When I started bidding over two years ago the one thing I lacked—and subsequently needed most—was confidence. I was a fresh newbie, spending money on bid packs and not fully understanding the bidding scene and all its subtle nuances. Whether you’re a newbie or someone who has been bidding for a while, confidence is key and here’s how to get it.
Learn all you call about how the bidding process works. Read the customer-written blogs (like this one), the Tips & Tricks section on DealDash and tutorials. The more knowledge you have on the way things work and what the process is, the more confident you will be placing your own bids.
Watch other auctions in process as they are happening and notice patterns of bidders (jumping in and out, bidding from the start, joining in the middle, jumping in at the end). Do you notice patterns? Behavior by the same people over and over again? Take notes.
Use tools to predict bidder behaviors. Utilizing the Winners tab will enable you to see if the person you’re bidding against has recently won a large or multiple items in the past 24 hours. When they do win, are they overbidding (example: bidding 500 bids on an item worth $50 seems excessive)? Although it is not an exact science or 100 percent accurate predictor on how a previous winner will bid on any given auction, they may be ones to watch.
Start small with your bids. In other words, bid on a $100 item to start rather than a $1000 item to start. There will likely be less people in the auction and that means a greater chance for you to win.
Win with confidence. Know that every small win could lead to a bigger win and then a bigger win still. Putting all the pieces of the bidding puzzle together—or as much as possible anyway—will help you to win more and gain confidence as you get into the bidding pool.
Happy bidding on DealDash!
This sponsored blog post was written by Theresa B., proud American, grandmother of two, major MMA fan, writer and ardent practitioner of sarcastic wit. Theresa was compensated by DealDash for this post.
