Beezid Reviews | Is Beezid A Scam

Aug. 6, 2012 - PRLog -- Beezid Reviews have been mixed with people who are completely new to penny auction sites and then those who have a lot of experience with penny auction and winning them.  I am sure you can guess who has been writing negative reviews of Beezid - all the people who have never used a penny auction site and expected to win big their first couple of tries and then they gave up.  Well fortunately for you I will go into all the details you need to know in how to win on Beezid.

What is Beezid
Beezid.com is a newer penny auction site that you have probably seen advertising on TV between you favorite news channel shows.  This type of advertising has given a lot of buzz about Beezid and therefore many people have questions on how Beezid actually works.  If you are not sure about what a penny auction site is here is a simple definition:

Penny auctions are auctions that are increased at one cent increments, there is a catch though each bid is worth only one cent when you bid but you have to pay $.69 for each bid so technically you lose $.68 every time you bid.  This results in items that cost hundreds or even thousands of dollars being sold for an unbelievably low fraction of the cost.

How Does Beezid Work
At Beezid the bid costs are sixty nine cents for each bid but you can also buy larger bid packs for less money per bid - which I highly advise if you are a serious bidder.  All penny auction websites require that you pay up front.   You can buy a package of bids, and the larger package you are willing to buy, the cheaper each individual bid is – as low as 60 cents a bid.  In the event that you do lose an auction, Beezid will give you the option of buying the item you were bidding for.  So if you were bidding on a $300 iPhone, and spent $90 in bids trying to win it, but still lost, for an extra $210 you can just purchase the item from their site.  In this way you lost the auction, but at least you haven’t lost all the money you invested in trying to win it.  I really like this feature of Beezid versus the other penny auction sites out there.

Beezid Strategy
Many people have been wondering if there is a certain strategy that works for Beezid.  The good news is yes there is and here is what you need to do.  First off, you need to stay focused on one item and one item only.  This may be the biggest downfall people make on penny auction sites.  You need to buy bids, and enough of them, to win only one item.  Don't spend money on bids and then bid on everything, this is how you lose auctions and lose money.  Stay focused on only one item you want to win and buy enough bids so that you can spend the most money on the item that you are willing to.  So for instance, you want a HDTV that retails for $1000.  You need to figure out the most you are willing to spend on the item so say $700.  Buy enough bids so you can bid up to $700 and stay glued to the auction so you can be the winner or if allowed, set a proxy bid at $700 or the highest amount you're willing to pay, and let the computer out bid others automatically until it reaches $700.  This Beezid Strategy has worked successfully for me and tons of others.

Hopefully this Beezid Review has helped you clear up any questions such as "is beezid a scam" or "is beezid legit"  and now you can use this Beezid strategy I have laid out to successful win auctions on Beezid and start getting products up to 90% off retail.  

Beezid Promo Codes are frequently offer on their website and I recommend checking them out so you can start implementing this Beezid Strategy.  Check them out now here:

http://tech-bargain.com/beezid-review/

Beezid Reviews