Continuing to Look at Different Bidding Styles

 

 

If you’re just getting started at DealDash you might be puzzled at all of the different ways that people use to bid on items. This guide is a continuation of last week’s handy guide to different bidding styles.

If you’re used to classic auctions that have prices that raise by tens or even hundreds of dollars at a time you will quickly realize that DealDash is a LOT different. The price raises very slowly at the rate of 1 Penny per bid, and bidding is not as straightforward as you might think. Here are a few other ways that people bid:

The Hello/Goodbye: This particular bidder is very crafty and a little bit tricky. They usually check in at the beginning of the auction with a few bids, then stop bidding. You think that they’re gone, but suddenly they’re back again! This can go on and on for quite a while. It can get a little frustrating for the people who have been bidding consistently to not know if this bidder is going to pop up out of nowhere again, but hey, it’s a great strategy to throw people off of their bidding game.

The MUST Win At ANY price: This type of bidder has always puzzled me, and you see this type of bidder most frequently when DealDash is running one of their 3X or 5X clock time promotions. The MUST Win At ANY price bidder will clearly over bid…And keep on bidding.

Let me give you a great example. A little while back I was bidding on a $100 Toys R Us gift card. Pretty straightforward, right? I started bidding at the same time as another bidder, and we were both using our BidBuddies. As I was getting close to the BIN (Buy it Now) cost which of course is the simple formula of – price of bids X number of bids + final auction price – I figured that the other bidder had done the same calculations, and depending on what price they had purchased their bids would determine if she was going to win, I was going to win, or someone was going to jump in when both of us were out. Well, I hit the BIN cost, and shut off my BidBuddy. I had spent just about $100 in bids + final value, so I BINned the gift card, got my bids back, and wandered off to do something else. Imagine my surprise when I came back an hour or so later and this original bidder was STILL bidding! I couldn’t believe it, so I kept watching.

The bidding went on and on until she eventually “won.” However, I wouldn’t really consider it winning since she clearly spent more on bids + final value. I took note of her bidding name, and whenever I noticed that she was bidding I would watch, and this The MUST Win At ANY price bidder seemed to do the same thing at every auction. It makes no sense to me, but hey, that’s the great thing about DealDash – you can bid ANY way that you would like, it doesn’t have to make sense to anyone but yourself.

 

Those are just a couple more of the ways that people like to bid on DealDash. What’s your favorite way? Please stay tuned for future blogs where I will discuss more advanced ways to bid. For now, check out the auctions and see what you would really like to bid on, and try my tips to save bids. See you on DealDash everyone! Good luck and happy bidding.

 

Taking a Look at Different Bidding Styles

If you’re just getting started at DealDash you might be puzzled at all of the different ways that people use to bid on items. Be mystified no more, here is a handy guide to a few different bidding styles.

I know when I first got started with DealDash a few years ago I was seriously confused…When you think of bidding in an auction you might picture an auctioneer raising the price higher and higher as people commit to paying a certain amount of money. Well, online auctions are totally different. Not only do the customers dictate the price by raising the price of the item by 1 Penny every time they bid, bidding is not as straightforward as you might think. Here are a few different ways that people bid:

 

The Newbie: The Newbie tends to be overexcited about their first few times on DealDash, and they bid like crazy on every auction on the home page, without even opening up the item page or doing any research whatsoever. This bidding style very rarely wins anything, and just leaves the bidder frustrated.

The Stomper: Everyone hates The Stomper. The Stomper picks an auction, and rather than bidding politely and waiting for the timer to go down to 2 or 3 seconds they bid immediately after a person, therefore cheating the person out of their “clock time.” The Stomper is not the best way to bid, because it usually ends up making people angry and they will just keep bidding til the BIN (Buy It Now) price any possibly even beyond just to spite The Stomper. However, occasionally being The Stomper can win you an auction, especially if you are bidding against The Newbie, because as we talked about above The Newbie is easily frustrated and will move on pretty quickly.

The Bid it and Quit it: The person who uses “The Bid it and Quit it” style tends to spread out small amounts on bids on many different auctions in the hopes that they might get lucky and have one of the auctions that they picked to The Bid it and Quit it are one of those magical auctions that ends for just a few cents. This bidder tends to do some research on when is the best time to bid, as well as picking lower value auctions that might not be as popular. On first glance you might think that The Bid it and Quit it and The Newbie are the same, but they are really very different – The Newbie is surprised and frustrated when they don’t win, and The Bid it and Quit it doesn’t really expect to win, they just like the thrill of possibly winning something for pennies. The Bid it and Quit it treats DealDash as if it’s a virtual scratch ticket, tossing away $5-$10 in bids in hopes of a big payoff.

Those are just a few of the ways that people like to bid on DealDash. What’s your favorite way? Please stay tuned for future blogs where I will discuss more advanced ways to bid. For now, check out the auctions and see what you would really like to bid on, and try my tips to save bids. See you on DealDash everyone! Good luck and happy bidding.