Rosemary Melissa

"Penny" auctions - those where bidders have to pay for their bids - are not new, and now that they've moved online they're more popular than ever. A site like DealDash attracts a lot of interest based on the shockingly low prices that win their auctions for premium products. Is it to good to be true? Yes and no.

The Profits Are Real, But So Are The Savings

Just like other penny auction systems, DealDash can let merchandise go at incredibly low prices because they collect a small fee for every bid made on every item - whether or not the bidder wins the auction. That's how they can afford to sell a tablet for a few dozen dollars when its retail price is several hundred: With enough bidding they may collect thousands of dollars on that one item. Some people find this business model troubling, but both the auction site and the bidders are treated decently - as long as the bidders understand the process. Tips And Tactics For Smart Bidding At Dealdash here http://www.moneynewsnow.com/2014/11/dealdash-a-scam-90-off-or-rip-off/

Keeping Bidders Well-Informed

DealDash is more up-front about the mechanics of the penny auction system than many of their competitors. The operators make it clear that all bids cost money, and they admit that this makes losing auctions a rather expensive proposition. They admit that the real appeal of the system is its entertainment value. They believe that many consumers would rather engage in an exciting struggle for a great deal rather than do endless comparison shopping. Based on the number of bidders their site attracts, they appear to be on to something.

While patronizing penny auctions involves taking on some risk, this is no reason for potential buyers to stay away from them. As long as they're very clear about the costs and procedures involved - and DealDash is very good about informing them - they can enjoy an exciting hunt for big savings.