Users new to iBid often require some time and help before they completely understand our auction platform and start winning auctions. We here at iBid hate for any new user to struggle with using the website. We know you can shop anywhere, so we want you to succeed on our site and to enjoy yourselves doing it. So here goes a little article offering some tactical advice for you beginners. It’s natural to feel daunted going into your first couple of auctions, so consider this your plan of attack.
Let’s start with two scenarios typically encountered by new iBid users:
Scenario 1: Joseph Blow purchases $24 worth of bids in an attempt to haul in a new laptop. "This is great!” Joe says. “I'm going to score this laptop for $24 at most and save a ton of money!"
True to his last name, Joe spends all his bids on the laptop auction but doesn’t walk away with a brand new computer.
"I don't like iBid!” Joe says. “I didn't get my laptop for $24 and lost all my money! I'm never coming back." The story ends sadly for Joe and iBid both since he lost $24 and we lost a customer.
Scenario 2: Sally Shopper stumbles upon the iBid site, drawn in by the fantastic low prices that iBid products sell for. “How hard can this be?” she says. “It doesn’t look much different from eBay. That'll be fun!”
Sally buys a Platinum Pack and dives into the action headfirst. She spends $10 before realizing that auctions reset every time someone bids. "That’s not how eBay works!” she says. “I can't believe I wasted all this money. Forget that!” So ends another sad story.
We've heard countless stories like these two. Some of you might be able to relate. It really hits home to lose money. We don’t want anybody to walk away empty-handed like Joe Blow or Sally Shopper, who fell victim to three of the biggest mistakes that users make in their first experiences with iBid. They are:
1) Setting unrealistic expectations
We can't stress this enough, but users need to set realistic goals when participating in auctions. If someone is new to an online auction, he or she shouldn't expect to win a laptop on the first try with only the cheapest bid pack available. We’re not saying it couldn't happen... it could, and it has. BUT it is highly improbable. Know that you’ll be bidding against users with far more experience and that the odds are against you because of it.
While everybody loves an underdog, we encourage new users to start using the site by participating in smaller auctions. You have got a crawl before you can walk, right?
2) Going for the big catch
It’s not wise to immediately go after the most popular item on our site. There are a lot more competitors vying for popular products, and many of them are our highly skilled veterans. Once acquainted with the website, you’ll then understand that going after popular products warrants certain measures to protect your bid investment. We recommend that you commit to only one such auction at a time.
Don't spread yourself too thin when bidding on the big-ticket items. Be willing to devote more time and money to increase your odds of winning. We find that any participant willing to spend about 1/3 of the value of the item in bids greatly increases his or her odds of winning the item.
3) Jumping right in
As with anything you invest your money in, do research before jumping into iBid entertainment retail auctions. Each auction is going to be different from the others, so read and understand our Terms & Conditions. We also recommend carefully watching other auctions to see how they unfold.
All this will help you to understand “the nature of the business," as well as what we strive to accomplish with our site. By limiting your understanding of the system, you are setting yourself up at a severe functional disadvantage.
As we always say, we offer a fun and exciting online auction experience for our customers. We think that a stronger grasp on the iBid system will help enrich your experience and facilitate a better, more fun shopping experience.