Use Strategy To Dominate Emotions In An Auction

I would never suggest gambling or playing auctions. Both of those activities could cause you to loose a great deal of money. However it is the same with Internet Marketing. You need to use strategy. It takes patience, persistence and careful planning and observation.
The great winners of auctions use learned principles to win each auction. Each auction is different depending on who is bidding so there is no one trick used to win. Online auctions are very popular and competitive. You can win expensive electronic devices at a 90% discount and cash. There are auctions for the big dogs and for those who have never won an auction. Everyone bids differently however not all bidders take the time to learn how to bid. Here are some proven principles used to win auctions; you cannot afford not to read this article.
Tour the Online Auction Website
• Look at the goods that are up for auction.
• Make a note of when the items were won at the lowest prices.
• Look at the auction schedule and plan to attend one.
• Make note of the time zone difference.
• Take down the names and countries of the Big Dogs, frequent auction winners.
• Latest Winners
Hint there are special auctions for beginners; familiarize yourself with these acronyms.
• 1WA auctions are for people who have never won
• New = New item
• DP = Double MRP (Member Rewards Points)
• NAB = No auto-bidder auction
• Big Dog = Open bidding even if you’ve reached your standard win limit—maximum 1 Big Dog win per day
Make an Observation of an Online Auction
• Learn how the auction countdown timer works; it can be a little tricky. The clock will start and stop many times before the auction is over.
• Check the bid log to see how many bidders are present.
• Never assume that no one is bidding; many will wait until the end.
• If the clock reaches zero again and again there may be no one present.
• Observe the behavior and strategy of the bidders.
Find the price at the Star of the Bonus Bar.
Well known Strategies Used
• Many bidders withdraw if they see Big Dogs present at the auction.
• Bidders begin when they hear “Going Once, Going Twice.”
• Never bid at the beginning of an auction.
• Bid NO LESS THAN 5 seconds remaining or you may just reset the time
Be the Big Dog Bidder
• Show your Muscle; buy about 1,000TCredits.
• Put it in autobid until everyone has surrendered.
• Do this several times and soon you will scare away other bidders
• You will be winning items at low prices.
Schedule a time to bid.
• Pick a time when you will not be interrupted.
• Make sure your computer is working well.
• Participate in a 1 WA auction or junior auction for the best chance to win.
Set up a Spending Budget.
• Know the value of the product that is being auctioned.
• Use the Auto-Bidder with care; you could end up losing more money than expected.
• Don’t...get overly excited when bidding or engage in a bidding war. You’ll lose more money.

Don’t Be Too Afraid Of Loosing
Many Big Dogs have lost a lot of T Credits only to gain them back. For each TCredit that you use at an auction you will gain 5 Member Reward Points.

Online auctions are very popular and a good way to win retail items at a 90% discount. Auctions are also a good source of entertainment. Be very careful because you could lose a lot of money very quickly. Before you participate in each auction make some observations: the number of bidders in attendance, item being auctioned, behavior and strategy of the bidders. Patience, persistence and observation skills are what it takes to win. The only way to win an auction is to be the last one to make a bid.