Quibids Strategy - 4: Using Quibids Bid Vouchers

This is part 4 of my series on Quibids Strategies. You might also want to read Part-1, Part-2 and Part-3.

So this part of Quibids strategy is for a specific case: If you want to win the item but don't want to purchase it at the market price.

There are many Quibids bidders out there who do this - they don't want to use the 'Buy it Now' option. Please do note that this is an awesome feature of Quibids that you should definitely check out and use as often as you can. However, you might be there on Quibids just for fun and would want to win the auction without actually 'needing' the item. Thus you would not want to buy the Quibids Macbook for thousand bucks, but you might still want to bid and try to win this item.

If there is a such a specific item, then you should use this strategy of using bids to purchase bid vouchers. The trade off is that Voucher bids do not count towards 'Buy it Now' bids. However, since you are not that specific about this, you might as well try to optimize your overall bids as opposed to using only paid bids.

For this Quibids strategy to work, you need to know what kind of bid vouchers work best. Quibids currently offers bid vouchers of 15, 25, 50, 100 and 250 bids.

Aim: To win an X bid voucher for less than X bids.

This is not hard to understand: suppose you can win a 250 bid voucher by spending 100 bids. In effect, you are getting 150 bids extra. The price of course is that you used up 100 paid bids and got 250 voucher bids, so be aware of this trade-off at all times.

What bid vouchers work best? In my experience, it is very hard to win 15 bid vouchers for less than 15 bids. However, it is relatively simple to win 50,100 bid vouchers within 50,100 bids by using my Volunteer's Dilemma strategy. Thus, the best bid vouchers are 50 and 100 bid ones. The 250 bid voucher can get quite competitive. You can use my Waiting Game Strategy for this particular bid voucher.

The additional costs involved in the voucher bids is to take the final price into consideration and also the shipping and handling charges. For example, if the final price + shipping/handling comes to $3, you need to account that as 5 bids lost.

Thus if you decide to bid and win an item without any regard to Buy it Now feature, then you should definitely employ this Quibids strategy. This strategy will help you to get the maximum out of your Quibids experience. This is in effect a way to get free bids at Quibids, but it is not really free - you have to work to win the bid vouchers.

Note: Bid vouchers are relatively safe, because if you don't win it, you can always use the Buy it Now for the bid voucher! So suppose you are bidding on a 100 bid voucher and you place 100 bids but don't win it. Nothing to worry - by paying the service charge of $2, you can buy it just like you would purchase normal bids! This is the good thing with Quibids vouchers.