There is one thing for sure, bidding at DealDash is so much fun and there are so many prizes to win. But when you are bidding, it’s not a bad idea to think about the weight of the bids.
You can win a toaster with about 25 bids, or you can win a $2500 piece of art with the same 25 bids. It takes time and patience to win a big ticket item with 25 bids, but it’s possible and happens often. You should not go into an auction after being here for one day and expect to win a big art prize right away because it takes some knowledge, along with a bunch of luck.
Here are a few important things to remember when you are bidding on high ticket items and you’re trying to win it with only a few bids. First, and this is the most important, if you don’t win it in 25 bids, like you planned, you need to back out. That’s the plan, you want to win with 25 bids, right?
There is always another prize exactly like this one or one that is very similar in value and quality right around the corner, so don’t waste any more bids trying to win an item you may never win. Be warned, you can go through a dozen auctions losing every one with just 25 bids, or you might be the one who one the $3000 prize with a few bids. It is a strategy and it’s played everyday by many.
You can go for a toaster and possibly win, but what if you went for the art and won that? You spent the same amount of bids and won a much larger prize. This type of bidding is not for the faint of heart, you MUST be prepared to lose bids and not “win them all” but the rewards are much greater when you do. It’s all about the odds.
This is a game that many “old timers” and “seasoned pros” use, but again, they will be more willing to stay in an auction until every bid of a BIN is used. These are the hard core shoppers who plan on winning for the retail value. But this article is about winning with nothing.
You have to be willing to back out if you want to win with a few bids, you need to grow that thick upper skin and say good bye, it’s not as easy as you might think. The second most important thing about this type of bidding is to know the other players, if you don’t you may be involved in an auction where this player is just not going to back out….ever.
The third thing I can share about “bidding on the 25” is you may not get these bids back. If you are in 10 auctions and have 25 in each , you will run out of bids quickly. Shop ahead of time, know what you’re going for and stick to the plan! That is an important piece of the puzzle.
So, if you want to win your item with 25 bids, 1. don’t bid over 25 bids in an auction, 2. Don’t overbid on an item when there is another one right around the corner. hint: the second one will most likely go for less that the first, a phenomenon I’ve noticed. 3. Go for a toaster or a high value piece of art, but know the competition so you make an educated decision. 4. Be willing to lose the bids, this is about fun, competition and winning for a few pennies. You might….or you might not. But I can say that I have won nearly 600 auctions, I have been there, done that, and I drew the map. I’ve learned how to walk away and that takes guts.
In just the past 30 days, I’ve won 23 auctions with less than 30 bids.
Good Luck and Happy Bidding!!!