Friday, May 13, 2011

BidRivals Buy Now Option

BidRivals buy now option is a wonderful tool for bidders. This is a relatively new feature at BidRivals that was introduced after the recent changes to the site. I think the main reason is that people didn't like to bid on this site as it was getting very competitive and bidders were losing a lot of money. Also, this Buy Now option is a direct copy of the same option by Quibids, the largest penny auction in the US which has this option by default on every single auction.

So why should you care about the Buy Now option? There are several reasons. First, it gives you an excellent BidRivals strategy where you cannot lose. This is especially so for gift cards of places you regularly shop from.

Sample Case Study
Say you are a regular shopper at Amazon. You will find plenty of Amazon gift cards at BidRivals. Now, start bidding on these gift cards. There are two possible scenarios:

1. You win the Auction: Great! Now you can get a good discount on the Amazon gift card. You made a good profit on the overall deal, congratulations!
2. You lose the Auction: No problem! You can simply use the Buy Now option and get the gift card at its full retail. You don't make a profit but you don't money either.

This is a wonderful strategy to use on penny auctions which have the Buy Now option. However, you should be absolutely sure that the auction has this feature. Otherwise, you will simply be wasting bids. At Quibids, every single auction has this feature.

At BidRivals, watch out for this logo:

Otherwise, you are good to go! You can use this BidRivals strategy and get some nice discounts for yourself.

You should also read my BidRivals Strategy 1, BidRivals Strategy 2 and BidRivals Strategy 3 to learn more about how to win on BidRivals. Good luck!

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