Top 10 Mistakes that will lose you an Auction

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The Top Ten Mistakes that lose Auctions

Hello fellow quibidders! There are tons of people out there using or thinking about using quibids, so I decided to bring you some of the information that I think will help you win. In this post I will talk about the top 10 Quibids mistakes that will cause you to lose you auctions.

Thinking that all auction sites are the same. Far from the truth if you go into a penny auction like Quibids thinking “I’m a master at eBay this will be no problem!”You will be walking out broke and pissed off. If you don’t understand how penny auction sites work then read my article “How penny auctions work” it can be found in the menu on the left of your screen. . .
Going after an auction without researching the item. If you don’t know the average time and prices that the item sales for on Quibids then you might as well hand Quibids all of your money!!! .
Bidding on multiple items at the same time. You are biting off more than you can chew. A single auction can be intense and consuming on its own. Bidding on two items will just stretch out your resources and leave you empty handed. . . .
Getting emotional! Take a deep breath emotional bidding, be it excitement or anger it will interfere with your ability to win. Stay calm, keep to your plan and win the auction. . .
Not setting a budget. You need to know exactly how much money you are willing to spend on an item. This needs to include bid cost, final price, and shipping. Setting a budget will not only help you from going broke it will also force you to bid smarter. .
Going into an auction without a strategy. Yea you might think you can wing it but the guy who will win the new IPad has a strategy and if you want to win you need to bring one too. To every auction!!! .
Not planning for enough time. Auctions can go on for hours. You do not want to walk away from an auction you are invested into. Consider your schedule before jumping into an auction. .
Bidding from the main page. You need to be involved in your auction. If you are bidding from the main page where they list out all the auctions then you are losing out on very valuable information you could be getting if you were bidding from the auction page. .
Jumping into an auction without feeling it out. You should always watch an auction for at least 5 minutes before even thinking about placing a bid. This is so that you can see what type of bidders you are going up against. .
Not Considering the buy it now feature!!! You need to know before every auction whether or not you are willing to use the buy it now feature. This feature can be your life line and keep you from losing you money.