Strategies for Auctions: Plan to Win

Most shoppers who frequently get awesome bargains on do not just place their bids willy-nilly, but they have a plan of action. If we take some time to simply watch the most successful players, we can learn a lot from them.

Early Bird Gets the Deal

You probably have heard, “The early bird get the worm.” In this case, however, the early bidder gets the deal.

Early bidders are DealDash customers who only place bids at the beginning of each auction. That’s a pretty good plan for a couple of reasons.

First, sooner or later, most auctions will close early. If an auction does close early, that means the players who only place bids at the beginning of an auction will always be sure to get the product for a bargain price. By using only a few bids near the beginning of each auction, these shoppers will also be able to stretch their bids and get a lot of bang for only a few bucks. The only real downfall to this early bidding plan is that these players can only win if and when the auctions close early.

Check Featured Wins

If we check the featured wins on DealDash, we can see which auction items are selling for the least amount of money. If we plan to be successful, those auctions would be a good place to focus our attention.

Whenever I’m serious about winning an auction, I always look at the number of bids previous winners placed to win the auction. That could range from 1 bid (if it closed early) to 800 bids (if it closed late). The thing I look for are the most common averages. I ask myself, “How many bids did it take for most of the previous winners?”

For example, I looked at a luxury blue King/Cal King diamond blanket with a Buy It Now price of $199. Out of 17 previous winners listed, 13 of them placed 500 or fewer bids. Therefore, I know if I placed 500 bids on that auction item, I would have a high probability of winning it.

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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.