WIN It or BIN It | How to Play Responsibly

My Advice when bidding on online auctions is to bid responsibly by not spending more money than you can afford.

Being responsible is expected with any kind of bidding sites as it is with gambling sites because in a sense, it is somewhat similar gambling. You have to set your limit and stick to it, otherwise, you will waste your money, time and resources and you won’t be having fun.

By setting limits, seek auctions that you would pay for out in the “real” world, auctions that have a Buy it Now (BIN) price that fits your budget. With DealDash, if you are bidding on an auction and don’t win it, you have the option to BIN it and get your bids back. It’s a Win-Win for everyone!

WIN it or BIN it on DealDash.com!

Another technique is to wait for the specials. I get emails on a weekly, sometimes daily, basis from DealDash telling me about discounted bid packages and holiday specials going on. Part of my DealDash bidding strategy is to buy the bid packages when they are on sale at 15 cents to save myself money and peruse the site for items I’m willing to BIN and wait for them.

RelatedTips and Tactics to Help New Bidders Win on DealDash.com

I will watch the timer to see when they start and tend to pick the ones where there is less “competition”, i.e. the middle of the night based on my research. Personally I find these auctions are less crowded, offering me more opportunity to win with less bids and money out of pocket. How about you? What time of day do you find best for bidding?

By Gigi Pence

A little about myself: I’ve been bidding on Deal Dash for about two years and really like it. I’ve gone to other sites but find myself coming back to DealDash because of the option exchange an item for bids when you win an auction and the option to buy it now and get your bids back if you don’t win.

 

Winning Auctions Requires Patience ❤︎ Patience ❤︎ Patience

DealDash Bidding Tip Patience

When it comes to winning auctions on DealDash there are a variety of tips and strategies to keep in mind.

Here are a few great examples shared from experienced DealDash bidders that continue to win auctions and come back to DealDash again and again to do their gift giving shopping for their family and friends.

1. Stay focused on one auction at a time and concentrate bids to that particular auction.

Many times we hear from people that have not won an auction in many weeks and that it’s just too hard to win. Winning is certainly very important to the bidding experience and it can become very discouraging if you’re not winning auctions. When was the last time you had a look at your bidding history or thought specifically about what type of bidding strategy you are using? Does your bidding history (dashboard > bidding history) look a bit like this picture below with 1 or maybe 2 bids on several different auctions?

Bidding History

If you’ve been placing a few random bids on hundreds of different auctions and have not won anything, you may want to change up your bidding strategy and become more focused on what you are bidding on.

2. Set your budget and decide in advance the number of bids to use in the auction which is equivalent to the Buy it Now price for the auction item.

Setting a budget is very important and part of what responsible bidding is all about. Look at the Buy it Now price of an auction and figure out how many bids it makes sense to use in the auction. Know when it’s a good time to back out of the auction and use the Buy it Now to get your bids back in case other bidders are just not stopping.  This will help ensure you are not overbidding or overspending.

ALSO SEE: Patience ❤︎ Patience ❤︎ Patience | written by Terry B on DealDash Reviewed

3. Don’t go over the budget. Only use the amount of bids you budgeted to try and win it.

Tip number three is to stick to tip number two and not go over budget! Simple as that.

4. If you don’t win the auction, always buy the item using the Buy it Now and get your bids back so you don’t lose the bids either.

A great tip is to only bid on items you need or want and are planning on buying anyway. If you’ve got a few hundred bids on your account and you absolutely know you are going to need a new set of kitchen pots and pans. Why not take those bids and bid for a new set on DealDash for a chance to win the pots and pans set at 90% off retail? If you don’t win them, simply buy them and get your bids back. You’ll get your shopping down with free shipping and have your bids to use again!

We hope you’ll find some of these tips useful and implement them into your bidding strategy. Based on the data we’ve collected from customers since DealDash was established in 2009 we’ve found that customers who use DealDash as a shopping site and not just a bid to win auction site tend to win more auctions and have a better experience.

Happy Valentine’s Day!

How to get Free Bids on DealDash.com

As you may know, in order to participate in the auctions on DealDash.com, it’s required to have Bids. Bids are your source, your ammunition to win auctions so to speak. Bids on DealDash allow you to shop in a fun new way and save money when you win auctions. However, the cost of Bids can add up quick with the normal cost per bid at 60¢. This equals $6 for 10 Bids, $30 for 50 Bids, $60 for 100 Bids, etc. Just multiple the price per bid times quantity of bids and you get the full price. For example $0.60 x 100 Bids = $60.00. 

One of the best parts about DealDash compared to other pay-to-play shopping websites is that DealDash offers regular Bid Sales where Bids sell for as low as 17¢ or 16¢… sometimes even as low as 15¢ per bid! $0.15 x 100 Bids = $15.00. 

Halloween is this week so in the spirit of spooky critters and witches brew; DealDash has a limited time Bid Sale where the price of Bids is only 16¢ per bid. But that’s not all… there is also a limited time event where “All Auction Wins are Free”. What does this mean? During All Auction Wins are Free promotions, DealDash will pay the final sales price when you WIN an auction during this sale.

DealDash Auction

So for example… see these winners. User: Annoying1 did not have to pay the final sales price of $12.66 for the $1,000.00 Amazon gift card they won. They only had to pay for the cost of used Bids which was 157 Bids. Same thing goes for user: jana81557, they did not have to pay the final price of $8.27 for the $500 Chevron Gift Card they won; just the cost of bids which they used in that auction which was 52 Bids. As you can see, those are some pretty great deals, even if the bidders paid the full 60¢ per bid price, however it’s likely they even paid much less and also received FREE Bids!

So, the question remains… How to get Free Bids on DealDash.com? Well, this is pretty simple. One way is to just simply bid in the auctions.

Free Bids
When the button turns green, you can claim free Bids.

The more you bid in the auctions, the more time you collect as highest bidder. The more time you collect as highest bidder, the more free Bids you earn. This is integrated into how DealDash works so there’s nothing you need to do but simply bid in the auctions and press your Collect Free Bids button when it turns green.

However, the number 1 way to earn free Bids on DealDash.com is to show off your winnings by taking a picture of yourself showcasing what you won and post that to the DealDash Facebook page. By doing this you can collect up to 200 Free Bids every week! Plus, you are entered into a weekly contest where the best photo of the week is selected and rewarded with a $500 gift card of choice. Click here to be redirected to the DealDash Facebook page and read more about the promotion.

Top 3 Bidding Tips for Having the Best DealDash Experience

  1. Watch and Learn – The first and most important bidding tip for having the best DealDash experience is to take the time to watch and learn how the auctions work. Be sure to read the FAQ and visit the how does it work page on DealDash.com before jumping into the auctions. Once you have a solid understanding of the bidding process and various DealDash features, it’s advised to take the time to participate in a few auctions as a bystander only. Watch the auctions and see how they play out. Some people even keep a notepad or excel sheet to track bidders and what type of bidding strategies they are using or what auctions they recently won. Visiting the winners page is useful to see what just sold and for how much it sold for. One secret tip is to view the auction in logged out mode. When you do this, you are able to see what the average selling price is for any particular item on DealDash.

    DealDash Auction
    From logged out view you can see the average selling price for the auction.
  2. Use the BidBuddy – Wait! What is the BidBuddy? You should know this by now if you have taken the time to read the FAQ and may even be able to spot bidders using their BidBuddy. The BidBuddy is your automated bidding tool. This comes in very handy because when you book bids in your BidBuddy, you don’t have to sit at your computer and press the Bid Button over and over again every time you want to place a bid. The BidBuddy also removes the risk of placing your bid too late and having the system not recognize the bid causing the auction to sell right in front of you to the other bidder. The BidBuddy will place your bids during the last few seconds of the auction clock automatically. Auctions can not end when more than one person has bids booked in their BidBuddy. If multiple bidders have bids on their BidBuddy, they will take turns placing bids until all but one run out of bids. This is why you may notice the same few people placing their bids in a rotating order. Example: BidderA, BidderB, BidderC, BidderA, BidderB, BidderC, BidderA, BidderB…. you get the idea.  A secret tip: the high majority of all auctions sold are won with the BidBuddy!

    DealDash BidBuddy
    Insert bids in the BidBuddy to help you win auctions.
  3. Buy it Now if you don’t win – DealDash is much more than just a penny auction site, it’s a retail shopping store and you will find some of the newest & coolest items on DealDash.com that you might find in other retail stores – with comparable and competitive prices! It’s one of the main reasons people come to DealDash to shop for their families and friends. Why? Because the Buy it Now prices are fair, DealDash makes shopping more fun, plus shopping here gives you the chance to get a really really good deal. There are over 1,000 auction winners everyday with thousands of examples of amazing deals. Remember the winners page..? Yes, just check that out and see what recently sold. Other penny auction sites are set up in a way that if you don’t win the auction, you’re out of luck and walk away empty handed with nothing to show for it. This is one aspect which makes DealDash different. It’s obvious that there is only one winner to each auction listed. So, what happens to all the people that did not win the auction? The Buy it Now happens! People that don’t win the auction have a full 7 days (not 1 or 2 hours like other sites – if they even have a Buy Now option) to decide if they want to buy the same item they were bidding on at regular retail price. In doing so, they’ll get back all the bids used in that auction. So what does this all really mean and what is the BIG takeaway? Bid on items you want and/or need. If you don’t win it, Buy it Now and get your bids back to try for something else. Remember… DealDash is a retail shopping site. Use these tips and take away the gamble but keep the thrill!
    DealDash Buy it Now
    Buy it Now and Get Back your Bids!

    Did you like this post? If so, you may also want to check out DealDash Reviewed – a blog site made up of real stories written by real DealDash customers. Want to get up to 200 Free DealDash Bids and a chance to win a $500 gift card every week? Check out our Facebook page to learn more!