Anyone here running penny auction traffic?

aj23 · 02-25-2011, 01:34 PM

Just wondering if anyone here is doing big numbers with penny auctions, and with what offer?

Thanks

COPEAC Stephen · 02-25-2011, 02:23 PM

There is money to be made with penny auctions...the problem is i feel like the new "it" offer pops up randomly for a week or two, then goes away...then you hear about a new offer that's the "it" offer. Lots of consumer backlash if the advertiser is not responsive to consumer complaints, issues.

Some of the most consistent offers I've seen in the space.

Bid Sauce
Bid Fan
X-Bid's (haven't seen them live on some time though)

We have a new one called Boz-Bid's which is doing very well right now.

Entertaining, amazing nail biting penny auctions that go down to the wire and someone always gets a popular product at a deep discount. | BozBids.com »

Carlsbadd · 02-25-2011, 05:06 PM

Bid cactus is doing well also, I will check out Boz bids Stephen, I was looking for it and did not know you guys had it.

aj23 · 02-25-2011, 07:08 PM

Hmm, if anyone here is doing decent traffic to penny auctions, PM me with your aim and lets talk, I'm sure I can get you setup with something better than you're on atm

.

jguy1 · 06-07-2011, 11:47 AM

I have a website ranked for "penny auctions" (page 2/3..was on page 1 position 4). It's a penny auction review website. The site gets around 50 visits per day as of now but once was getting 100-150 visits per day. It's a lucrative niche.

I'm selling the site now though to move on to other projects.

pmc2001 · 08-21-2011, 02:25 PM

Quote:

Originally Posted by jguy1

I have a website ranked for "penny auctions" (page 2/3..was on page 1 position 4). It's a penny auction review website. The site gets around 50 visits per day as of now but once was getting 100-150 visits per day. It's a lucrative niche.

I'm selling the site now though to move on to other projects.

Hey guys there is this site Pennies2win.com Ipad2 16gb is going for $0.06. This is insane.

JasonWestwick · 08-22-2011, 04:03 AM

Quote:

Originally Posted by pmc2001

Hey guys there is this site Pennies2win.com Ipad2 16gb is going for $0.06. This is insane.

If you read into how penny auctions actually work then

1. It is so difficult to actually win an auction that you could spend $50 - $100+ just bidding and not win anything.

2. The amount of money that the site makes from selling these gadgets so low is insane, the profits are huge.

blastbob · 08-22-2011, 04:14 AM

A client of mine is going to start something in this niche. So i am excited to start on that project. Fully custom script. International etc.

I was going to start a project of my own earlier, but the best script for sale (Non Custom) was a crappy script.

MagicMarket · 08-22-2011, 09:07 AM

Quote:

Originally Posted by JasonWestwick

If you read into how penny auctions actually work then

1. It is so difficult to actually win an auction that you could spend $50 - $100+ just bidding and not win anything.

2. The amount of money that the site makes from selling these gadgets so low is insane, the profits are huge.

indeed there is huge money for the penny auction site only. the users are basicly ripped off

imback · 08-22-2011, 11:08 AM

Bid Cactus was killing it for me awhile ago on Neverblue. Not sure about now.

CHAD

unnatural · 08-22-2011, 11:23 AM

I was doing pretty well with penny auctions 7-8 months ago when they were still "fresh". I've since moved on as there was a lot of competition for media buying/ppc etc. in this niche and conversions were dropping. If you have solid traffic though there is definitely still money to be made.

As others have said you do have to chase the "it" offer - which can be kind of annoying at times.

imback · 08-22-2011, 11:27 AM

Quote:

Originally Posted by unnatural

I was doing pretty well with penny auctions 7-8 months ago when they were still "fresh". I've since moved on as there was a lot of competition for media buying/ppc etc. in this niche and conversions were dropping. If you have solid traffic though there is definitely still money to be made.

As others have said you do have to chase the "it" offer - which can be kind of annoying at times.

Yes I also slowly backed out

CHAD

Aussie_Striker · 09-10-2011, 09:18 PM

Problem is that penny auctions are basically ripoffs and designed to be. They keep going to make as much money as possible before ending. It is in the interest of the penny auction owners to do that. They also can offer decent commissions to others by doin that as well. The problem is that so many lose and don't get a benefit.

Well in the last week there is one company that has changed that. If you think about the problems associated with most penny auction sites

1. They only end when people stop bidding past the target price. That means it can go forever and an example I have seen is a $200 giftcard that went for $1164 with 90c bids.
2. People have auto bidding bots that keeps it going making it hard for some people to ever win
3. No limits to the number of people able to bid on an item meaning you compete with potentially thousands
4. No limits on how many items someone can win, so those same people can dominate.
5. People that so not win get nothing back at all.
6. People can watch the auction then in the last seconds sniper the auction with very few bids

Now here are features incorporated in this new one.
1. Once hitting the target price there is a 30 second timer with a limited number of resets so the auction does not continue on for long perids.
2. No bots or auto bidding is allowed.
3. There are limits to the number of bidders for each auction. Once reached no more can join the auction.
4. There are limits to how many auctions people can win in a 24 hour period and a monthly period. They are generous enough but still provide more fairness.
5. People that do not win the auction get activity points that are converted to credits daily. Effectively that is like a cashback.
6. People can only bid in once it reaches the 30 second timer if they have already bid before the timer was activated. Means no snipers.
7. The bids run backwards so the winner will only pay 10c and has no shipping charges.

It provides fairness to all.
Here are some examples of how it hits the target price (which runs backwards to 10c)

The green number is the credits that will run backwards to 10c. So as an example the Apple Ipod Shuffle will hit the timer after 100 bids which is $50. Then there will be a set amount of resets if people keep bidding. The amount is not shown to people but from data I have collected an average amount for a prooduct of that price would be around 20-30. Of course if people stop the timer runs out and that person wins.

People can still earn commissions as well. So sticking with the above example if you referred the person that won the item you would get a 5% commission of the retail value, or $2.48. If they didnt win you would get activity points based on that persons bids and they would as well. So win or lose you get something

I think a lot of people are going to flock to this one as it does not rip people off like every other one I have seen. This is just one part of the business so it is not relying on the penny auctions alone. That also provides more stability for the company, it will not disappear like so many others.

It is only new so a great time to get involved with it. I don't think I'm allowed to post a link here so if you want to know more get in touch with me or look on my website as I discuss it there as well.

JasonWestwick · 09-12-2011, 02:32 AM

That's a perfect explanation in the preceeding post to mine as to why penny auctions are a rip and how consumers are now a lot more wise and savvy to how these sites operate.

Like others said I was killing it a good few months ago when they were relatively unheard of, you even saw adverts on prime time TV here in th UK.

I stopped promoting a few months ago and have since moved on, it's not something I would actively follow up on now.

bigmopap · 09-27-2011, 07:23 PM

I heard of this site called supermonkeybid.com They have some pretty cool stuff. I like the new sites. The Popular sites are to get items.

Jesse M · 09-28-2011, 01:20 AM

I used to be a penny auction addict. I would find brand new sites and take a gamble and bid. I was able to get a bunch of big items. (PS3, 22' LCD TV, iPod etc.) You can make a lot of money but you gotta be smart.

ChrisBa · 09-29-2011, 07:29 AM

Quote:

Originally Posted by aj23

Just wondering if anyone here is doing big numbers with penny auctions, and with what offer?

Thanks

Lots of people are running these, is there something specific you are wondering about?

Swollboski · 09-29-2011, 07:31 AM

You'd honestly be better off doing slot machines than trying to win something through a penny auction site lol

dkeeney · 10-27-2011, 01:36 PM

I'm with a penny auction site that has a great affiliate program...paying very well. And...if anyone wants to try it out first, I'm authorized to give out up to 500 free bids (which I will to fellow Warriors). However, there is a limited amount available...first come, first serve.

RangerTim · 11-10-2011, 01:30 AM

I'm also involved in a super affiliate program for a penny site, but it's a "profit sharing" program that pays on the back end. It has nothing to do with bidding or investing in the products. Most of us are averaging 1.00% to 1.75% daily returns and letting our profits compound. Obviously, you can do the math and figure out what we're making per month. I also have a retail store for people who want to buy for less and not participate in bidding. Contact me if anyone's interested in participating in this profit sharing plan.

Justin Lewis · 11-10-2011, 03:29 AM

I don't know if this is what you are asking but...

I spent less than $60 on Quibids and ended up coming out with about 10 giftcards at $25 - $50 a piece and a few random things :P

moneymakerhyip · 11-10-2011, 03:30 AM

Altrough penny auction sites are good, but they not convert good on CPA.. most of them are scams and fakes..

RangerTim · 11-23-2011, 05:09 PM

I decided to post these links for anyone interested in an incredible profit sharing opportunity as an affiliate for a penny auction website + plus website store all made for you. I only spend a few minutes each day as an affiliate and our team can teach you to do the same. We are NOT bidding on auction items, but we are driving traffic to the site. Enjoy the read and contact me with any questions.

REMOVED BY MODERATOR

Josh Ploose · 11-23-2011, 05:22 PM

Ploose just got the Quibids Penny Auction offer and it seems to be doing really well.

smaxor · 11-25-2011, 10:01 AM

We have DealFun for a bunch of countries that does very well. Especially at this time of year.

Algreen70 · 03-14-2012, 01:31 PM

Have people stopped promoting Penny Auctions all together or do some of you still working them.

I'm trying to do some research into the feasibility of owning an actual Penny Auction site and how affiliate marketers feel about them. I see a lot of people still feel they are scams and ripoffs and I can't really blame you because most of the sites are set up that way. I've got a lot of ideas to change that. I just hope their credibility isn't completely ruined already.

Thanks guys,
Al

PPC-Coach · 03-14-2012, 03:08 PM

Hey Al,

I think you missed the bus by about 12 months my friend.

Consumers are onto the gig now.

Algreen70 · 03-14-2012, 04:00 PM

PPC-Coach,

Thanks for the quick response. I think you're right about customers catching onto the current sites and how they do business. I don't think the current business model is sustainable long term. The only way it would be is if there are enough gamblers who get a thrill out of shopping. I'm willing to bet that the market for such people is pretty small. Casinos are much more appealing.

I plan to change the current model and fix everything that is wrong with it. I think with a few major changes penny auctions can be a risk free and exciting shopping experience.

What are some other peoples opinions? I'm sure a lot of affiliate marketers never bothered promoting them because they didn't want to be a part of something that could potentially rip off a consumer. Do you think a site that was proven to be risk free would have better results with the community?

Thanks again,
Al

02-25-2011, 01:34 PM	#1
aj23 Warrior Member Join Date: Jan 2010 Posts: 23 Thanks: 0 Thanked 0 Times in 0 Posts	Anyone here running penny auction traffic? Just wondering if anyone here is doing big numbers with penny auctions, and with what offer? Thanks

02-25-2011, 02:23 PM	#2
COPEAC Stephen HyperActive Warrior Join Date: Sep 2010 Location: Long Island NY Posts: 352 Thanks: 0 Thanked 47 Times in 41 Posts Contact Info	Re: Anyone here running penny auction traffic? There is money to be made with penny auctions...the problem is i feel like the new "it" offer pops up randomly for a week or two, then goes away...then you hear about a new offer that's the "it" offer. Lots of consumer backlash if the advertiser is not responsive to consumer complaints, issues. Some of the most consistent offers I've seen in the space. Bid Sauce Bid Fan X-Bid's (haven't seen them live on some time though) We have a new one called Boz-Bid's which is doing very well right now. Entertaining, amazing nail biting penny auctions that go down to the wire and someone always gets a popular product at a deep discount. \| BozBids.com »
	COPEAC launches COPEAC University. Looking to quit your 9-5? Click Here to find out more: http://www.copeacu.com/banner/?src=8

02-25-2011, 05:06 PM	#3
Carlsbadd Advanced Warrior War Room Member Join Date: Oct 2007 Location: , , USA. Posts: 673 Thanks: 131 Thanked 150 Times in 98 Posts	Re: Anyone here running penny auction traffic? Bid cactus is doing well also, I will check out Boz bids Stephen, I was looking for it and did not know you guys had it.
	Please Warriors , keep posting your niches in your sig....

02-25-2011, 07:08 PM	#4
aj23 Warrior Member Join Date: Jan 2010 Posts: 23 Thanks: 0 Thanked 0 Times in 0 Posts	Re: Anyone here running penny auction traffic? Hmm, if anyone here is doing decent traffic to penny auctions, PM me with your aim and lets talk, I'm sure I can get you setup with something better than you're on atm .

06-07-2011, 11:47 AM	#5
jguy1 Active Warrior War Room Member Join Date: Apr 2010 Posts: 76 Thanks: 3 Thanked 4 Times in 4 Posts	Re: Anyone here running penny auction traffic? I have a website ranked for "penny auctions" (page 2/3..was on page 1 position 4). It's a penny auction review website. The site gets around 50 visits per day as of now but once was getting 100-150 visits per day. It's a lucrative niche. I'm selling the site now though to move on to other projects.

08-22-2011, 04:14 AM	#8
blastbob Active Warrior War Room Member Join Date: Apr 2011 Posts: 52 Thanks: 0 Thanked 3 Times in 3 Posts	Re: Anyone here running penny auction traffic? A client of mine is going to start something in this niche. So i am excited to start on that project. Fully custom script. International etc. I was going to start a project of my own earlier, but the best script for sale (Non Custom) was a crappy script.

08-22-2011, 11:08 AM	#10
imback Senior Warrior Member War Room Member Join Date: Jun 2009 Location: United States Posts: 1,429 Thanks: 129 Thanked 279 Times in 199 Posts	Re: Anyone here running penny auction traffic? Bid Cactus was killing it for me awhile ago on Neverblue. Not sure about now. CHAD
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08-22-2011, 11:23 AM	#11
unnatural HyperActive Warrior Join Date: Jul 2011 Location: Edmonton, Alberta Posts: 112 Thanks: 1 Thanked 24 Times in 22 Posts Contact Info	Re: Anyone here running penny auction traffic? I was doing pretty well with penny auctions 7-8 months ago when they were still "fresh". I've since moved on as there was a lot of competition for media buying/ppc etc. in this niche and conversions were dropping. If you have solid traffic though there is definitely still money to be made. As others have said you do have to chase the "it" offer - which can be kind of annoying at times.

09-10-2011, 09:18 PM	#13
Aussie_Striker Active Warrior Join Date: Jun 2010 Location: Salamander Bay Australia Posts: 73 Thanks: 1 Thanked 4 Times in 4 Posts Social Networking Contact Info	Re: Anyone here running penny auction traffic? Problem is that penny auctions are basically ripoffs and designed to be. They keep going to make as much money as possible before ending. It is in the interest of the penny auction owners to do that. They also can offer decent commissions to others by doin that as well. The problem is that so many lose and don't get a benefit. Well in the last week there is one company that has changed that. If you think about the problems associated with most penny auction sites 1. They only end when people stop bidding past the target price. That means it can go forever and an example I have seen is a $200 giftcard that went for $1164 with 90c bids. 2. People have auto bidding bots that keeps it going making it hard for some people to ever win 3. No limits to the number of people able to bid on an item meaning you compete with potentially thousands 4. No limits on how many items someone can win, so those same people can dominate. 5. People that so not win get nothing back at all. 6. People can watch the auction then in the last seconds sniper the auction with very few bids Now here are features incorporated in this new one. 1. Once hitting the target price there is a 30 second timer with a limited number of resets so the auction does not continue on for long perids. 2. No bots or auto bidding is allowed. 3. There are limits to the number of bidders for each auction. Once reached no more can join the auction. 4. There are limits to how many auctions people can win in a 24 hour period and a monthly period. They are generous enough but still provide more fairness. 5. People that do not win the auction get activity points that are converted to credits daily. Effectively that is like a cashback. 6. People can only bid in once it reaches the 30 second timer if they have already bid before the timer was activated. Means no snipers. 7. The bids run backwards so the winner will only pay 10c and has no shipping charges. It provides fairness to all. Here are some examples of how it hits the target price (which runs backwards to 10c) The green number is the credits that will run backwards to 10c. So as an example the Apple Ipod Shuffle will hit the timer after 100 bids which is $50. Then there will be a set amount of resets if people keep bidding. The amount is not shown to people but from data I have collected an average amount for a prooduct of that price would be around 20-30. Of course if people stop the timer runs out and that person wins. People can still earn commissions as well. So sticking with the above example if you referred the person that won the item you would get a 5% commission of the retail value, or $2.48. If they didnt win you would get activity points based on that persons bids and they would as well. So win or lose you get something I think a lot of people are going to flock to this one as it does not rip people off like every other one I have seen. This is just one part of the business so it is not relying on the penny auctions alone. That also provides more stability for the company, it will not disappear like so many others. It is only new so a great time to get involved with it. I don't think I'm allowed to post a link here so if you want to know more get in touch with me or look on my website as I discuss it there as well.
	http://Networkmoneymakers.com

09-12-2011, 02:32 AM	#14
JasonWestwick Advanced Warrior War Room Member Join Date: Nov 2010 Posts: 602 Thanks: 158 Thanked 233 Times in 148 Posts	Re: Anyone here running penny auction traffic? That's a perfect explanation in the preceeding post to mine as to why penny auctions are a rip and how consumers are now a lot more wise and savvy to how these sites operate. Like others said I was killing it a good few months ago when they were relatively unheard of, you even saw adverts on prime time TV here in th UK. I stopped promoting a few months ago and have since moved on, it's not something I would actively follow up on now.
	Earn $100 a Day in 60 Days, 5 Expert CPA Marketers Share The Secrets Of Their Success.... Get Accepted to CPA networks with no experience or website TODAY!!!

09-27-2011, 07:23 PM	#15
bigmopap Warrior Member Join Date: Jul 2011 Posts: 23 Thanks: 0 Thanked 2 Times in 2 Posts	Re: Anyone here running penny auction traffic? I heard of this site called supermonkeybid.com They have some pretty cool stuff. I like the new sites. The Popular sites are to get items.

09-28-2011, 01:20 AM	#16
Jesse M Active Warrior Join Date: Aug 2011 Location: California Posts: 52 Thanks: 0 Thanked 5 Times in 5 Posts	Re: Anyone here running penny auction traffic? I used to be a penny auction addict. I would find brand new sites and take a gamble and bid. I was able to get a bunch of big items. (PS3, 22' LCD TV, iPod etc.) You can make a lot of money but you gotta be smart.

09-29-2011, 07:31 AM	#18
Swollboski Active Warrior Join Date: Dec 2010 Posts: 30 Thanks: 9 Thanked 2 Times in 2 Posts	Re: Anyone here running penny auction traffic? You'd honestly be better off doing slot machines than trying to win something through a penny auction site lol
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10-27-2011, 01:36 PM	#19
dkeeney Warrior Member War Room Member Join Date: May 2005 Location: , , USA. Posts: 21 Thanks: 2 Thanked 0 Times in 0 Posts	Re: Anyone here running penny auction traffic? I'm with a penny auction site that has a great affiliate program...paying very well. And...if anyone wants to try it out first, I'm authorized to give out up to 500 free bids (which I will to fellow Warriors). However, there is a limited amount available...first come, first serve.

11-10-2011, 01:30 AM	#20
RangerTim Warrior Member War Room Member Join Date: Mar 2011 Posts: 8 Thanks: 0 Thanked 1 Time in 1 Post	Re: Anyone here running penny auction traffic? I'm also involved in a super affiliate program for a penny site, but it's a "profit sharing" program that pays on the back end. It has nothing to do with bidding or investing in the products. Most of us are averaging 1.00% to 1.75% daily returns and letting our profits compound. Obviously, you can do the math and figure out what we're making per month. I also have a retail store for people who want to buy for less and not participate in bidding. Contact me if anyone's interested in participating in this profit sharing plan.

11-10-2011, 03:29 AM	#21
Justin Lewis 140+ Websites, 180k+ Fans War Room Member Join Date: Jan 2010 Location: Virginia Beach, Virginia Posts: 1,109 Blog Entries: 4 Thanks: 105 Thanked 556 Times in 256 Posts Social Networking Contact Info	Re: Anyone here running penny auction traffic? I don't know if this is what you are asking but... I spent less than $60 on Quibids and ended up coming out with about 10 giftcards at $25 - $50 a piece and a few random things :P
	http://www.nicheoptimizer.com/niche-...rrior-special/ I teach people how to build websites and large Facebook pages. You can join my Niche Academy and find out what you're best at by clicking here.

11-10-2011, 03:30 AM	#22
moneymakerhyip MasterVIP Join Date: Nov 2011 Location: NY, USA Posts: 24 Thanks: 0 Thanked 1 Time in 1 Post	Re: Anyone here running penny auction traffic? Altrough penny auction sites are good, but they not convert good on CPA.. most of them are scams and fakes..
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11-23-2011, 05:09 PM	#23
RangerTim Warrior Member War Room Member Join Date: Mar 2011 Posts: 8 Thanks: 0 Thanked 1 Time in 1 Post	Re: Anyone here running penny auction traffic? I decided to post these links for anyone interested in an incredible profit sharing opportunity as an affiliate for a penny auction website + plus website store all made for you. I only spend a few minutes each day as an affiliate and our team can teach you to do the same. We are NOT bidding on auction items, but we are driving traffic to the site. Enjoy the read and contact me with any questions. REMOVED BY MODERATOR

11-23-2011, 05:22 PM	#24
Josh Ploose Affiliate Director Join Date: Sep 2011 Location: Los Angeles Posts: 68 Thanks: 15 Thanked 21 Times in 12 Posts Social Networking	Re: Anyone here running penny auction traffic? Ploose just got the Quibids Penny Auction offer and it seems to be doing really well.

11-25-2011, 10:01 AM	#25
smaxor Owner Ads4Dough.com War Room Member Join Date: Oct 2006 Location: Ads4Dough Posts: 133 Thanks: 0 Thanked 26 Times in 17 Posts Social Networking Contact Info	Re: Anyone here running penny auction traffic? We have DealFun for a bunch of countries that does very well. Especially at this time of year.
	Smaxor CEO, Ads4Dough Aim: ads4dough Join My CPA Network http://www.ads4dough.com

03-14-2012, 01:31 PM	#26
Algreen70 Warrior Member Join Date: Mar 2012 Location: Pennsylvania Posts: 7 Thanks: 2 Thanked 0 Times in 0 Posts	Re: Anyone here running penny auction traffic? Have people stopped promoting Penny Auctions all together or do some of you still working them. I'm trying to do some research into the feasibility of owning an actual Penny Auction site and how affiliate marketers feel about them. I see a lot of people still feel they are scams and ripoffs and I can't really blame you because most of the sites are set up that way. I've got a lot of ideas to change that. I just hope their credibility isn't completely ruined already. Thanks guys, Al

03-14-2012, 03:08 PM	#27
PPC-Coach Senior Warrior Member War Room Member Join Date: Sep 2007 Location: , , . Posts: 2,544 Thanks: 44 Thanked 663 Times in 379 Posts	Re: Anyone here running penny auction traffic? Hey Al, I think you missed the bus by about 12 months my friend. Consumers are onto the gig now.

03-14-2012, 04:00 PM	#28
Algreen70 Warrior Member Join Date: Mar 2012 Location: Pennsylvania Posts: 7 Thanks: 2 Thanked 0 Times in 0 Posts	Re: Anyone here running penny auction traffic? PPC-Coach, Thanks for the quick response. I think you're right about customers catching onto the current sites and how they do business. I don't think the current business model is sustainable long term. The only way it would be is if there are enough gamblers who get a thrill out of shopping. I'm willing to bet that the market for such people is pretty small. Casinos are much more appealing. I plan to change the current model and fix everything that is wrong with it. I think with a few major changes penny auctions can be a risk free and exciting shopping experience. What are some other peoples opinions? I'm sure a lot of affiliate marketers never bothered promoting them because they didn't want to be a part of something that could potentially rip off a consumer. Do you think a site that was proven to be risk free would have better results with the community? Thanks again, Al