10 biddings tips to win auctions and save money

1. Don’t wait until the last minute to register

We highly recommend that you DO NOT wait until the last minute to register to bid. The registration process can take several minutes. If you enter as a new bidder your account is put into a pending status and you have to be manually approved. If you attempt to register and place a bid within 5 minutes of the closing of an item you may lose out on the chance to bid. We recommend that you register at least 24 hours prior to the Auction start time. While you may wait to place your bid at a later time, by registering in advance, you can feel rest assured that we have time to approve the new account and that will give you time to make sure that you understand the bidding application.

2. Browse the item that you want to bid on Before Diving-in Head First

Almost every online auction lets you view the merchandise database before the auction starts. You should take advantage of this information to research the items you plan to buy.

Learn the approximate value of the item you plan to bid on. Find similar items on eBay (or on other online marketplaces such as Amazon.com), and see what price they are sold for. Keep its real value in mind as you bid.

Also, familiarize yourself with any aspects of the item that might affect your purchasing decision. Unlike an in-person auction, an online auction gives you plenty of time to research the items from the comfort of your own home.

3. Don’t bid too high, too early.

While we just said that intentionally bidding low in an auction is a no-no, bidding your absolute maximum right off the bat is a bad idea, too. For one thing, it gives away too much information regarding how badly you want an item. For another, if someone else uses this information (along with information from other bidders’ bids) to figure out and place a maximum bid that will beat yours, then you’re stuck.

A better strategy is to simply wait to bid until late in the auction, or do a bit of “bid nibbling.” This involves placing incrementally higher maximum bids throughout the auction and seeing how other bidders respond to them, such as how often they place new maximum bids and how much they bid above the current highest bid.

Commit to a maximum bid at the start in your mind, and make sure you stick to it throughout the auction. Slowly raise your price, but don’t go above that highest maximum bid at any time, and don’t show all your cards at once by revealing exactly what that maximum is.

4. Commit to a maximum price you want to pay

It’s important to decide how much you are willing to spend on the item you have an interest in and set a limit before you register to bid in the auction. This allows you to know your limits and proceed with bidding in the auction without having to do any guesswork. Hesitation is a significant mistake people make during an online auction. Having a clear idea of your budget can definitely be a game-changer.

The most effective strategy to consistently win online auctions is to bid the absolute maximum you are willing to pay, and let our sniper system submit your bid in the final seconds, and the proxy bidding system raise your bid to the necessary level. This ‘set it and forget it’ sniper service is less stressful, and is key to winning more auctions.

5. Value your bid wisely

Consider additional costs as Buyer’s Premium and tax in your expenses. These are usually paid by the buyer and are in addition to your winning bid amount.

6. Turn on outbidding real-time notifications

If you really want to win a particular item, Auction & Sale allows you to receive notifications that someone outbid you in real-time, rather than taking their time to let you know. To turn these on: Click „My Account” in the top-right corner of any screen on auctionandsale.com. Then on the left, click „Account details.”

Make sure all notifications are set to “Active”.

7. Be Prepared to Act Fast

Another common stereotype about auctions is that they move fast – and that’s true! Probably the single most intimidating aspect about auctions, online or otherwise, is the flurry of quick bids.

Although most auctions last a few hours, the time spent bidding on certain items can fly by in as fast as 30 seconds. Use the auction catalog to learn the order the items will be presented, so you’re ready to bid when the item you want is up for sale.

8. Set a Budget – and Stick to It

Auctions are fast and fun. Whether you’re new to the world of online auctions, or you’re an experienced participant, it’s easy to get caught up in the excitement and spend more than you should.

Set a budget beforehand. Set a limit on any specific items you’re planning to bid on. If you’re not careful, you can accidentally spend more on an item than it costs in the store!

9. Being Proactive Throughout the Online Auction

Simply being diligent about checking up on your bids throughout the auction time and matching your bids with that of your competitors is a strong strategy in itself. Many bidders get frustrated when they lose out on an item because someone else bid $5 more at the dying minutes of the sale. Being proactive and checking in can also help you learn the other participant’s bidding patterns.

Insider Tip: Don’t always default to the minimum bid increment – If there is value there, bidding two or three steps ahead will keep your competitors guessing and keep you in control.

10. Timing Your Bids

Knowing the right time to jump in on an online auction can be tricky. Should you secure your bid early on? Or swoop in as the high bidder at the last minute? More often than not, timed auctions that close on evenings and weekends have more people bidding against each other. Keep an eye out for timed online auctions that close either at night or early in the morning, such as our weekly liquidation auctions! The fewer engaged bidders there are during the closing of an online auction, the greater the odds are that you’ll be the highest bidder and pay comparatively less for an item.

Wrapping Up

It’s a learning process. The best part is that you aren’t bound to the strategies laid out above – Once you’re comfortable, you can start creating your own strategy and see what works best for you. You never know, you might create something that no other player would have thought of.

It’s common for most people who are new to the online auction world to lose out on an item the first time they participate. However, don’t let that discourage you. With the tips mentioned above and a little bit of practice, you can surely improve your rate of success.

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