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Benefits and drawbacks of worldwide Penny Auctions

As global penny auctions grow in popularity, one cannot but stop and think - is it great for me, like a bidder? Sure, it appears it is a good idea for the site since it can now get in touch with bidders all over the world with out a vital mass of bidders in each country. But what about bidders? How good could it be?

Here, by global penny auctions, I mean those sites where people from all over the world compete on a single auctions. What this means is when there is a pre-balance credit card that i'm bidding on, odds are, the other bidder I am competing against comes from another country and time zone as me.

Pros The biggest advantage of global penny auctions is that it can help you with variety of products. This is achieved in 2 distinct ways. One, there are certain products that are popular in america and not the UK or Australia and vice versa. Which means you reach pick and bid on auctions that you simply wouldn't normally see inside your country. This sure is exciting.

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Secondly, bidders get to see more auctions during the day because now people from different time-zones are competing. This is actually a good deal for many bidders that do not reach bid during the peak product times, like afternoon (because you are working) and instead wish to bid at night when there are not enough products. Yes, it is a fact, just about all penny auctions have fewer auctions during the night.

Cons Of course it's not all a bed of roses. There are times when you don't want to be bidding globally. One immediate concern is to do with competition. Will the penny auction scale in the number of auctions in proportion to the number of bidders who have now increased? The answer obviously depends upon the site however the usual response is no. This means more competition due to increased bidders on same number of slightly increased number of auctions.

Global bidding may also render some bidding strategies obsolete. This would mean bidders need to reevaluate everything, especially strategies according to best bidding times.

It's really exciting to become bidding against people all around the globe, but simultaneously you should never forget why you are on the site - to win! Some penny auctions can accomplish it well yet others cannot. BidRivals, the most popular site at one point of your time throughout Europe is struggling today with significantly fewer auctions and bidders than at its peak.