We all love the idea of getting something at a really…good…price. Beezid is a penny auction site that makes it possible to purchase items at ridiculous discounts. I’m talking 70, 80, 90 percent off. 

The way it works is that you register, then start bidding. You’ll get 3 free bids for signing up and you’ll get a bonus code for other great offers in the process. To redeem the bonus code enter it onto the registration page. To successfully win an item you’ll most likely need to buy more bids. Don’t want to run out as the auction clock ticks down!

Bids start at 30 for $27 ($.90 each) and go down to 200 for $120 ($.60 each). You can pay by credit card or paypal.

The site also has a strategy page to help you win auctions. You can automatically bid while you are, say meeting with your boss, by giving the site permission to bid a certain number of times or up to a certain dollar amount. That feature is called Auto Beezid.

For penny auctions, each bid raises the price by a penny. And each bid increases the time left in the auction. So it’s a bit of a game – but one that is fun to play. Check out their live auctions online to see what electronics, cars, and home goods are selling.

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