Who is ruling the hen house right now in the world of penny auctions? Rumor has it that Quibids, although in the beginning they never identified themselves as a penny auction, crows the loudest. According to Alexa, a site used to track traffic and identify a sites rank and statistics online, Quibids results are impressive and seem to keep growing at a constant and steady rate. No other penny auction site has even come close to the amount of stats Quibids pulls on a daily basis. Good for Quibids, but bad for penny auction bidders – the more traffic, the more competition. Quibids has tried to counteract this by separating bidders as new, experienced, etc. and the more you win, the harder your competition gets. Whatever they are doing to keep the traffic coming it’s working, Quibids has survived a market where businesses like theirs come and go on a daily basis!
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