7 Bidding and Auction Strategies



Bidding is part fun and part pain. You win an item, all seems well and good and thrilling. You lose the item, everything around seems blue. In order to win online bid auctions, you have to adopt and follow some basic online bidding strategies. Once you’ve done this, there’s no way stopping you from winning the next auction! Here are the seven simple strategies to follow.

1. Bid Early On: It’s always good to bid early on an item, because most users won’t bid on items that already have many bidders. There’s no point of lingering until the last few seconds to bid. So as soon as you’ve decided that you need a certain item, just bid on it.

2. Don’t Poke Your Nose on an Item with High Competition: If you see a long line of bidders behind YOUR desired item, forget about it. Normally, highly competitive bids give you lesser chances of winning and it’s better if you find the similar item at some other bidding website.

3. Make Multiple Bids If You Can: Make more than one bid on your desired item; this may certainly increase the probability of your winning that item.

4. Bid Just Above the Standard Bidding Limit: Some auctions impose a maximum limit you can bid, say up to $50. If you place your bid of $50.02, you’re very well likely to win the bid, because all the others might be entering nothing more than a $50. Your bid being the highest may definitely stand the chance to win. This strategy is overlooked by most bidders, but it works extremely well.

5. Do Some More Tweaking In the End: When the end of bidding time is closer, re-bid on an auction in the last few seconds. Due to the short time left in the auction to finish, other bidders may not get a chance to out-bid you and this act may make you the lucky winner.

6. Keep an Open Eye: Monitor your bids and pay close attention to what’s going on. Many online bidding websites keep its bidders updated about the bidding through email, but it’s actually the bidder’s responsibility to keep track of the status of their bids, particularly when the auction is just about to end.

7. Bid up to your limit, then HALT!Don’t exceed your bidding limit and the products worth during bidding. Most bidders get fiery and egoistic during the bidding process and end up paying more than product’s worth. Once you’ve reached your bidding limit, just stop bidding right then and there.

Online bidding is no doubt a strange concept, but it is also exciting for the participants as it allows them to win products at incredibly lower rates. Follow the above given tips, and you’ll sure be winning a lot of items in the next bidding competition you participate in.


Benefits of Link Bidding



Getting people to your website, directory or forum is not an easy job with serveral other web sites wanting the same exposure. This is why adding your site to a link bidding directory increasures your chance to gain targeted traffic at a very low cost.There is many link bidding websites out there and i think the best one has to be phplinkbid script which uses paypal as a form of payment, it allows you to get in the top 10 usually on the main page for only a couple of dollars. Link bidding directory’s Google page rank differ from pr 1 to even a pr 6, so adding your site to these offer you a big advantage to getting your website its exposure and pr that you want.

Another benefit of using the phplinkbid directory is your link is normally active forever, there is no time expire on them. When you bid on the link bidding directory in order to get into the top 10 you have to outbid the sites that are in the top 10, this will put your site in pole position in order to gain lots of traffic but because other sites will be placing bids the same, you might lose your top 10 place. So if this happens you will get an outbid notice in a email to tell you about the site that has bidded higher and gives you a chance to get back your position by bidding higher than them.

Search on google for link bidding directories then add your sites to them, you wont be disappointed.


Keyword Bid Optimization Tool © – Get it Right Now!





It is considered as one of the most effective Pay-Per-Click optimization techniques – nowadays Keyword Bid Optimization Tool is accessible to any online marketer. This one-of-a-kind technique truly makes life much easier for online-advertisers. Looking for tips on how to increase your online-income? Start reading this quick article.

Getting some basics

It may surprise you how this Keyword Bid Optimization Tool works – once ‘feeding’ specific keyword(s) into the system it’ll start collecting from the top search engines all related PPC-Ads. Once the initial analysis is done, each Ad is being closely examined day-by-day – basic common sense assumes that if it being displayed for a week to ten days, it proves that there are high chances that this text-ad is making money for its advertisers, otherwise they are losing a lot of money. By the time of gathering sufficient statistics you’ll be able to see which Keyphrase(s) + ad(s) + landing page(s) is that ‘golden’ money-making combination.

Benefits

While examining what is in it for us, we quickly find the following:

* We can easily run money-making campaign(s) in any language without even knowing that language.

* Replicating the process that top-affiliates go through becomes easy.

* Any online-marketer can afford using it with minimal budget.

* Significantly improves any CTR rate.

* Highly effective for affiliates who focus on multiple markets.

Article summary

Well, if we want to summarize it we can say that Keyword Bid Optimization Tool enables us to virtually launch money-making PPC-Campaigns at minimal effort/cost. We could probably come across other advantages provided by this unique ‘secret-weapon’, simply because it enables to transform any internet-based business much more productive and profitable. It is advised to test it and experience how it takes any online business to the next level.


Top 10 Things to Know Before Bidding on an Auction Website



If you are new to the world of auctions, you must do some research before bidding on products or services. New online bidders can be paying much more for an item than is necessary. Here are some things that you should look for:

1. Type of Auction:



Is it a Dutch, English, Sealed-Bid or Vickrey Auction? Most online auctions are the Dutch-style, which means the auctioneer asks a certain price as a minimum (called a reserve) and the bidders keep bidding until time is up. The person who has out-bid the others wins and then must pay for the item.

Other types of auctions include business to consumer or consumer-to-consumer. eBay is the consumer-to-consumer model where almost anyone can sell their wares and anyone can bid on the item or service. AlltheAuctions.com www.alltheauctions.com is a business to consumer auction site, where there are trusted vendors who sell new items like jewelry, tools, watches and electronics.

2. No Reserve Bids:

This means there is no minimum amount you must bid before the auction will send you the item. This is a great way to save money and get great items – generally, there is no catch. Check the details before bidding.

3. Packing & Shipping Costs:

Always, and I cannot stress this enough, always check to see how much the shipping charges are before you bid! There are many examples of people having the winning bid on an item and then realizing the shipping fee is more than the cost of the item.

4. Spending:

Always know the maximum amount of money you are willing to spend on an item. Also, do your research to find the fair market value of an item. Obviously, if the item is antique there are many different facets to the auction pricing, including quality, condition and original packaging. Never get overly competitive and just bid to win. You will pay more money and the other people at the auction will not be happy since in future you may drive up the price for items they will bid on. However, you will make the auction site happy

5. Questions & Contact Info:

A reputable auction site or seller will have easy to find contact details to answer all of your questions. If you find no contact information, do not bid on anything. You may be short-changed on your items and if you cannot contact someone when you want to buy something, chances are if you want to return it or if the item is broken, there will be no one to contact then either.
6. Fads & Resale Value:

Items like Cabbage Patch Dolls were big in the 1980s and are now considered collectibles. However, many items that were mass produced are worth virtually nothing. Make sure you know the long term outcome before you bid. Also, if people are making foolish purchases now because they trendy, when fashion changes, the market for them may collapse.

7. Auction Newsletters:

You should sign-up for online auction newsletters, like http://visitor.constantcontact.com/email.jsp?m=1101613989976 especially if you are a collector. Some items rarely come onto the market, and if you want to know when they are available, you must be in the loop. Also, put yourself out there, especially with business to consumer auction sites. Send them an email and tell them what you are looking for and they will put you on a list and notify you when and if the item comes available.

8. Sniping:

It has happened to all of us. No one has outbid you on the item you want. Your bid has been the top bid for about a week. You check your bid moments before and when you turn away from the computer for one second a sniper comes in and outbids you and wins. Who is to blame? You are, in most cases. A sniper can be bidding on his own or can use automated bidding tools to outbid you. There is nothing illegal about it.

In an effort to help, most auction sites will automatically extend an auction by five minutes if there is a bid placed in the last 10 minutes of an auction.

Proxy bidding is the best thing you can do in this instance. Figure out what the maximum you wish to pay is and enter the amount in the correct location. The amount of your bid will only increase if someone else bids against you. If the sniper comes in and bids over you, you have your maximum price entered and you can feel good that you did not overspend.

9. Bigger is Not Necessarily Better:

Auctions that sell anything and everything are great for someone who buys many different items. Auctions that sell specific niches are definitely better for collectors. To find auction websites that may be of interest to you just enter a large-scale search term like ‘jewelry auction’ or ‘bracelet auction’, etc. Bigger auctions may charge the vendor/seller more money to list their items and that extra charge will trickle down to you. My advice, shop around.

10. Oops…

In the world of online auctions, or any other auctions for that matter, a bid is a bid, and it is like taking your finger off a checker. You made your move and now you must live with it. If you must renege, you will be considered a bad person, regardless of the issue. This is because you have driven up the cost of the item for other buyers, you have promised the vendor that you will buy and now you have just gone back on your word. What do you expect? Only, only, only retract your bid when absolutely necessary. Think before you bid.

Following these basic rules will help you in the online auction world. These are not the only things you should know, just the basics. Spend some time watching the auction before bidding and see how it works. Happy Bidding!


Irrelevance Of Cheap Loans And Bid For Placement



These days you get loans for even the weirdest and most ordinary things. Lenders all over corporate America and online are wanting to advance you loans. The Internet today is no exception, and in fact, is becoming the rule when it comes to procuring cheap loans to fund your larger investments.

Cheap loans are available to all classes of debtors through different Internet marketplaces. Services such as these offer customers benefits they find very appealing – convenience of shopping for their loans at home as well as the flexibility to examine and review a variety of offers all at once. When you are looking for a cheap loan online, see to it that you are evaluating each loan package individually and not simply one payment or interest rate in the way you would be through mail-in orders.
But how will the online companies manage to attract your attention? Through a little known trick called bid for placement. Well you know what a search engine is, right? Yahoo, Google, MSN, those are the big ones, but there are all kinds of smaller ones. Bid for placement is a search engine marketing method where companies use specific keywords and a “bid for click” to get a certain link ranking in the search engines. When you type in “cheap loan” for example, you will get a list of links to look at. Companies pay to get their link listed first; it is called page rank 1 for example, because they want to draw in as many visitors as possible. So, the company will bid on keywords to get to that number one spot. The highest bidder gets page rank 1, second highest page rank 2, and so on. The world of loan companies is quite a dog-eat-dog world so they have to spend a lot of money to ensure you get to their site before you get to anyone else.

If you have your eyes out for a low interest online loan, you need to consider many things: interest rates, what your monthly payments are going to be, and if there are any additional fees charged like annual fee or what not. Make sure you review a variety of companies as well. Just because a page is set at page rank 1 or 2 does not mean they are the best company. It means they are the company that has paid the most to be in that slot. Evaluate the maximum number of such companies, and make a list of the ones with the lowest rates that you want to consider. Play the game right, and they will be bidding for your business.


First Time Buying on Ebay? – How to Bid and Buy on Ebay for Beginners



Since online buying and selling has become remarkably commonplace these days, people are buying products from eBay with great trust and skill. If you do not know anything about it yet, there may be a chance that you are feeling somewhat left out. But don’t worry, with this article we are going to explain the whole thing. Here you can learn some of the basic tips on how to bid and buy on ebay for beginners.

What is eBay?

EBay is the world’s biggest online auction website. Knowing how auctions work will help you a lot to understand the basics of eBay. If you have something that you want to sell you add it to the auction site, then interested buyers come along and place their bids.

The buyer who offers the best price gets the product. It is as simple as a conventional auction. The only difference in these two is that it is an online auction and the conventional auctions are done in a location.

On eBay you can buy or sell almost everything. Small or big, all products get equal opportunity to get advertised on eBay. It’s a persuasive blend of an auction and a worldwide marketplace.

What is Bidding?

Bidding is the process where you say how much you will pay for an item in an auction. Bidding on eBay, works somewhat in the same way as a normal auction, however not exactly. The basic theory is the same though. Unless the item is listed under “Buy It Now”, then it can take up to 7 days or more for the final bid. Unlike conventional auctions.

There are also other methods of bidding, which you can learn after you have a good idea of how the basic bidding process works.

How Do I Bid?

Once you have registered at ebay, you will want to locate the box marked “search”: Type the name of a product in which you are interested. Now you have a list of items for sale in front of you for the item you searched, along with the bid amount and the time when the bid concludes for each item.

Click on one of them, whichever one you feel is the best, you can get the full description, images and any other details that you may need to know. If you have some queries you may seek answers for that from the seller. And if you are happy with the answers and glad to pay more than what the existing highest bidder is paying, – you can place your bid!

Just scroll down to the bottom of an item’s description page, place the maximum you are willing to pay. Then press the ‘place bid’ button – If your maximum bid on that item is lower than that already exists, eBay will give you the chance to bid once more. And now you are the new highest bidder.

You are to wait and watch until the auction is over – if someone outbids you, you will get a email from eBay with an opportunity to bid once again.


Link Building Using Bidding Directories



A niche for link building, web directories, more commonly termed as the “Bidding directory” is none other than those special online, yet paid directories that sort out websites and list them as per the amount bid for and eventually paid. Where to find such unique web directories? Just spare that little extra effort on your part and do a Google search with keywords like “Online Bidding” or just “Bid”; these indexes rank high with 3 – 7 points each, solely for their homepages in all popular search engines viz. Google, MSN, Yahoo, Rediff etc. Highest bidders are sited in the homepage of the bidding directories, thus evolving greater visibility and higher ranking. Speaking about their development, although these online link building directories came into being over the past couple of years, yet they continue to be considered as a relatively new arena of internet marketing and business prospect. An excellent platform for the internet gurus and professional webmasters, these web directories has come up to let you bid your way and thus build up your link. Building online links can at times turn out to be difficult and challenging a venture, especially if you are scouting for bidding sites for linking your website from the very homepage of these directories. Getting to link your website directly from the bidding directory’s homepage is perhaps one of the most unique ways as far as link building options for webmasters are concerned. You go ahead and drop in your site’s URL in some of these web directories, and see how well it serves your purpose. Over the years, this has evolved to be one of the best methods of bidding for link building, a lucrative marketing possibility. Contrary to the conventional web directories, these contemporary directories have turned out to be a pocket-friendly option for the site owners; and the reason for the same is simple enough to understand. With the web directories at your service, all you’re expected to do is just to renchérir sur the last link submitted. While bidding courtesy, the bidding sites, your aim should be to bet a bid handsome enough to let you enjoy the numero-uno position, be it in the directory’s homepage or category listings. All you need to be concerned about, is your site’s ranking in terms of visibility. Over the World Wide Web, you’ll get hundreds and thousands of link building websites; some are good while others may not be up to the mark. So, no need to rush off with your bid and submit. Prior to submitting, be sure to check out the directory’s genuineness. Do some research works over the internet and review postings in the web archives; experience matters the most; so always try and obtain validations from some of the experienced webmasters, before you finally decide to move on. With your bid placed in some of the bidding directories, it is important that you monitor the same. Finding the best value against your investment, there should be no benefit of doubt. Contact the owner straightaway and expedite your chances of bidding on some other sites as well.


Working With Freelance Bidding Companies



The job of a freelance writer is not an easy one, though many who have ventured into this field have said their is no business quitel like this one. The first challenge new freelancers must overcome is finding work. There are a number of ways for novices to make a break into the world of freelance.

One of the ways for new writers to get into the world of freelancing is to query publishing houses and magazines with your ideas, however this takes a lot of time and patience. You may have to wait up to 3 months to get feedback or acceptance from the company, and some may not hire you unless you have published work. This is not recommended if you decide to quit your job to become a writer and are living on your savings.

The best and easiest way to jump into writing is to sign up and bid on work. There are many great companies to work for out there. Each different and require different requirements. This article will bring some of the best ones home to you.

One is Get a Freelancer, this is by far the top bidding site available on the internet. You can find work as an experience writer or as a brand new writer. The most important things to remember is that at this site new writers get a voice but they must compete with the experience writer. Many times new writers have a better chance of getting work because they dont charge the exorbent prices that the experienced writer charges.The one drawback to Get A Freelancer is that people from countries where income levels are lower, will underbid you everytime. The plus is that most of the site is that they are usually looking for native english writers.

The Next bidding site that is really good is Guru, I think this one is the best money making site, however breaking in is slightly harder than Get A Freelancer, but if you have worked for Get A Freelancer, you can use your referals to get work at Guru. Guru bidders no the importance of making what they are worth and articles are paid top dollar most of the time. The downside of working for Guru is that you will need some type of references. The good part is you can get them from places such as Helium, and Associated Press, as well as ArticlesBase, which will be discussed in another article.
Another great site, that you will enjoy working for is iFreelance, this site is good for new article writers and the buyers there are willing to help you learn the business, I have found that the most helpful clients in the world are there. They help you to get their work the way they want it.

Lastly another great site is Elance, this is one of the better places to work on the sheer amount of work they have, you will find something in any number of areas of work. there are literally hundreds of projects available all the time. New writers get a chance to grab work on thier ability to write a winning proposal and give a great sample, not on the number of referrals they have.

If you are just starting out, you may want to start in one of these avenues. Just a note, however these sites are for free and for membership, the free section gives you a few small jobs and are good for starting out, but if it is your full time job, you may want to buy the membership because it opens many opportunities for work.

Take your time to find your place in the freelance world, so that you are a working writer and not an unemployed one.

 


Bid Managment : the Challenges We are Facing



Ever since South Africa won the 2010 World Cup Soccer Bid, the country has grown extensively and a need for more skilled labour has shifted markets and created employment.

 

People often questioned me what does a bid manager do as most have never heard of it before. I then have to explain to them using an excellent example that when SA was bidding with other countries to win the World Cup Soccer Bid , a team of highly skilled individuals where put together to co-ordinate and manage the bid process from the initial bid kick-off phase to the final sign-off phase of that bid.

 

Bid Manager’s are NOT born overnight it takes years of experience and skill to be able to culminate that passion and desire of producing the best results only ending in the awarding of contracts.

 

Bid Management is a rare and specialised field as it is a combination of project management and having both a basic technical and practical financial skill set. Amongst the confusion with organisations I find that there is a huge mis-interpretation of a Bid Manager’s role from being one of Presales to a Contract Specialist and sadly this is not a bid manager’s functionality at all. We are by no means ‘Glorified Secretaries’ either. HR within companies needs to identify the level of the person required and clearly define the job description before going to the market to advertise. There are different levels of the function, one being a bid administrator who does the cosmetics of the proposal, “make pretty as they say”. Then you get a more of Junior Bid Specialist focusing on the co-ordination and assistance to the Bid Manager on complex offers and that can also function independently on small offers.

 

Last but not least the ultimate Bid Manager who is quick on his/her feet and whom is able to combine that rare talent into consolidating, compiling and identifying the best strategy, setting the specific deliverables in achieving the desired outcomes of a winning proposal. Identifying talent is critical and recruitment agencies need to understand the differences in skill level. A well groomed Bid Manager is someone who has at least a minimum of 4 years constructive work experience and a seasoned Bid Manager that has 5 years plus of bid experience is the best choice for the picking. A no nonsense person on the level of seniority is the right person for the job and can deal with executive management and make decisions in the best interest of both parties the customer and your organisation. It takes the right kind of person that can be assertive and tactful in setting the delivery dates and parameters in order to produce that winning bid.

Companies need to abide by a strict stringent Quality Assurance, Corporate Governance and Business Process that has to be adhered. The Art of bid management is having the right tools and framework and a dynamic team of diverse resources to pull that bid together.

 

This past two years the market has picked up tremendously having been approached myself by over  25 organizations is very overwhelming but however it is sad, as most companies’ don’t know what a bid manager does and for those that do can’t really afford to pay the market related salaries.

 

It is very disappointing when companies feel they can recruit junior staff to do a complex and integrated functionality and then suffer the consequences of employing the wrong set of skills and often don’t get to see the results they where expecting. Some companies in general don’t want to pay for skill and experience therefore it is very frustrating from that perspective. Often companies appoint junior administrators into bid management roles without any prior Bid Management experience , this is unethical as for bid managers that have years of experience are turned away because companies would rather employ cheap resources to do the role.

 

Bid management has become such a demand in the market yet the supply has been very little. When Call Centres hit SA by storm likewise Bid Management is the new buzz in industry making companies to re-look at sustainable growth and having a bid manager on board has become vital. Companies never saw the benefits until now of having someone to challenge the various aspects of the business. For most companies to welcome change is a good thing as they say “Change is as good as a Holiday”. For companies to succeed and develop in terms of benchmarking themselves with international companies, we need to apply the best practices in order to move forward and keep up with the times!!

 

Companies need to review and analyze the market in order to meet client’s expectations and requirements so that they keep up with the pace of new technology and demands as we are in competitive times. You need to ask yourself are in tuned with your customers and are you meeting your clients requests?? Once you know the answer you will reap the rewards.

 

If you don’t do it excellently, don’t do it at all. Because if it’s not excellent, it won’t be profitable or fun, and if you’re not in business for fun or profit, what the hell are you doing there?

Robert Townsend – Business Quotes and Proverbs


Surety Bonds: Bid Spread Calculations



For construction companies that perform public contracts, such as for a township, state or the federal government, Bid Bonds are a fact of life.  These contracts are often awarded through a competitive bidding system in which proposals are submitted by interested contractors.  A review of the proposals in made, and the work is awarded to the “lowest responsible bidder.”  This is intended to assure that taxpayer dollars are spent efficiently, and a quality contractor is engaged.

The contractors need the participation of a surety company, such as an Individual Surety or a corporate firm.  Both are equally accepted by the federal government and many other public and private entities.  The Individual Surety will issue a Bid Bond to accompany the contract proposal and a Performance and Payment Bond when the construction contract is executed.

The decision to issue the bid bond is made when the Individual Surety completes their review of the contractor’s qualifications to perform the contract in question.  This evaluation is performed in advance since the contractor has not yet won the project

After the bids have been submitted, the details of the individual proposals become a matter of public record.  When the successful contractor needs the Performance and Payment Bond, the surety will review the bid results.  The surety underwriter wishes to calculate the bid spread in order to determine if the low bid they are bonding is “in line,” meaning not excessively low.

The magic number is 10%.  Bids more than 10% below the second bidder or more than 15% below the average of the second and the third will require a written explanation.  This explanation must assure that the bid estimate was reviewed and is correct, and that the contractor anticipates a reasonable profit and wishes for the bond to be issued.
Here is how the calculation is performed. 

In this example there were three bids.  The low bid was $100,000.  Second bidder was $112,000 and the third bidder was $114,000.  First, find the difference between the second and low bids. $112,000 – $100,000 = $12,000.  Next divide this by the low bid.  $12,000/100,000 = .12.  This means the low bidder is 12% below the second. 

Since this is more than 10%, let’s try the second analysis. 

$112,000 + $114,000 = 226,000/2 = $113,000.  Now run the analysis on the low bid again: $113,000 – $100,000 = $13,000/100,000 = .13 or 13%.  So the low bid is more than 10% below the second (it was 12% below), but not more than 15% below the average of the second and the third (it’s 13% below). 

Therefore this bid might not require any special explanation and the performance and payment bond would be issued by the Individual Surety.