An Entertainment Shopping auction is an auction which charges it's users
per bid they make. Since people are paying for each bid, the item
usually sells for a very low percentage of its actual value. The problem
is that often times bidders will spend almost as much, if not more
money trying to win auctions with no luck. This is why I have provided
four quick ways detailing how you can increase your odds at winning a
given auction:
#1 Track past auctions for the same item
In
a spreadsheet, keep track of each item and what end price, and time of
day it ended. You can then calculate the average price the auction
usually gets for a particular product and if the bidding surpasses the
average you can enter the bidding war on that product. I would recommend
possibly only entering the bidding war once the item is at least 10%
over it's average sell price. Be patient and don't be to fast to get
involved in an auction.
#2 Get as many free bids as you can
Do
this by referring friends. Most Entertainment shopping sites have
lucrative referral programs. It's a lot easier to bid with a clear head
knowing you did not have to pay for the bids, then if you are stressing
over how much money you are possibly throwing away bidding on each
item.
#3 Have a set number of bids you are willing to use for each particular auction.
If
you surpass this number, then move on to the next auction. This will
prevent you from getting too caught up in the moment, and possibly
spending way too much trying to win an individual number.
#4 Wait till the bidding is between only 2 people
If
there are 3 or more people consistently bidding on one auction then
wait until it's down to just 2 bidders fighting it out. This way there
is not too much competition, and it will often stress the other 2
bidders out so much when you enter that they will just stop bidding
altogether, allowing you to win the auction.
You are never
guaranteed a sure strategy to win at these Entertainment shopping
auctions, however you can increase your odds greatly if you follow those
four tips strictly.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment