1. How To Bid-PDF
How to bid at auction is key to becoming the winning bidder. I suppose one
of the easiest ways to think about how to bid is to just set your limit and keep
swinging until you've reached your limit. That certainly satisfies one key
element in how to bid. However, there are other opponents in the bidding
process that may implement a few additional strategies that could consistently
knock you out of the running, each and every time. In a live auction, you not
only have competitor bidders, you also have the auctioneer with their strategies,
experience and agenda. The one single advantage the auctioneer has, where
there are ample competitive bidders, is that someone is likely just to get caught
up in the excitement When this happens, one of the bidders is now focused on
being the winning bidder and ends up paying too much. At this point any
strategy on how to bid just went out the window. You do need to recognize
when you are in one of these bidding wars. Typically this bidder will eventually
just start raising any bid without pause.
I will cover these types of auctions in another article. Right now I'd like to
focus on a recent phenomenon that is growing exponentially. The Penny
Auction. Being an auctioneer, this new hybrid has fascinated me. Here is a site
that you can view, if you aren’t up on Penny Auctions: http://bit.ly/ygbVQd
This new hybrid, in my mind, is a combination of auction, game and
entertainment. It leaves the participant with several options. The bidder can
just get some stuff for a deeply discounted price and or have some fun and
perhaps profit from re-selling the items that they win. There is even one online
Penny Auction you can share in their daily profits
http://www.CashFreedomPDQ.com by placing one simple free classified ad for
them. It is brilliant. Without a detailed explanation, it is a brilliant way to cost
effectively advertise and go viral!
How to bid on these types of auctions gets a bit trickier. You must have an
arsenal of bids in your account to bid. You can purchase the bids or cruise the
free ad sites to accumulate some free bids. Here is one such method of obtaining
free bids: http://bit.ly/xlWGTa Once you have purchased or acquired bids for
free, you are ready to jump in and become the winning bidder at what will hope
2. to be, a giant discounted value on brand new merchandise. How to bid at Penny
Auction is largely based on how many bids you have and timing. The clock is
also your competitor. I suggest focusing on items that you really would like to
own. That way the bidder that is out there just throwing bids for bargains will
likely be eliminated by someone who really wants the item. Next focus on off
days when items will be expiring. Usually weekends are good days to win at
online auction. Contrary to what you might believe. People who have their
weekends to themselves are usually focused on other activities. Avoid Mondays
and Thursdays, these are some of the heaviest traffic days online. Very early
mornings and mid afternoons are good times as well.
Always keep tract of your arsenal (bids) and portion them in order of
importance of which items are most important to you. One last tip on Penny
Auction, when you see a flurry of last minute bids by several different bidders,
you might want to bow out and revert to one of your alternative items. If you
just want to profit without the time necessary to win items and resell them, you
might consider the alternative of just sharing in the profits of the entire auction.
http://www.CashFreedomPDQ.com
Happy bidding and good luck!
