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Penny auctions, you have probably seen banner ads in your browser and even commercials on TV. The auction prices sound too good to be true.
I have been lucky enough to get some wonderful bargains on eBay. The thing that I tell people who are new to the auction site is make sure you know the value of what you're bidding on!
I would like to add a post for potential eBay Sellers. I was a seller on eBay. Read all of eBay rules and regulations BEFORE becoming a seller.
When trying to get something via an online auction, it is best to set your max bid in your mind and stick to it. On eBay you can do a search, then save that search to alert you if any items get placed for bid that meet your criteria.
This is a warning to all. EBay is a reputable auction site, and that's a good thing. However, many other "scam" auction sites have recently come into play.
You can find good deals at online auctions but one trick that some sellers play is they offer a low bid price for the product, but have a really high shipping price. Never bid on an item until you have calculated the cost of your bid and the shipping charge.
How I look at not getting burned by eBay sellers. I normally look for good deals, the description that is clear enough that I can see it in my mind.
When bidding on eBay or other sites, always check the sellers rating. If below 97, I check I check the comments from other buyers before bidding.
Check online auctions for bargains before you make a purchase.
