Locating best penny auction internet sites online can frequently be a difficult job. After all, how does one know which are scams, which ones have too numerous competitors, which ones actually ship their products to the winners, and so forth? You will find several time consuming (and sometimes money consuming) strategies that will enable you to weed out which ones are worthwhile. For six years I have followed the penny auction business on the web.  I have watched them pop up all over the internet at alarming rates. Then, in an attempt to promote their websites, the owners purchased far more bidding websites.  As a result, when you see a internet site that claims to know which penny auctions are best; take a minute to consider that an owner built this simply so he or she could rank themselves number one. So be careful and buy bids at your own risk. This, would be to obtain bids, win the item, and have it shipped to you.  After six years of tracking all of my spendings and statistics on hundreds of penny auction sites, I’ve lost my fair share of income. The following list and statistics I present are strictly for the purpose of saving you from the trouble I’ve went through. Not to mention, I would hate it if other penny goes into the pockets of greedy cheaters.

Penny Auction Statistics:

Over the years I have compiled a spreadsheet tracking my analytics on every single penny auction internet site. The same method was used for all of them. First, I targeted which items I wanted, and waited to see them sell three times. The typical selling cost was calculated. I then bought a minimum of 100 bids, and waited for the item to pop up once again. Finally, a score would be assigned to that business. With each bid I placed, I subtracted 1 point from the total. The majority of the penny auctions scored a zero as all 100 bids were utilized without winning. This was carried out for five points on each and every side.  The average score overall was then calculated. Therefore, for example, Ishop4Cheap scored 12, 22, 0, and 70; and four for each of its elements was completed with an average of 21.