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M (新しいページ: 'Pros and Cons of Global Penny Auctions As global penny auctions grow in popularity, one cannot but stop and think - is it good for me, as a bidder? Sure, it appears it is a go...') |
M (新しいページ: 'Pros and Cons of Global Penny Auctions As global penny auctions grow in popularity, one cannot but stop and think - is it good for me, as a bidder? Sure, it appears it is a go...') |
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Pros and Cons of Global Penny Auctions
As global penny auctions grow in popularity, one cannot but stop and think - is it good for me, as a bidder? Sure, it appears it is a good idea for that site because it are now able to get in touch with bidders around the globe without having a critical mass of bidders in each country. But how about bidders? How good could it be?
Here, by global penny auctions, I am talking about those sites where people all over the world compete on the same auctions. What this means is if there is a pre-balance credit card that I am bidding on, chances are, another bidder I am competing against is from a different country and time zone as me.
Pros The largest advantage of global penny auctions is it can help you with variety of products. This is achieved in 2 distinct ways. One, there are certain products that are popular in america and not the united kingdom or Australia and the other way around. This means you reach pick and bid on auctions that you simply may not see inside your country. This sure is exciting.
Secondly, bidders see more auctions throughout the day because now people from different time-zones are competing. This is really a good deal for many bidders who don't get to bid during the peak product times, like afternoon (because you will work) and instead wish to bid during the night when there aren't enough products. Yes, it is a fact, just about all penny auctions have fewer auctions during the night.
Cons Obviously it is not all a bed of roses. There are times when you don't want to be bidding globally. One immediate concern is to do with competition. Will the penny auction scale in the number of auctions in proportion to the number of bidders who've now increased? The solution of course depends upon the site however the usual answer is no. What this means is more competition because of increased bidders on same quantity of slightly increased quantity of auctions.
Global bidding could also render some bidding strategies obsolete. This could mean bidders need to reevaluate everything, especially strategies based on best bidding times.
It's really exciting to be bidding against people all over the world, but simultaneously you should remember why you are on the site - to win! Some penny auctions can pull it off well yet others cannot. BidRivals, typically the most popular site at one point of time throughout Europe is struggling today with significantly fewer auctions and bidders than at its peak.
