| I always join online bidding but I never get | | | | been waiting for. |
| to win anything at all. So I was wondering | | | | |
| maybe there is a technique in doing this. | | | | - Jump Bidding |
| Then I decided to research on how to win an | | | | |
| auction. It's where I learned that there are | | | | In jump bidding, the bidder tries to frighten |
| a lot ways to win one. Let me share the new | | | | the opposing bidder. How does this work? It's |
| knowledge I gained so far. So here it goes. | | | | done by offering a much higher bid. For |
| | | | example, the original price is at $30, and |
| - First you've got to know the auctions | | | | then the bidding goes up only about $5 each |
| | | | bid. What you can do is to jump from a $5 bid |
| Before you even start bidding, the first | | | | to a much, much higher bid like 40 dollars |
| thing to do is to attend as many auctions as | | | | higher. This can scare off your opponent but |
| you can and observe how things go. Check and | | | | it can also backfire at you. It's either the |
| compare the quoted price to the actual price | | | | opponent makes his own jump bid or it may |
| of the item. And always add at least 10 | | | | cause a panic to the opponent assuming the |
| percent to the quoted price. Most especially | | | | item must be worth spending more money on. |
| if the item is rare and not sold in other | | | | |
| markets. | | | | - Holding Back |
| | | | |
| - Then, get set to buy | | | | Holding back intends to hold back his bid at |
| | | | the last minute just when the auctioneer is |
| Before the bidding or the auctions starts, | | | | about to bring the hammer down. The sense |
| make sure you organize your finance first. | | | | behind this technique is to wait for all the |
| Make sure that your solicitor checks the sale | | | | bidders to exhaust all their money then jump |
| contract. Check the condition of the item you | | | | in at the last second. This can actually |
| are about to buy. Make a research on the | | | | work, but of course this can also have a |
| place or the item that you are willing to | | | | negative effect. Such as causing a last |
| spend money on, check if it's all worth | | | | minute bidding craze, making the winner pay |
| buying. | | | | more than what is intended. |
| | | | |
| - Beware of the dummy bidders | | | | - Throw Bidding |
| | | | |
| Most of the bidders are dummy bidders; they | | | | In this technique, what the bidder does is to |
| are used to push the auction prices up. Try | | | | disrupt the flow of bidding. Even the |
| to identify who the true bidders are. This is | | | | auctioneer will be caught off guard. This can |
| the best tool that auctioneers sometimes use | | | | cause a hindrance to the flow of bids, making |
| to get more money out of you. The dummy | | | | the other bidders confused. For example, if |
| bidders will start bidding and even bid | | | | they are bidding in hundreds then you can bid |
| against you so that you will try to bid | | | | in other odd amount like $649 which can be |
| higher. If they have reached the satisfied | | | | off-putting to other bidders. |
| amount they will stop bidding, so that you | | | | |
| will win the auction, without you knowing | | | | - After the Auction Vultures |
| that you have been played. | | | | |
| | | | Basically, this is when the item was not sold |
| - Bid only up to your Limit, do not over bid | | | | either because no one bid on it or no one |
| | | | reached the reserved price. After the |
| Right even before the auction starts, you | | | | auction, a potential buyer can make a lower |
| must decide on your maximum bid. Meaning set | | | | offer for the item. |
| a maximum amount you are willing to spend. | | | | |
| Having a bidding limit is the most powerful | | | | You must be wondering where you would apply |
| and strongest tool in auction success. Do not | | | | this knowledge. Like I said before I enjoy |
| over bid; this is where your knowledge about | | | | joining some online auctions, like EBay, and |
| the item being sold comes in. If you think | | | | some travel auctions. Since I love to travel |
| that it is over the limit of the actual | | | | a lot, I started looking for some packages |
| price, then stop bidding. It's not at all | | | | and deal sites where I can spend less money |
| worth winning an over-priced item. Make sure | | | | while enjoying a truly beautiful and elegant |
| that you bid firmly and confidently so your | | | | vacation. |
| opponent gets an impression that they will | | | | |
| never win the auction. Try to slow down the | | | | For things that are rare, or if I wanted to |
| bidding by bidding in smaller amounts, then | | | | get something for a cheaper price, I check |
| later on bid higher. But once you hit your | | | | eBay for some materials or items that I need. |
| limit, better stop bidding. | | | | But for traveling, I learned about this |
| | | | auction site where I can start bidding for |
| - Lastly, do not forget the 4th rule | | | | only $1 for a vacation or luxury trip that I |
| | | | want. They even have a lot of options to |
| Never ever break the 4th rule of bidding. For | | | | choose from. Where in the world would you get |
| some buyers, a chance of getting a good item | | | | a luxurious vacation that may only cost you |
| is bidding in a good price. But whatever | | | | less money than the actual price of the trip? |
| happens, stick to your bidding limit! | | | | With the helpful tips that I got now, I hope |
| | | | I'll be able to win one of the beautiful |
| That's the basic knowledge we know about | | | | vacation trips that I've been dreaming of. |
| bidding. Now, here are the secrets you've all | | | | |