Penny auctions are the best way to make money online for me. You purchase bids in advance for around 60 cents, then everytime you place a bid the price of the auction goes up 1 cent. The items sell for really low prices and the bids cover the price of the product being sold. With a little patience and strategic bidding I can win most items I go for. I originally tried Swoopo and Beezid which worked alright. However, it's better to find lesser known sites like SmartBargainHunters.com for example (it's less than a week old). Lesser known sites have less users competing with each other and driving the prices up . On Smart Bargain Hunters you can usually win without ever using more than 100 bids on one product. 100 bids is equivalent to $60 and most of the products are worth at least twice that. I also tend to bid in the middle of the night when less users are on. Once I win $400 products after spending around $60 I just turn around and sell it for close to retail value on Ebay. Rinse and repeat.
Make Money Online With Penny Auctions Sell back everything you win at close to retail price.
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Penny auctions are the best way to make money online for me. You purchase bids in advance for around 60 cents, then everytime you place a bid the price of the auction goes up 1 cent. The items sell for really low prices and the bids cover the price of the product being sold. With a little patience and strategic bidding I can win most items I go for. I originally tried Swoopo and Beezid which worked alright. However, it's better to find lesser known sites like SmartBargainHunters.com for example (it's less than a week old). Lesser known sites have less users competing with each other and driving the prices up . On Smart Bargain Hunters you can usually win without ever using more than 100 bids on one product. 100 bids is equivalent to $60 and most of the products are worth at least twice that. I also tend to bid in the middle of the night when less users are on. Once I win $400 products after spending around $60 I just turn around and sell it for close to retail value on Ebay. Rinse and repeat.