Penny Auction Sites - Do You Promote Them?

by bigbrian

Posted: 14 years ago 11 replies

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I am noticing more and more Penny Auction sites popping up and we have BidFire on Envyus now. If any of you guys have pushed or are currently pushing traffic to these types of sites would you mind sharing your experiences - good or bad?

These Penny Auction sites are popping up left and right and from talking to a few other people they are supposedly the "next best thing". CPA Payout on them is very decent for conversion point required.

I've personally seen these types of sites around on the interwebs for a while and a buddy of mine was building one last time I talked to him a few months ago. I am just basically interested in getting some input/feedback from publishers pushing these Penny Auction site offers. I have a feeling we are going to see more and more merchants popping these sites up and getting placement on networks.

I'll be honest and say we just got BidFire and don't have any traction yet. I have pubs interested but I don't like to lie and/or fabricate stories about "how good" an offer is. I'd like to hear some feedback from real people with real results - good or bad.

Brian

#auction #penny #promote #sites

williamrs 14 years ago

Once I tried to promote Bidz, but was not successful. However, I think that I couldn't make that works because it's very expensive to advertise anything in the jewelry niche.

Penny Auction sites are getting very popular and I'm sure that many affiliates will be interested in promoting them soon. So I think that you should invest on this type of offer asap, while the demand isn't too high.

William
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TheAnnoyingOrange 14 years ago

I'm waiting for the day that they all get shut down and deemed illegal...
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ChrisBa 14 years ago

yes they are very easy to profit from
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alexudy 14 years ago

I have tried, but wasn't very successful.
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2pacisreal 14 years ago

yea i am promoting couple of them from eleadmedia mostly easy leads pays less but converts good.
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- dropship 14 years ago
  
  They are popping up left and right which means the opportunity is there to promote them with all the buzz they bring. I don't think they will be banned and deemed illegal as sites like swoopo have been running for years and years.
  
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  bigbrian 14 years ago
  
  ChrisBa - That is what I wanted to hear!
  
  2pacisreal - I have found Penny Auction offers pay more or less depending on requirements. We have BidFire right now and they require $10 deposit for the conversion to occur which streets at $16. I guess most Penny Auction bidders are going to drop at least 10 bucks in their account so I assume it would do well if you can get the correct traffic to it.
  
  What kind of volume do you do now on it 2pacisreal? I think "free" traffic would work well on the Penny Auction offers.
  
  Thanks for the insight guys... I appreciate the feedback!
  
  Brian
  
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grablo 12 years ago

We are launching our site soon..part penny auction, part woot, part google adwords...no other site exist like this
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badboy_Nick 12 years ago

Nope, don't even bother looking at penny auctions. Why?

C'mon, do I wanna earn pennies or pounds for the same amount of marketing effort? You do the maths

Nick
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bidstall 12 years ago

We have been promoting penny auction sites. From experience, users have understood transparency is the most important thing. Further the user should feel that skill is an important factor than chance. Of-course there can be only one winner who can bid and win the auction eventually regardless of the model.
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Same 12 years ago

I tried using social media traffic and media buying.

Social media was epic fail, lost a lot of money in testing and I was trying to figure out why nobody was interested. Then I tried to buy media, buy advertising places and more. That worked. What I found - promoting in UK & US sites just sucked my money, nothing else. Then I tried to look something abroad. I found few big sites in small countries, I contacted the owner with my offer, turned out they already had an affiliate website, so I immediately started promoting that penny auction. I hired a native people ( of that country ) who was helping me to find sites advertising places. I tried from gaming sites to even news sites. And now only stick with the online-newspaper and biggest news sites. Biggest news sites work like crazy. I love it, they're getting so much traffic, and advertising price isn't so big in smaller countries like you would be paying in US.. By the way, the payout is a bit smaller than $35-$50 for US traffic auctions ( when someone submits credit card ) but I am pretty happy what I'm getting.

So what I want to tell, just think smart. Think outside the box, you can really find the way how to promote pretty much anything. Just need to research, never stick with US and UK traffic, you can find that international industry can bank you more money even if the offer is paying less than in UK or US.

Good luck!
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