I often see DealDash.com customers write in their bios that they are shopping on this penny-auction site to win a bargain. Many bargain hunters, however, probably have no idea how to improve their chances of actually doing that — especially new shoppers on DealDash.com.
I love DealDash but I have to admit I made a lot of bidding mistakes before I learned how to bid smart. Once we learn how to bid smart that’s when we start to win bargains. Therefore, I decided to write this blog to give DealDash customers some “Bargain Hunter Guidelines.”
Guideline No. 1
Never compete with power players. Not all DealDash shoppers are here to “win a bargain.” There’s a difference between “winning” and “winning a bargain.” Some players want to “win” but they do not care if they “win a bargain.” They will bid and keep on bidding until they “win” even if they end up paying three times more than what it would cost to BIN (Buy It Now). I’m sure DealDash loves those players, but if we are here to “win a bargain” the best thing we can do is to stay away from those players.
How do we do that? I wrote other blogs discussing how to quickly identify wealthy power players with an endless supply of bids. In this blog, however, I will explain how to find the right auctions where you can “win a bargain.”
Guideline No. 2
Never bid in losing auctions. Now what do I mean by that? Some auctions seldom, if ever, sell at a bargain price. Let me give you an example: I just looked at a 64GB Fourth Generation IPad that has a BIN of $619.00. Only two previous “winners” are listed. They paid a total cost, counting bids, of $2,831.98 and $818.68. Both of the previous “winners” paid a lot more than the BIN. Therefore, it might not be a good idea to bid in this auction if we are “looking for a bargain.”
Before we start bidding in an auction, we should open the auction and look at the list of the previous winners. Keep in mind that just because they “won” does not mean they “won a bargain.” First, look to see how much it would cost to BIN (Buy it now). Then look at the selling cost each winner paid, including how many bids they used and what the total cost was to the winners.
If the winners paid more than what it costs to BIN, then did the winner really win? No. They “won” the auction but they did not “win a bargain.” I saw some auctions where none of the previous winners won a bargain, and those are the auctions we need to stay away from. If none of the previous winners “won a bargain” what makes us think we will?
Guideline No. 3
Always bid in winning auctions. Now what do I mean by that? Some auctions always sell at a bargain price.
Let me give you an example: A pair of beige ankle boots, size 6, has a BIN of $310.00. I just looked at all 33 previous winners and all 33 won those boots at a bargain price that was well below the $310.00. Therefore, if we bid in that auction, the math says that we will win a bargain, too.
Winning bargains while shopping on DealDash is similar to shopping discount sales in department stores. We can all win a bargain on DealDash if we only bid in the auctions where all previous winners have already won a bargain. Those are the auctions we want to bid in, too.
This sponsored blog post was submitted by: Barbara L. Sellers. Barbara was compensated by DealDash for this blog post. Blog posts are written by real DealDash customers. The opinions and advice here represent our customers’ views and not those of the company.