1. How to win on online bidding
Some individuals have gotten the hung of online bidding and developed simple yet sophisticated
methods of always securing a win on the auctions they place a bid. It can be simple and hard to
make a win. However, the following may guide you to securing your first and subsequent wins
during online bidding:
Persist – Continually check the auction on a daily basis. Placing a bid and forgetting about it will
not increase one's chances of winning. Ensure that you check the activity of other bidders several
times a day, and adjust your bid appropriately to give you a better chance at winning.
Have a list of the items you are bidding on and keep track of all of them- It is very vital to monitor
every item you have placed a bid on. This is more of a general good practice as it will help you
manage your items well. Keep a good record of the related websites, the date the bid will be closing,
lot numbers f the bidding, competitors, and any other important information regarding the auction.
You may do this manually or come up with a simple database listing the bids placed, the closing
dates and whether or not it was successful.
Know the maximum amount you are willing to pay for the item. Do not be tempted to place a bid
for an item higher than you can afford or have planned to use, or even worse, higher than it's current
market price. Individuals tend to be carried away by the bidding excitement and find the
competition so intensive and their aim is just to win. They eventually increase the bids as the
competitor increases theirs forgetting the top dollar value they had set.
Late bidding – Many will advise that is a good strategy to wait until the bid is at the verge of
closing. Wait late but don't wait too late that you are eventually locked out on making a good bid.
The best bids are usually placed towards the closing of the auction especially if the item was highly
demanded. To be able to be successful with this strategy, keenly note when the bid will be closing
so as to place your bid at the nick of time, if that will prove a bit difficult, you can make good use of
the auto bidder so that it can make that final bid just before the auction closes.