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Wednesday, January 5, 2011

Quibids Strategy-6: How to Win Big Ticket Quibids Auctions

A Quibids strategy for winning big-ticket items can be quite different from the ones that you might use for a $10 Walmart card. This post will help you to win big-ticket items like Quibids Macbook or Quibids iPad. In fact, there are not the only big ticket items. A non-exhaustive list of these auctions include -
  • Quibids Macbook
  • Quibids iPad
  • Variety of Plasma TVs
  • Variety of high quality cameras
  • A number of Netbooks and other Laptops
  • Occasional Quibids treats like Honda Civic car and a Caribbean Cruise!
As a general rule, anything that costs more money is a big-ticket item and naturally has more competition.

Not all Quibids strategies are applicable to these items. For example, you cannot use the Volunteer's Dilemma Quibids Strategy throughout the bidding process because there are too many bidders around and the chances of this game-theory like classic dilemma situation is rare. However, it can be used in certain phases.

So here are the list of tips to win Quibids Macbook or other big-ticket items:

Quibids Tip-1: Timing is the Key to Winning

First, you should read my post on Best and Worst Times to Bid on Quibids, which is a post on Quibids strategy that discusses the least and most competitive times at Quibids. If you want to win a big-ticket item like Quibids Macbook, it is very important that you bid during the least busy times. I cannot over-emphasize the importance of this. If you bid at the wrong times, your probability of winning can drastically decrease.

I want to demonstrate this with an example. Here are two auctions of the same product. One of them is during a good time and another during a bad time. This is exactly as is mentioned in my post. Can you see the difference?

Cheap Plasma TV for $4.10, bidding during the best time mentioned in my post:


Costly Plasma TV for $170.36 during the worst time mentioned in my post.


You should now be convinced how important bidding at the right time is to win on Quibids.

Quibids Tip-2: Decide if You can Pay the Full Price to Cut risk

Why are you at Quibids bidding for this item? Sure, you would like to get some cheap items but are you ready to pay the full market price. I know most bidders don't. However, your winning Quibids strategy depends on this decision, so you need to make a choice right now.

  • I can never pay the retail price: In this case, you should invest in bid vouchers. Read my post on How to Win Quibids Bid Vouchers to learn about this. Remember that there is no universal Quibids strategy that will ensure you will win. There is risk involved in Quibids and indeed any other penny auction. You can lose all the money that you invested in and for a big-ticket item this can be quite high. You should be willing to take on this risk if you want to follow this path.
  • I can pay the full retail price if it comes to that: Good! You are using Quibids to see if you can get a great deal but if not you are still ready to pay the full retail price and get the product. In this case, you should NOT use your real bids and bid on voucher bids. This is because voucher bids do not count towards your Buy It Now feature. If you lose the auction, you do not really lose any money because all the 'lost' money can be used towards buying the product at the retail price.
Quibids strategies are all about probabilities. Without a doubt, there is luck involved. You will find a number of Quibids tips and strategies throughout my blog but all they can do is improve your probability of a win - they cannot guarantee a win.

Remember that when you lose an auction, you lose money. This is not eBay. If you are seriously trying for a big-ticket item, you will need a lot of bids. If you lose, all this money is lost. Be aware of the risk before you venture out.

Quibids Tip-3: Use the Waiting Game

For big-ticket items, you should use my Quibids strategy on Waiting Game. This will help you to use minimal amount of bids. However, remember that while this is a theoretical best strategy to use, there are many practical constraints. This works very against the psychology of a bidder. No one likes to sit for hours in front of a computer and track every second and every bid.

If you belong to the category that can afford to pay the full retail price, you should also use the Volunteer's Dilemma Quibids strategy during the bidding process. This should never be used on a continuous basis. Rather, you should use it when there are no aggressive bidders around.

This is a high-risk high-return strategy. If you are able to create a classic game-theory dilemma situation, you can end the auction then and there and win the item. If not, you will end up losing more bids than usual. It can work well if you study the nature of bidding of your fellow bidders. If they appear meek and less aggressive, there is a higher probability that you win using this strategy.

Quibids Tip-4: Use the Bid-o-Matic Option

This is an important Quibids strategy from a practical point of view. We are all humans, after all, and we cannot sit for hours together in front of the computer without missing a single bidding chance that occurs once every few seconds. We need some rest and time off.

It is very risky to just stop bidding during a time window. This is because someone else might win the auction in this time and if he does, you will lose all the money you invested up to that point in the form of bids. This can be a very nasty situation.

Therefore, just use the Bid-o-Matic option which will allow you to place bids automatically without the need to be present in front of your computer.

However, remember the limitations of this method. For example, the maximum number of bids that can be placed through this is 25. You should read up about Bid-o-Matic first before you start bidding. The information can be found at the Quibids Help Section.

Quibids Tip-5: Avoid Bidding at the Start

This is a great Quibids strategy that a lot of bidders neglect. Big-ticket items can be highly competitive at Quibids and there are hundreds of bidders trying to win it. It is highly unlikely that you will win the auction for a few cents or even just a few dollars.

Therefore, it is best that you do not bid during the starting part of the auction. It is highly unlikely that you will be missing something. If in the rare case the auction ends during this time, try it the next day again. But following this Quibids strategy can save you hundreds of dollars.

One estimate is to use the 'Recently Sold for' amount for this product. Of late (last few months) Quibids has been using the lowest amount for this number that has occurred in the last few weeks. Therefore, totally avoid bidding till the price reaches this value.

Even after reaching this value, it is highly unlikely that it will end soon. You can wait longer. It is really hard to say how long - impossible in fact. Take a calculated risk in this aspect. However, remember that once you start bidding, you cannot give up half-way because if you do, you will lose all the money invested.

Quibids Tip-6: Be Prepared for a Long Haul

When you want to win a big-ticket item like a Quibids Macbook, you need to be prepared for a really long haul. No one can predict how long the auction can go. In the pictures shown above, the difference in time between the two auctions was several hours. You cannot really predict the time-frame.

Sometimes, items go late into the night and continue even up to the next day morning. We are talking here in the order of 6,8,10 hours at times. I know this can be really long but that's the price you got to pay.

Being prepared for this is important, not just psychologically but also physically. Have something to eat and munch on during the auction. While eating, use the Bid-o-Matic as described in the previous Quibids strategy. However, don't doze off to sleep before the auction ends!

Quibids Tip-7: Never Say Die

So finally, the last in the list of to win Quibids macbook and other big-ticket items! This is very important because a lot of people just don't realize it. If you are not going to be prepared to buy the product at the retail price, you might just lose a lot of money trying. This is the risk that you should be prepared to take.

If you quit halfway, you lose the product and also all the bids that you placed till that point. This can mean a lot of hundreds of dollars. Therefore the best strategy is to stick through with bidding and trying to win.

Also, at each stage reconsider your decision of whether to use the Buy It Now feature. For example, if you have spent $1000 on bids on a Quibids Macbook, it is much better that you put in a few hundred more dollars and buy the product than lose all the $1000.

I hope these Quibids strategies help you win big on Quibids. Good luck!
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Tuesday, January 4, 2011

Top 7 Quibids Tips and Tricks

These Quibids tips and tricks will help you make the most of your bidding experience at Quibids.

If you are looking for my Quibids strategies, you should read my previous posts to see the various ways on how to win on Quibids. You can use the Volunteer's Dilemma Quibids Strategy to win smaller items, or the Waiting Game Quibids Strategy to win bigger items. You should also be well aware of the Best and Worst Times to Bid on Quibids which is probably the most important thing to know before you start your Quibids journey. You should know the power of Bid Voucher Quibids Strategy especially for the big-ticket items. You should also be aware of How to Win Against Aggressive Bidders

With this background, let me summarize all the important Quibids tips and tricks you will need on your Quibids journey.

Quibids Tips and Tricks-1: Set Realistic Goals
This might sound like Grandma's advice but I wish to include this first on my list because it is really important and often neglected. Penny auctions like Quibids can suck in a lot of your money if you are not careful. This can be addictive. No, it is not like gambling but the thrill of winning and the rush of adrenaline are all there when the timer approaches zero.

I would therefore advise you to strictly impose limits on your spending. Also, never bid on items that you don't need just because you might get them a little cheaper. This is not the right way to win at Quibids.

Quibids Tips and Tricks-2: Understand the Penny Auction Model
There is no dearth of people complaining how bids cost money and they are non-refundable if you lose. Yes, this sounds unfair but you really did not think that Quibids will give away a Macbook for $100 and pay the rest from their pockets did you?

Yes, the profits are huge. Humongous perhaps, but that's the auction model. If you do not like it, don't bid on Quibids. It is very important that you understand thoroughly how penny auctions work. No amount of Quibids tips and tricks will help you realize this if you fail to understand the model of the auction at Quibids. Here is a very quick summary, which is by no means comprehensive -
  • Timer increases each time a bid is placed. It is not exactly a countdown in the traditional sense like eBay.
  • Bids cost $0.60 per bid. You can check out my previous posts on how to get some free Quibids bids but these are still limited. You need to pay for the bids you place.
  • Bids once placed cannot be redeemed for money. If you purchase more bids and don't use it, you can always get a refund but not if you use them.
  • Yes, items do sell for 90-95% discounts but you need to pay through the bids used. The cost to you is not so much through the price of the item but through the bids that you place.
  • There is exactly one winner and everyone else loses money on an auction in the form of lost bids. Fair? I don't know!
Quibids Tips and Tricks-3: Know your Bidding Timing
The best time to bid on Quibids can help you win auctions much cheaper. However, it is not just the final cost that is different. When you bid on items during the least busy times i.e. least competitive times, you have a very strong chance of winning if you follow my winning Quibids strategies. If there is huge competition, things can get really very difficult.

If you haven't already, read my post on Best and Worst Times on Quibids and note the times when the site is least busy. An important point to remember is that it is not just about the number of people online but also the number of auctions open for bidding. Therefore it can happen that there are an awful lot of people but there are plenty of auctions for them all, so the competition tends to distribute away, especially for smaller items.

Quibids Tips and Tricks-4: Use the Buy It Now Option to Cut Risk
Quibids has the most wonderful option of Buy It Now. Using this, you can use the money that you spent towards an auction to go towards buying it at the retail price if you fail to win the auction. In fact, I think this is the most important of the list of Quibids tips and tricks that you should know and use.

Penny auctions are inherently risky but using this option you can greatly reduce the risk associated with bidding on Quibids. This is why it is all the more important that you want and like to have the item that you want to bid on.

Ask yourself this question: If I don't win the auction, am I willing to pay the market price for this item? If the answer is a big no, avoid bidding on the item. If you lose, you will lose all the bids along the way.

Quibids has a number of different auctions and I am sure you can find auctions that you really want to win.

Quibids Tips and Tricks-5: Bid Vouchers can be Useful
Bid vouchers are a great way to multiply your bids. You have a number of Quibids voucher bid auctions and you can win some of them.

So how are Quibids voucher bids good? If you win a Quibids bid voucher auction, you will be credited with the bids immediately. Suppose you spent 40 bids to win a 100 bid Quibids voucher. Effectively, you have won 60 extra bids at the site!

What if you lose? Don't worry - just use the Buy It Now option and buy the bid voucher right at the site! Read the previous Quibids Tips and Tricks point for this.

Voucher bid auctions are usually competitive. Don't expect them to be easy.

Warning: You should remember that Quibids voucher bids do not count towards the Buy It Now feature. Therefore bid voucher strategy is a double edged sword that you need to decide for yourself whether you want to invest time and money in them or not. If you are strictly bidding on the items that you want, you should try to avoid them. If not, go ahead and win a few.

Quibids Tips and Tricks-6: Get Free Quibids Bids

There are many ways to get a few free Quibids bids. These Quibids tips and tricks on finding free bids can be found on my blog, so be sure to follow this blog to keep yourself updated!

If you are new to Quibids, learn how to get free bids on registration. If you are already a member, there are many other ways in which you can get your free Quibids bids. Try out some tips on getting free Quibids bids. You also get some free Quibids bids on your Birthday.

These free bids help you on your path of winning Quibids auctions and can be very useful. For example, if you are new, there are certain beginner auctions that are only open to beginners. This way you can win auctions easily as there is less competition and newbies seldom know all the Quibids strategies needed for winning.

This is the reason I also encourage my readers to check out other penny auction sites. You get some free bids on registering and if you are lucky, you can win a small gift card using just the free bids.

Quibids Tips and Tricks-7: Big-Ticket Items are Very Different
Quibids has a number of big-ticket items like Quibids Macbook, Quibids iPad, laptops, netbooks, holiday cruises, etc. Therefore it is important that you understand the strategies to win these are very different from the ones you use to win $10 Amazon gift cards. Without appreciating this difference, you might wrongly apply the same Quibids strategy to both of them and end up losing a lot of bids.

My post on Volunteer's Dilemma Quibids strategy should be used for smaller items and occasionally for bigger items when there is reduced competition.

In addition, you should remember that the Bid-O-Matic Tool is a good resource to use in big-ticket auctions that last for a very long time. On the other hand, it is a bad idea to use this tool for smaller items, especially if you are using my Waiting Game Quibids Strategy.

Also, you should try to avoid bidding in the initial stages of a big-ticket auction as there are many naive aggressive bidders. Let them all run out of gas before you swoop in.

Quibids Tips and Tricks-8: Losing is Not an Option
If you follow this maxim, you will not lose money at Quibids. No, this is not some New Age maxim I am throwing at you. Instead, if you firmly decide that you will bid till the end i.e. till you win, you can be the winner. You will be surprised by the number of bidders who do not persist enough.

Remember to use this particular Quibids strategy only when you are sure to use the Buy It Now option of Quibids. Without this, it is best to know when to quit.

You can also get aggressive to scare away the small time Quibids bidders so you can emerge the winner. This works very well when there are very few professional Quibids bidders.

In summary, I have given my list of Top 7 Quibids Tips and Tricks. If you have something to add, be sure to add a comment. Winning on Quibids is an art and you should learn before you can apply this art. I hope this blog post was useful to achieve this goal.

Sunday, January 2, 2011

Quibids Strategy 5: How to Win Against Aggressive Quibids Bidders

This is a part on Quibids Strategies. You should also check out my posts on Quibids Strategy: Best Times to Win, Quibids Strategy using Volunteer's Dilemma, Quibids Strategy Waiting Game and Quibids Strategy Using Bid Vouchers.

In this post, I am discussing my Quibids Strategy to win against aggressive bidders.

An Aggressive Bidder is defined as someone who doesn't wait for the clock to run down before he places a bid but instead places his/her bid immediately after another person places a bid.

If you regularly bid at Quibids or any other penny auction, I am sure you would have come across aggressive bidders and wondered what Quibids strategy will beat them. There are many strategies that aggressive bidders are using to prevent you from winning. For starters, they are playing on the psychology of a Quibids bidder. This is because no one likes to be outbid the next moment.

Consider this: You like an item and place a bid. As soon as you place the bid, someone outbids you. Now you place your bid again and within a second, you are again outbid by the same person. This is a natural cause of frustration and after a few bids, the person usually just gives up. This is not the right Quibids strategy.

However, you do not have to be afraid of aggressive bidders. You simply need to understand their psychology and their situation to really beat them. Remember that when bidders get aggressive, they have fewer number of bids left as they need to outbid every person. This is important to remember because when you spend 1 bid, the aggressive bidder might need to spend 5. This is because you are not the only other bidder - there are other bidders too. The aggressive bidder needs to spend bids to outbid every single bidder and thus loses bids.

Aggressive bidders can have a trick or two down their sleeves, though. You need to be aware of the Quibids strategies that they can use. For example, when there is an aggressive bidder and many other meeker bidders, they each rely on the other to place their bid, thinking they are protecting their bids. The aggressive bidder wants exactly this. It causes a situation that is described in Game Theory as Volunteer's Dilemma. Don't get caught in this trap!

So here is what you need to remember: to beat an aggressive bidder, you need to keep bidding. Never give up. If you give up, you are not just losing the auction to the aggressive bidder but you are also losing the amount that you spent towards your bids. Against an aggressive bidder, you can play the Waiting Game Quibids Strategy.

An aggressive Quibids bidding strategy is not very sustainable and the aggressive bidder will sooner or later run out of steam. You are not the only bidder but don't let the decision of others impact your own strategy. You can certainly beat aggressive bidders using my Quibids strategies described on this blog. Just remember never to get intimidated.

Tuesday, December 28, 2010

Quibids vs eBay: Where to Shop for Discounts

Quibids vs eBay is a question that a lot of shoppers face especially during the holiday season. Both these websites are well established in their field and it can be a tough choice to make. Both eBay and Quibids offer some really great discounts and deals. So how do the two compare?

The auction models of eBay and Quibids are totally different. Quibids is a penny auction site, which is a bidding fee auction model. On the other hand, eBay is a traditional auction site which more people are familiar with. Every bid you pay in Quibids is charged at $0.60/bid. On eBay, the bids are totally free and you only pay if you win the item.

Quibids-vs-eBay

There are some main differences between Quibids and eBay. The most important difference arises in the bidding model as mentioned above. Also, eBay is much more general in that there are millions of more items on eBay. On this count, Quibids vs eBay becomes a meaningless question because you can literally find everything on eBay.

The items that you find on Quibids are quite limited. However, for the items that are sold on Quibids, you can get far higher discount on Quibids than eBay. Here, we are talking about discounts of up to 90% and not 5-10% that you might be lucky to find on eBay.

However, as expected, there is a catch. You will need to pay for the bids that you place, which means you can lose money even without winning. This is an impossibility at eBay. If you do not win the item, you lose nothing.

Thus to answer the question of Quibids vs eBay for the products that are sold at both the stores, it really depends on you. If you like taking some calculated risks, you should try Quibids. If you are risk-averse, prefer eBay. If you want to try Quibids, read my post on Getting free Quibids bids before joining so you can make some good profits right from the start.

Also, if you like Quibids, you should certainly try out the other penny auctions as well. This is because sometimes Quibids can get really competitive. The newer penny auction sites have fewer bidders and thus lesser competition, so your chances can be improved. Also, a lot of them give you free bids while joining, so you might just win something out of these free bids, which would be great - to win hands down without any investment.

The post talked about Quibids vs eBay and some differences that you should keep in mind. There are risks associated with Quibids, but the rewards can be sweet.

Sunday, December 26, 2010

Quibids Free Bids on Christmas

Quibids gave away free bids on Christmas. There was however a catch: it gave those free bids only to some users and not others. It seems that neither the heavy spenders nor the rare visitors were the lucky group. Personally, I never received any free Quibids bids on Christmas.

However, if you visit the Facebook page of Quibids, you will see some people thanking Quibids for their free bids. This seems disappointing that only a few people should be given free bids while others are denied. I was hopeful that I would get something from them for the New Year but no gift. Nada. They did send out an email for wishes, but that's no good now, is it?

So how did Quibids decide who would get free Quibids bids?

Saturday, December 25, 2010

Quibids Doesn't Want to be Identified as a Penny Auction

So I was just looking for penny auctions in general and not just Quibids and stumbled upon a very interesting thing - Quibids doesn't show up in Google if you type penny auctions!I find this quite interesting. After all, Quibids is perhaps the biggest penny auction site on the internet today. Quibids had the millionth auction recently, which is a great achievement. So why doesn't Quibids show up for penny auctions in Google?

There are many possible explanations for this. I assume that Quibids doesn't want to identify itself with the other penny auction sites. I assume this is because Quibids wants to stand out from the rest of the crowd. In addition, penny auctions seem to have a bad connotation attached today with so many of them, like Swipebids, turning into outright scams. Also, there are new penny auction sites opening up in every nook and corner of the internet. Perhaps Quibids doesn't really want to be seen in the same league as these.

Quibids advertisementWhat I also find interesting is that there is no Quibids ad showing up in Google for the keyword "penny auctions". Quibids is an aggressive advertiser and I have seen Quibids ads everywhere. In fact, I discovered Quibids through a similar advertisement a very long time ago. However, Quibids doesn't even want to advertise to people looking for penny auctions. This is indeed surprising because I am sure a lot of penny auction searchers can do with a far better version of Plundr and Beezid.

Friday, December 24, 2010

Quibids Details: Phone Number, Address etc

This post is just to provide more information like Quibids phone number and address to those searching for it. Quibids is a relatively open company as compared to tons of other penny auction sites.

Here is some information about Quibids. This is taken directly from their BBB page.

Quibids phone number: (405) 253-2038
Additional Quibids phone number: (405) 253-3883
Address: 1601 NW Expressway, ste. 1500
Oklahoma City, OK 73118
CEO: Mr. Matt Beckham
CFO: Mr. Jeff Geurts
Director of PR: Ms. Jill Farrand
Employees: 100

BBB Rating: A-
Total complaints received by BBB: 88

Quibids Trap Page: Different Auctions for Different Users

There are allegations that Quibids is using a trap page to direct different users to different auctions. This is alleged to be a Quibids scam and not legit by some. The reply that Quibids customer service agent gave to a user doesn't help matters much either.

So what is a Quibids trap page? Simply put, there are different pages for different users so that there are different auctions for different bidders. I think the way it goes is that Quibids collects the data from different users and classifies them in different categories. The bigger bidders who spend and bid aggressively are grouped together into one category, so that they compete with each other and not smaller bidders. So if you are winning a lot on Quibids, you will find it harder to win in the future.

The Quibids customer support reply says that they have different auctions for different people to maximize their winnings. This is obviously untrue because they want to have the aggressive bidders bid with each other, because otherwise they could win most of the items and leave others unhappy. This would also reduce Quibids' earnings. While I don't think this counts as a Quibids scam, it does seem suspicious. I think they should mention this somewhere on their website, because otherwise it seems misleading.

So how do we know that Quibids is actually using a trap page? Simple - clear your cookies and note all the auctions that are present on the page. Now log in with your account and you will find that there are different auctions present. Not cool. So you might see some auction when you are not logged in and then all of a sudden when you log in, this auction could disappear for you.

Is this a Quibids scam? There seem to be some legal implications but I am not really sure. There is only hype at this stage. I don't think there are any lawsuits filed. You can read the entire discussion on PennyAuctionsWatch article.

You can try this out yourself - clear the cookies and you will see different auctions than when you are logged in. I think Quibids saves cookies to determine how much you win and which auctions to show. Better still, if you have a friend somewhere else, you could compare notes on which Quibids auctions you both see.

Quibids scam
Quibids scam
So what do you think about this Quibids trap page? Is Quibids scam? Is Quibids legit? The penny auction watch comments seem to suggest otherwise, but certainly you cannot believe all the rant on the internet.

Thursday, December 23, 2010

Quibids Featured Auctions

Quibids is rolling out new features and new auctions once again. This time, they are coming up with Quibids Featured Auctions. This is a weekly featured auction that will be a big-ticket item. For this week, Quibids has announced Samsung Ultimate 3D Bundle as their featured auction.

Quibids featured auctions

One good thing - Quibids is not holding this featured auction on a weekday. This is good for bidders because weekdays can be really busy at Quibids with lots of bidders and thus a reduced possibility of winning. Instead, they are putting up the Quibids featured auction on Thursdays. There will be a new auction every Thursday, so be sure to check this out.

If you are looking for Quibids strategies and how to win these big-ticket items, be sure to check out my posts on Quibids strategies here, here and here.

Good luck bidding people! And hopefully you can all win something good for Christmas.

Saturday, December 11, 2010

How to win on Quibids 2: Worst Time to Bid on Quibids

I have already discussed the best and worst times in general in my post here. You can also find my Quibids strategies - just browse through the most popular posts on the right hand side.

Here, I want to give some details about the worst time to bid on Quibids.

The worst time to bid on Quibids is in the night, about 10pm-2am EST. However, this worst time frame is expanding. I would say, don't bid till up to about 5am EST. Here is why:

A number of people who bid on Quibids do so at night because that is the time they are free. Quibids does realize this and usually has more auctions during the night. However, there are almost never enough number of auctions for all the users, so the nights are very competitive. Now, I know many people are nocturnal like me and will stay up late to bid on Quibids.

Quibids has only a very few auctions of late during the nights - around 4-5am EST. Here is a recent screenshot of Quibids around this time. As you can see, there are only 6 live auctions on Quibids at this time. There are, of course, many users online, so they all tend to bid on a few auctions, making this time very competitive.

worst time to bid on quibidsSo I would say, avoid bidding on Quibids at night. This is especially the case when you are in EST. This time zone is at a disadvantage for this particular time frame. If you thought you can wake up till 4am, remember it is still 1am Pacific Time, so there would be many online. You cannot be late in EST but you certainly can be early. In fact, mornings are a good time to bid on Quibids. Thus if you are in EST, perhaps you can put the alarm in the morning and try your luck!