MottaSpratt279
Aus Salespoint
Pros and Cons of Global Penny Auctions
As global penny auctions grow in popularity, one cannot but stop and think - is it good for me, as a bidder? Sure, it appears it is a good idea for the site since it can now reach out to bidders all over the world with out a vital mass of bidders in each country. But what about bidders? How good is it?
Here, by global penny auctions, I mean web sites where people from all around the globe compete on a single auctions. What this means is if there is a pre-balance credit card that i'm bidding on, odds are, another bidder I am competing against comes from another country and time zone as me.
Pros The largest benefit of global penny auctions is that it helps you with variety of products. This is achieved in two distinct ways. One, there are certain items that are popular in the US and not the united kingdom or Australia and vice versa. This means you reach pick and invest in auctions that you simply wouldn't normally see in your country. This sure is exciting.
Secondly, bidders see more auctions during the day because now people from different time-zones are competing. This is really a great deal for many bidders who don't reach bid during the peak product times, like afternoon (since you are working) and instead want to bid at night when there aren't enough products. Yes, it is a fact, almost all penny auctions have fewer auctions during the night.
Cons Of course it is not all a bed of roses. There are times when you won't want to be bidding globally. One immediate problem is to do with competition. Will the penny auction scale up the number of auctions compared to the quantity of bidders who've now increased? The answer obviously depends on the site but the usual answer is no. What this means is more competition because of increased bidders on same number of slightly increased quantity of auctions.
Global bidding may also render some bidding strategies obsolete. This could mean bidders have to reevaluate everything, especially strategies according to best bidding times.
It's really exciting to become bidding against people all around the globe, but at the same time you should never forget why you are on the website - to win! Some penny auctions can accomplish it well and others cannot. BidRivals, typically the most popular site at some point of your time throughout Europe is struggling today with significantly fewer auctions and bidders than at its peak.
