What are the three biggest mistakes new pay per bid auction visitors make?
May 30th, 2010
It happens all the time. A new visitor comes along a pay per bid auction site and either assumes it runs much like eBay or they see the incredibly low prices and thinks “this looks easy. I can win a new Wii for only a few dollars.” And sure as night follows day they lose and blame the site. They may slate them off in the odd forum, write an unpleasant email or two demanding compensation, join the “pay per bid sites are gambling” and should be regulated bandwagon. It’s totally unfortunate and unnecessary. The site loses a customer and the customer leaves completely unhappy, never to return. It’s a losing scenario for everyone that happens all too often.
The three things that new visitors should do to ensure this doesn’t happen…
Understand the auction model and site
Pay per bid auctions are not like eBay. Some have timers some don’t. Some have reset timers, like the going, going…gone style of normal auctions, some don’t. Some are countdown while others are reverse style. But all these pay per bid auctions have one thing in common: they ALL charge you to make a bid. Begginers need to understand that the massive discounts being offered are the result of each bidder contributing a small amount to the auction pot, while there is only one winner.
Manage your expectations
Too many new visitors think that they can join an auction site for the first time and with the minimum amount of bids, win a great product on their first auction for a fraction of it’s price. While this does happen it’s pretty rare. Every pay per bid auction involves skill and has a unique strategies that help bidders win. The more prepared and experienced the more success you’ll tend to have. It’s like anything that involves skill…the more you practise the better you get.
Jumping straight in
Pay per bid auctions are very simple and it is tempting to want to get right in and bid straight away. But although they are simple to understand they take practice to master. Beginners will have to compete against experienced bidders with tried and tested strategies. Do you know what the item your bidding on generally sells for on the auction style your bidding? The best thing you can do is watch your first few auctions and maybe paper bid. In other words, bid in your mind or on paper to see how you would’ve done. We have provided a few Tips and Tactics for you to get you stated in the F&Q.
Conclusion
At Exceet we want our customers to have a great time…and of course be big winners. This can only happen when you understand what our auctions and site is all about, you have realistic expectations and you take your time to learn before bidding. We want to keep you as a customer, coming back again and again…and that can only happen when you’re happy. So we’ll do everything in our power to make sure you are aware of everything you need to be to have a great auction experience.
Categories: Buyer Auctions, Lowest Unique Bid Auctions, Penny Auctions, Reveal the Price Auctions, Zero Price Auctions
