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We all love the various bidding sites available online. They are the Holy Grail of finding cheap, weird and wonderful products. In fact, some of the things we find on these sites, we never even knew existed before. Of course, that is one of the many great benefits of the internet. It has opened doors that we didn't even know were there. Bidding sites have increased in popularity over the last few years and it is easy to see why, there are so many different options. Here are 4 things you should know. It's easy to overspend. Don't get caught up in the moment when it comes to online bidding sites. More and more people are feeling that they are not really getting the bargain that they first expected to. And who is to blame? The website? No! The seller? No! It is usually the bidder. They set a budget initially and before long, they see the price smash through their budget. Do they stop bidding? No! Instead, they carry on bidding, to levels that are well beyond what they consider to be a bargain. Avoid bidding wars wherever possible, as they don't very often make for a happy purchase. There are options. You don't just have to choose one of the standard bidding sites, there are lots of other options to consider. There are reverse auctions and even police auctions. Lowest unique bid auction websites are actually one of the most popular nowadays. Instead of just bidding with the highest bid, buyers need a different tactic. They pay for individual bids and the aim is to get the lowest unique bid. If they achieve this, they are going to win and get an item for a tiny fraction of the normal retail price. There is always another auction. We all get that feeling, that this is a once in a lifetime auction. It might be the new iPad on lowest unique bidding sites, or an antique clock on a buy it now auction. There will always be another auction similar. If it seems overpriced, or you have to get a bank loan to pay for the auction, stop yourself. If you start bidding like this, then you won't be saving any money, but you will certainly be wasting it. This links into bidding wars and overspending. The majority of people on these auction sites are doing it, or have done it at some time in the past. Stick to a strategy. Some bidding sites are much more strategic than others. For instance, traditional auctions are simple. Just place a bid, if you get outbid, bid again. Lowest unique bidding auctions are a lot more complex. You could bid once and win the auction. On the other hand, you could 100 times and win nothing. You need to place the lowest unique bid and not the highest bid. If you have strategies stick to them. You modify it with things that you think will help you over time. This will help you save as much money as possible. It's also worth pointing out that many of the better pay per bid auctions now feature buy buttons so you can place bids without the risk of loosing. Online bidding sites continue to grow in popularity thanks to new innovative formats such as unique bid auctions which are great fun and allow shoppers to pick up amazing discounts.
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