you so quickly you have not even removed your hand from the mouse yet. They have automated bids running on their accounts and you can do this too if you want to have more power.
Secret #3. Do your research because knowledge is power even in penny auctions. Study the penny auction site, study your opponents and get to know the item you are bidding for.
Secrets to Winning at Penny Auctions by Robert C Neill