“Stick to your guidelines” with QuiBids
So digging around online today, we happened across this useful bit of QuiBids strategy posted to YouTube by user itsbleepinggolden. Funny name, dude.
Posted back in July of 2010, some of the finer details are a little bit dated (we were sure to point out what’s no longer accurate in the italicized transcription notes below), but the overall philosophy that users ought to develop a strategy and stick to it still rings true on QuiBids! So we took it upon ourselves to transcribe this useful guide for those of you who prefer reading to listening. Enjoy!
Transcription:
When I first saw this site, I thought it was a scam. But I’ve won two items: Assassin’s Creed II and some Bose headphones. I’m going to tell you how this site works and how to make money off of it.
Thanks for not thinking we’re a scam! You’d be surprised how often people think we’re just some Internet hustlers trying to swindle you out of your cash.
Now, how QuiBids works: each time you bid, you spend sixty cents. That bid can increase the auction by a penny, a nickel, or a dime, depending on the auction. If someone else bids after you with ten seconds or less, then the timer will go back to ten seconds.
We don’t actually have very many auctions that increase by more than a penny anymore, but we used to have nickel and dime auctions more frequently in QuiBids’ early goings.
Now this is what makes winning things on QuiBids.com so difficult: you want to spend the least amount of money without getting outbid by someone else. So I’m going to teach you some ways to win the item you want, whether that’s a MacBook or a TV, or even an ice cream maker, a Target gift card.
Or an iPad, or Beats by Dre, or a set of golf clubs, or a Tommy Hilfiger jacket or an AV Receiver or a…
They’ve got everything on this website.
True that.
The first thing I would suggest is to observe the site for a little while, just to make sure you get the feel for it. You might observe what times of the day people are more likely to bid on certain items, and you might be able to use that to your advantage.
Yes! Excellent strategy, Mr. Golden!
So, for thirty dollars, you can get fifty bids on QuiBids, and if you enter in the code “WinBig,” you can get sixty bids. For your first auction, you’re going to want to partake in a beginner’s auction, because they’re easier than regular ones. I’d suggest going for a Bid Voucher, because if you win Bid Vouchers, you won’t have to buy them from the site, and you’ll save yourself a lot of money. They’re really no money at all. I found a 250 Bid Voucher that went for 50 cents, which is really nothing at all. 250 bids is a lot.
These days, beginners must purchase the $60 starter Bid Pack, which comes with 100 bids. Also, sorry, but this promo code is no longer valid. Also also, we recommend you head over to our company blog for more information on scoring free Voucher Bids.
Now let’s say you want to be the only bidder in an auction. That does happen. But more than likely there’s probably going to be about eight bidders, or more or less depending on the auction. Now, you just want to observe what these bidders are doing. Some people will be aggressive and keep bidding and keep bidding and keep bidding – that’s good. You want them to use all their bids.
Other people are going to wait until the last second and they’re going to bid, because they don’t want to lose that item. Now observe how many people are bidding at that last second and you’ve got your real number of bidders right there. You just need to do your research and estimate at what price the item’s going to sell for, and bid at that point. But don’t be stupid with your bids.
You’re not going to win every auction, so the bottom line is be patient and set a goal for when you want to start bidding. Let’s say the auction ends before you even bid once — that’s fine. Just be patient and stick to your guidelines you set for yourself.
Excellent advice, Mr. Golden, thanks for sharing! Head over to QuiBids 101 for more basic information, sign up for our weekly newsletter, and follow us on Facebook and Twitter for regular updates from QuiBids!
Happy bidding!
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