When Not to Bid on Penny Auctions

Women holding up her hand to motion STOP!Perhaps you’ve read all the reasons why you should bid on penny auctions, but what about when you just shouldn’t bid on them?

Have you ever invested a large sum of money in a penny auction only to lose due to an unstable Internet connection?

What about when a site’s payment processor stopped working and you couldn’t buy more bids?

Perhaps you had an important meeting to attend to or plans for the evening, and you had to show up late or cancel the event altogether due to an auction lasting longer than you had thought it would.

Be prepared and follow a few of our helpful tips for when not to bid on penny auctions. Of course, these are just suggestions, use your own discretion and bid at your own risk! :)

When You Really Shouldn’t Bid on Penny Auctions

  1. Don’t Bid When… You’re tired (the auction may end up lasting all night!)
  2. You’re not on a stable Internet connection, i.e. coffee shops, restaurants, in the car – Ethernet may be best
  3. Automatic update is scheduled to run on your computer
  4. You don’t have the A/C adapter for your laptop
  5. You’re behind the wheel of a moving vehicle, pull over first!
  6. You don’t have a fresh set of batteries in your optical/Magic Mouse
  7. You’re sad
  8. You’re angry
  9. Anything is inhibiting your reaction time
  10. You have class
  11. You have an appointment
  12. You’re at work
  13. You’re bidding with a glitchy web browser – make sure it’s stable and up to date
  14. You have about 100 windows & programs running on your computer
  15. You need to study for an exam
  16. You need to let your dog out & there’s no bid buddy feature
  17. You don’t have very many bids left and your credit card payment is still “pending”
  18. You can’t buy more bids due to payment processing issues
  19. You have a date planned
  20. You’re with relatives for the Thanksgiving, Christmas, etc.
  21. You’re at a wedding, maybe even your own wedding?
  22. Your wife is in labor
  23. You promised you’d pick up your child from school
  24. Dinner is almost ready and your significant other has spent a lot of time preparing the meal
  25. There’s a snowstorm, thunderstorm, hurricane, or heat storm
  26. You’re expecting a phone call, or guest
  27. and most importantly: Don’t bid if you can’t afford to lose!

Do you have penny auction bidding tips that you’d like to share? Let us know!

Want to learn more about how you might be able to win hot electronics and other items for less than retail? You want to join our free penny auction forum!

Photo credits NoncommercialNo Derivative Works CC by kaneda99

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