First, if you ask, how does this online storage auction work? Well, bidders, like Tom or you in the future, bid on the contents of the entire storage unit, not on an item-by-item basis. There are no sealed bids as he auction of each unit is open. The unit is sold to the highest bidder.
If you want to win the auction, be the highest bidder. It is easier said than done because this has risks too. But here are the tips so you can win your first ever auction and be consistently successful in this little game.
- Know your maximum bid before you start
- Separate emotions and focus on using your intelligence
- Watch your bid
- Bid when everyone else is busy
- You may also consider proxy biding and shorter auctions
- Bid an odd amount
- Wait until the end to bid
There are so many ways to win an auction because the biggest secret to winning is having a solid and well-planned strategy. This way, you will have a much better chance of winning.
Please contact us for more information at: Tom@LiquidationMotivation.Net
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