How To Win Penny Auctions

If you are considering shopping on live auctions

, then here are some tips that will surely help you in this kind of endeavor.

The first thing you need to do is to go to the auction 30 minutes prior to the starting time, so that you will have the chance to preview some of the items. Bring a pen and a paper with you so you can write down the items that you are interested in including the maximum bid amounts that you can give to each item.

If it is your first time attending live auction, and you still do not have any idea how it works, then you can have a head start just by observing the activities, you will be able to learn how each item are sold just be mere looking.

If you are not sure whether certain items will be lotted, you can always ask someone from the auction team. Avoid bidding on something that you were not able to preview and inspected.

It is not always right to wait for the auctioneer to hit rock bottom before you make your bid. It is better sometimes but not all of the time. If you start bidding on the item at fair price, you can get the item in a single bid.

When you do this strategy, the auctioneer will like you since you are a quick bidder, and you can throw the rest of the crowd off when you do this. You can intimidate other bidders and they will think of you as a power bidder, you will be able stop the competition right away.

Not all bidders can be intimidated by this kind of strategy, though, someone who will notice that you do this lots of times may jack the bid on you, or just make bid for the sake of making you pay much higher.

Everyone experience getting jacked sometimes but there are some techniques that you can to avoid it. For one thing, you can try using many different styles in bidding as much as possible, so that competitors will not determine when you are going to bow out.

Auction is just like any business that you need to study and to master to get excellent in the game. When you attend live auctions make sure that you keep your cool and bid only on the items and the maximum amount that you have planned.

by: alona Rudnitsky

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