Bad Bidding Habit

Have you been using a bad bidding habit on DealDash.com?

Let us take a look at an example of a bad bidding habit.

Have you noticed that all bidders who do not place at least one bid before the auction reaches $5 (or $3 if it’s a special feature) will get locked out from bidding in the auction? Therefore, what do most shoppers do? They place only one bid near the beginning of every auction to ensure they will not get locked out. What’s wrong with that? What is so bad about that shopping habit is that shoppers who do that are all stuck in “group think” instead of thinking outside of the box.

Shoppers who think outside of the box know that the smart thing to do is to place more than one bid at the beginning of every auction. If we place more than one bid when everyone else is placing only one bid, then we might slip through the cracks and win the auction when it unexpectedly closes early. By placing 11 to 21 bids near the beginning of every auction sometimes makes the difference between winning and losing. I have seen it happen a lot.

Nearly every auction — even high-dollar auctions — eventually closes early and we all know “the early bird gets the worm.” When that happens, the one-bid shoppers will not be there to win, but shoppers who are smart enough to place more than one bid early in the game will most likely to be in the right auction at the right time. That winner could be you.

This sponsored blog post was submitted by: Barbara L. Sellers. Barbara was compensated by DealDash for this blog post. Blog posts are written by real DealDash customers. The opinions and advice here represent our customers’ views and not those of the company.

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