Strategies to Successful Auction Bidding

August 22, 2014 DealDash Reviews

There are many different strategies on how to bid and win auctions. Some bidders only use one bidding strategy while others are more calculated, analytical and diverse using numerous strategies.

The more you bid yourself and observe the auctions, the better you’ll be able to spot the different bidding strategies from particular bidders. For example, some bidders may try many different strategies or change their strategies depending on what type of auctions is going. Some bidders unfortunately just bid an excessive amount until they win, which in that case they won the auction but didn’t really win because they probably spent too much after factoring in the cost of bids and amount paid. I don’t think there is any preferred bidding strategy except to use the Buy it Now to get your bids back in case you don’t win the auction. This is a good bidding strategy because it allows you to continue playing without always needing to buy more bids.

The auctions can be really unpredictable which is part of the fun and excitement of bidding so you may have to test different bidding strategies yourself to see what works best for you. Here’s an article from Forbes called Five Steps to a Strategic Plan – perhaps this could be useful in helping you develop your DealDash bidding strategy.

If you stay with DealDash long enough the only method that most bidders will agree is totally wrong is the “late bidding” method. It is rude. I have been a victim of this myself and have to own up to the fact that I stayed in longer, well past BIN, to make sure that they did not get the auction win cheap. I then quickly left the auction, went to BIN and that “winner” paid more than I did. There is a point of no return in the auction when it is better to simply Buy it Now and get your bids back so it’s important to be able to recognize this.

Playing with integrity always surpasses rudeness. I apologize to anyone that I may have affected in a rude manner, it was not my intent. If we all play fairly using whatever strategies we choose sometimes we win and sometimes we don’t. If you see someone had invested a lot of bids, do the right thing and get in on the next auction. This is why Deal Dash puts up numerous auctions of the same item over and over again. Everyone can eventually get the item they wanted and at a good price.

What’s some of your DealDash bidding strategies?

Happy Bidding.

By Donna Smith