What’s your biggest win on DealDash? My biggest (and favorite) win is my Neato Robotics XV Signature Robotic Vacuum.
There is honestly no big secret of how I got my biggest win on DealDash. It was just a combination of different factors – Having enough bids saved up to go the distance to BIN (Buy It Now) if I needed to, doing research on the item and my competitors, using my BidBuddy, and having a little luck on my side!
I have written many blogs before on some of the best ways to win items on DealDash, and it really usually comes down to those simple factors that I listed above. Broken down, here are my DealDash “Best Practices” suggestions that I used to win my Neato Robotic Vacuum.
- Have enough bids to BIN the item if you need to. The BIN price on the Neato Robotic Vacuum is $381. That means that if this happens to be a free auction weekend I could bid approximately 2,381 – 3,175 times, depending on what price I paid for the bids, and still come out even with the BIN price. However, if it’s a half-price auction or a full-priced auction then you need to be careful that you don’t accidentally bid too many times if you are factoring in bid cost + final auction cost. In this particular situation my Neato’s final auction cost was $53.11, so that means that I could bid a maximum of 2,050 – 2,733 times (depending on bid price .12 – .16) and still come out even with the BIN price. Yes, it’s a lot of math, but it’s worth it to do the calculations to make sure that you don’t accidentally overbid and win. Of course, if you “win” and you paid more in bid cost + final auction cost than the BIN price, it’s not really a win, now is it? Be smart, do your math!
- The next thing that I always mention when giving tips to people is to make sure that you do your research on the item and your competitors. When you have found something that you would really like to win and you feel like you can commit yourself to going all the way to the BIN price if you have to, then start checking out every auction for the item you want, as well as similar items. Just put them on your watch list by clicking the little star in the upper right corner, and DealDash will save the auction for you so you can come back later and check it out. While you are doing your research on the item, pay attention to who is bidding on the item you want as well as similar items. That way you can get a feel if they are the sort of person that just tosses in 100 bids and walks away, or if they are in it for the long haul.
- When you have finally decided on the best auction for yourself, checked out the other items and competition, then it’s time for the best tool that DealDash could ever offer – the BidBuddy! When you have decided that it’s time to stop watching and really get into the auction, then do your math that we talked about earlier, put your bids into your BidBuddy, and hope for the best! Remember, if you do your math calculations and you have reached the BIN price and still haven’t won, use the “Buy it Now” option and pay retail price for the item. DealDash will when refund all of the bids you used on that item, and you can try again another day.
- The last component of how I got my biggest win was just a little bit of luck on my side. I was able to get my Neato by placing about 800 bids, which is around $96 since I typically only buy bids when they are .12. So $96 + $53 = $149 for an item that has a BIN price of $381 is a profit of $232, and I think that’s quite lucky, indeed!
So, my fellow bidders, that is the story of how I got my biggest win on DealDash. Go ahead and check out the auctions and see what you would really like to bid on and WIN! See you on DealDash everyone! Good luck and happy bidding.