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Penny Wise: The Complete Guide to Saving Money with Online Penny Auctions [Kindle Edition]

Joshua Waldron , Ken Knelly
4.6 out of 5 stars  See all reviews (14 customer reviews)

Print List Price: $19.99
Kindle Price: $9.99
You Save: $10.00 (50%)

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Book Description

Online penny auctions have exploded across the internet. This new way of getting everything from gift cards to laptops offers successful buyers unbelievable values – literally pennies on the dollar. The variation on the auction theme comes with a caution, though: Let the bidder beware. You may lose a bundle.

Penny Wise: The Complete Guide to Saving Money with Online Penny Auctions is the first comprehensive handbook for bidders. Whether you’re a novice player or a seasoned buyer, this book will help you win more often, save more dollars, and avoid common mistakes.

This straight-forward, easy-to-follow manual is written by a penny auction pro and a former journalist. It takes you from beginning to winning, helping you learn the techniques successful bidders use. Chapters examine:

Origins of the penny auction industry
The unique business model behind the sites
Basic fundamentals and various auction formats
Ways to know when to bid and when not to
Developing an online identity
Methods of tracking your success
Recognizing red flags and problem sites
Monetizing your wins
Starting your own website

The guide includes Penny Point tips and Common Cents advice to help you dissect the jargon. If you’re going to win penny auctions, you need this book. Penny Wise: The Complete Guide to Saving Money with Online Penny Auctions will help you get started, stay in the game, and take home more than pennies.

Editorial Reviews

About the Author

Ken Knelly spent a dozen years as a print journalist, earning regional and national recognition. Josh Waldron is the creator and owner of, a dynamic one-stop, user-oriented site featuring news, ratings, and more.

Product Details

  • File Size: 577 KB
  • Print Length: 104 pages
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B006C7K9ZQ
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Not Enabled
  • Lending: Enabled
  • Amazon Best Sellers Rank: #1,019,869 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Most Helpful Customer Reviews
5 of 6 people found the following review helpful
5.0 out of 5 stars Bid Buster November 26, 2011
By Tom
This is simply the best book on how to make money in Penny Auctions that I've read yet. This Penny Wise book is of great value. Why, had the internet existed then, I could see a bifocaled Ben Franklin, himself, sitting by his pot bellied stove, chuckling with glee as he leafed through its pages.

Seriously, this brings it all to you. The book is for the item seeker on how to use penny auctions to advantage, while avoiding the pitfalls. And also for the one who forges ahead right into the business, website, merchandise and all.

The book is a road map on how to take action, and a guide with answers to the key questions. Questions such as:
1) How do I find a reputable site(s)? - Problem avoidance.
2) What are the steps to engage in and win penny auction bids? - Strategy.
3) How do I find the stuff that I want to bid on? - Focus.
4) And The really key question, how do I constantly win without overbidding? -Success.

The book identifies the major players in the game, as well as, pounting out the important sources and websites for quick action.
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4 of 5 people found the following review helpful
5.0 out of 5 stars PENNY WISE PACKS A WEALTH OF INFORMATIION December 12, 2011
Penny Wise is a dynamite user-friendly book. The strategies and tips along with the pros and cons are invaluable. It really opened my eyes to some pitfalls that I never knew existed. It offers great insight into why some strategies might not work-based on strategies that other more aggressive players might be using. It is truly a manual to read and reread.
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4 of 5 people found the following review helpful
5.0 out of 5 stars Very Helpful for a Beginner November 24, 2011
By Jen
Being very new to 'penny auctions' and not being overly successful without some help, I found this book to be full of useful information, practical tips and an all around good guide. The book will help bidders be more successful and have fun while saving money along the way. Let the competition begin!
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1 of 1 people found the following review helpful
2.0 out of 5 stars Not what I expected April 14, 2013
Format:Kindle Edition|Verified Purchase
I did not think this had very much useful information. Most of the info the average person could easily figure out on their own, playing around on a penny auction site.
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1 of 1 people found the following review helpful
3.0 out of 5 stars The Same Information is Available Online January 11, 2013
Format:Kindle Edition|Verified Purchase
This is a handy little book, but I read the same information online. I was hoping to garner some "inside information" to make me a better bidder. Unfortunately what this book fails to tell you is a lot of these penny auction sites are scams and the distributors of any won "gift cards" arrive with a zero balance. You just get the run around when you try to resolve the gift card dilemma. I was ripped off of $125 in won gift cards, so proceed with caution; however the one website I bid and won actual product, the product arrived new and in working condition.
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3 of 4 people found the following review helpful
5.0 out of 5 stars Complete Coverage November 11, 2011
Got your book in the mail yesterday.. Read it cover to cover. It's amazing how quickly sites come and go.. Some sites listed didn't even make it through publishing.

It was a good read. I tried to read it as if I knew nothing about the industry, but it was so hard to do. I kept finding myself trying to see if you missed any important details bidders, owners, or potential owners needed to know. So here is my report on that:

Nothing.. Well done!!

I'll recommend it wherever I can, and wish you success on it.
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3 of 4 people found the following review helpful
By mark s
I consider myself somewhat of a "Penny Auction Expert", and I can't say enough about how impressed I am by the book.

The authors deserve a really big congratulations, if anything could be called the "PA Bible", this is it. I really hope it's a big success, and hope you keep it up to date with future editions.
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Most Recent Customer Reviews
5.0 out of 5 stars So great
I stumbled upon this book and yes it looks quite interesting and have seen it and a teacher of mine recommended it, yes it has a nice cover and looks ravishing.
Published 10 months ago by E
5.0 out of 5 stars Excellent Information Presented Well - Thank You
I purchased this book in an effort to learn more about penny auctions from a very beginner level. It not only satisfied my needs as a beginner, it introduced advanced concepts and... Read more
Published 12 months ago by Michael Wills
5.0 out of 5 stars Great Penny Wise
As frugal as I am, indeed this book is worth every penny that I invested in it! Why go to a Black Friday Events out there and fight for parking ? Read more
Published on March 12, 2012 by Pastor
5.0 out of 5 stars A Helpful Guide to Penny Auctions
I was interested in reading this book because I've tried penny auctions resulting in no success, but I know that they can be won if you know what you're doing. Read more
Published on February 9, 2012 by Discovering Liz
5.0 out of 5 stars Wish I had this before blowing 60 bucks on Qbids.
If you are looking to explore the penny auction e-world, you need this book. It gives an interesting and thorough history of penny auction sites while also describing their... Read more
Published on December 3, 2011 by Jim and Cara
5.0 out of 5 stars Read by a website owner - Very Good Explanation
As a website owner I am very interested in anything related to Penny Auctions. The sections regarding bidding plans is great. Read more
Published on November 28, 2011 by Penny Purses
5.0 out of 5 stars Just what ALL new bidders need, to avoid common mistakes
Pennywise is a complete guide to help any new bidder from wasting time & money on their learning curve. Read more
Published on November 11, 2011 by Nicholas Boccio
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