HoundsGood: Chronicles of a Virtual Volunteer

It stretches the dollar a heck of a lot when you clip coupons and buy at the right time. I have used online auctions to get last season’s clothes and books that folks have read and are passing along. However, I am a bit intrigued yet cautious of the penny auction sites that have cropped up. One of them is Swizzie. They offer electronics and other items starting at a penny. You buy bids at .60 each. You are required, for example to buy $48 for 80 bids, and then use your bids on the items you want. From what I understand, the auction works on the principle of whomever placed the last bid wins, rather than the person who placed the highest bid at the beginning of the auction. Sometimes, when an auction is over, others can purchase the item at the same price of the winning bid.

Some of the items are factory refurbished. Some are new and sealed. I would imagine they can offer things at low prices because companies write off excess overstock or items that were returned, but I am not 100% entirely sure. You can check Swizzie on Facebook. If you want to, follow Swizzie at Twitter if Twitter is more your style. It appears that their accounts on both are relatively new.

Have you tried Swizzie or an auction site with a similar concept. Did you have a good experience, or do you have a “wait and see” attitude? Write and tell me what you think.

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.