How does BidRivals Work?

How does BidRivals work? This is a common question that is asked by people who are unfamiliar with the site and want to learn more about it. BidRivals is a penny auction, so that is its basic auction model. What does this mean? BidRivals, like other penny auctions, are different from traditional auctions like eBay. The way BidRivals works is that it gives you a chance to win items for a very cheap price - usually up to 90% off, but with a catch that there is only one winner and everyone, including the people who don't win the auction, must pay for the bids.

The main things to know about how BidRivals works are:

• Bidding ain't free: This is the first and foremost difference between sites like BidRivals and eBay. At BidRivals, you pay for each and every bid that you place, unlike eBay where the bidding is completely free. You should understand that even if you end up losing the auction, you still have to pay for the bids.
  

• You don't decide the Bid Value: The way a traditional auction works is that you name a price for the item and you see if someone outbids you. You are free to bid anything as long as you can afford it, so if it is a million dollar painting, you might as well start with a $500,000 bid. However, in BidRivals and other penny auctions, you don't determine the bid value. Each time you bid, the amount automatically is increased by 1 cent. You will never be allowed to enter a final bid value for the product. This is the way in which BidRivals gathers up more bids and thus more money.
  

• No Fixed Timer: At BidRivals, the timer constantly keeps updating when a bid is placed, unlike traditional auctions where you have a fixed time by the end of which the auction ends. For this reason, at BidRivals you can never really know how long an auction runs - this depends on how many bids are placed. There are auctions that now seem to have 2 seconds left but as the timer keeps incrementing after each and every bid, it can extend up to 1 day or more!

These are the 3 main points that you must know in order to understand how does BidRivals work. Only after you understand the auction model should you start bidding. Otherwise, you might end up losing money and winning nothing.

In order to win on BidRivals, you must know BidRivals strategies to win. Read my series on BidRivals strategies to keep yourself informed.