There is a lot of talk, on and off the Internet about how penny auction websites make money – too much money – and how bidders get stuff for pennies – or how they are stupid to spend money on bidding in those penny auctions with no guarantee to win the bid.
Well, I am sure that all sides have their point, so let me give you my point of view.
Personally at this time I do not know how much money I will make. I do, however, know about business, having worked across the world in a dozen countries and on four continents, for others as well as for myself, and I do know that the grass on the other side always looks greener.
Yes, Penny Auction websites are set up to make money, but like any other business they demand knowledge, investment, work, ongoing and expensive promotions and - well, a bit of luck too.
Penny Auction site owners note they do not make money on every auction and have risks like any other business.
That said, why would there be a problem with penny sites making lots of money on every auction?
Microsoft has insane profit margins; a coffee at Starbucks cost 17 cents to make but sells for $3.00 or more.
We enjoy both, and for those of you who do not enjoy either one, you should not buy.
Businesses are there to make money, and the free market will enable or disable them in that quest, by loving or not loving their products.
What about the bidders at such Penny Auctions?
On Healthcare4Pennies.com, they could get a dental restoration worth $15,000 for under $500, or maybe a couple of thousand of dollars, and at the very, very worst the bidder will get a 10% discount on whatever package he/she is bidding on.
Now, that looks like a healthy deal.
But what about the guys or ladies who bid maybe a hundred or more dollars on such an auction but do not win?
It would be no different than life. One does not win all the time.
Let's look at it.
After graduating college, will you be certain to get a job with good pay, regardless of your debts?
What about ninety percent of all business ventures failing in just the first few years - so where is their guarantee?
Auctions are not for anyone as there is nothing that is for everyone.
My point is that to win the war one does not need to win every battle.
I heard Walt Disney went broke (bankrupt) seven times before he built the happiest place on Earth.
Persistence does apply to Penny Auctions, as much as it does to business or life in general.
So, what if you lose some auctions, which you are bound to do no matter what you do!
What if you bid on, let's say five, even ten similar auctions and don’t win?
Let’s say you only win the eleventh bidding you undertake and the total cost of your win is now eighty percent of regular price?
What about it?
People trample themselves to death for a twenty-percent plus discount at Wal-Mart during shopping on Black Friday, so why not be happy to get a twenty percent discount on healthcare in case it is all it boils down to?
Which dentist or podiatrist, Lasik eye surgeon, chiropractor, orthopedic surgeon etc will give you such discounts?
Look, there is no such a thing as a free ride. Rewards without risk do not exist, never have and never will. I think it is a good thing – something our creator has hard-wired into this planet.
While I am not saying that one can become super sophisticated, and learn how to win most auctions, I am saying that most people say they get better at it after a while, and that coupled with the sheer persistence one has as good a chance of getting as inexpensive of a healthcare as it is currently possible. Better - I believe.
By the way there is another way, actually an ADDITIONAL way (but yet, also totally alone standing) to save incredible huge amounts of money on most health care procedures. Click HERE