Strategies & Tips  Penny Auction Strategies  There are three
basic strategies that bidders utilize on penny auctions.  1.
Aggressive (“The Bid Till You Die Strategy”) Bidders who use the
aggressive bidding strategy strike fear into the hearts of their
opponents. Any time they are outbid, they immediately place
another bid to put themselves back in the lead. Bidders use this
strategy to develop a reputation that they will win at any cost.
2. Conservative (“The War of Attrition Strategy”) Bidders who
use the conservative bidding strategy hope to outlast their
opponents. They use their bids sparingly, and when they do bid,
they often wait until the clock nears zero before bidding. This
allows them to conserve resources while other bidders consume
theirs.  3. Hopeful (“The Strike Early Strategy”) Bidders who
use the hopeful bidding strategy bid on auctions early. They
realize that many auctions open and close without much
competition. They look to win auctions early before they
gain too much attention.  Penny Au