Designer goods are coveted by one and all but not everyone can afford them. This is not hard to understand - they are very pricey and you can get cheaper products that are similar in function. However, the real appeal of designer goods is not in their functionality but in their brand name. These goods are coveted essentially because they reflect on the person who is wearing or carrying them. They have thus traditionally been in the realm of celebrities or the uber-rich.
However, now there are ways in which you can get designer goods at very huge discounts of up to 90%. These are the actual goods and not fakes or cheap knock-offs. So how is this possible? Through penny auctions. Penny auctions exclusively for designer goods offer a great way to grab these items at a few dollars apiece. You can get everything, from Bloomingdale's gift card to Louis Vuitton designer bags all at prices that ordinary folk can afford.
So what is the catch? Well, there is no catch as such but you need to understand how penny auctions work. These are quite unlike traditional auctions like eBay where items sell near their retail price, even if it is less than the store value. At these auctions, the final price of the item is usually a few dollars, even for very pricey goods. However, the model is a pay-per-bid auction model, which means you will need to pay a fixed amount of money for every bid that you place. This of course is quite different from say eBay where bidding is always free and the winner pays the final price and gets the product. At these auctions, the bids are paid, so the auctioneer makes money through the bidding process as well as the final price of the item. It is precisely for this reason that these auction sites can afford to offer such huge discounts.
To get started, you should first choose the right penny auction for you. If you are looking for the best designer goods, it is preferable to choose niche penny auctions. This is because these sites cater exclusively to people who want to own 100% original designer products without paying a fortune. You will not find other goods here, which means the bidding members are limited and thus you will face lower competition. In addition, these sites are helpful because they are streamlined towards catering to a particular section only.
Designer goods interest everyone but part of their appeal is exclusivity. Now, ordinary folk have a chance to feel a part of the elite through penny auctions that cater to the luxury goods section.
By Sid Kal
However, now there are ways in which you can get designer goods at very huge discounts of up to 90%. These are the actual goods and not fakes or cheap knock-offs. So how is this possible? Through penny auctions. Penny auctions exclusively for designer goods offer a great way to grab these items at a few dollars apiece. You can get everything, from Bloomingdale's gift card to Louis Vuitton designer bags all at prices that ordinary folk can afford.
So what is the catch? Well, there is no catch as such but you need to understand how penny auctions work. These are quite unlike traditional auctions like eBay where items sell near their retail price, even if it is less than the store value. At these auctions, the final price of the item is usually a few dollars, even for very pricey goods. However, the model is a pay-per-bid auction model, which means you will need to pay a fixed amount of money for every bid that you place. This of course is quite different from say eBay where bidding is always free and the winner pays the final price and gets the product. At these auctions, the bids are paid, so the auctioneer makes money through the bidding process as well as the final price of the item. It is precisely for this reason that these auction sites can afford to offer such huge discounts.
To get started, you should first choose the right penny auction for you. If you are looking for the best designer goods, it is preferable to choose niche penny auctions. This is because these sites cater exclusively to people who want to own 100% original designer products without paying a fortune. You will not find other goods here, which means the bidding members are limited and thus you will face lower competition. In addition, these sites are helpful because they are streamlined towards catering to a particular section only.
Designer goods interest everyone but part of their appeal is exclusivity. Now, ordinary folk have a chance to feel a part of the elite through penny auctions that cater to the luxury goods section.
By Sid Kal
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