A lot of people see the ads for penny auction sites and imagine that this is a veritable gold mine that they can jump into and immediately enjoy success (after all – they think – it would sure be great to buy something such as a $500 iPad for only $5!), but one thing you need to realize before you commit to auctions on a penny auction site is that the website is making lots of money as well, and the way they do this is by scoring big off people who are wasting the bids they have bought!

The first thing you will have to do if you want to win big on Beezid is start small; too many people enter into auctions for big items with no real understanding of how these auctions work, and because of this, they end up donating their bids and coming away with nothing; until you have gotten to a place where you are consistently winning auctions for smaller items – and until you have gotten to a place where you have thousands of bids waiting to be used – you should not get tangled up in auctions for big items!

As you grow your knowledge on a site such as Beezid, you will also want to keep an eye out for others in order to learn who you can push around and who you should avoid, as this will help you to gain a reputation of someone others should avoid; once you have built this reputation, you will win a lot more bids (for a lot less!), because the other big players will be happy to avoid you in the same way you avoid them, and the smaller players will back out of auctions more quickly when they realize who they are up against!

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And finally, realize that there are certain times of day when it is better to use your bids; late at night, and during peak travel hours, you are going to run into a lot less competition, and it will be easier to pull down some big wins on big items.

Protect yourself on Beezid by starting small – and soon, you will be able to grow what you are doing until you are making more and more purchases for low dollar amounts!

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