Winning At Entertainment Shopping Auctions: Strategies You Shouldn’t Miss

Entertainment shopping is an auction that charges you with every bid you place. Since users are usually paying for every bid, the item being auctioned is usually sold for a very low percentage compared to its actual value. The problem is that most often than not, bidders are spending as much, if not maybe more cash trying to win those auctions without luck. From the bidder’s perspective, the benefits that you can take from these entertainment shop sites include the chance to get big discounts on sale items if he pays the total bid for an item. And because of the fact that the price of item usually begins at $0 and the bid amount is only increased by the number of bid it receives so it is generally lower than manufacturer’s price. From the auction site owner’s point of view, the intensity and heated competition that is brought about by the lure of traffic discounts and resetting the clock gives him great profits.

If you want to take advantage of these penny auction sites , here are the best strategies that may come in handy.

• Quick-counter bids. A bidder may outbid all his competitors right after they place their bids in the hope of intimidating them and eventually stop bidding. An aggressive bidder would want to appear as if he/she is not concerned by the amount of bids he places and that he is definitely someone who is determined to win this auction no matter the cost.

• Late entrance bids. This strategy believes that you have to patiently wait until the countdown timer is only seconds away from reaching zero before you make your first bid on a certain item. The other bidders will not be aware of your desire for an item until that time and when mixed with this quick counter bidding, you may scare the competition off.

• Cheap item bids. This strategy originated from the assumption that the most expensive items will usually attract most of the bidders and that you should focus your attention to the less costly auctioned items. The more bidders a certain item has, the lesser are your chances for winning the game.

• Early entrance bids. The concept here is that you should be the first one to bid on an item as soon as it gets posted on the auction site. The hope lies in the fact that the other bidders will view that an item has already accumulated bids despite the fact that it has only been posted into the site. Your competitors will move on to other items where there is less competition.

• Butler only bids. This is a bidding technique where you set your bid limits and let an auto bidder or bid butler do all the work for you. This is a conservative strategy of ‘setting it and forgetting it’ so you will prevent oneself from emotionally getting into a bid war with others and losing money in the end.

• Off hour bids. This strategy is built on the assumption that there are fewer bidders during irregular hours. You can either bid very early in the morning or late at night when there are fewer people awake.

By: Jacob Vah

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