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Penny Auctions Exposed: 95% Off Retail Possible?

Erin investigates new shopping trends on the internet.

By Erin Sutherland
SmartStyleLiving.net

Surplus clearance auction websites are a new phenomenon that is quickly spreading through North America and Europe (like you have probably already seen). They are all over the internet in blogs and success stories of people who have apparently bought expensive items at a fraction of what they normally cost. However, we were very skeptical of whether or not the deals on these surplus clearance auction sites were real, so we decided to put them to the test. What better way to find the truth than to conduct our own study?

I wanted to buy a new Apple iPad 2, so I was put in charge of the test.

First, I did a ton of research on the subject to find out which surplus auction site was the most trustworthy and ultimately would be best suited for my test. After hours and hours of research I came to the conclusion that GrabSwag Auctions was best because of its wide variety of products and great reputation. The way these auction sites supposedly work is that you buy bids to bid against other people in online auctions. If you win, you get to purchase the item at a greatly reduced price. GrabSwag Auctions had a new promotion, for a limited time, they were giving out 20 bonus bids on signup. This created an ideal situation for me, giving me the bids necessary to thoroughly test the auction site. This promotion is to help spread the word about shopping with GrabSwag Auctions and show people how much they can save with surplus clearance auctions.

Wondering How GrabSwag Can Provide Such Deals

GrabSwag Auctions gets their items from warehouse closeouts, surplus auctions, and liquidation clearance auctions. This is how they can offer such low prices in comparison to retail outlets.

What Do They Put Up For Auction?

I've seen everything from cars to phones, computers, laptops, TVs, cameras, stereo equipment and pretty much anything you can think of. Here are a few examples:

Putting GrabSwag Auctions to the Test

After going through a simple registration process on GrabSwag.com, I got my bids and began to try and win items listed up for auction. Before registering, I was still a little confused about the whole process - but after registering everything became clear.

I began to bid on the item I was after, a 52" Samsung LED TV. Surprisingly, I won after a very short period of bidding. It cost me only only $67.50 total for a $899 HDTV!

To make sure this wasn't a fluke, I decided to try again to see if I could win another item - again, to my surprise I won yet again - this time the savings were bigger! I ended up spending $163 for a $1,699.00 MacBook Pro. Very impressive, and I don't think stores can match such deals!

Shipping - after I won the products and paid for them - I received the items in only a few days. Within a short period I had my items in hand. Simply amazing.

My Complete GrabSwag Experience

Week One

Research on the surplus auction system and how it works, and how you could legitimately get 95% off retail prices. You buy bids to bid against others in auctions. If you win, you get to purchase the item at a reduced price. I saw there were many users who won multiple auctions and knew with the right strategy that could be me.

Week Two

After finding that GrabSwag Auctions was the most legitimate surplus auction site around, I decided to register with the promo code and claim my 10 bonus bids. I messed up on my first try, and didn't win the auction, but it didn't cost me much, so I continued to try to really find out if this system works.

I developed my system. I started to look for an auction that didn't have a lot of bidders. Typically these were the auctions taking place between 1am-5am EST.

Week Three

After some trial and error, I was able to win my first auction. After that, I decided I'd try again and see if it was possible to win more than once in a row. This possibility became a reality, and I won my second auction. After this, my bids were mostly spent, however I was VERY EXCITED to see my cheap items being shipped!

Week Four

I received my items, and they were in mint condition. Packaging was very good. I will never use a regular auction site again! I still can't believe I received these items for such a discounted price!

I Couldn't be any happier with the results

Step by Step Guide to GrabSwag Auctions

Now that you know GrabSwag Auctions can offer real savings, you may be wondering how exactly does it work? Don't worry – we'll tell you everything you need to know! Here is our step-by-step guide to get you started:

Step 1:

Register as a user at GrabSwag Auctions and get your bids.
Use Our Exclusive Link to get a discount on signup and 50 bonus bids!

Note: Our Promo Code Expires on July 4th, 2011

Step 2:

Search the auctions and place bids.

Step 3:

When you win the auction, you'll be taken to the checkout where you can pay for your item at a deep discount!

It's really that easy!

Conclusion:

Overall, I had a very positive experience with GrabSwag Auctions, which was very surprising to me. What once seemed impossible has now turned into a reality, a possibility to get 95% off retail! Everyone at News6Today now uses GrabSwag Auctions for all their shopping needs.

P.S. GrabSwag Auctions has agreed to keep the promo active for our readers for a short while longer. Get in on it while you can!

Taylor @ 12:23 PM May 31, 2011

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