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Internet shopping has been a huge part of the economy for over a decade now. The phrase "online" is becoming used more and more in any conversation relating to cheap products and/or services. The reality is that the internet gives consumers the power, as they are able to shop around and truly get the best possible price. Unique bid auctions take this just one step further, allowing people to obtain brand new items often at a fraction of the cost of the original retail price. What are unique bid auctions? Unique bid auctions are a fairly new concept. At face value, the websites that they are listed on are much like traditional websites. As the consumer digs slightly deeper, they will see that the similarities quickly end. What these websites offer is a "pay per bid" service. Each bid an individual places will obviously cost the bidder, but that one bid will also have the chance of winning the auction for whatever the small price of that bid was. So, how is this good for consumers? The reality is, consumers hate paying out for something they don't have a guarantee of getting, however some of these auction sites offer a bids back or similar zero risk feature. In the case of these auctions, there is no guarantee that the bidder will win, as they might be outbid. Obviously they have had to fork out cash from their own pocket for the privilege as well! This means that the volume of bidders on unique bid auctions websites is still extremely low. This is why so many people are able to obtain such great deals when they visit them. What sort of savings are on offer? The savings do depend on the individual auction, the product and even the time of day. That being said, typical savings relating to these auctions are in the region of 70% on average. Items where the bidder has just been in the right place at the right time will go up to the 90% mark and beyond, which for some people, could represent savings of hundreds or even thousands of pounds. This is truly an opportunity to save immense amounts of money. How to make savings. It is not a case of just logging onto unique bid auctions and winning items. Unfortunately, these websites do take some strategy. It is worth spending some time researching auctions, finding out what sells for high prices and what does not. Generally, the less active an auction is, the better the chance of a good deal. For instance, a brand new car is likely to attract attention from all bidders, where as a mountain bike might only attract mountain bike enthusiasts, so pick bids wisely! Conclusion. Unique bid auctions are a great way to buy new items at low prices. Consumers can purchase items well below market value by paying to bid on those particular items. The cost of bidding varies, but on the whole, savings will end up being well over 50%. With savings available of 90% or more, more and more people are using these auction websites on a daily basis to save cash and get new products. BidGrid operate unique bid auctions where the lowest unique bid wins every auction. See how it works.
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