How do I win more auctions?
As we’ve researched and examined thousands of auctions that have been conducted on QuiBids, we’ve learned several things that can increase a person’s chance of winning an auction. A few things we’ve learned are:
The QuiBids customers who win the most auctions are those who spend the most in their pursuit of winning.
“How are they able to confidently spend so many bids?” most people ask when they learn this truth. “Isn’t it possible that they will just lose all that money?” The answer to this question is actually really straightforward and also related to the second thing we’ve learned about winning an auction, so we’ll spell it all out together:
QuiBids users who are more willing and prepared to exercise the “Buy Now” feature are the ones who have the most success.
The most successful QuiBids users are those who carefully choose products they’re willing to pay full retail price for. Then, when it comes time to bid — they go the distance. Their willingness to do this increases their odds of actually winning the item. It’s very difficult to out-bid a user who’s decidedly willing to pay full retail price for a certain item.
Less successful QuiBids users are the ones who set unrealistic goals and remain unwilling to bid more than a small fraction of the actual retail cost of an item.
The “Buy Now” essentially acts like a safety net to prevent you from having to pay anything more than retail price on any given item. When you approach an auction in this manner – as potentially discounted shopping instead of a game of cards – all the risk of loss disappears.
Many customers don’t ever consider using the “Buy Now” feature. They’re the ones trying to win a $1500 laptop for $20. While such a haul is possible (we do stress that it is), it’s highly unlikely. This is an unrealistic expectation many customers entertain. We encourage everyone to set a realistic expectation of how much time and financial investment is necessary to win a big ticket item.