Cheapest Online Penny Auction On The Web

June 22, 2010 - PRLog -- DibzOnit (www.dibzonit.com) allows average, everyday consumers the chance to scoop up everything from iphones, ipods, itouch and ipads to navigation systems, TV's and gift cards at the fraction of the retail cost.

The premise behind the geniuos is actually faily simple.  By visiting DibzOnIt.com you can create a free account and build your profile.  Upon registering with DibzOnIt, they give you 5 Free starter bids to get your feet wet and start bidding on auctions.  You will eventually need to buy a bid pack starting at $20 for 25 bids in order to compete for the item(s) you really want to win.  The best value and most popular BidPack on DibzOnIt is the 250 bid package.

All you have to do now is find the auction you want, watch for a little while first to get a feel for who is bidding and how often.  Start to develop a your own penny auction bidding strategy.

Everytime someone places a bid the purchase price on the auction will increase by $0.01 (1 penny).  In addition, the time left on the auction will increase by a small amount to give other bidders a chance to bid as well.  If you are the last bidder on the item when the clock runs out...you win!

One of the really cool feature and benfits of becoming a member on DibzOnIt is the referal policy.  In your "My DibzOnIt" dashboard section you will find an area labeled referals.  Send the custom URL listed to friends and family and when they register and buy a BidPack on there own, the referring user will receive 10 bonus bids.  There is no limit on how many people a user can refer.

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Join Free, Buy BidPack, Bid on Items, Win Items 99% Off Retail Prices - The Cheapest Online Penny Auction Site