9 Questions To Ask Before Bidding

I recently won a 2000 bid back. Shortly thereafter I won a 800 bid pack and right after that a Dual Zone Thermal Electric Wine Cooler. Wow! The Wine cooler I won for .53 cents! How does that happen? Here are 9 questions I learned to ask before bidding.

So here it was on Friday and I had already won 3 items over $200 and I had nearly reached my 6 win limit for items valued under $200. Over the weekend I ended up winning a frozen castle for my friend’s daughter birthday gift, which was really cool. My reset day was on Monday and I could hardly wait!!!

Monday came and I learned a very valuable lesson!

I discovered something happens when you win large bid packs. For a moment I felt like I could bid on anything and everything, and I did! My thought was, well I have over 2000 bids I’m sure to win something!! And really I won the bid pack for a decent price so I’m really not out anything if I don’t win.

My lesson to myself

Just because you may have a lot of bids (2000 is a lot for me) you should really pay attention to what and how many bids you are using. I was placing bids in bid buddy on so many random items I wasn’t able to keep up with it! I found myself bidding on bid packs to make up for the bids I lost. Spending way to many bids and just being plain out frivolous with them! On Friday I was on top of the world, seemed like I could win anything! What is happening now? This is what I learned.

• DON’T place bids frivolously on many items at once, as it will use up your bids quickly.
• DO have a focus on one or two items you really want.

Don’t get me wrong, I won a few items that were great but the amount of bids I used in many other auctions (things I didn’t need or want) was crazy! I surprised myself how I went through so many bids without paying attention.

Here are 9 questions I learned to ask before bidding.

So what I learned is regardless of how many bids you have you still need to do your research. These are the questions to ask yourself before you enter you bids into bid buddy.

1. Do I want the item?
2. How many bidders are there?
3. Who is bidding? Learn screen names and avoid the bidders who tend to go all the way to BIN.
4. Check the winners list. I also check the recent 2000 and 5000 bid pack winners.
5. Once again do I really want the item?
6. Is there another auction coming up soon of the same item? Can I wait?
7. Watch the auction closely.
8. Am I willing to BIN if I cannot win?
9. If it’s a one per user auction how much does the item typically go for?

If I asked myself these 8 questions I believe I would have made better choices in determining what auctions to bid on. I had fun, but I wish I would have done things a little bit different! This is my personal experience and I have done it a few times since. I am hoping that from my experience I could help a new person.

By hunnybee3983