subject: Avoid Bidding Blindly by Using a Solid Beezid Strategy [print this page] Avoid Bidding Blindly by Using a Solid Beezid Strategy
If you quickly browse through the various popular Internet marketing forums such as Warrior and Digitalpoint, you will find threads where there is intense debate on the most solid Beezid strategy to guarantee success. Some Internet "gurus" have even branded all penny auction sites as scams. Unfortunately, most people bidding on penny auction sites do so without a strategy. They leap in and when their fingers get burnt as they should they begin complaining and discouraging others based on their "wide experience".
Before coming up with a solid Beezid strategy, you need to understand how penny auction sites operate. The fact of the matter is that everyone who bids pays to do so. At the end of the auction only one bidder will emerge as the winner. The other bidders will have lost the amount they spend in order to bid. The basic premise is that everyone contributes towards paying the cost of the item so that one bidder will eventually get a huge bargain. A solid Beezid strategy aims at making sure that you are this individual over and over again. Your bidding fee is akin to the entrance fee to a high stakes game of chance. Just like a game of poker where you must have some initial cash or other items of value in order to play.
Like in all games of this nature, the key to success lies in outsmarting your opponent other bidders. There is no hard fast formula otherwise everyone would use it. However, a successful strategy hinges on being able to correctly read the patterns and interpret other statistics better than your opponents. Any experienced poker player can confirm to you that every player on a table has a "tell" a dead giveaway that he is either bluffing or is about to bankrupt everyone. The most experienced poke players are able to study their opponents unconscious body language and decipher the "tell". Once they are able to "read" their opponents, the reliance on chance reduces greatly. This gives them a better chance of winning because they can use this information either to win or minimize their losses. For you to be successful at Beezid and other similar sites, you must employ a similar strategy. You must study how other bidders bid, what they bid on, when they stop bidding and so on. You must track this data everyday over a period of a few months in order to come up with useful intelligence to formulate a solid Beezid strategy.
Unfortunately, the process will take an inordinate amount of time and you will need to collect large volumes of data and record it on an excel sheet for later use. You must also track the data 24 hours a day. Clearly, this is highly impractical even absurd. Luckily, there exists a software application that automates this entire process. This application "sifts" through the Beezid website; collects real time and historical data and, collates this data for you in an easy to use manner. You literally have a bird's eye view of the site. With this data it becomes very easy to decide on your next move. Thus, the best way to avoid bidding blindly is to use this software application to formulate your Beezid strategy.
