Know the True Value of an Item Before you Bid

Be sure you know what you are bidding on before you risk your bids that you paid hard earned money for. Some penny auction sites will put an MSRP price for an item which may actually cost way more than what you can buy the item for in the open market.

Before you bid research the item you are interested in to see if it’s really worth bidding on. Good sources to use for price comparison and research are Froogle, BeatMyPrice, eBay and Amazon.

For example, on one penny auction site they had the cost of this Swiss Gear Messenger bag at $179.

Swiss Gear Messenger Bag Inflated

The winning bidder spent $60 plus shipping for the item.
It’s currently sold out on Amazon, but at the time I checked they were available for under $30 shipped.
I bet the winning bidder wished they would have researched the item before they bid so much on it.

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