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RockyBid - Penny Auctions with a Twist

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By nicomp


RockyBid is a penny auction with a twist. You might be surprised by what's happening here.

Millions of seconds ago our forefathers gassed up the F150 and drove off in search of auctions. They scoured country roads looking for deals. Today we click our mice at sites like RockyBid.com. RockyBid is another entry in the online Penny Auction niche. Like BidCactus andd Swoopo, bidding on RockyBid costs next to nothing, but do you get what you pay for? Let's find out together.

On our first visit, RockyBid offered 102 items for bidding. All the items were new and selected by the site managers; don't bother to try emptying your basement here. RockyBid doesn't offer any mechanism for selling your used Yugo.

The RockyBid.com Home Page

RockyBid offers a wide range of items after which to lust. From gold bullion to Slingshot Flying Monkeys (huh?), there's something for every inveterate bidder. Bidding starts at one penny or 15 pennies, depending on the item (what's the difference?). Bidding costs 75 cents and the bid increment locks in at one penny. Your minimum investment is $14.99 for 20 bids. Incredibly, a 750 bid package also exists. It'll set you back $500.

Registration is free and includes 2 free bids. When's the last time eBay gave you something free?

RockyBid creates customer loyalty through a points reward system. Earn points by bidding on auctions, then redeem them at the company store for gift cards from major companies. Even losers win something. Quoting the RockyBid site: "if you lose one auction, don't worry, you can use the value of the bids to pay the price of a future winning auction within 30 days." We're not sure what that means, but it sounds friendly.

Gold Bullion for auction at RockyBid.com
Gold Bullion for auction at RockyBid.com
Slingshot Flying Monkey for auction at RockyBid.com
Slingshot Flying Monkey for auction at RockyBid.com

Auctions last for a few hours to as long as several days. We noted a Motorola Sidekick, retail price $250, with over 2 days remaining. At that time the item had been bid up to 2 cents. Obviously that's a fantastic price for a Motorola Sidekick. You could sell it on eBay for much more even if you decide not to keep it.

A RockyBid auction for a Motorola cell phone.
A RockyBid auction for a Motorola cell phone.

Auction History

RockyBid lists over 800 items in their auction history. You can navigate through the entire list, but a search feature would be nice. We observed a $900 LCD television that sold for $29.60. Assuming 75 cents per 1 penny bid increment, RockyBid raked in $2220 over the life of the auction. Perhaps we are in the wrong business.

Everyone has a right to make a profit. The information is all there on the site; cheers for RobkyBid if they are able to create a niche that becomes this profitable.

Questions are Begged

Who chose the name "RockyBid"? Hopefully your bidding experience won't be rocky. The company logo includes rugged mountains; perhaps the company servers reside in Denver.

Why do some auctions start at one penny and others at 15 pennies? Perhaps an NSA-funded study revealed a psychological price-point at 15 cents? We are stumped.

RockyBid.com lists over 800 items in their auction history
RockyBid.com lists over 800 items in their auction history

Conclusion

RockyBid.com looks like fun. Collect your 2 free bids and take a chance.

My Favorite Penny Auction is

  • RockyBid.com
  • BidCactus.com
  • GoBid.com
  • Other
  • I haven't looked at any of them.
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Comments

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coolbidder  says:
5 months ago

nice writeup

nicomp profile image

nicomp  says:
5 months ago

Thanks!

Hannah  says:
5 months ago

Very interesting. Nice research.

nicomp profile image

nicomp  says:
5 months ago

Thanks!

Danny  says:
5 months ago

Hy, also a cheap website are www.luckyprice.net. They have few users soo with a packege of 100-200 credits u cand win a lot of auction.

nicomp profile image

nicomp  says:
5 months ago

@Danny: It's in lei, not dollars.

Penny Auction  says:
2 months ago

All of these sites are easy to win on until they get super popular and then they get a little more difficult. Do you plan on doing a write up on some of the different style bidding sites? (e.g., reverse penny auction, the show price style, etc)

Harish  says:
5 weeks ago

Has anyone heard of "Automatic Bidding" ?

How to increase the chances of winning ? How to minimize the cost of bids per win ? Am sure everyone would have thought about this sometime during bidding.

Here we have developed a tool to take care of this. This tool has the following features:

Can place bids at the last second of the auction (time is configurable)

Can place bids even when you are away from your computer

Can place bids based on limits you set (above $xxx, upto $yyy, upto zzz number of bids, etc)

This automatic bidding tool is currently available for the following sites:

Swoopo

BidTick

RockyBid

Zoozle

It under development for the following sites:

BidCactus

BidTic

BidPax

We can develop the same for any other sites of your choice. For more details, you can contact me : harishys gmail com

J.B.DUDLEY profile image

J.B.DUDLEY  says:
3 weeks ago

Interesting.... I will have to check out the differences between it and my reverse aution www.PriceGoesDown.com

It's always good to know what your competition is doing!

Judith

nicomp profile image

nicomp  says:
3 weeks ago

@J.B.DUDLEY: Thanks!

confused  says:
2 weeks ago

so is this better than sites like bidray.com, dibzees.com, auctionsquirrel.com, rockybid.com?

Henry A.  says:
5 days ago

I think www.rockybidreview.com has been fantastic in putting forth the updates oof Rockybid.com

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