ARE YOU SABOTAGING BIDDING SUCCESS? – By Another Satisfied DealDash.com Bidder

Greed, fear and hope can be dangerous emotions if we let them drive our financial decisions, cautions Jason Ramos in a blog article published on Wealth Lift’s website. Ramos directs his warning at investors but it applies to bidders too, especially when we add a fourth and potentially the most sabotaging emotion to the top of the list.

Call it feeling frustrated, ticked off, annoyed, irritated or enraged, it takes only a second for anger to drag us blindly down a bidding path that we otherwise would avoid.

Our anger may be directed at bidders who cut into our clock time — and free bids. Or maybe it’s the long line of bidders waiting to jump us at a No Jump auction that ticks us off. Either way, abandoning our bidding rules to teach them whatever lesson we’ve decided they should learn doesn’t enlighten them.

It hurts us.

An odd phenomenon occurs whenever shiny, expensive electronics come up for auction. Even if we’ve already spent this month’s bidding budget and have three computers at home, suddenly we’re convinced that this MacBook Pro or 72-inch television set has our name on it. Mine, we think. I’m going to win. The problem happens when fifty other people simultaneously think the same thing.

We load up our Bid Buddy and then watch as the auction we felt certain we’d steal for eighteen cents goes on all day, into the night, through the next day and the one after that. Then just when it looks like we’ll finally prevail, the next in what we discover is a long line of bidders, jumps us at a No Jump auction. Even if we manage to drive off one jumper, another one takes his or her place. Like ants, the more we get rid of, the more come around.

As we watch the price rise we’re clear on only one idea: our bidding long ago passed the point of no return, that place where we’ve spent too much to walk away and we can’t afford to BIN (Buy It Now at retail price and get our bids returned). So we pump more bids into the automated bidder wishing there was a 911-Help-I’m-In-Over-My-Head Hotline for Bidders we could call.

We don’t want to think about how much money we’ve spent. We just want to win, even if that means losing because we pay more than the item’s worth. That’s when anger can escalate into fear. What were we thinking of? Well, probably that we’d win but most likely, we didn’t think. We bid based on how we felt.

Hope is not a winning strategy, according to the money gurus.

On my smarter days when I find myself in bidding hot water, I collect my senses, BIN, get my bids returned and vow not to do this to myself again. Here are some suggestions for how you can avoid the emotional traps that sabotage bidders and instead develop your own strategies for bidding smart.

Change hope to strategy by researching first, before you bid. Most of us have heard the adage, Information is Power. The reason that saying has been around so long is because it’s true. DealDash.com makes it possible for all bidders to stay equally well-informed. The Winners List at the top of the DealDash.com home page gives detailed information about how much an item has sold for in the past, who won it at auction and the day of the week and time of day it sold for a particular price. Each item auctioned has a home page that gives detailed specs. It’s also where we go to use the automated bidder. The spec page gives us a chance to review exactly what it is we’re bidding on and potentially buying. When emotions are driving our bus, it’s easy to forget that we may not win. Make sure you’re bidding on something you want, that there aren’t any glitches in that shiny, expensive electronic that will make it not-right for you. Get in the habit of using the auction search function, too. By searching for upcoming auctions on an item, we may find a different model – one we like more – or an auction taking place at a better time for us. From the results of that search, we can set up alerts that will notify us about all the upcoming auctions for any type of item. Use these tools to your advantage. And don’t forget to check your budget to make sure you’re not straining it.

Once you get in the habit of researching auctions, you’ll see the wide disparity in prices bidders pay for the same item. A camera that sells for $18 one day can auction for $299 the next. If that computer or camera can sell for $299 in one auction, it can go that high – or higher – in the auction you join. Remember, there are no guarantees that we’ll win; only that we don’t have to lose. The risk of needing to BIN comes with every auction, even when we’re convinced an item already belongs to us. The only way to eliminate risk exposure is to BIN when we don’t win.

Freeze fear by tracking all auctions you join. Worried about whether at the end of the day you’re really winning? Really winning means we pay under retail value counting the cost of bids plus the auction price. Be your own bookkeeper. Know where you’re at in any auction at any time. Your Dashboard can help you and it’s especially helpful if we’re involved with more than one auction at the same time. From the Dashboard, we can see total bids invested, how many bids are left in the automated bidder and it links directly to an item’s home page. Remember, keeping track means keeping track of our bid investment in an item, not just counting the auction price we’ll pay. And, make sure to bid from an item’s home page not the DealDash.com home page. You’ll stay more aware of exactly where you’re at. When you’re keeping track of your investment in an auction, don’t guess. Do the math.

If you intend to bid on an item you know you can’t afford to purchase if you don’t win, set a limit for yourself about how much you’ll invest. Decide on that amount before the auction begins instead of waiting until the heat of the moment, when you’re more vulnerable to allowing your emotions to drive your bus. How much are you willing to lose if the auction doesn’t play out as you hoped? Write that number on a piece of paper and don’t re-negotiate when you hit your limit.

Neutralize greed by setting and sticking to your limits. Greed takes over when we log-in to DealDash.com and see that sweet HD television that recently sold for $8.00 and an auction for that same item just started. Planning flies out the window. We start bidding. Soon the price for the television we’re bidding on is over $100. After two or three more days of watching the price rise on what we felt sure would be a snappy win, it’s not uncommon to start yelling at our computer about all the people in the auction who won’t just leave and let us win it. You don’t have to be that person. Stick to the facts instead of taking that emotional roller coaster ride. The facts include: retail value of the item, your total investment in the auction including bids and auction price and making certain your investment doesn’t exceed retail market value – no matter how tempting it is to teach that jumper a lesson. Set a bail time, a walk away dollar limit and then stick to it. Use common sense. If your emotions lead you down the wrong path, get out as soon as you realize you’re on it and then don’t beat yourself up. Vow to bid smarter the next time by sticking to your rules and not letting greed decide when you’ll bid. Bidding is fun. But it’s not fun to get sucked into bidding for six days on an item we don’t want but started bidding on because our greed led us there. You will win big. Just not every time and not as much as you’d like. Letting greed make your bidding choices guarantees you’ll lose.

Knock out angry bidding by sticking to your strategy. Whether your anger trigger is jumpers, new bidders who don’t understand the importance of letting the clock run out (because we get free bids) or any other aspect of the site, bidding rage won’t help you win. Getting angry won’t help other bidders learn their way around the site or learn to follow the rules. If a particular issue really bothers you, contact customer service. They can and do make a difference. Angry bidding won’t. If you’ve done your homework, then trust your plan. Take a few deep breaths or whatever technique you use when you get upset. What do you need to do right now to bid smart? If you’ve made a mistake and are frantically bidding on something you don’t want or if you’ve surpassed your budget, then it may be time to bail. Trying to negotiate losses rarely works. Let it go and focus on learning your lesson instead of teaching someone else theirs. Next time you participate in an auction, know that sometime things will work out. Sometimes they won’t. Screaming at your computer or quickly rewriting your bio to scold other bidders likely won’t help.

Online auctions can be a fun way to shop. They can also be frustrating when we allow emotions to shape our decisions. One way to eliminate frustration and anger from bidding is by taking the long view. Learning how to bid smart and get the best deals offered by DealDash.com is a marathon, not a sprint. It takes time, experience and commitment. The first year I began bidding, I lost money because I didn’t bid smart. Since then, I’ve recouped my early losses and now look at bidding at DealDash.com as my preferred and the least expensive way to shop.

When I balance emotions with rational thought, stick to my budget and respect the bidding rules I set for myself and save emotional indulgence for after the auction, my average discount rate at DealDash.com skyrockets back into the 80 – 95% range. I win more than I BIN. Instead of feeling outraged, indignant, afraid or greedy, I’m back in the game and biding becomes fun again.

Don’t let any of the four dangerous emotions sabotage your success.

The Keys to Winning Auctions on DealDash.com

This blog post is to help bidders learn a few of the basic building blocks to a winning strategy. If you’re an experienced bidder, it might be useful to revisit some of these ideas and think about whether or not there’s room to refine your strategy.

If this is your first experience with DealDash, congratulations! DealDash is the longest running pay-to-bid site of its kind in the United States, and currently provides service to over 1.5 million registered users. Everyday people visit the site, have a great time bidding and looking through the thousands of available items, and many customers (even the new ones) win great deals on products they love.

But winning isn’t a matter of luck on DealDash: bidders who win do so because they’ve taken the time to learn how the auctions and the website work. By keeping these few pieces of advice in mind you can save yourself both time and money and learn what the best bidders already know!

Watching Auctions Pays Off More Than You Might Think

Watching auctions on DealDash might not be as much fun as watching your favorite TV show, but it pays off for bidders. The MOST IMPORTANT thing to do to create a winning strategy is to learn how bidders behave in the auctions (this is advice from some of the most experienced bidders on DealDash)! Spend a little bit of time watching how bidders react, who bids when, and what kind of products attract more bidders. Watch and learn…then win!

Read Through the Website and Some of the Blog Entries

DealDash regularly posts information to help people learn how to win, both in this blog and on the website. While the blog provides summaries of key strategies and provides some context on how they can be used to your advantage, the website contains raw data that you can use to make decisions. Pages like the Winners page lets you see who’s winning what, when they’re winning it, and for how much – all of them important pieces of information. Information like that can tell you who might be a power bidder, or highlight a couple of hours when the items sold for unusually cheap prices. The blog, on the other hand, highlights some of the particulars of bidding and helps illustrate how certain features, concepts, and ideas can be your key to winning auctions.

Familiarize Yourself with the Tools of Your Trade

DealDash has several unique features to help bidders in their quest for bigger and better wins. Many of the tools are easy to use and understand, but surprisingly some people don’t take the time to learn about them before bidding. Here’s a few example of things you can use to help you learn to win auctions:

  • Bookmarks – You can bookmark auctions that you’re interested in and then view them all on the same page
  • The BidBuddy – The BidBuddy is an automated bidding tool that places bids for you even while you’re away from the computer.
  • No Jumper Limits – One of the most frustrating experiences for bidders is when they’re reaching the end of the auction.

It’s down to you and one other bidder (who may or may not be your arch nemesis)…and you’re bidding back and forth trying to outlast each other. It’s been a long, hard-fought battle, but now you can see the light at the of the tunnel…and then another bidder joins the auction.

Nothing is worse for bidders than the above situation, which is why DealDash has implemented “No Jumper” auctions. These No Jumper auctions prevent new bidders from joining after the item price reaches $5 (sometime less if there’s a sale), thereby limiting the number of bidders who can join that particular auction. There’s less competition in these auctions, and so they’re easier to win!

The “Buy it Now” Helps you Save Money

People come to DealDash to win great deals in the auctions, but nobody wins all the time. That’s why there’s the “Buy it now” (BIN) option. This lets you buy the item from the auction at a regular price. You read that last sentence and though “Where’s the deal in that?”. Well, when you BIN an item, you get all your bids back from that auction for FREE, and so you can use them in another auction. Many new bidders don’t realize this at first, but this can actually help you save a lot of money on bids, and you still get the product you want. It really minimizes the risk of using your bids and then walking away with nothing. That’s why bidding DealDash is a risk-free proposition!

DealDash Reviews – Insights into a Great Online Buying Experience

Online shopping is a multi-billion dollar business, and the surge in online spending is expected to continue rising to over $360 billion in the US within the next 3 years. The savings offered by online retailers are opening up a whole new world for shoppers by bringing premium products at affordable prices right to their front doors.

Since the benefits of online shopping are catching on all over the nation, more companies are working to bring these great savings to customers. And while many companies might be offering similar products and services at similar price points, DealDash sets itself apart from these other websites by bringing back the fun and social aspect to shopping – something a lot of people are starting to miss about going to the mall with friends!

DealDash lists over 800 brand new items up for auction everyday and is a place where people come together to bid, win and save on some of the best brand name products. Here are a few ways that people all over the USA use DealDash to save money (and have fun while doing it)!

It’s Easy to Use and CHEAP!

Registering for DealDash is 100% free, and with the regular sales and promotions buying bids to use in the auctions is affordable for everyone. PLUS, shipping on DealDash is 100% free on all items, saving you money on the products you want to buy AND at the gas pumps!

Buy the Products You Want at the Price You Want to Pay

All of the items featured in the auctions at DealDash must go, and users come together to bid on the different items. All items start at $0.00, and the DealDash community bids to set the final sales price. This way you can get items you really want without having to pay the outrageous mark-ups charged by retailers.

Earn Free Bids Just by Participating

DealDash rewards customers for just participating on the site. The website has many unique game like features (such as the Time as Highest Bidder meter) that lets customers earn free bids! PLUS, DealDash has one of the largest and most vibrant communities on Facebook that gives bidders even more opportunities to win!

Check out the DealDash Reviews section of the blog to read feedback from satisfied DealDashers! And remember, with a 100% satisfaction guarantee on your first bid pack purchase, trying DealDash is a risk free proposition. Why not treat yourself to a great deal today?

DealDash – Making Winning Easier than Ever!

Ordering things from the Internet can be daunting for first timers. You’re buying things from a group of people you don’t know, from a place you’ve never been, and there’s a good chance it’s a product that you’ve never held in your hands or tried before.

DealDash revolutionized Internet shopping with it’s fair, honest, 100% legitimate auctions, and our growing ranks of satisfied customers gets bigger each and every day! Since trailblazing this exciting new path 4 years ago, DealDash has continued to introduce new features to make winning auctions easier and more fun than ever before!

Now DealDash shoppers can track shipments right in their dashboard! Unlike other “flash in the pan” auctions sites, DealDash knows that winning auctions isn’t so great if you have to worry about whether or not your product will ever arrive at your door. That’s why we worked hard to link up your physical shipments with the auction information stored in your dashboard. Tracking your DealDash orders is now as easy as logging in and checking your won auctions and Buy it now history. You can even click on the tracking numbers to go right to the carriers website to get all the details about your deliveries. And as always, shipping is free and all items are guaranteed to arrive brand new, in the original box, and covered under the original warranty!

Customers love the great bargains they get in our auctions! You can see photos and read testimonials from auction winners on the official DealDash Facebook page. Every week we give out a 500 dollar gift card to the best photo submission of the week! Check out this week’s winner below!

Paid only 62 cents for this Canon EF 85 mm f/1.8 USM telephoto lens!
Paid only 62 cents for this Canon EF 85 mm f/1.8 USM telephoto lens!

With a 100% satisfaction guarantee on your initial bid pack purchase, trying DealDash is a risk free proposition. Over 350 customers won their first auction with us last week, so get in on these great bargains by signing up for your free account today!

DealDash – The Commercial!!!

DealDash – The Commercial!!!

It’s no secret that DealDash has been growing, and the site is bigger and more exciting than ever! It’s never been so easy to win great deals, and that’s why DealDash has become the Internet’s #1 source of legitimate bargains. And if that wasn’t enough, we’ve introduced new features on the website, and customers can even get tracking information for their shipments right in their dashboards!

As DealDash has grown, so has the exposure. We recently surpassed 1 million likes on Facebook, and people who haven’t heard of us online are about to hear of us from their television sets! We’re proud to present to you the first official DealDash television commercial!

[youtube=http://www.youtube.com/watch?v=IA2IJh4GPe8]

You can also view it on YouTube and leave comments by clicking here!

This commercial is just one of the exciting developments at DealDash. You can learn more about how we’ve become the Internet’s #1 source of legitimate bargains by checking out the pictures and reviews people leave on DealDash’s Official Facebook page, or better yet, sign up for your free account by clicking HERE! And don’t forget DealDash has round the clock customer support to answer any questions, so don’t hesitate to get in touch with us. We’d love to hear what you think about our commercial!

With over 6,000 auctions scheduled every day, DealDash has become the Internet’s #1 source of legitimate bargains! DealDash ships thousands of great products to auction winners each day, and has over 1.5 million customers in the United States!