Ok, so you get frustrated, red in the face and just downright angry when a bidder comes in “late in the game” and outbids you. These bidders have been coined “bid jumpers” by online auction users, but what if jumpers had it all right and you were just bidding wrong?
Jumping is definitely a form of strategy for some online auction bidders.
In defence of bid jumpers…
1. Bid Jumpers conserve their bids.
Think about this: If you begin bidding as soon as the auction starts and continue to bid for a few hours, just because you got in the first, or one of the first bids does not mean you will win or are entitled to win. Anyone can place a bid at any time. Except: Since DealDash understands that bidders do not like late entry “jumpers” all bidders must place a bid before the item hits $5.00, all new bidders after the $5.00 mark will not be allowed to place a bid.
2. Bid Jumpers pay attention.
Bid jumpers “sit in the weeds,” and pay attention to the auction. They research their opponents, they watch their bidding patterns, and they only place bids when the auction has been running for quite some time, or when they think bid buddies have run out of bids.
3. Bid Jumpers often annoy and confuse other bidders, therefore causing them to win more often.
Think of it this way. If a bidder “jumps” in enough while the same, say two bidders, have been bidding against one other it may confuse one or both of the two causing the new “jumper” bidder to win. Not always, but this is a possibility.
Still don’t like jumpers? Check out DealDash’s No Jumper Auctions.
How do No Jumper auctions work?
“When the price of an auction hits $5.00 (500 bids), all new bidders are blocked from entering the auction. This means less bidders and auctions that are easier to win. This is only on DealDash.com.
What do you think about bid jumpers? Do you jump in later?