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Auction sites have developed considerably over the last few years. The biggest auction sites in the world are only big, simply because they were the first. One thing that they are certainly not is the most innovative. What this means is that they are struggling to keep up and that many unique auction websites are catching them up day by day. Consumers want a great deal and it is the smaller, unique websites that are certainly offering consumers exactly what they want. This is a new way for people to save cash instantly. What is a unique bid website? A unique bid website is one where the winner of the auction will be the person with the lowest unique bid. For instance, the lowest bidder might be at £1.01. That being said, when another user places the same bid, the current leader of the auction will be the next lowest, which could be £1.47. If no one else bids £1.47 by the time the auction closes, that bidder will win the item for that price. Unique bid auctions can be tricky to win, but for those that manage to place the winning bid, the savings are often colossal. What prices do items go for? The prices that items finish for will vary a great deal. That being said, the winner of an auction can expect to pay 90% less than the original retail price. On many occasions, the price of an auction will be just a few pence. As an example, on a recent auction website that requires unique bids, an iPod Touch 8GB was listed. Obviously this is an extremely desirable product and one that is actually worth £169. That being said, the winner of the auction paid just £0.66 for the item. This is a saving of over 99%, which for most people is something that they simple can not comprehend. How to get involved. Signing up to unique bid websites is normally quick and completely free. At this point the individual can get to grips with the basics of the website to determine how it works. This is essential as it can be easy to make costly mistakes when it comes to bidding on these websites. At this point, people can top up their account with bids. Bids can then be placed on an auction of there choice. Obviously researching all of the past auctions including prices and patterns that occur will help people to be as successful as they possibly can be when it comes to finding the lowest unique bid. An extra bonus! There are only a small number of websites that do this, but it is possible to get the cost of your bids refunded if you don't win. Many people need to purchase certain items, regardless of the cost and are likely to pay RRP in high street stores. It makes perfect sense for them to use a unique bid auction site. If they fail to win the auction, they can purchase the item from the auction website, at which point all of their bids will be refunded. So they had an excellent opportunity presented to them, which cost them absolutely nothing. More and more people are using such websites as they begin to understand the advantages. BidGrid are a fantastic unique bid auction site who provide a risk free bidding feature. See how there auctions work here.
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