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Getting a cheap iPhone isn't an easy task. There are a few ways you could try - carriers like Verizon or AT&T usually give some discounts on the handset but they remain several hundreds of dollars. Refurbished iPhones are not really the best option for most. The iPhone does have too many cool features to ignore and therefore everyone wants to have one. Now there is a simple answer to running a cheap iPhone that is not refurbished and totally new: penny auctions.

Penny auctions provide a great way to obtain cheap iPhones, iPads and other electronics. Apple products seem to be extremely popular with these sites, so you should find them fairly easily. Penny auctions can give you cheap iPhones with over 90% discount. This sounds suspicious, just how do they work?

Penny auctions work on a bidding fee model: you have to pay for every bid that you place and every bid will increase the price by only one cent (thus the name). For the auctioneer, it is possible to break even because there can be a large number of bids placed for such high-end electronics. The downside is that there surely is only one winner. But if you follow an absolute strategy, it is not hard to win cheap iPads and iPhones on these sites.

There are many such auctions on the internet but it is vital to remember that they are not all exactly the same. In the US, Quibids may be the largest one. In UK, it is Swoopoo. These sites have become famous and popular among the internet shoppers. Everyone is searching for the best deals on these things and therefore they are pretty crowded. In order to win, you should instead look at alternate penny auctions.

This can get tricky. The first and most important thing to keep in mind is to steer clear of the scams. Yes, there are several sites that employ shill bidding, bot bidding etc. These will greatly decrease your winning chances and you ought to never bid on these sites. But the huge upside on bidding on new penny auctions is that they can give you some amazing discounts and help you get that inexpensive iPhone you always wanted. The reason is simple - the brand new sites don't possess as many members and therefore have a much less competition compared to the established sites.

While looking for new penny auctions, it is imperative that you find legitimate sites that are new and want to establish themselves. Therefore you should firstly look at reviews to see whether winners obtain items. You then should dig further into the company and the owner themselves. If the site is legitimate, you can find information freely because they have nothing to cover. For example, you can find the name of the founder or CEO online. These businesses desire to take time and establish themselves in the field. You should target such businesses within their blooming stage.

Once you choose the site, you should then establish ways of win your inexpensive iPhone from the site. The easiest way is to bid at the last second of the auction, so that you don't lose your bids. This specific strategy might take a lot of patience but it is surely worth it if you can get a coveted iPhone for 90% discount!

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