4 Strategies To Win Entertainment Shopping Auctions
For entertainment shopping auction, it’s an auction that charges the users on every single bid they make. Given that individuals are paying for every single bid, the products in most cases are sold off at a lower percentage when you compare to its actual value. Most bidders spend a lot of money in an effort to winning a particular bid with no luck. Therefore below are strategies that as a bidder you can utilize to increase your odds of winning at shopping auctions.
- Tracking past auctions of the same item.
In a spreadsheet, you can track particular item, its end price and the period the auction takes. This will allow you to calculate the average auction price for items, in the event that the bidding is more than the average, you can have a bidding war on the item. You can opt to enter a bidding war, if the item is at least over 10% of its average selling price. The key here is patience, don’t be in a hurry to enter shopping auctions.
- Having a set number of bids to be utilized on particular auction
Having a set number of bids to utilize in every single shopping auction, helps you to avoid spending too much in an effort of winning a bid. If you exceed your set number of bids, you ought to move to the next auction. With a set number of bids you can be able to stop yourself from getting caught up in the moment.
- Obtain as much free bids as you possibly can.
You can get free bids by referring friends, this is possible as most entertainment shopping auctions have profitable referral programs. This is essential as its mush easier to place a bid with a clear mind, as you know you did not need to pay for the bids. You therefore don’t have to stress over the money that you’re throwing away with every single bid you are making.
- Wait until you have the bidding between two individuals.
In the event that you have three or more individuals steadily bidding on an auction, you should wait until you only have two bidders bidding on an item. You therefore won’t have a lot of competition, it also stresses the other two bidders to a point of them letting you win the shopping auction.
When it comes to entertainment shopping auctions, you are not guaranteed for a win. However, following the above mentioned tips increases your odds in winning.