If you want to get in on the great deals found at penny bid auction sites then it is essential that you understand how they work. That’s our job here, to help you figure out how these sites work and to show you how to get the most from your bids so you can get the best bargains.

Don’t bid on everything you think you want, just find a few things you’d really like to have, make a strategy and determine how much you want to bid, wait till the items gets close to previous close prices of the exact same items and then start your bidding.

Remember, the object is to find something at a much better than retail cost, not lose your shirt on bidding for items you don’t win. Don’t get caught up in a bidding frenzy, and you will have fun plus, you will likely find some way under retail merchandise.