Surprisingly Simple Calculation To Help You Determine How Many Bids To Use Before Stopping
I have had a lot of experience with DealDash. I have learned a lot about winning and it does have a lot to do with patience as Terry B. explains in his article Patience ❤︎ Patience ❤︎ Patience.
Using the BidBuddy and having lots of patience are very important in winning. I also like to put a few bid on lots of different auctions because sometimes auctions will come around where you just get really blessed and the auction will end early and fast! Sometimes by just placing 3 or 4 bids would land me an easy win.
Before you ever start bidding, I suggest to look at the winners page and find out the names of the bidders that bid a lot of bids. Plus studying the winners page can give you an idea on what type of items sell at lower prices and what items will likely require you to bid a long time to win. If you want to be sure to not lose money, only bid on items you can afford to do the buy now on if you don’t win. That way you get the item in the end and all your used bids back. Dividing the cost of the item by approximately 15 cents per bid will give you an idea when it’s a good time to stop bidding and do the buy now.
How many bids should I use before stopping and using the Buy it Now to get bids back? Let’s take a look at an example of a $50.00 item and dividing the cost of the item by $0.15 per bid.
In this example, stopping around 333 bids is a good idea because otherwise you’re likely going to overpay for your gift card. Remember you also have to pay the final sales price of the item so it’s good to calculate that cost as well.
DealDash can be a great place to get great deals, if you are smart about your bidding. Get in at the beginning of the auction and see who all is in the auction with you. Once you know who the big bidders are, you will get an idea of how high the auction price will go. Most important is be considerate not to do what is called stomping on others bid time, or the other bidders can get mad at you and bid more than normal just because they wont want you to win. Remember everyone gets credit while they are high bidder that goes towards earning free bid rewards. So bidding right after another bidder can cause some hard feelings. The only time I bid quickly is when I am wanting to get the price to the $5 cutoff period / No Jumper Limit to prevent other bidders from joining. Hopefully other bidders understand me bidding quickly then. Sometimes I mention it in my profile comments so other bidders know that I plan to quit bid stomping once it gets to $5.00.
From DealDash’s Biggest Fan: BigDaddy33
