What We Know, What We Do Not Know

Part of the fun and challenge of shopping on DealDash.com is comparing what we know with what we do not know. Keeping those two things in mind could make a difference between winning or losing.

First, let’s take a look at what we do know when shopping on DealDash.

What we know

Whenever we shop on DealDash some of  the things we know are:

  • Description of the auction product; 
  • Customer reviews of the auction product;
  • The BIN (Buy It Now) price of t he product;
  • The selling prices of the auction product over the last 30 days; 
  • The number of bids previous winners used to win;
  • How many competitors are participating in the current auction;
  • Screen names of our competitors;
  • The state or Canadian province where our competitors reside;
  • Experience level of our competitors (The date they first started shopping on DealDash)
  • How many other auctions our competitors have recently won.

It’s important to read the description of each auction product we are interested in before we start shopping, especially where sizes are involved. We will often learn something that will make us more or less interested. That is also why we should read the customer reviews of the product. They will often say whether items run true to size or too large or too small. 

The BIN price of the product lets us know if the auction is something we can afford to buy if we do not win it, and take advantage of being able to get all of our bids back to use to win another auction. 

By looking at the selling price of the same auction product over the last 30 days, and the number of bids previous winners used, we will have a pretty good idea how many bids we will need to place have the best opportunity to win. 

Another thing I always look at is the number of other shoppers who are competing in the same auction. All we  have to do is count them. I try to avoid shopping in any auction with more than 30 shoppers who join the auction before the “No New Bidders” banner goes up when the auction reaches the usual $5 mark. Sometimes I might compete with even more competitors if the majority of the other shoppers are Newbies or if no screen names of power bidders show up.

You might wonder why I think it’s important to note the particular state or Canadian province where other competitors reside. Some states are well known for  having more wealthy people than others. That could also mean some states have more high-power bidders with an endless supply of bids. A few states are also more likely to have more shoppers with a tough-minded, never stop, attitude. Therefore, we might note where some of  our strongest competitors reside because that can make a winning difference, too.

Another way we can take an educated-guess on the experience level of our competitors is by looking at the date they first started shopping on DealDash. Every time someone places a bid, we can see the date they joined included in their bio information. If someone just started shopping last month or yesterday they might be easier to beat over someone who has been shopping on the site for 10 years. 

What we do not know

Of course, we never know how many bids other shoppers  have placed in their quest to win the auction. However, that’s about the only thing we do not know about the auction products we want to win. 

Looking at all the things we know versus what we do not know, it appears we know a lot more about the products we are shopping for than what we do not know.

The bottom line

If we consistently and wisely know how to best use the information we do know when shopping on DealDash we will definitely enjoy winning more often.

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This sponsored blog post was submitted by: Barbara L. Sellers. Barbara was compensated byDealDash 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.