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How good an Investment is Penny Auction? - Investment - Nairaland

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How good an Investment is Penny Auction? by Corroro: 4:40pm On Mar 16, 2021
Bidding as we all know it is an offer to set a price tag by someone for a product or service. It is used to determine the cost or value of something as more than one party may have interest depending on how much each party needs it.

An item that is eyed by many mostly will have great value and will end up being priced very high so many people see bidding as something only the very wealthy partake in. But what if you could actually get those goods at a cheap rate? when I say cheap rate I am talking of "getting1000 naira airtime for less than 1 naira" cheap. That's what you get at Kobobid.com, it may be an auction and bidding platform but I prefer to see it as a room for good investment, how do you see it?

I missed some auctions earlier today but I'm patiently waiting for 8pm today as there is an Air conditioner on auction, I'll definitely be taking my chance cos if I can win that AC in this hot weather at a very cheap price then that's good investment.

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Re: How good an Investment is Penny Auction? by folaolufunmi(f): 4:43pm On Mar 16, 2021
Can anyone bid on the website and how can we check the authenticity of the bid
Re: How good an Investment is Penny Auction? by Corroro: 4:47pm On Mar 16, 2021
folaolufunmi:
Can anyone bid on the website and how can we check the authenticity of the bid
yes, you make your bids online. And once you bid, you see it there.
Re: How good an Investment is Penny Auction? by koskilala: 4:50pm On Mar 16, 2021
Wow, so a bidding company like this is in Nigeria? That's nice o, though I wonder how the traffic will be considering how many people will want to go for goods this cheap.
Re: How good an Investment is Penny Auction? by Melaninprincess(f): 4:53pm On Mar 16, 2021
To get this thing will be hard o because a lot of people will want to get this item

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Re: How good an Investment is Penny Auction? by 2Lucid: 4:58pm On Mar 16, 2021
On Kobobid, what happens to my money when I bid and fail to win a bid?

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Re: How good an Investment is Penny Auction? by Melaninprincess(f): 4:58pm On Mar 16, 2021
koskilala:
Wow, so a bidding company like this is in Nigeria? That's nice o, though I wonder how the traffic will be considering how many people will want to go for goods this cheap.
Yeah. There's a bidding company and a lot of people are winning if you can outbid everyone

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Re: How good an Investment is Penny Auction? by Techm8: 5:00pm On Mar 16, 2021
2Lucid:
On Kobobid, what happens to my money when I bid and fail to win a bid?
I think when you fail to win a bid and you really want to buy the item, you can choose to buy and they'll subtract the money you've spent on bidding and you pay the difference as the cost of the item.

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Re: How good an Investment is Penny Auction? by OctoberEleven: 5:03pm On Mar 16, 2021
Techm8:

I think when you fail to win a bid and you really want to buy the item, you can choose to buy and they'll subtract the money you've spent on bidding and you pay the difference as the cost of the item.

This is actually cool if that's how it works. If I really want to buy an item, I'll just try my luck first and bid, of I win awesome, if I don't then I'll just go ahead and pay the balance on top what I've spent on bidding.
Re: How good an Investment is Penny Auction? by YangaBabe: 5:13pm On Mar 16, 2021
Omo, I didn't even see it from this your point of view, truly in a way it can be seen as a form of investment o, or let's say a form of spending wisely.
Re: How good an Investment is Penny Auction? by Niswayne19: 5:44pm On Mar 16, 2021
Wow I wish you all the best in your bidding and I hope you get to win the AC because the heat of nowadays no be here.
Re: How good an Investment is Penny Auction? by ItrendNaija(m): 6:22pm On Mar 16, 2021
e be like we plenty wey go gather bid for that AC, cos what is this heat
Re: How good an Investment is Penny Auction? by Corroro: 6:25pm On Mar 16, 2021
koskilala:
Wow, so a bidding company like this is in Nigeria? That's nice o, though I wonder how the traffic will be considering how many people will want to go for goods this cheap.
yes o, it's very much present and legit. It's fast too irrespective of how many people are bidding.
Re: How good an Investment is Penny Auction? by hexenbiest: 6:28pm On Mar 16, 2021
I've been building anticipation for 8pm, with better luck of winning the Hisense split air conditioning unit, and I'm finding out the OP is my competitor. It's a good thing I was given a 100% bonus on my first bid pack purchase.

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Re: How good an Investment is Penny Auction? by Corroro: 6:30pm On Mar 16, 2021
Melaninprincess:
To get this thing will be hard o because a lot of people will want to get this item
yes, as it is with many other auctions, that's what you get when the auctions come this cheap, also, everyone can partake so be ready to make bids
Re: How good an Investment is Penny Auction? by Hundjager: 6:45pm On Mar 16, 2021
hexenbiest:
I've been building anticipation for 8pm, with better luck of winning the Hisense split air conditioning unit, and I'm finding out the OP is my competitor. It's a good thing I was given a 100% bonus on my first bid pack purchase.

Pls I just signed up, how can I get the bidpack bonus?
Re: How good an Investment is Penny Auction? by hexenbiest: 7:38pm On Mar 16, 2021
Hundjager:


Pls I just signed up, how can I get the bidpack bonus?

I bought 25 bid pack and got another 25 bid pack for free. Though I think only new sign-ups are eligible for the offer.
Re: How good an Investment is Penny Auction? by AmadorSays: 7:54pm On Mar 16, 2021
@op if that's how you see it then it's good investment, though a very lucky one too
Re: How good an Investment is Penny Auction? by adenike21273: 8:03pm On Mar 16, 2021
Wow I wish you all the best in your bidding and I hope you get to win the AC because the heat of nowadays no be here.
Re: How good an Investment is Penny Auction? by Yinksy09(m): 8:34pm On Mar 16, 2021
Corroro:
Bidding as we all know it is an offer to set a price tag by someone for a product or service. It is used to determine the cost or value of something as more than one party may have interest depending on how much each party needs it.

An item that is eyed by many mostly will have great value and will end up being priced very high so many people see bidding as something only the very wealthy partake in. But what if you could actually get those goods at a cheap rate? when I say cheap rate I am talking of "getting1000 naira airtime for less than 1 naira" cheap. That's what you get at Kobobid.com, it may be an auction and bidding platform but I prefer to see it as a room for good investment, how do you see it?

I missed some auctions earlier today but I'm patiently waiting for 8pm today as there is an Air conditioner on auction, I'll definitely be taking my chance cos if I can win that AC in this hot weather at a very cheap price then that's good investment.
Wow that’s great. Did you later win the AC? What I actually need right now is a laptop for my media business
Re: How good an Investment is Penny Auction? by Theanyanwu: 8:41pm On Mar 16, 2021
I just opened an account. I'll bid tonight
Re: How good an Investment is Penny Auction? by Theanyanwu: 8:44pm On Mar 16, 2021
hexenbiest:


I bought 25 bid pack and got another 25 bid pack for free. Though I think only new sign-ups are eligible for the offer.
how much is the 25bid?

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