The SwipeAuctions.com Strategy Guide
SwipeAuctions.com has become a sensation ? drawing more and more people away from traditional retail sites every day, and getting them excited about the new penny auction craze.
But, the challenge with SwipeAuctions.com is that to have the best experience, you've got to figure out your strategy for winning the auctions. Otherwise, once you've spent your 300 bids sign-up bids, you may struggle to find the savings you are looking for.
That's why we talked to some of the most dedicated SwipeAuctions.com customers and asked them to share with us some of their winning tactics.
But first, for those of you who have never gone to SwipeAuctions.com or any other penny auction site before, we should take a minute to tell you how the system works. Once you have your initial bids, you can use them on auctions for popular consumer products. Every time you place a bid, the price goes up by a penny and time is added to the clock. Whoever has placed the last bid when the auction ends gets to buy the product for the final price.
Remember there can be only one winner per auction - and being the customer to place that final bid is not as easy as it seems at first.
Therefore, you need a strategy. Here are the methods that seem to work best.
- When you start out, bid on bid packages first instead of the products. You should note that the 300 bids you get with your $159 sign-up fee are more expensive than the bid auctions you can win. This will allow you to very quickly build up a lot of very inexpensive bids. Having more bids at your disposal ? at lower prices ? is essential to achieving real success.
- Remember that you don't need to win an auction to get your hands on great consumer goods. There are daily, hourly and monthly contests for people who place the most bids. Therefore, if you can stack up your bids through winning bid auctions, you can get the products you want without bidding on them at all.
- Once you have a lot of bids, be very aggressive. Most people will have fewer bids than you do and will not want to waste them. Therefore, if they realize you are going to keep bidding no matter what they do, they will back off and go to another auction. The more people you can knock out this way the higher your chances are of winning.
- Pay attention to how other people are bidding. If you see someone else that is being super-aggressive, they may have more bids than you do. Decide if that auction is worth your bids, or if you might be better off going to another auction with newer and less aggressive players.
- Try to ?jump bid? at the end of the auction cycle. You don't have to place any bids early in the auction at all. It's the last minute or two that really count. Let everyone else waste bids early on, and then jump in at the last minute. You'll probably have more bids to spare than anyone else.
- It's best to bid when fewer people are playing. So, pay attention to how many people seem to be on the site. In general, on weeknights there are less people playing and it's easier to win. During the day an on weekends, the site is more popular and therefore much more competitive.