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Beezid is an online penny auction which is different than the traditional eBay style auction. Instead of bidding for free and then paying for the item, you pay for the bids and then get the item much cheaper because each bid increases the item by a smaller amount like 10 cents. You can’t bid $50 or $100 for something, you only can place a bid and then the highest bidder when the time runs out wins the item.

Be aware that the time is extended when someone bids, so don’t expect to bid at the last second and win, because the time usually adds 10 – 15 seconds for every bid.

Many people search for the best beezid strategy because they want to take advantage of this system and save a lot of money on retail items. The basic beezid strategy is to wait until the absolute last second the bid. If you think the item will sell for $50 because that’s the price it sold for last time, then this time it will probably sell for $100. I see that happen all of the time.

You should study the auctions for a few days before diving in. When you do want to start bidding, take advantage of the 10 free bid signup special they have going on right now, which you can get by clicking this link for beezid.

Beezid is a great place to win items at big discounts. Just be careful not to blow all of your bids in 5 minutes. A good tip for big items like TV’s is to wait until late in the night when everyone starts going to bed.