Penny auctions are the latest buzz within the world of on-line bidding, permitting its participants to gain incredible products for example iPods, laptops, Flat display TV's, and innumerable gadgets and things at mind blowing rates.
Usually these on the internet bidding sites function by providing bids (single and in bundles) to suit your needs to buy. The charges are usually $1 per bid. Following obtaining the bids, you're able to explore things of your option and location bids for the ones you like. Every bid positioned increases the worth of that merchandise by a penny, and when the bid ends on you, you're the winner on the piece - most likely costing you only a couple of dollars to acquire a automobile or other costly products.
It's quite an awesome opportunity that lets you win a product in about a fraction of its genuine marketplace selling price, and you certain conserve lots of funds for the offer.
5 Easy Actions to penny Bidding
It's easy to obtain began with penny bidding program. Here's how it operates:
1. sites provide bid offers that you simply buy. You can find some internet sites, like Penny Mountain, offering free of charge bids on purchase of bid deals, which can add towards the benefits of penny bidding and provide you with much more odds of winning.
2. Immediately after buying the bids, it is possible to begin bidding for that products you like.
Three. Each auction begins at as small being a penny
Four. Every auction features a countdown timer which exhibits the "tick-time". For example, if your tick-time is 5 minutes, then every new bid positioned towards the merchandise will instantly restart the timer from this provided tick-time.
5. In case you are the final bidder when the timer strikes "zero", you win!
How lengthy the auction of a specific product lasts depends on its bidders. If no new bid is put and the timer reaches "zero", the bid will end and also the last bid placer will probably be the winner on the product in opposition to which the bidding is performed.
Wednesday, December 1, 2010
Penny Auctions - Surviving The Christmas Rush In Comfort
Tis the season for locking the windows, pulling the drapes shut, lighting a fire and hiding from the cold weather thats blowing in. Despite the bitter cold, people stay in good spirits thanks to the holiday celebrations. However, theres another factor thats keeping people upbeat and thats the penny auction.
We all have different ways of entertaining ourselves when were trapped indoors and waylaid by the weather. Where people used to focus on board games and family time theyre now turning to their computers and mobile devices as a means for entertainment. With more people owning computers, shopping online has become a huge draw and a means for entertainment particular in those cold and dreary months.
Add to that the fact that you can do the bulk of holiday shopping without leaving the home and you have a recipe for a weekend without cracking the front door. Thats the mindset of many and theyre trying to top off the cake with even more cake by doing their shopping or seeking entertainment at the penny auctions.
Dont think of the value of the items when you think about what a penny auction is all about. This type of auction keeps a lot of folks on their toes, glued to the monitor, trying to be the next in line for some great big ticket items like gift cards and televisions, computers, video games and more all for far less than the items would sell at retail; fractions of a dollar really.
Even for less than they typically go for on major auction sites.
With penny auctions you can settle in during the cold season and avoid all of the traffic and congestion with a few clicks of the mouse. 2010 could possibly be the most stress-free holiday season youve had in a long time.
Its certainly setup to be one of the harshest winters that the Midwest has seen. The 2010 Farmers Almanac is predicting some serious winter weather for a good portion of the U.S. That means youll be combating some severe storms and massive snow drifts while youre out running even the simplest errands. The benefit here is that penny auctions dont have to just be about gift-giving during the holidays. You can likely find a lot of the items you need to manage the day to day around your home, saving you from those extra trips to Wal-Mart.
Just dont leap into bed with any old penny auction website. Take the time to do your homework before you launch into checking off items on your holiday wish list and making those purchases. A penny auction can be a great distraction and a fun way to tackle your shopping but they can also be a headache if you dont read the information carefully before you start bidding.
Youll want to work with a reputable penny auction site that doesnt require a massive amount of money of front in order to join. Why pay a membership fee when you can register at major sites like Exceet completely free. All you have to do is buy a small number of bids and use just a handful of bids to get major items at a fraction of the cost. If the idea of getting a new plasma flat screen at auction for just a few dollars excites you, then youre in the right place to set yourself up for a wonderful holiday season.
We all have different ways of entertaining ourselves when were trapped indoors and waylaid by the weather. Where people used to focus on board games and family time theyre now turning to their computers and mobile devices as a means for entertainment. With more people owning computers, shopping online has become a huge draw and a means for entertainment particular in those cold and dreary months.
Add to that the fact that you can do the bulk of holiday shopping without leaving the home and you have a recipe for a weekend without cracking the front door. Thats the mindset of many and theyre trying to top off the cake with even more cake by doing their shopping or seeking entertainment at the penny auctions.
Dont think of the value of the items when you think about what a penny auction is all about. This type of auction keeps a lot of folks on their toes, glued to the monitor, trying to be the next in line for some great big ticket items like gift cards and televisions, computers, video games and more all for far less than the items would sell at retail; fractions of a dollar really.
Even for less than they typically go for on major auction sites.
With penny auctions you can settle in during the cold season and avoid all of the traffic and congestion with a few clicks of the mouse. 2010 could possibly be the most stress-free holiday season youve had in a long time.
Its certainly setup to be one of the harshest winters that the Midwest has seen. The 2010 Farmers Almanac is predicting some serious winter weather for a good portion of the U.S. That means youll be combating some severe storms and massive snow drifts while youre out running even the simplest errands. The benefit here is that penny auctions dont have to just be about gift-giving during the holidays. You can likely find a lot of the items you need to manage the day to day around your home, saving you from those extra trips to Wal-Mart.
Just dont leap into bed with any old penny auction website. Take the time to do your homework before you launch into checking off items on your holiday wish list and making those purchases. A penny auction can be a great distraction and a fun way to tackle your shopping but they can also be a headache if you dont read the information carefully before you start bidding.
Youll want to work with a reputable penny auction site that doesnt require a massive amount of money of front in order to join. Why pay a membership fee when you can register at major sites like Exceet completely free. All you have to do is buy a small number of bids and use just a handful of bids to get major items at a fraction of the cost. If the idea of getting a new plasma flat screen at auction for just a few dollars excites you, then youre in the right place to set yourself up for a wonderful holiday season.
Thursday, November 25, 2010
Penny Auction - A Brief Overview
Have you recently considered taking part in a penny auction? If you are, you can take some comfort in the fact that you definitely aren't alone. Penny auctions have slowly been increasing in popularity over the past year or so, and many people swear by them as an effective way to get great deals on products that usually sell for a good bit of money.
The one thing that you have to realize about a penny auction is that it doesn't work the same way as many of the online auction sites that you might be used to. Take eBay or many of the other auction sites that you are probably familiar with currently. With them, you simply bid on the product of your choice, and if you win, you win, right?
While others have the ability to bid against you, it pretty much comes down to who wants it more. With these kinds of auctions, you are in many cases able to set a maximum bid, which is the maximum amount of money that you willing to pay for an item, and then walk away from it. When the auction is over, you come back, and you are informed of whether you were lucky enough to win, or if someone else wanted it just a little bit more, and outbid you.
A penny auction though requires a little bit of strategy, which for many people is part of the appeal. Well, that and the fact that in many cases, you can get some really exceptional deals. The bidding is done in increments, and in many cases you don't have the option of setting a maximum bid, so having a bidding strategy in place is a great idea.
Each time that you place a bid, you have to pay a penny. The penny itself is non-refundable which isn't a big deal, right? After all, it's only a penny. However, if you have a weak strategy, and are involved in an active auction, you very well could end up spending a couple of extra dollars on bids alone, which could definitely add up over time. On the flip side though, because of the way the auctions work, and the fact that many people that participate don't have any strategy, you can often get the item that you are bidding on for far less than you could get it in either a retail store, or any of the traditional auction sites that you might stumble upon online.
If you've never been involved in a penny auction before, I highly recommend that you find one, and get involved, if nothing else, for the experience. In the end, I think you will be pleasantly surprised, and could very well walk away with a great item at a fraction of the cost you would normally pay.
Check out the Best Penny Auction Online
The one thing that you have to realize about a penny auction is that it doesn't work the same way as many of the online auction sites that you might be used to. Take eBay or many of the other auction sites that you are probably familiar with currently. With them, you simply bid on the product of your choice, and if you win, you win, right?
While others have the ability to bid against you, it pretty much comes down to who wants it more. With these kinds of auctions, you are in many cases able to set a maximum bid, which is the maximum amount of money that you willing to pay for an item, and then walk away from it. When the auction is over, you come back, and you are informed of whether you were lucky enough to win, or if someone else wanted it just a little bit more, and outbid you.
A penny auction though requires a little bit of strategy, which for many people is part of the appeal. Well, that and the fact that in many cases, you can get some really exceptional deals. The bidding is done in increments, and in many cases you don't have the option of setting a maximum bid, so having a bidding strategy in place is a great idea.
Each time that you place a bid, you have to pay a penny. The penny itself is non-refundable which isn't a big deal, right? After all, it's only a penny. However, if you have a weak strategy, and are involved in an active auction, you very well could end up spending a couple of extra dollars on bids alone, which could definitely add up over time. On the flip side though, because of the way the auctions work, and the fact that many people that participate don't have any strategy, you can often get the item that you are bidding on for far less than you could get it in either a retail store, or any of the traditional auction sites that you might stumble upon online.
If you've never been involved in a penny auction before, I highly recommend that you find one, and get involved, if nothing else, for the experience. In the end, I think you will be pleasantly surprised, and could very well walk away with a great item at a fraction of the cost you would normally pay.
Check out the Best Penny Auction Online
Penny Auction Websites: Basic Tips And Winning Strategies
The idea of penny auction websites is fairly new but it's based on an old concept: a game of Brinkmanship, where each player's successive bid lowers the value of the prize, and the last player to decide to place a bid and lower the value of the prize wins that prize.
The overall goal of penny auctions is to outbid your opponent with the fewest amount of bids possible. This ensures the maximum value for your bids and leads to big savings.
Try these tips to help succeed in your next auction:
1. Define Your Goal: This is simple. Identify the product you want to win and stick with it. It's easy to get distracted by all the other great products but if you focus your bidding on 1 product at a time then you will have a higher success rate. Also, try starting with a less popular item for your first few auctions before you bid on some of the hotter ticket items. This will help you get the hang of things before trying the more competitive items.
2. Study Other Winners: It really helps to watch the people who know what they're doing at first. Try to study the main bidding strategies of the other winners and copy what works. As you participate in more and more auctions, you will begin to build your own strategic approach to the game. Just remember to find something that works and stick with it.
3. Be Determined: Do not give up when your lose. It can be easy to get discouraged or frustrated if you don't get what you want...but just remember that there is always another auction right around the corner! With a little practice, you will soon become a pro.
By building on these basic strategies, you can become a penny auction all-star today!
There are so many new Penny Auction Websites popping up that it is difficult to know where to start. Many websites offer legitimate auctions but some sites are just outright scams...
Best Penny Auction Website
The overall goal of penny auctions is to outbid your opponent with the fewest amount of bids possible. This ensures the maximum value for your bids and leads to big savings.
Try these tips to help succeed in your next auction:
1. Define Your Goal: This is simple. Identify the product you want to win and stick with it. It's easy to get distracted by all the other great products but if you focus your bidding on 1 product at a time then you will have a higher success rate. Also, try starting with a less popular item for your first few auctions before you bid on some of the hotter ticket items. This will help you get the hang of things before trying the more competitive items.
2. Study Other Winners: It really helps to watch the people who know what they're doing at first. Try to study the main bidding strategies of the other winners and copy what works. As you participate in more and more auctions, you will begin to build your own strategic approach to the game. Just remember to find something that works and stick with it.
3. Be Determined: Do not give up when your lose. It can be easy to get discouraged or frustrated if you don't get what you want...but just remember that there is always another auction right around the corner! With a little practice, you will soon become a pro.
By building on these basic strategies, you can become a penny auction all-star today!
There are so many new Penny Auction Websites popping up that it is difficult to know where to start. Many websites offer legitimate auctions but some sites are just outright scams...
Best Penny Auction Website
Penny Auction Sites - What Should You Know?
It seems that penny auction sites are for the most part popping up all over the place these days. With the popularity of penny auctions increasing with each second, hour, and day that passes, I think it's safe to assume that they are here to stay. This is something that we should all be excited about, as these auctions not only provide an opportunity to get some great items, but they are also very fun to participate in.
I guess the big question is, are all auctions created equal? Of course the answer to that question, is no. Just like with anything else, some sites are better than others, so it's important that you do a bit of home work before you decide on a penny site. Below you will find a few things to pay attention to.
1. Make sure to read the rules - Each one of the penny auction sites is for the most part owned, operated, and run by a different person, so it makes sense to assume that they have different rules. Understanding the rules is especially important if you have not participated in these kind of auctions before.
2. Read others experiences - In this day and age, you are able to find good reviews on just about anything. Everyone has a blog, Twitter, or Facebook account, and they often times use them to tell of their experiences with different sites and services online. So, if you search for the site that you are considering using, there is a good chance that you will get some feedback, either positive or negative.
3. Look at ended auctions - One of the first things that I like to do, is to study the results of some auctions that have already ended. This gives me a good idea for how much the items that I'm interested in might sell for, and whether it is in my price range or not. In most cases, an item won't sell for the exact same price twice, you can usually get a good idea of what a fair price is by looking at past auctions.
It's important to remember that there are quite a few penny auction sites out there for you to choose from, so you can afford to be a little picky. By making yourself familiar with the rules, other peoples experiences, and the average selling prices of items, you will for the most part be ensuring yourself the best experience possible.
Participating in penny auctions is supposed to be either a form of entertainment, a way to get a great deal, or for some people both. So, by doing your homework, and making sure that you are comfortable with the way the penny auction sites work, you will be giving yourself the best possible chance for a positive experience.
I guess the big question is, are all auctions created equal? Of course the answer to that question, is no. Just like with anything else, some sites are better than others, so it's important that you do a bit of home work before you decide on a penny site. Below you will find a few things to pay attention to.
1. Make sure to read the rules - Each one of the penny auction sites is for the most part owned, operated, and run by a different person, so it makes sense to assume that they have different rules. Understanding the rules is especially important if you have not participated in these kind of auctions before.
2. Read others experiences - In this day and age, you are able to find good reviews on just about anything. Everyone has a blog, Twitter, or Facebook account, and they often times use them to tell of their experiences with different sites and services online. So, if you search for the site that you are considering using, there is a good chance that you will get some feedback, either positive or negative.
3. Look at ended auctions - One of the first things that I like to do, is to study the results of some auctions that have already ended. This gives me a good idea for how much the items that I'm interested in might sell for, and whether it is in my price range or not. In most cases, an item won't sell for the exact same price twice, you can usually get a good idea of what a fair price is by looking at past auctions.
It's important to remember that there are quite a few penny auction sites out there for you to choose from, so you can afford to be a little picky. By making yourself familiar with the rules, other peoples experiences, and the average selling prices of items, you will for the most part be ensuring yourself the best experience possible.
Participating in penny auctions is supposed to be either a form of entertainment, a way to get a great deal, or for some people both. So, by doing your homework, and making sure that you are comfortable with the way the penny auction sites work, you will be giving yourself the best possible chance for a positive experience.
Tuesday, November 23, 2010
Penny Auction Secrets - How to Win iPads and Laptops for Nothing!
Penny auctions have quickly become one of the hottest trends, as people are becoming addicted to winning high-value, desirable products for virtually nothing. You'll often find winners of iPads, laptops, and other consumer electronics who paid under $15 for something that would normally cost several thousand dollars. And everything is brand new!
Take an Apple Macbook Pro. This is one of the most popular laptops on the market that can cost over a $1,000, yet hundreds of people are obtaining these for $12.97 or less on penny auction sites. How are they doing it?
There are certainly strategies to win penny auction items. As they become more and more popular, more and more people are on these sites competing with you. But you can outsmart the 95% of auction players and members who have no strategy at all.
One of the best strategies if you are highly interested in obtaining a product for virtually nothing, is to bid on products where the auction expires in the middle of the night. In most cases, there is very little activity on any one item until the last minute of the auction. That is when the frenzy begins.
But if you have a strategy, such as bidding on items that end at a time when no one else is bidding on them, you stand a good chance of winning that item for pennies on the dollar.
Penny auctions are an exciting way to shop and purchase items that you may not normally spend the money to buy. A new plasma screen TV, laptops, high-end cameras and video recorders all can be obtained for just a few dollars, while enjoying a thrilling experience.
Take an Apple Macbook Pro. This is one of the most popular laptops on the market that can cost over a $1,000, yet hundreds of people are obtaining these for $12.97 or less on penny auction sites. How are they doing it?
There are certainly strategies to win penny auction items. As they become more and more popular, more and more people are on these sites competing with you. But you can outsmart the 95% of auction players and members who have no strategy at all.
One of the best strategies if you are highly interested in obtaining a product for virtually nothing, is to bid on products where the auction expires in the middle of the night. In most cases, there is very little activity on any one item until the last minute of the auction. That is when the frenzy begins.
But if you have a strategy, such as bidding on items that end at a time when no one else is bidding on them, you stand a good chance of winning that item for pennies on the dollar.
Penny auctions are an exciting way to shop and purchase items that you may not normally spend the money to buy. A new plasma screen TV, laptops, high-end cameras and video recorders all can be obtained for just a few dollars, while enjoying a thrilling experience.
Successful Strategies for Winning at Penny Auctions - Some Tips and Tricks
Most penny auction newbies make the exact same mistakes. Here is a guide to teach you valuable tips that the pros use to win brand new products from penny auction sites like Swoopo, Bid Rodeo, and GalaxyBids.com.
1. Do your research. FIRST AND FOREMOST - Make sure the site is legit. Check to see if it has site security regulations in place (ie. it has a valid SSL certificate that matches the web site's address). Site's with a valid SSL certificate are committed to keeping your personal information secure, and have been verified by the certificate's issuer as to whether it is a legit business. Do your research to determine if your information is being kept private and secure, and that "winners" actually exist.
The best thing to do, when starting out, is to choose one or two sites to follow. You should check in on them regularly. You can click on the auction item and get a whole page with the bidding history, and other valuable information. Many people stay on the main page, and miss out on this important info. The purpose in doing this is to become an expert on that site. In doing this, you can get a feel for who the users are, what their bidding style is like, and so forth. You also get a good idea of what types of auctions are usually up for sale, and how much they tend to sell for. This information will prove valuable for you when you are ready to get in the action!
2. Get your free bids. Most of these sites offer many chances to receive free bids. Usually just signing up will net you free bids, along with referring friends, signing up for newsletters, following them on Facebook. Twitter, etc. Stock up on these bids, because they are out there for the taking!
3. Purchase bids within your own limits. You have to decide for yourself what it is worth to you to be the auction winner. Depending on what your bidding strategy is, you decide how much you are willing to spend. If you are after one of the bigger name items, and there are many people bidding on it, you will most likely need to invest some cash to insure your chances. Keep in mind that others want it badly too, and they are willing to pay. If you want the smaller items, with less competition, that is an entire strategy in itself, and will end up costing you less $$ in the long run.
4. Choose a good day of the week and time of day. Bid when others are at work, sleeping, watching a top rated tv event, etc., on a day of the week where people are likely doing something else rather than sitting at their computer.
5. Pick your strategy. Now that you are armed and ready, here are some strategies that the pros use. Now keep in mind, you may have to adapt your strategy according to the users who you are bidding against. Once you've done your research, and can get an idea of what strategy your competition is using, USE IT AGAINST THEM!
**Remember: Big ticket items (ie. TVs, computers, iPods, etc.) will have more people bidding on them. Smaller ticket items (gift cards, perfume, etc.) will have less people bidding on them. Always keep in mind how many people you are bidding against.**
Here are some strategies to consider:
Bid late (but not too late): DON'T waste your bids by bidding too early. Most people wait until the last 10 seconds of the auction, and that's when the action starts! DO place ONE bid if there are currently no other bids on that item. It is better to be safe than sorry, if for some reason no one else bids on that item! DON'T wait until the last 1 or 2 seconds. A common problem with the internet in general is lag time. If you wait until the last 1 or 2 seconds you risk your bid not being counted, as there can be delay between the time you "click" the button, the signal gets sent to the server, the server does its calculations, and the signal is returned to your computer. Many auctions are lost by waiting too long. DO wait as long as you are comfortable (without risking the delay). If other users are "duking it out" let them waste their bids, and then jump in once the others have run out of bids.
Use the Bid Butler to your advantage. Watch the auction's history to see who is using their bid butler. If 2 bidders are "duking it out" with bid butlers, let them use up their bids. You must watch, though, to see when they are used up, and then jump in. If you want to use your bid butler, you can scare other people off by placing one. If they see their bids are constantly being matched by a bid butler, you may convince them to give up. Set your bid butler to an odd number. Most people set it in round numbers, and then forget about them. If you watch for this, you may be able to win the auction by bidding once their bid butler has finished.
Try Auction Sniping. As the price increases, naturally it attracts less bidders. When this happens, you can win with potentially a few bids. The end price could be higher than normal, but it will require fewer bids to win. This is where your earlier research will come in handy. If you've kept track of the people bidding on this item, and you have an idea of how much it usually sells for, you can have a good idea of when a good time may be to jump in.
Build Your Reputation. (Please do this responsibly though - within YOUR limits.) This strategy may cost some bigger $ in the beginning, but long term could net you lots of wins. Take on a win at all costs strategy. This can take shape in the form of using a powerful username (like "relentless" or "powerplayer"). This in itself will scare away a few bidders. When you bid, bid like you have a 1000 bids (even if you don't). As soon as you're outbid, hit the bid button. Repeat, repeat, repeat. Eventually, the competition will dwindle, and they'll probably move on to another auction, leaving you to win the auction! Alternatively, invest in getting as many bids as you can, and win at all costs, on as many auctions as you can. Your username will be listed in "winners" or "ended auctions" category repeatedly, and others will be afraid to bid against you if they know that you are a born winner. Eventually, know one will want to bid against you.
1. Do your research. FIRST AND FOREMOST - Make sure the site is legit. Check to see if it has site security regulations in place (ie. it has a valid SSL certificate that matches the web site's address). Site's with a valid SSL certificate are committed to keeping your personal information secure, and have been verified by the certificate's issuer as to whether it is a legit business. Do your research to determine if your information is being kept private and secure, and that "winners" actually exist.
The best thing to do, when starting out, is to choose one or two sites to follow. You should check in on them regularly. You can click on the auction item and get a whole page with the bidding history, and other valuable information. Many people stay on the main page, and miss out on this important info. The purpose in doing this is to become an expert on that site. In doing this, you can get a feel for who the users are, what their bidding style is like, and so forth. You also get a good idea of what types of auctions are usually up for sale, and how much they tend to sell for. This information will prove valuable for you when you are ready to get in the action!
2. Get your free bids. Most of these sites offer many chances to receive free bids. Usually just signing up will net you free bids, along with referring friends, signing up for newsletters, following them on Facebook. Twitter, etc. Stock up on these bids, because they are out there for the taking!
3. Purchase bids within your own limits. You have to decide for yourself what it is worth to you to be the auction winner. Depending on what your bidding strategy is, you decide how much you are willing to spend. If you are after one of the bigger name items, and there are many people bidding on it, you will most likely need to invest some cash to insure your chances. Keep in mind that others want it badly too, and they are willing to pay. If you want the smaller items, with less competition, that is an entire strategy in itself, and will end up costing you less $$ in the long run.
4. Choose a good day of the week and time of day. Bid when others are at work, sleeping, watching a top rated tv event, etc., on a day of the week where people are likely doing something else rather than sitting at their computer.
5. Pick your strategy. Now that you are armed and ready, here are some strategies that the pros use. Now keep in mind, you may have to adapt your strategy according to the users who you are bidding against. Once you've done your research, and can get an idea of what strategy your competition is using, USE IT AGAINST THEM!
**Remember: Big ticket items (ie. TVs, computers, iPods, etc.) will have more people bidding on them. Smaller ticket items (gift cards, perfume, etc.) will have less people bidding on them. Always keep in mind how many people you are bidding against.**
Here are some strategies to consider:
Bid late (but not too late): DON'T waste your bids by bidding too early. Most people wait until the last 10 seconds of the auction, and that's when the action starts! DO place ONE bid if there are currently no other bids on that item. It is better to be safe than sorry, if for some reason no one else bids on that item! DON'T wait until the last 1 or 2 seconds. A common problem with the internet in general is lag time. If you wait until the last 1 or 2 seconds you risk your bid not being counted, as there can be delay between the time you "click" the button, the signal gets sent to the server, the server does its calculations, and the signal is returned to your computer. Many auctions are lost by waiting too long. DO wait as long as you are comfortable (without risking the delay). If other users are "duking it out" let them waste their bids, and then jump in once the others have run out of bids.
Use the Bid Butler to your advantage. Watch the auction's history to see who is using their bid butler. If 2 bidders are "duking it out" with bid butlers, let them use up their bids. You must watch, though, to see when they are used up, and then jump in. If you want to use your bid butler, you can scare other people off by placing one. If they see their bids are constantly being matched by a bid butler, you may convince them to give up. Set your bid butler to an odd number. Most people set it in round numbers, and then forget about them. If you watch for this, you may be able to win the auction by bidding once their bid butler has finished.
Try Auction Sniping. As the price increases, naturally it attracts less bidders. When this happens, you can win with potentially a few bids. The end price could be higher than normal, but it will require fewer bids to win. This is where your earlier research will come in handy. If you've kept track of the people bidding on this item, and you have an idea of how much it usually sells for, you can have a good idea of when a good time may be to jump in.
Build Your Reputation. (Please do this responsibly though - within YOUR limits.) This strategy may cost some bigger $ in the beginning, but long term could net you lots of wins. Take on a win at all costs strategy. This can take shape in the form of using a powerful username (like "relentless" or "powerplayer"). This in itself will scare away a few bidders. When you bid, bid like you have a 1000 bids (even if you don't). As soon as you're outbid, hit the bid button. Repeat, repeat, repeat. Eventually, the competition will dwindle, and they'll probably move on to another auction, leaving you to win the auction! Alternatively, invest in getting as many bids as you can, and win at all costs, on as many auctions as you can. Your username will be listed in "winners" or "ended auctions" category repeatedly, and others will be afraid to bid against you if they know that you are a born winner. Eventually, know one will want to bid against you.
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