Have you tried Beezid.com?

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BeeZid.com has been open for a few months now, they have a rather impressive Alexa Ranking too: 31,741, 5,908 in the US. BeeZid has a 2010 Ford Mustang and an iPad on queue to be auctioned TBD.

Here’s Beezid’s TV Commercial:

Penny Auction Watch members are discussing their experiences with Beezid in our forum, if you’ve tried them please join our forum and let us know about it!

Read Max’s review of Beezid, he also offers a few tips for bidding on Beezid:

“I’m a reseller; I think most beezid bidders are. And I have won a few of the items I went after. Beezid is fun, and the products are legit. I think they make way too much money off the bids to be anything but legit. But since I’ve been bidding there, I’ve watched items being sold to bidders who’ve had autobeezids in every high priced item for hours on in. I’ve bidded several 500 bid packs early in the morning to late at night, and mostly the same bidders seem to win the most sought after products. Some would call that good strategy , but since you’re only allowed to purchase up to 6 times in a 24hr period on beezid, (products or bid packs) one has to wonder where these master bidders are getting all their bids. I think my biggest peeve about beezid, is not necessarily bidding, but watching that clock tick down to one second and linger there for the longest time before I’m outbidded.

In the back of my mind I’m thinking, “I know I should have had this one.” You feel that way, because no sooner than you prepare to respond, the time ticks down to three seconds, two seconds then- auction over. I think it’s that way for a lot of people, and that’s why the cry of fowl play is in the beezid air. It’s hard to stomach watching that ticker linger around that one second mark as long as it does, but ends the auction at three to two seconds when it’s your turn to bid.

As I said, they’re probably like me, buying on beezid to resell somewhere else. So if you’re just a guy or girl looking just to get a good deal on something, you may find yourself having to compete with people who make a living off these sites.

My thoughts on beezid is the same as going to a public auction with a multitude of dealers and brokers. Go for the items you know you have a shot of winning, at least until you get use to penny auctions. I’ve learned the hard way, trying to buy a car at a public auction loaded down with dealers are slim to no chance in Hell. They come prepared, and loaded with cash. Whether you’re bidding against the average Joe, a paid bidder, a bot, or a business minded professional with the cash to outbid you, learn the ropes before you step inside the ring.

Nevermind that garbage about bidding early in the morning – that’s no more better than in the afternoon. Spend a day watching bidders, and take notes. Get familiar with the bidders and their habits. Know who you’ll be bidding against and try to get a feel for how far they’ll go to outbid a person.

Don’t treat it like a rummage sale – know what it is you’re there to get and stick with it. Don’t be overly aggressive, don’t bid too early, and never get into a bidding brawl with anyone – that’ll only use up your bids. Try to keep to one item when you’re bidding. Don’t be like the pros and attempt to bid on two or three items at the same time – that will also use up your bids.

And lastly, my really big advice, save your money when you can, and buy the large bid packs. Bid in the free auction for more bid packs. I know thats a lot of bids to just sit on, but if you use only your rainy day money you shouldn’t miss it. Believe me, you can win what you want from beezid, but you have come prepared. It can stress the Hell out of you if you don’t. And having a truck load of bids when you need them helps out a lot.

Remember, bids only last as long as your money does. You don’t what to spend $300 worth of bids trying to win a nintendo wii. But you also don’t want to waste them on the wii, when you can win a 50inch television. Just take it as it comes, and you’ll be ok.”

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