Online auctions are a great way to save money. Everyday people save up to 90 percent buying products in DealDash’s easy to win Internet auctions. The savings and the selection of products is why DealDash has become the Internet’s #1 source for legitimate auction bargains. The only catch is that different bidders will be able to take advantage of this opportunity in different ways. Before starting to bid, it’s important to know how to to go about maximizing the savings potential available on DealDash. One way that many bidders overlook is by learning how to use DealDash’s Buy it now option (BIN) to help them save big bucks!
DealDash’s “Buy it now” option is a unique feature that lets bidders purchase the item at a regular price if they don’t win (or if they think they won’t win) an auction. This feature is always available on all of the items featured in the auctions, and the best part of it is that bidders get all of the bids back that they used in the auction. Didn’t win that $20 Amazon gift card? No problem. Pay the twenty bucks and get your bids back to try again in a different auction. It’s pretty simple, it’s just like paying for a regular auction win, and clever bidders recognize that using the Buy it now option can help win auctions. Not kidding: paying the regular price can help you save money on DealDash. Here’s a few suggestions from some big DealDash winners on how planning to BIN can help them win the auctions!
Look at the BIN price before deciding on whether or not you want to participate in the auction. Everything looks good when you enter an auction expecting to pay a couple of dollars. Looking at the BIN price and asking yourself if that’s something you’d consider paying for the item can help you prioritize your auctions and decide on where to concentrate your bids. Focusing your bids in a few auctions helps you budget and get more for your bids, and it also makes sure that you focus 100% on getting that item you really want!
Budgeting is a really important component to consider when creating your bidding strategy. And even though you might not have control over how much bidding will happen in each auction, you do have control over how much you’re willing to spend on a particular product. Take this recent auction for a $10 Walmart gift card as an example:
The BIN price for this gift card is 10 dollars. Assigning a dollar value to the bids you use in the auction can be difficult, as this depends on when you purchased your bids (see the “DealDash Promotions Make Auctions Easier to Win!” blog entry for more information on how to save money when buying bids). However, you know that buying this gift card will never cost you more than 10 dollars. So when bidding in the auction, it’s important to keep in mind that winning the auction isn’t really winning if you wind up using too many bids. The BIN option gives you a great safety net if you find yourself using too many bids to win an item that you can buy for a reasonable price. Not only do you get the product you have your heart set on, but you get the bids back too!
If you prepare yourself for purchasing the item at the BIN price, conserving your bids doesn’t become so important. After all, if you’re going to buy the item anyway, you don’t have to worry about wasting bids. You can use as many bids as you want and get the product at that unbelievably low price (like this LG 32-Inch TV), or you can simply buy the item and get all of those bids back to use however else you’d like. Once again, you get the product you want and get it at the price you want to pay!
Different bidders will have different strategies they use to win the auctions, and some of them like to use what might be called an “aggressive” approach. This is in no way a better approach to saving money than what some other bidders like to use, but it can be useful to take a page from their playbook and use your bidding to let other users know that you’re going to get that item no matter what. Once again, the BIN option provides these bidders with a great safety net. If you use a ton of bids trying to let other users know you’re 100% dedicated to winning the product, and that backfires, you buy the product and get those bids back. Try this out on some lower priced auctions to see if it works, and you might be surprised to see how much you save!
These are a few of the tactics that real DealDash bidders use to help them save money in the auctions. The smart bidders know that winning on DealDash is about learning how to stretch budgets as far as they can and outsmart their opponents, and the BIN feature is just one of the resources available on DealDash’s website. Check out our Winning Tips, Tactics, and Strategies page for more advice on winning on DealDash, and don’t hesitate to leave comments with your own hints!
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