Gone are the days when people joined a bidding website and won items with ease and without much competition. With the rising popularity and affordability of these online auctions, a swarm of buyers are turning towards auction websites to get items cheap and with convenience.
Winning an item from an online auction is not a piece of cake and you must know some basic modern strategies if you wish to be the winner. Here they are:
· Bid where the competition is less
If you see a high end item with extreme competition and a number of bidders already bidding on it quite fiercely, smartness would be to leave it alone and check out another auction website offering the same commodity with lesser competitors to beat.
· Place several bids for one item
If you’re dying to buy an item, then place several bids on it to increase your chances of winning. The more the frequency of your bids, the more likely it is for you to win that item.
· Be efficient while bidding
One modern online bidding technique is to bid just a little higher than the stated bidding limit. For instance, if the item’s bidding limit is $25 and you place a bid of $25.02, there is a very good chance that you’ll win the bid because no one else might be exceeding the stated price limit.
· Watch out for the closing time
Just when the bidding time is about to finish, take the opportunity and place your bid. Most intelligent bidders don’t waste their bids early on and simply wait for the closing time for placing bids.
· Don’t over-cross!
Always remember “don’t EVER try to exceed your bidding limit”. If you think an item is profitable only if you can purchase it for $50, don’t involve in a bidding war and end up paying $100 for it. Online bidding can be misleading if you don’t be careful or you may end up spending extra bucks.
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