Let’s Be Real: Buy it Now On Bid Packs Is Out
We all would LOVE to win Bid Packs when they come up for auction on DealDash. Realistically, it rarely happens, at least for me.
When we spend our bids trying to win, we love to use the Buy it Now (BIN) and have all those spent bids returned to us. But Lets Be Real [DealDash Tip] – It is cheaper to buy more bids then to BIN on a Bid Pack. Why? Because the BIN price is always the normal cost of the bids, which is $0.60 per bid, not the “sale” prices we have become accustom to {and prefer}.
DealDash Tip: Buy Bids on sale instead of using the Buy it Now option on Bid Packs. You’ll likely be saving yourself some money.
Auction example of why it isn’t cost efficient to us the BIN on Bid Packs.
At the price of $0.17 per bid, you could purchase a bid package of 200 bids for $34.00. I was fortunate to win a couple of Bid Packages, one being to 2000 bid pack for $0.01 {winning bid was $8.00 on a free auction week} having used 238 bids to win it. Because every bid is precious to me, I am stingy when I bid on Bid Packs. I prefer to get in, watch and see how people bid, then decide if I want to have a run at it. It is great to see those fireworks pop up telling you “Congratulations You Won”, we all love when that happens. Just be careful not to get caught up in winning the auction and spend 250 bids to win a 200 bid auction. [DealDash Strategy] Know when to get out and decide how many bids you are willing to invest before the auction starts and stick to it.
DealDash Strategy: Calculate in advance the number of bids to use in an auction and Buy it Now if you don’t win with that amount of bids.
