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If you have been involved in pay per bid auction sites, then it is likely that you have lost some money somewhere along the line. Sure, you might have won the odd auction, but the savings have not been close to what you initially expected, simply because you had to pay for the bids in the first place. This is extremely common and is one of the reasons that a lot of people actually give up with these auction sites. Here are a few things that you can do in order to ensure that you are an overall winner in the long run. #1 Pick the right site How did you pick the auction site that you are currently using? Did you simply do a quick online search and pick the first site that appeared? This is what a lot of people do. A site doesn't get to the top of search results because it is the best, which is unfortunate. For this reason, you need to do your own research and determine which site is best for you. One of the main things is to ensure that the site is in your country and operates in your home currency. Does the website have information relating to the company, how long it has been running and so on? Can you find some reviews on the internet related to this company? #2 Take your time Remember that there is no rush when it comes to these websites. There are auctions that are finishing today, tomorrow and even one year from now. There will always be another auction and for that reason, just take your time. It will take time to get familiar with exactly how this website works. The thing is, you really do want to get as familiar as possible with the website, which will allow you to ensure that you don't make any costly mistakes. You really don't want to pay for a bid that you have made by accident, as this is a sure fire way to waste all of your bid credits. #3 One product at a time So, you see two or three products that you are interested in and you want to bid on them all? Stop! What you need to do is focus on just one product at a time to begin with, this will give you the best possible chance of winning. You want to gain as much information as you can with each bid that you make. If you bid on 2-3 auctions, you might not have enough credits to execute your strategy in order to win. This means you could have won one item but instead, you end up missing out on three. #4 Log information This is something that is not simple, but in fact, extremely complex. You need to log as much information as possible as you go along. Did something work? Write it down! Did something that you did not work? Write it down! Over time, this will be the basis for your plan or overall bidding strategy, which you can continuously adapt as your bidding style evolves. Unique bid auctions are a popular sub type of pay per bid auction. As the name suggests it's the lowest and unique bid amount that wins each auction.
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