Back in February I wrote a post about a penny auction website in my blog entry, How to Win at QuiBids 100% of the Time.
Now I’m back with twice as many percentages.
The reason for my return is twofold:
I knew I was going to write this blog entry tonight, so I popped over to QuiBids to see if I could find an iTunes gift card. I had 25 free bids in my account from someone who signed up for QuiBids using my recommendations link (please use that link to sign up if you want to give QuiBids a try!) There were a few $50 iTunes Gift Cards in auction at the time, so I decided to target them.
At the same time, I loaded QuiBids Report to see recent final prices of that same auction item for this time of day, as well as “hot” prices for that item at any time of day. The trend seemed to be that $50 iTunes Gift Cards rarely sell for more than $7 on the site.
That’s when I saw it.
A $50 iTunes Gift Cards +25 Bids package. In live auction. For $8.00.
I pounced. If the hot price for that item was $7, if it was at $8, odds were that it was ending the end of the auction. Keep in mind that in penny auctions, when you use a bid, the price goes up one cent. So I was betting on the price not going up much higher.
i used up my 25 free bids and had to buy some more bids. The price crawled up to $8.50. Then $9.00. The betting was fierce. And then…
I won! At $9.12. Having spent $9.60 in purchased bids.
So with $2 shipping, I spent about $20 on a $65 item. Suck on that, Groupon. (I love you, Groupon!) [Sidenote: I've spent countless hours trying to figure out a way to combine Groupon and QuiBids. It is my white whale. If you figure it out, let me know.]
I’d say that’s a pretty sweet deal.
If you want to give this a try, I’d highly recommend checking out QuiBids Report. The stats are ever-evolving, so if you’re good at spotting trends and patterns, you’re going to greatly increase your odds on QuiBids.
And if you haven’t tried QuiBids but love the thrill of the chase, give it a whirl. And please use my recommendation key! I want to make an epic run at an iPad at some point.