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The world, as a generalisation, has been in recession for a couple of years now. That being said, most people didn't know that the online shopping industry has been continuing to grow, year on year. There is a simple reason why this is happening; because people can find what they want, at the prices that they want from the comfort of their own home. There are plenty of places to find these items, including e-commerce stores, daily deal websites and unique bidding auction sites. Sound confusing! For those people that have not yet used unique bid auction sites before, they might look incredibly confusing. The reality is; after a few minutes online, everything quickly becomes clear. Bidders need to bid based on what they think will be the lowest bid, that no other bidder will choose. If they manage to do this, they will win brand new items, at a fraction of their normal retail price. Delivery on items will often be free and items are delivered to the individual within the space of 14 days, although this does vary depending on several factors. How much can be saved? The item cost will vary depending on the individual auction, how many people are bidding, but also the item value and the cost per bid. These auction sites have no interest on the end price of the item, which is where people can really save some cash. For instance, on one of the leading unique bidding auction sites, an 8GB iPhone, sold for under one pound. This represents a saving that goes into the hundreds, and this is not a one off; items regularly sell below a couple of pounds, even when they are worth hundreds or thousands! So, how do I win? Winning lowest unique bid auctions is all about tactics. The bidder will need to purchase bid credits in order to place a bid. Each bid credit will cost the user money. Some auctions might require one bid credit, per bid. Other auctions might cost 10-20 bid credits, per bid. The overall bid cost, will depend on the value of the overall item. For instance, an item worth around £100 might be £0.25-£0.50 per bid, where as a £500 item, is likely to be around £3-4 per bid. Bidders need to send out a range of realistic bids and pick the value that is the lowest unique value, in order to win the item. What happens when I win? This is not a cheap raffle and the prizes are not chocolates and wine! The great thing is, once an individual wins an auction, they have a range of options to choose from. They can pay the price of the auction and the item will be delivered to them. Alternatively, they can sometimes exchange the item for the cash, or even convert it into more credits, so that they have a chance of saving even more cash on items listed in the future. The options for people on these websites are never ending and there are always plenty of opportunities to save money, on a daily basis. Unique bid auction sites are starting to offer valuable new features. These include such things as risk free bidding features and free practice auctions.
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