Beware: New Penny Auction Site Scam Uses Same Ad Tactics as XBids

Posted on April 4, 2011


An ad almost Identical to the one I saw for XBids [see On My Watch report here] and that lured me to their site has appeared recently. Here is most of the AD

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New Penny Auction Site SaveBig Saves Consumers 95% Off Retail!

As part of a new series: “How to Save Big Bucks When Shopping Online”

Johanna investigates hot deals and shopping trends, like SaveBig and other penny auctions.

Surplus 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 very little cost. However, we were very skeptical of whether or not these surplus 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 HDTV, 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 SaveBig 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 others in auctions. If you win, you get to purchase the item at a reduced price. SaveBig had a new promotion, for a limited time, they are giving out 20 bonus bids on signup. This created an ideal situation for me, giving me the bids necessary to thoroughly test the site. This promotion is to help spread the word about shopping with SaveBig and show people how much they can save with surplus auctions.

Wondering How SaveBig Can Provide Such Deals?

SaveBig 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.

Putting SaveBig to the Test

After going through a simple registration process on SaveBig, 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 42″ Panasonic LCD TV. Surprisingly, I won after a very short period of bidding. It cost me 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 $1,199 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 Full Experience With SaveBig*

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 SaveBig was the most legitimate surplus auction site around, I decided to register with the promo code and claim my 20 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 2am-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

A Step-By-Step Guide To SaveBig

Now that you know SaveBig can offer real savings, you may be wondering how exactly it works. 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 SaveBig and get your bids.
Use our EXCLUSIVE link and receive an additional 20 free bids!

Exclusive promo expires on Tuesday, April 5, 2011.

Step 2:

Search the auctions until you find an item that appeals to you.

Step 3:

Start placing your bids.

Step 4:

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

It’s really that easy!

Conclusion

Overall, I had a very positive experience with SaveBig, which was very surprising to me. What once seemed impossible has now turned into a reality, a possibility to get 95% off retail!

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

›› Start Here: SaveBig Official Site

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But what happened to XBIDS.COM?  Here is what happened to it.

You’re not surprised are you?

Posted in: UNITED STATES