When it comes to buying items online, we all want to try and get the best deal. This might mean finding discount codes to get money off from an online store. It might mean ordering in bulk in order to save on delivery costs. The reality is that there are much easier ways of getting bigger discounts which are now available to everyone. Unique bid auction sites are one of the easiest ways to get regular large discounts on items. We are not talking about small discounts of a few percent off. No, instead, we are talking about huge discounts where you only pay a few percent of an items value.
Of course, in order to win these auctions, you will need to have some kind of strategy in place to assist you. Every bidder has their own strategy, or they use a combination of actions to develop this strategy over a period of time. Here are some examples that might give you some basic ideas, allowing you to develop your own strategy.
Pattern Bidding
Why not try using a few patterns to select random bid amounts. For instance, bid on round numbers or place several bids at frequent intervals. This will help you to create some fairly random bids. Of course, the randomisation is one aspect which could form part of your strategy. It ensures that there are very few people "on the same page", which means you have a much more likely chance of winning against them.
Focus
A lot of people use focus as part of their bidding strategy on unique bid auctions. For instance, they might find that they want to win five items over the next seven days. Let's assume that their current amount of bid credit means that they can place twenty total bids. Now, they are going to focus the majority of their credits on two auctions, rather than all five. This means that they have two chances, but they have two very good chances. The focus bidding strategy helps to ensure you have covered as many bases as possible.
Bid Checks
Don't forget to incorporate a bit of analysis into your strategy. You'll be able to see what auctions have finished. Some unique bid auctions will show just the lowest unique bid that won the auction. Other auction sites will actually show you all of the different bids that were placed. You will be able to see which ones are regularly unique (and could stand a chance of winning), but also which ones win on a regular basis. You can incorporate these into notes and use them to help build your strategy.
Value
Some people prefer to focus their strategy around certain product types. For instance, they will only bid on items over a set value, which means when they win, they win big. Others will go for the complete opposite approach. They will choose to go with the lower value auctions. They will be thinking that as it has a lower value they can bid more and therefore, they have a chance of winning on a more regular basis, although it will be a smaller amount. Whatever the focus, the value strategy is a good one to use for unique bid auctions.
Conclusion
Overall there is no right or wrong strategy and what may suit one person may not suit another. The ideas outlined above can always be used in any combination to form part of a larger strategy. Ultimately if you follow some kind of bidding plan then you will have a better chance of winning.
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