Eno Auctions Blog

Username: Trick People Into Letting Your Username Win

Kal — Fri, 08 Jun 2012 15:59:01 +0000

Looking at usernames on Eno Auctions may be a fun little habit of yours while you find auctions to bid on. But have you noticed that some of them are kind of funny, or kind of in-your-face aggressive? There’s a reason for that.

The aggressive ones are probably experienced bidders. Or if they’re not experienced, they’re smart. They know that a good auction username has these functions:

Helps you blend in
Intimidates newbies
Increase your chances of winning

Penny auctions are about psychology, that part is clear. And nowhere is that clearer than in a username.

1. Watch the aggressive usernames to see if they live up to the hype.

Some people create aggressive auction usernames like IWinYouDie or something – but they don’t follow through with action. Watch to see if they are actually power bidders with the time and patience to keep throwing out bids to the last second. If they are, then you know you’ve got competition on your hands – but you might find that, most of the time, they’re not.

2. A misleading username may be tricking you.

These bidders try to intimidate or mislead you before the bidding even starts, with names like BidEnded or with lots of characters and dashes — something that makes it look like the auction is closed. Then there are those who create usernames that seem harmless or nonsensical, like LittleOldLady or something, but they might actually be crazy power bidders who will do anything it takes to win.

And you never know, they might ALL be misleading.

What Are YOU Going To Do About It?

The point is, pick people out of the lineup by looking for those with aggressive or misleading usernames. But to see if they’re actually people to be scared of, just watch their behavior. If you see that they’re only talking big with an aggressive username, you’ve got the upper hand. Just get your bid on and take them out.

And if you think you can come up with a username that can pull a trick slicker than these guys, we’d like to see you try.

Eno Auctions

Penny Auctions: Only Fools Pay Retail

enoauct — Wed, 30 May 2012 14:21:16 +0000

Penny auctions are the fastest way to buy pricey stuff. Most people pay crazy low amounts of cash for items like iPads and iPods.

With penny auctions, you pay for bids to pay a relatively low price for the item. Usually you will pay only about 50 cents per bid, which will add one cent to the bid price.

Currently, these auction sites are booming because people have seen a few videos on YouTube about the guy who bought an iMac for $20. Gift cards are pretty popular because anyone can use them from their home computer or at the store. Sometimes the gift cards are for a certain restaurant or Starbucks or some retail store, and some of them are credit cards that you can spend on anything you like.

Many sites will offer you some free bids when you first sign up. You may be able to get a few free bids, or even sign up for a bonus. Either way you look at it, it’s pretty worth it.

If you are looking for a way to have some fun and try to grab some loot, penny auctions may be for you. To get started, you can sign up for our site and start bidding today!

Eno Auctions

In Memoriam

Kal — Mon, 28 May 2012 13:15:12 +0000

We have a great thank-you in our hearts for those who gave their lives for our country. We don’t need to sprout off a long, elaborate speech about this. We offer a simple thank you, and that is all. Happy Memorial Day to everyone.

Eno Auctions

Winning Penny Auctions

enoauct — Mon, 21 May 2012 13:58:51 +0000

Is there a formula that guarantees you winning a penny auction? Not that we know of, but you can have a big advantage over your competitors. Getting a deal on bid packages is one simple solution. Think about it. Wouldn’t it be nice if you had more bids available than your opponent? You would beat them almost every time, and you’d be winning penny auctions left and right!

This strategy makes it easy to see the reason people can get so addicted to winning penny auctions. They are a ton of fun and you can sometimes win big items like iPhones, PS3s, XBOXes, and more. Also you have to remember that you can wait until the end of an auction and go head to head with other auctioneers for a long time.

Another thing to remember is that penny auctions are very simple to find. There are countless low-competition sites where you can easily win items for next to nothing. Winning penny auctions on these sites actually means you can make some profit! Some of these sites even give you free introductory bids! This means you have the potential to win an item while losing nothing at all.

Winning penny auctions feels great, especially when you save a bunch of money. You feel even better when those items arrive in the mail and you proceed to the store to spend you winnings! This is definitely one of the reasons penny auctions are so popular.

Try browsing through some of the available items on Eno Auctions. Try your hand at winning penny auctions.

Eno Auctions

Gift Card Auctions Are Trending

enoauct — Mon, 14 May 2012 18:14:11 +0000

Gift cards were first available in 1990 and have evolved to become highly sought-after gifts. A gift card is like a credit card supported by an online system. They’re popular because it affords users the freedom to buy what they really like and need.

Gift Card Types

1. Credit card gift card. It can be purchased at a local shopping mall, at supermarkets and retailers, and online. It is set with a pr-paid balance and can be used at any location that accepts major credit cards. Most of these cards are American Express or Visa.

2. Mall gift card. These can be purchased at local shopping malls. They can be used to pay at any store and restaurant inside the mall. Mall gift cards are convenient for anyone who likes to go shopping.

3. Music gift card. Available at Rhapsody, Apple iTunes, or other music vendor. It is a great gift idea for music lovers of any age. It can be used to buy CDs, DVDs, videos, and songs.

4. Online retail gift card. Amazon and Zappos are examples of huge online retailers. There are literally millions more out there. Some online retailers offer free shipping if you use gift cards with them.

5. Restaurant gift card. These are nice presents to give for a family or a date night.

6. Entertainment gift card. These can be used as passes to movie theaters or even concerts.

7. Gas gift card. These work like a prepaid card, wherein you can purchase gas or car accessories. They often offer gas at discounted prices.

Gift card merchants give different kinds of promotions, such as loyalty points, with the use of your gift card. It’s all the more reason to use them. Want the best reason of all? You can win a gift card for pennies at Eno. Try your hand today.

Eno Auctions

Online Auction: Might as Well Play to Win

enoauct — Fri, 04 May 2012 13:29:38 +0000

Looking for a cheap thrill? Then consider bidding in a online auction. Have you ever been to a casino, played the penny slots, then after you left your machine, someone else won a thousand bucks? I have, and it sucks.

This is happening every day at EnoAuctions, an online auction (or penny auction) site. Every day someone wins an auction for as little as two cents! There are other more popular online auction sites, but these sites are overcrowded and the auctions end for much more money. Your chances of winning one of those auctions is slim to none.

So – why don’t you play to win?

How To Start Online Auction Bidding

It is simple just head over to our registration page and buy a bid pack. One you buy your bids, you can get involved by using a simple on-click process to bid on items in increments of one cent.

What you are waiting for? Start bidding now!

Eno Auctions

Dollar Auction Psychology: Bid One More Time or Not?

David — Fri, 27 Apr 2012 15:20:35 +0000

You might think that a “dollar auction” is just a more expensive penny auction, but it isn’t. Well, not exactly.

A Dollar Auction Was a Game

The dollar auction was a parlor game invented by the economist Martin Shubik, working with John Nash, the crazy guy from the movie A Beautiful Mind.

The dollar auction was a standard auction, except bidders paid whether they won or not. The “merchandise” being auctioned off was a dollar bill (hence the name, dollar auction). When the dollar auction was at a nickel or so, the bidders thought they were getting a great deal, so of course they didn’t drop out. Then, as the bid-level approached “par” (what the merchandise was worth — in this case, a dollar), the bidders would start to realize that winning wasn’t going to be such a great deal, but that losing was not a great option either (because, remember, bidders would have to pay whether they won or not). If the bidding stopped at 99¢, the winner only made one cent, but the the loser would lose 98¢!

To Bid One More Time

Once the bidding started, it was always in a bidder’s interest to bid one more time. Shubik wrote later, “Experience with the game has shown that it is possible to ‘sell’ a dollar bill for considerably more than a dollar. A total of payments between three and five dollars is not uncommon.” The dollar auction, at this point, is not driven by math or money at all, but by psychology.

If there’s an auction between Bob and Sam, and the auction is hammered down in Bob’s favor at $5.00, Sam must have just decided to lose $4.99 instead of making one more bid and “winning,” thereby losing only $4.01 (since he would pay $5.01 but get a dollar as the prize).

Why did Sam do that? Why did he walk away? How did the dollar auction change between the point where the bidding was at 50¢ and the point he finally quit?

Well, for one thing, Sam realized he was screwed. He had belatedly grasped the economics of the auction and decided to step off the merry-go-round. Of course, he could have achieved the same effect at less cost by just thinking through the consequences before he started, but he didn’t.

But Sam learned something else, something he could have only learned from participating in the auction: he learned just how stupid and stubborn his opponent Bob was. Bob demonstrated that he was willing to lose any amount of money in order to “win.” Sam was wise enough to realize that fact and flexible enough to act on the realization.

Know your opponent. Know yourself. Dollar auction? Nah. Pennies. Eno.

Eno Auctions

Penny Auctions as Competitive Shopping

contentadmin — Mon, 23 Apr 2012 17:11:40 +0000

Thanks to penny auctions, every online user has an excellent and equal chance to get a cell phone, laptop, gift certificates, home appliances, game consoles, and a bunch of other helpful stuff at unbelievably affordable prices. Based on recent statistics, online penny auctions can help save customers as much as 70 to 90% off the total worth of these goods. It’s a simple reality. However, there are hoaxes and gimmicks — so make certain you subscribe only to the best penny auctions.

Penny auctions can also be regarded as the ‘lowest unique bid’ auction. Penny auctions use the concept of competitive shopping. Penny auctions are basically web-based auctions where trades happen online, merchandise is displayed available at low costs, and bets are created using fixed steps. The emerging champion is somebody that placed the last wager. With every bid, the amount of the internet auction increases. The higher the lots value, the shorter the period that is added upon the auction (usually from five to thirty seconds).

The key behind penny auctions is dependant on interests and time. Penny bets may placed in many ways:

SMS system. You are able to send short numbers through text messages.
Manual mode. People place their bets by visiting the penny auctions site and by clicking buttons to place their bids.
Automatic mode. Many penny auctions sites have auto-bidding systems.

You’ll find that some sites are easier to bid at than others. Shop around, read reviews, watch a few auctions. If you’re ready to dive into penny auctions now, visit Eno Auctions.

Eno Auctions

Eno Auctions Shares The Story Outlining The Invention of The Penny Auction

David — Mon, 26 Mar 2012 16:17:13 +0000

Eno Auctions Presents A Brief History Lesson

Eno Auctions definitely did not invent the penny auction. We just refined it. The real story is as follows.

The concept of a penny auction was first introduced in 1971 by Martin Shubik, the Seymour Professor of Mathematical Institutional Economics at Yale University, under the name of dollar auction. The game is an illustration of a paradox in which the participants are constrained to make in the end an irrational decision based on a sequence of rational decisions; an irrational escalation of commitment.

Rules: Bidding starts at $0.01 and goes up in $0.01 increments. The winner pays the auctioneer whatever the high bid is to get the dollar. The 2nd highest bidder also must pay the amount of his bid without getting something in return. Typically , the auction will start with a few bidders hoping to make profit and end up in two or more bidders stuck in a war of attrition. In most cases the bid will reach $1 and then a problem will become evident for the $0.99 bidder, He can no longer make profit but right now the only rational option is to bid $1.01 which will result in a $0.01 loss compared to $0.99.

Martin’s auction game was transformed in a penny auction site in 2005 by Telebid. It was very controversial in the beginning and was heavily criticized. That led to a business change model adopted by all reputable penny auction sites. Visit us at Eno Auctions today and see if we have any products that get your heart beating faster. We specialize in tech products and gift cards.

Eno Auctions

Fundamentals of Participating in A Penny Auction

David — Fri, 23 Mar 2012 12:40:16 +0000

Fundamentals are Important in A Penny Auction

Fundamentals need to be observed during the learning phase and during the bidding that takes place in a penny auction. Add these tips to your arsenal and it should help you bid on, and win, cool products for pennies on the dollar.

1. Internet Connection

Head over to bandwidthplace.com and do a quick test to see how fast is your internet connection. If your download speed is lower than 256KBps it’s not good, anything over 512KBps and you are ready to GO ! Going Once, Going Twice..SOLD !

2. Register and Pick a Username

Choosing a username is not as easy as it sounds. My user name is Don’tYouDare, you will not believe how many people back off from the auctions just because they’re intimidated by the name. This is what we like to call a sneaky username, however there are 2 types, each chained with a specific winning strategy:

Intimidating: Username is a reflection of your personality and your play style, it will make people think twice before bidding against you. Pick a confident dominant powerful one like “WithoutLimits”, “YOU_WILL_LOSE”, “WontStop”, “Igot5000Bids” etc. Who is in control here ? “YouAlreadyLost” or “pennyboy12″ ?

Sneaky: This is the smart approach. “BID CLOSED”, “ITEM GONE”, “PRIVATE AUCTION”, “ENDED”, “AUCTION DOWN” etc. I

3. Buy Bids

Bids are sold in 50, 100, 150 (you get 100 free so 250) and 500 packages

4. The Perfect Penny Auction

After you got your bids don’t run to the first item you see and start bidding like an elementary school child. You must analyze the board for at least 20-30 minutes ! The key point here is that you must spot the newbies because they are very easy to beat; an experienced penny auction player may have 5000 bids available and you don’t want want to throw your money away on more bids, do you ? Newbies are very easy to spot, they bid on multiple auctions ( aka 10-20 bids on an item and then jump to another) or you see their names on penny auctions that are not yet live. NOTE ! Keep an eye on beginners only penny auctions where only users that have not won something are allowed to bid, a lot of new players bid there.

These tips should help both the novice and the seasoned penny auction veteran. So gather your new found knowledge and come visit Eno Auctions where you can register and begin the exciting pursuit of obtaining top products for pennies on the dollar.

Eno Auctions