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Auction
Buying Secrets
How
To Bid To Be Sure That You Win The Auction
If you find an item that you simply must have - no matter what, there
is really only one way to be sure that you win the auction.
- You want to try to be the first bidder
- This means that you want to check new listings as soon as possible
- and often.
- And, use an auction's email alert to tell you when this item is
listed - in case you might miss it
With this method, you need to check your email often.
- And, you need to bid ALMOST the very most in the world that you would
ever pay.
- If this is the only one you've ever seen, you may never get another
chance.
- You don't want to be screaming after the auction that you would
have paid that much if you'd known!
- If someone else has already bid on the item by the time you found
it, bid now and bid HIGH.
- If you bid high enough now, you may scare the other bidder enough
to stay away.
This is especially true if you have a reputation for bidding high
enough to get what you want. Other bidders will know in advance that
they don't stand a chance.
- Bidding less than your highest now will just start the competition
bids from growing and growing.
- And, you need to snipe (see our section on sniping) at the very end.
- You can't sit back and feel sure that no one else will try to snipe
in a higher bid at the last minute.
- This is when you snipe in the very, very most you would ever pay.
You may be tempted to write the seller and offer him the moon
if he will shut down the bidding immediately. Don't. This ruins
everything an auction stands for. Other bidders deserve their chance against
the richest and the fastest. Besides, this method could get you and the
seller ousted for good.
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Cool
Auction Tip
Most of the items for sale on an auction are not
being sold by a store but by people like you who are trying to purge
some junk from their lives and make a buck. But you must be careful,
because what might appear to be a great deal on, say, a brand new
TV is actually a clever marketing ploy by an electronics store.
The high bid for that TV might be a shockingly low $25, but as soon
as you bid $30 you're informed that someone has already outbid you.
This is because the electronics store has set a reserve bid. A reserve
bid is the minimum the electronics store will accept for the TV,
which may well be $300. Basically, the low initial bid price is
just a false enticement.
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