Ask The Experts (more tips)

Ask The Experts (more tips)

Smart Baby

1. Use Your Free Bids
BidKnight offers free bids for every person that signs up. Use them first before considering the purchase of a Bid Pack. Clustering them in one auction is usually more successful than spreading them out across multiple auctions.

2. Don’t Bid Until the Last 10 Seconds or so
Do not waste your bids early on in the game. Wait till the auction clock reaches the last few seconds to start bidding. Keep in mind that waiting too long can cause your bid to not make it to the site’s server on time due to your internet connection and other factors, so generally 5 seconds or so is as late as you may want to be.

3. Start with Beginners Only Auctions
BidKnight has Beginner Only auctions which reserve them for those bidders that have not yet won an auction. The auction item is usually a bid pack or an item of lesser value, but there are fewer bidders and no “whales” to compete against. Here’s where you can test strategic approaches against other newer bidders.

4. Select which Auctions to Bid on Carefully
If you’ve studied the pattern of prior auctions, you should see that there are certain days of the week, times of the day and types of items that are less competitive. There will be a lot more bidders for the Coach Bag than for the Rachel Leigh Earrings. Don’t bid on items that you really don’t want but don’t throw away your bids hoping beyond hope that you will win a $1,500 item with just a few bids either. Work the system to your advantage.

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