On DealDash what works for you might not work for others. Let’s look at some different strategies for winning auctions
The Planner – The planner is someone who does a lot of research on different DealDash auctions. They might decide on an item, and then go through all of the different options on DealDash and patiently wait for their optimal auction to be put up for bid. Or the planner might find the auction that they want, and then throw in a few bids to just see how the auction goes, see who is bidding, and see what the item goes for in the end…And then wait until the next time the auction comes up for bid to actually get serious and use what they learned on the previous auction that they were merely observing. This is a very smart way to play.
The Determined Bidder – The determined bidder is going to win at all costs. They don’t care who is bidding or how many people are still in the auction. They load up their BidBuddies and occasionally come back to see if they have won or if they need to plug more bids into their BidBuddy. They will do this multiple times until they either win or run out of bids. This strategy wastes money and bids in my opinion. It’s much smarter to put bids into your BidBuddy and then check back on the auction occasionally to make sure that if you win the auction you don’t end up paying more in bids + final fee than it would be to just BIN (Buy It Now) the item when you reach your budget limit. When using the BIN option DealDash will when refund all of the bids you used on that item, and you can try again another day.
The Sporadic Bidder – The sporadic bidder is not a good strategy at all in my opinion. The sporadic bidder looks at the front page of auctions and puts in 5 bids here, 5 bids there, jumping around from auction to auction spending hundreds of bids and then wonders why they don’t win any auctions. Occasionally the sporadic bidder will win an auction, but it’s total luck and good timing. The sporadic bidder usually doesn’t stick around DealDash very long since they don’t tend to win many (or any) auctions.
Of these three strategies the Planner is definitely the best choice. What strategy do you use? Go ahead and test out the strategies – check out the auctions and see what you would really like to bid on. See you on DealDash everyone! Good luck and happy bidding.