A Simple Exercise To Find The Perfect Auction

exercisesNow that you know that Auctions are FREE this week on DealDash and bids are as cheap as 70% off, now would be a good time to find out how to find the perfect auction to bid on, right?

Well now you can! Here’s a simple exercise to find a perfect auction to bid on and hopefully – WIN! :)

1. Make a List

Start out by looking at all of the auctions that are currently active on DealDash – narrow them down to just the items that you actually really need or would go out to the store and buy. Make a list. DealDash really does have items for everyone!

Looking for new items to spruce up your home?

Need a new lamp? There’s one from Safavieh (known for rugs + furniture) right now. Is it chilly in your house and you wished you had a fireplace? Check out the electric fireplace insert. Are you a gamer? Check out some of the Xbox and Playstation games up for bid. Make a list of everything you actually want. This will save you from randomly bidding on a lot of items you don’t care about, causing you to waste bids.

So here’s what you should do. Think to yourself..what do I need? Say your blender just broke or you’ve been wanting to get one. Does DealDash offer those? Check. There’s the Ninja Kitchen System Blender up for auction today.

So there’s already three items that you really would like to win today….

-A new lamp

-A new Ninja blender

-The new Xbox game Angry Birds Star Wars for Xbox.

2. Narrow down your list…Pick 1 item. 
ninja blender auction

While BidBuddy makes it easier to bid on 3 items at once (since these items are all ending right now), it’s not always a good idea to bid on all 3 at once… You could very easily 1.) forget how many bids you have left on BidBuddy if you’re not closely watching… 2.) freeze up your computer when you are rapidly switching browser windows and 3.) end up spending way more money and not winning anything.

So let’s pick the #1 item that you really want to win… Say it’s the new Ninja blender – it’s the most useful of the 3 items and you really want to start making smoothies each morning (ya know, your New Years Resolution to get healthy, right?). So pick the blender.

3. Now that you’ve picked the item you want to go for it’s time to WATCH!

1- Wait – Watch the auction and see how many bidders are bidding and who is consistently placing bids. Wait and start bidding when you see a good opportunity. When less bidders are bidding or less of the same bidders, start.

2- Act – but act fast, since auctions on DealDash are “No Jumper” auctions, be sure you start bidding before it’s too late and the item is locked out. In the case of the Ninja blender it’s $5.00 (500 bids by all bidders will bring the max of 5.00 and determine the cut off point.) So bid early and bid often.

3- Time – watch the time now and time when you should start bidding. Set your timing strategy. You can either be the bidder to always bid at say 3 seconds… this will cause other bidders to take notice that you’re consistent, and always bidding at 3 seconds. Some bidders could see this and stop bidding.

4- Check – check out who is bidding on the blender. How many items have they won recently? See if they seem to be a “go all in bidder” or just throw a few bids in here and there hoping to win. It’s good to study the ended items to get a feel for who your competition is.

5= Hop in and start bidding!

See why it’s so important to narrow your focus if you want to win?
Didn’t win? Opt to buy the blender at the Buy it now price of $182 and get all the bids you spent back to use them to try and win another item. Just remember to make a list and keep your eye on the prize. Until next time, happy bidding and good luck! 😉

Join DealDash.com and start winning!

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3 Responses

  1. Joe S. says:

    Where within the DealDash website can I source the average winning bid dollar amount for an example, Ninja Kitchen System Blender?

    Thanks,
    Joe S. (jnstew)

  1. January 13, 2014

    […] may also like A Simple Exercise To Find The Perfect Auction and discover how to really watch […]

  2. January 30, 2014

    […] Finally, read other articles about bidding tips and strategies. You may find many of the same times overlap and are repeated over and over – this is for a reason. One article you may like is on the site DealDashTips.com called A Simple Exercise To Find The Perfect Auction […]

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