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In this day and age, there is one thing on people's minds; saving money. Many of the so called opportunities to save money end up being illegitimate, which is why many people tend to ignore the savings that are actually for real. Auction sites have been known for being some of the best places to save money over the last decade. The generation of buying on these sites started in the late 1990's, but the world of online auctions has come a long way and now there are plenty of different ways to use them to save cash. What was the original purpose of these websites? The idea behind most of the original auctions sites was to create a portal where people could sell their used and unwanted items. Instead of just advertising locally, they could advertise their items across the world for everyone to see. Obviously this meant that, with a bigger target audience, they would achieve a better price for their items. This has worked, which is great for sellers, but it means that buyers are not necessarily getting the deals that they used to be able to get, the result being that savings are generally lower. Online suppliers and auction websites: Nowadays, the bargains are extremely hard to come by on traditional style auction websites. With millions of auctions online, it becomes difficult to sift through the good, the bad and the ugly. Worse still is the fact that most retailers post their whole catalogue on these websites, which means finding items that are of interest is near impossible. Natural evolution: With auction sites becoming harder and harder to use, it was obvious there needed to be some natural evolution and progression. This brings us nicely onto what are commonly known as penny auction websites. Penny auction websites are where the bidder pays "per bid" for their item, which can be around 50p (UK) and 50 cents in the US. The overall cost of the auction usually ends well below RRP and offers users the chance to pick up huge savings on brand new items. In fact, savings in excess of 90% are regularly seen with this kind of auction. Conclusion: The traditional auction sites are not as good as they used to be. With hundreds of people watching any one auction at a time, it can be hard to find a decent deal. That being said, the deals are out there. The problem is, searching through the millions of auctions that are listed online is certainly not an easy challenge. With people's lives getting busier by the day, most people simply do not have the time to search around. For those that are looking to pay second hand prices for brand new products, a good option might be penny auction sites. This format scares a lot of potential bidders away, which means the prices that items sell for are ridiculously low. Obviously this is great for the buyer as they manage to obtain some extremely well priced items with little or no effort! BidGrid operate a specific kind of online penny auction site where the lowest unique bid wins every auction. See how it works.
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