But this is not the best thing about penny auctions. It is easy to get hooked on them, and that is where the real money is. Get other people interested in these auctions and before you know it they'll be buying packs of TCredits for their bidding. TCredits are TripleClicks products. And while they (hopefully) are happy winning their iPads and CuisinArt and Galaxys you are happy with your monthly commission!
tripleclicks.comI have won several auctions myself, and for being so nice as to read my blog, I will give you my tips for winning:
1. For the first few months do not bid. Just observe the auctions, get a feel for how they go and check the winners and winning prices at the Pick the Price page (you can click on the History of each product and see whom has won what when and for which price and even duration of the auction). Some times of day there are not so many people online. Other parts of the day are very busy. Depending on which time zone you are in, find out where the non-busy pockets of times are.
2. This will also give you the opportunity to collect a lot of TCredits (assuming you have set up a Standing Order for TCredits to retain your Executive Affiliate status. In the beginning I would limit myself to, say, 10 TCredits a day to be spent on bidding. Often you have no chance then. There is a group of people who do nothing else than bidding and they might be willing to spend hundreds of TCredits (which they have, because they win them) to win that particular auction.
3. Check how the auction is going. As said above, sometimes a particular person is set on winning no matter what the cost, and aggressively outbids anyone. If this is the case it is better left alone, because it may cost you a lot of TCredits without a return on your investment. If the bidders constantly vary you have way more chance.
4. Personally (and I know others do this) I wait until the clock is at 5 seconds before bidding. I know it just resets the clock, but any other person also intending to bid will probably have done so by then (and reset the clock). If you are running very low on TCredits or on time you might decide to let it pass and see if anyone else will bid at the last second, but I have lost several auctions in this way, because the others did the same. So now, I select the particular auction that I want, observe if there is no "agressive buck" sitting on it, and then I prepare to just keep on bidding at 5 seconds until I win.
5. The auction clock goes faster and faster with more bidding. Personally I only bid on an auction in the beginning, unless I am just doing it for the points without intending to bid seriously. I suppose other people do the same, otherwise the auctions would never get started :)
"Being new, I joined several programs. Having retired, I had the time to devote to each. The ONLY one that produced a commission in the first month was SFI. The ONLY one that gave me daily reports was SFI. The ONLY one I kept was SFI. Now I'll devote my energy to SFI."
H. Schmidhofer
AUSTRALIA
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