I can not stress enough how important is is to know the other bidders. When you are a newbie at DealDash it is very tempting to just jump in and start bidding frantically, after all you are going to win, and that’s a blast! But, the most beneficial thing you can do is spend some time, and I mean quite a bit of time, getting to know the tendencies of other winners.
Start by watching the winners list, this is a sure way to see who is winning. You can often see a pattern in the names. A lot of people bid every day, and they win a lot. They are the ones to watch. They are not apprehensive with bidding, it’s all calculated. They usually come and go in auctions, and then there are the ones who are steadfast and true. Keep track of the names you see often and, at first, avoid them.
The best way to see who is who in an auction is to watch it. For example, choose an item you wish to win. Keep in mind the higher the value, the more players there will be. Watch this item through a few auctions. Yes, it means being patient, it will take days, but you want to win. The best thing about bidding is winning, so take the time to think like a true winner.
There are several other factors to take into consideration, first, is this item a “1”; If there is a one in the upper left had corner, you may only win this item once, that is actually good news. If you’re watching the auction, you will see that there is a list of all previous winners, and what they paid for an item. The good news is two-fold, 1. “That guy” already won it and can’t be involved in this auction, that eliminates them. 2. You can see what the item has sold for in the past and can figure an average selling price. (Tip; If you log out you can get the average price calculated for you on the sign up page, but you must be logged out for that.)
The next most valuable advice I can offer is to find an item you want to win, if the price gets near retail, watch it. This will allow you to see who is possibly overbidding, who is likely to always overbid, stay away from them in the end. For example, let’s say the average selling price is $200, now this auction is at $250, most likely, the people left in that auction are constant over bidders, some people just do it. It’s not a good strategy, but some bidders don’t care.
In any of these events, it ‘s always good to know the competition. Nothing is sure in chance, but if you follow these simple guidelines, you could be more successful than not. Keep an eye on your competition, watch and learn. Enjoy the hunt & choose your items wisely. Now that you know about the importance of monitoring other bidders, you’ll have a better chance of winning a great deal on DealDash.com!
Happy Bidding!
Donna, DealDash customer since 2014.
Useful tips on how to win auctions