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Great Deals At Online Entertainment Auction Sites

February 27, 2012 | Comments: 0 | Views: 158

If someone offered you a brand new laptop worth $999 for just $16.04, would you buy it? How about an Xbox 360 gaming system for just $1.89? Of course you'd take advantage of these deals! These are just two of the great deals you can get at online entertainment auction sites. Read on to learn about other great bargains and how to take advantage of these deals.

Recently we saw the following amazing deals sell on a popular online entertainment auction site:

2 different laptops - one worth $999 sold for $16.04; one worth $569.99 sold for $12.59An Xbox 360 gaming system valued at $299.99 sold for $1.89A Gas scooter worth $1827.99 sold for $8.08 A set of golf clubs worth $559.99 sold for $1.06A bagless vacuum valued at $140.99 sold for $1.08A 10-pc Stainless steel cooking set worth $149.99 sold for $2.66Headphones valued at $149.99 sold for $0.14 A tablet computer worth $379.99 sold for $2.48An ice cream maker worth $104.49 sold for $2.73A 16.2 MP digital camera valued at $224.99 sold for $2.53A 14 MP Digital Camera worth $229.99 sold for $2.93A 3D home theater system valued at $369.99 sold for $6.19A BluRay player worth $106.99 sold for $2.09A CD Recorder Turntable valued at $249.99 sold for $1.37 Gift Cards:A $25 you choose it gift card sold for $0.18, a $25 you choose it department store gift card sold for $0.46

These are some incredible buys! So how can you get great deals like these?

Set realistic expectations and goals

It's important to understand that the pricier big box items are going to generate the most competition. Although winning such an auction with a small number of bids is possible and happens every day, this isn't the norm. It isn't uncommon for more than 100 people to bid on the more expensive items in a single auction. Therefore, most users who win more expensive items place a considerable number of bids before winning. Feel free to try your hand at winning with only a few bids placed, but do so with the knowledge that such a win is much less likely, statistically speaking.

Research and study

There are many factors that affect what price an item will ultimately sell for. Focus your sights on the item that you want to win and watch other auctions for it. Many things can be learned by observation, for example, certain items more generate more competition in the morning than in the afternoon. You might just be rewarded for doing your research before bidding on a large auction.

Be in it to win it!

While users on these online entertainment auction sites regularly get absurd deals like are listed above, it's a good rule of thumb to be willing to part with at least a 1/3 of the item's retail cost. Users willing to spend this much in bids are far more statistically likely to claim victory in any given auction. Just remember, while you've got to give a little to get a lot be sure to set a budget on bids you're willing to spend and stick to it.

Focus your bidding on a single auction at a time. By focusing your attention on just one item at a time you're likely to have a higher success rate and will likely have much more fun too. Also, never enter an auction without a sufficient number of bids. Being in it to win it means doing whatever it takes to avoid leaving mid-auction to purchase additional bids.

Following the guidelines listed above will increase your odds of winning in a given auction, especially if you're a beginner. However, remember that the point of an online entertainment auction site is to have fun!

QuiBids was launched in October 2009 and quickly rocketed to success as the leading internet entertainment auction site. QuiBids stands out from the competition by providing an online auction model with the absolute best user experience and deals for consumers. Find QuiBids on Facebook or follow QuiBids on Twitter.

Source: EzineArticles
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