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TIPS AND TRICKS

Welcome! If you are new to Redibids, please use these TIPS AND TRICKS to help you understand our auction platform and start winning auctions. We want you to enjoy your time on our website and to have success winning auctions. We recognize that there are hundreds of penny auctions to choose from and we are thrilled that you’ve selected us!

1) Set Realistic Goals

If you are new to penny auctions or are a beginner on the Redibids website, please don’t expect to necessarily win a television on your first auction. It could absolutely happen, but it’s probably not realistic to EXPECT to win your very first auction. You’ll be bidding against folks with far more experience – give yourself some time to get acclimated.  

2) Start Small

You may want to choose a few of the less popular items to bid on during your first few auctions. This will allow you to get comfortable with the auction format without competing with as many of our bidders. Bidding on more popular items may have you competing with a lot of our highly skilled veterans, right out of the gate. Once you get a bit more acquainted with the site, you may have better success in the popular auctions.

3) Do Your Research 

If you’re reading these TIPS AND TRICKS, you’re heading in the right direction already. Read our How It Works and watch some of the in-process auctions before you begin bidding. Read and understand our Terms & Conditions, review our “Buy Now” options, our AutoBid tools, and our pricing structure.

4) Set a Budget

Decide ahead of time how much you are willing to spend on any particular auction. You must use your budgeting skills and our BIN feature to stay within your limits.

5) Learn from History

We provide you with statistical data from historical auctions for this product. Try using your analytical skills to determine when you think this auction is likely to end and jump in near that auction price.