How To Win A Scandinavian Auction

Table of contents:

How To Win A Scandinavian Auction
How To Win A Scandinavian Auction

Video: How To Win A Scandinavian Auction

Video: How To Win A Scandinavian Auction
Video: How to Win ANY eBay Auction!!! 2024, December
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In addition to the traditional type of auctions, there is also the so-called Scandinavian - it provides for payment for each bid. There are special bidding methods that allow you to win such an auction if the necessary conditions are met.

How to win a Scandinavian auction
How to win a Scandinavian auction

Instructions

Step 1

Check the specifics of the Scandinavian auction. This will help you win it. In addition to the fact that each bid in such an auction is paid, it is also usually limited in time. But the next rate increases its duration. Thus, the organizer of the auction receives income not only from the last, highest bid, but also from all participants.

Step 2

Find out the conditions of a specific auction - its specified duration, fixed size and cost of the bid. This will help you formulate your strategy.

Step 3

Since these auctions are usually held over the Internet, try to participate in them at a time when there is a minimum of players. Sometimes this can be tracked on the site itself by studying the statistics of attendance, in other cases it is better to choose the time when there are the least number of visitors on the Internet in the regions covered by the auction. This is early morning, as well as evening at the end of the working day, when most people are not at the computer, but on the road.

Step 4

Try not to place bets at the very beginning, as they will be covered by other participants. Postpone your entry to the end of the auction to save on bids.

Step 5

Use auto-delivery mode if possible at a specific auction site. In this case, the system will automatically place a bet for you if your previous result was covered by another participant. This mode is best used when there are a few seconds left before the end of trading. You can also use this mode in the middle of the auction to prove the seriousness of intentions to other players and force them to give up positions in advance.

Step 6

If trading on one resource is carried out for several lots at the same time, choose the less expensive and popular one. In this case, you will have fewer rivals, and you will be able to buy it at a cost significantly below market value.

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