You simply do not understand the fine art of bid that is sneaky, otherwise known as well-informed bid. Sports teams analyze their opponents, and political nominees scout out what the opposition is doing. Command in opposition is an enterprise that is just as serious. What you really need is a powerful bid strategy to allow you to win more auctions and outsmart the opposition.
Here’s why: Many eBay members often round off their bids to the closest dollar amount. Some select pleasant, recognizable coin increments like 50, 25, or 75 cents. But the successful bidders have found that adding three cents or two to your bid that was regular can mean the difference between losing and winning. For the very first time your two cents could possibly pay off!
That is one of many strategies without paying a lot more than you should to get you ahead of the remaining offering pack. Additionally, get auctions that are several before you throw yourself into the midst of a bidding war.
Dutch auctions (auctions where the seller has multiple things for sale) are amazing. In the end, each winner pays the same sum for the thing, and Dutch auctions do not have a super-secret reserve cost.
But winning a Dutch auction is not all that distinct from winning other auctions. Your very best strategy would be to wait until the closing minutes of the auction then follow some crucial bits of guidance for optimum success and to offer.
Here are the essential things
All those items must be sold by the seller at the lowest winning cost at the close of the auction, regardless of what.
Winners are derived from the greatest bids. You could win the auction and just pay the lowest winning cost, that might be lower, if you up the ante.
Confused? Say the minimum bid ten Elvis watches for each is 20 and $10 individuals bid at $10, each individual bidding. The watch is won by the first ten bidders. But imagine you come along at the close of the auction and offer $15 as the 21st bidder. Get it?
The highest bidder will win, so the normal command strategy would be to knock out the lowest bidder that is high. The lowest high bidder can be said to be on the brink of losing the auction by a few cents and on the bubble. To prevent being the bidder keep your bid only above the second- lowest.
If you would like to purchase several of an item up for auction, be sure to have that amount of high bids that are successful as the auction draws to a close. Huh? Recall, winners are derived from the greatest bids. In the event you ‘re in a Dutch auction for ten things and put five $15 bids, nothing ensures you will win five of the thing. Nine other people that need the thing could offer. Then they win among the things at 15 dollars, and you get just among the thing. (At least you still pay just $15 for it.)
Most bid goes on during early evening hours and East Coast work time, which provides you with a leg up if you live out West. Holidays are also excellent for deals — particularly Thanksgiving. While many people are in the living room arguing about what to see on TV, fire and be grateful for the fantastic deals and digesting it is possible to win.