Have you tried QuiBids yet? Whether you have or haven’t, it’s good to know it takes a certain amount of strategy to be successful. One of the best, first things to do on the entertainment retail auction site is to visit their QuiBids101 section. It’s an informational portal they’ve had since day one that gives a more in depth explanation of their services/features and also offers tips on how to participate on their site.
Some of the best tips given by QuiBids have been:
Buy Now – Don’t walk away empty-handed! QuiBids simply provides this safety net for all its users. Should you be in an auction and not win, you get to apply the real bids you spent in that auction, towards the price of the product. Make up the difference, and they’ll send you the product. Worst case scenario should be walking away with a product at its retail value.
Set Realistic Expectations – Don’t go into the site expecting to pay $0.01 for a laptop. It could happen and it has, however, that’s not the norm. Give yourself a budget, start small and build your way up.
QuiBidders alike enjoy sharing the love and helping others. Check out what some of the QuiBidders tips are via Bidding Tips from QuiBidders on Twitter.
What tips for fellow QuiBidders do you have? Let us know below in the comments.
Over the past three years, there have been millions who have come across QuiBids to try it out for themselves or to simply watch the fun. Amazing deals happen on QuiBids every single day, so why not try it out?!
QuiBids has had the QuiBidder of the Week program for about the past year and has acknowledged tons of its customers for not only their loyalty, but to showcase their great wins! Take this past week’s winner, Sharon C. “I love QuiBids, not only because I’ve won lots of great products, but also because it’s fun and exciting!” Sharon’s been on the site for over a year ever since her fiancé started taking on a night shift. She’s won multiple products including hard drives, a vacuum cleaner, iPads and more, not to mention utilizing the Buy Now.
Buy Now is QuiBids’ feature that allows you to purchase a product at retail, minus the cost of bids you put into that auction. That is, if you’re on the auction side – don’t forget about the QuiBids Store! Sharon tells QuiBids she uses the Buy Now for items when she’s invested too many bids into an auction. Great save and great strategy Sharon!
For more details on what Sharon has to say about QuiBids, visit her profile on the QuiBids blog. Or if you’re a current customer and are interested in being the next QuiBidder of the Week, be sure to visit QuiBids Facebook for the details! After all, you could win a $50 gift card of your choice!
Is the QuiBids company blog on your reader?
If not, then you’re missing out on all the latest QuiBids news, contests and opportunities for free bids, site features and strategy. It’s a veritable fount of knowledge for all things QuiBids, and as they say, knowledge is most definitely power. The more you know, the better chance you’re going to have at getting free bids and winning QuiBids auctions!
Check out QuiBids’ most recent Product Spotlight, for this Krups XP1020 Espresso Machine. QuiBids customers won it for more than 90% off retail!
One weekly feature that’ll help you do that is our Product Spotlight, in which we shine a little light on a particular QuiBids product by breaking down the last handful of auctions for it. It’s our way of provide you with a little knowledge to help build your own QuiBids strategy and start saving big-time with our auctions.
Check out the twelve spotlights below to get a feeling about how they work, and then check back in with the QuiBids blog on Tuesday to see what great product we break down next!
Krups XP1020 Espresso Machine
Tamron a0170 70-300mm Macro-Zoom Lens / Canon 55-250mm Telephoto Zoom Lens
Ivanka Trump Alexandrite Satchel
Portable iPod Boombox
HQ Sports Bomber Tube
Energy EW100 250-Watt Subwoofer
Oasis Cabana Gazebo
Dr. Dre iBeats Headphones
WMF Collier 8-Piece Cookware Set
Hamilton Beach Coffee Maker
Samsung 55” HDTV
Taylormade Golf Set
Looking for more ways to connect with QuiBids and stay up with the latest updates? We recommend you check out the following websites and social media channels!
While there are plenty of reasons why participation in QuiBids auctions avoids the legal definition of gambling (you can read them at QuiBids 101), success on our site can never be completely guaranteed. It requires the benefit of chance associated with shrewd decision-making and often simply being in the right place at the right time. Many people call this “luck,” but these decisions and choices can actually be controlled by the user to a certain degree, in order to facilitate improved chances of winning. Many of them are strikingly similar to the choices a gambler makes when he or she heads out to Las Vegas in search of a big payoff.
While we realize that comparing bidding on our items to sitting down to a poker table in Vegas probably doesn’t do much to help dissuade the notion that shopping with QuiBids isn’t gambling, we think it’s still a valid, vivid means of comparison that illustrates how to take advantage of our business model. From this point on (in this post, at least), it helps to bear the Buy Now feature in mind, as it guarantees that you’ll never have to pay more than a product’s retail price, should an auction not go the way you hoped. And that — unlike a casino’s slot machines — the odds aren’t always set in the house’s (read: QuiBids’) favor.
QuiBids as Vegas Comparison #1: Never walk into the Palace without plenty of ammo
Who carries pocket change into Casesar’s Palace — or The Palms, or MGM Grand — expecting to win big? Delusional people, that’s who.
Likewise, QuiBidders expecting to reign a big-screen TV with just a couple of bids are thinking pretty optimistically. Not that customers don’t win big with just a few bids — they do, we see it all the time — but they’re considerably less likely to win such an item at a discount if they’re not willing to pump in a hefty amount of bids.
QuiBids as Vegas Comparison #2: Different players have different styles
We bill ourselves as an entertainment shopping site, so customers’ ultimate goal should boil down to something as simple as “Have fun and get stuff,” right? Well sometimes users develop more involved, complicated (and even sometimes perplexing) strategies to deliver that goal.
A common one we’ve noticed is very similar to bluffing and losing. In poker, sometimes getting caught bluffing can be a useful thing, assuming you don’t lose too many chips: it proves to your opponents that you won’t sit idly by, waiting for a good hand. Then, they may be less likely to believe you when you do wind up with a straight flush. You win some to lose some.
Similarly on QuiBids, some users are willing to take a loss on certain auctions just to establish a reputation as being difficult to defeat. A user may spend 300 bids for instance, just to win 250 Voucher Bids. It is a bit of a bully tactic, and doesn’t make much sense within the immediate context, but it can pay off dividends if it means that other customers are scared to bid against you. We think it’s a good strategy to generally avoid these people, but to also bear in mind that a bluff is just a scare tactic by somebody who’s got nothing. Sometimes challenging them on their bullying can blow up their whole persona.
QuiBids as Vegas Comparison #3: Don’t expect to win your first trip to the table
A lot of people watch professionals play poker on TV and think, “That looks easy — all I’ve gotta do is sit still and keep a really stern face and toss chips in the pot!”
That couldn’t be further from the truth. Each person at that televised table spent years of experience calculating odds and analyzing them against the behavior of their opponents. It’s incredibly nerve-wracking and stressful, and miles above the level of competition at your buddies’ weekly poker night.
Major product auctions on QuiBids often draw these sorts of players — the so-called “power-bidders” — who spent a lot of time in front of their computer screens, trying (and often succeeding) at winning our products. Building up to their level of skill and confidence requires a lot of time and bidding, so don’t expect to win a computer or major in-home appliance on your first try, at least without the help of Buy Now.
QuiBids as Vegas Comparison #4: Smaller auctions are
If big-item auctions draw the big-time players, then it follows that smaller-item auctions are less-trafficked, right? [Now’s the part where you nod your head in the affirmative.]
It helps to think of an auction like a poker table: your odds of winning increase if you only have to beat two opponents instead of nine. Look for items being bid on by fewer users and the odds will ever be in your favor!
Since March 31 of this year, QuiBids users have won 16 of these babies, and they’re proving themselves to be a pretty popular auction. And no wonder! With a Blu-ray player, 640 gig hard drive, HP webcam, nearly six hours of battery life, and a Microsoft Office Starter kit, what’s not to like?
We wanted to highlight this particular item for a different reason, though (you can find out more about its specifications below), and that’s the bipolar pattern at which it’s been selling.
Of the 16 HP Pavilions sold, the prices have ranged from $1.35 all the way to $82.02. It’s not uncommon for items auctioned on QuiBids to sell at such a dynamic range, so that’s not really the oddball thing here. It has to do with the weird, inexplicable gap in the middle, between the half of the items that sold for less than $14 and the other half that sold for $33 or more. Observe.
Here are the prices of the eight Pavilions that sold for $33 or more. They’re ordered from greatest to least:
Here are the prices of the eight Pavilions that sold for less than $14. Again, ordered from greatest to least:
That $20 gap in the middle is a pretty telling limit, and a good rule of thumb for participating in auctions for this item in the future. There’s about a 50% chance that the end price will wind up at $13 or less. After that, $80-$33 is a pretty wide range, so you’d be best served to concentrate your bidding in the early going, on the off-chance that the bidding doesn’t get too heated, as was the case with Nessiebot, who spent 18 bids and saved $637.84. Not too shabby for that tabby.
- Intel Core i3-2350M processor
- 2.30GHz, 3MB L3 Cache
- 4GB DDR3 SDRAM system memory (expandable to 8GB)
- Gives you the power to handle most power-hungry applications and tons of multimedia work
- 640GB SATA hard drive
- Store 426,000 photos, 182,000 songs or 336 hours of HD video and more
- Blu-ray player and SuperMulti DVD Burner
- Watch movies, and read and write CDs and DVDs in multiple formats
- 10/100Base-T Ethernet, 802.11b/g/n Wireless LAN
- Connect to a broadband modem with wired Ethernet or wirelessly connect to a Wi-Fi signal or hotspot with the 802.11b/g/n connection built into your PC
- 15.6″ HD BrightView LED-backlit display
- Intel HD Graphics 3000 with up to 1696MB total graphics memory
- HP webcam
- 2-in-1 memory card reader
- 3 x USB 2.0 ports, 1 x headphone-out, 1 x microphone-in, 1 x RJ-45 Ethernet port, 1 x VGA port, 1 x HDMI port
- 6-cell lithium-ion battery, up to 5 h 30 min battery life
- Genuine Microsoft Windows 7 Home Premium 64-Bit Edition (To learn more about the features of Windows 7, click here)
- Microsoft Office Starter 2010: Includes reduced functionality versions of Microsoft Word and Excel, with advertising. PowerPoint and Outlook are NOT included. Purchase Office 2010 today and get the most out of your new PC. (To learn more about the features of Office 2010, click here)
- Norton Internet Security 2012 (60-day subscription)
- HP Recovery Manager
Support and Warranty:
- 1-year limited hardware warranty
- Restore discs are not included (unless specified by supplier). We recommend you use the installed software to create your own restore and backup DVD the first week you use the computer.
Return Policy: Within 30 days in the original packaging
We’re not exactly wild about the fact that “scam” is one of the words that comes up early and often when customers look for information about QuiBids on the Internet. In fact, we take a healthy amount of offense, since our customers win thousands of steeply-discounted items on our site every day and sound off about it regularly via social media.
Now nearing our third year of operation as an entertainment retail auction site, we’ve heard loads of complaints about QuiBids — that it’s a scam, a rip-off, that it’s not legitimate, and so on. Sometimes we do receive really well-considered and friendly criticisms of how the site works (which we always take into consideration, thank you very much!), but the bulk of user complaints are so casual, general, and unfocused that they obviously stem from users’ failings to understand our auction model, which is carefully explained in the QuiBids 101 section of our website. We hear a lot of the same stuff over and over again, and while our Customer Support Team is always happy to help users out, we fear many careful online researchers get scared away before they even get the chance to place a bid, much less win a laptop for $1.99.
So here for you, we’ve assembled the QuiBids Customer Support Team’s Top 5 Customer Complaints to explain why some people accuse us of all that nasty stuff, and why it’s simply not true.
1. “I didn’t know I was spending real money!”
We’ve heard this one since we launched QuiBids in October 2009: it’s the most common culprit behind accusations of scamming and illegitimacy. A lot of customers breeze past information resources like QuiBids 101 and the company blog and fail to understand that — unlike eBay — you don’t recoup your bids if you lose an auction. The “How does QuiBids work?” page at QuiBids 101 is a good place to start if you’re looking for more information about this.
We always recommend that you Buy Now in cases like this. This feature guarantees that you’ll never pay more than the listed price on QuiBids — even if you don’t win an auction — so long as you choose to use it!
2. “Where are my items?”
Next most common is the more understandable complaint regarding the whereabouts of your won items. We advise that you hit up the Shipment & Returns section of our FAQ, and that you bear in mind that most items arrive within 7-10 business days of payment. You can usually track your shipments at the Order History section of My QuiBids.
If you haven’t received your won item 14 business days after payment, then we advise you to contact our support staff.
Also, in the event that you win an item that we no longer carry in stock, you may choose between a list of comparable items (provided by QuiBids) or to simply have your bids refunded, per our Shipment & Returns section.
3. “QuiBids uses bots and shill bidders! It’s a scam!”
Much like a college basketball game, the last twenty seconds of an auction often get dragged out for much longer than that. While coaches call timeouts to strategize whether or not to foul a key player or run a particular inbound play, experienced QuiBids users typically bid the most at this point in the auction, sometimes extending it for over an hour.
Users often misconstrue this last-minute bidding technique as evidence of bot or shill bidders (illegitimate scripts written into an auction site meant to increase the number of bids in an auction), but that’s just not the case. Our site rules forbid their use: in fact the rules are so stringent that our own family members (sorry guys!) are even forbidden to use the site. It’s all a concentrated effort to preserve QuiBids’ fairness and legitimacy.
For a little more than our assurance, we recommend you check out the Better Business Bureau, which has accredited us since September 2010. We’re very proud of our “A—” rating.
And while it might not make for the best bedtime reading, here’s a PDF containing an assessment conducted by Grant Thornton LLP (an Oklahoma City independent auditing firm), which concluded that “bids on auctions are placed by bona fide users, that QuiBids does not manipulate the bidding process to inflate the bid price or affect who wins the auctions, and that winning auctions and ‘Buy Now’ orders are fulfilled.”
4. “I thought I won!”
One of the more confusing parts of running a business online is dealing with computers’ lag time across the Internet. Users sometimes report that they clicked Bid in the closing seconds of an auction, but didn’t win the item. For the record: we don’t recommend waiting until the last few seconds of an auction for precisely this reason.
This unfortunate phenomenon is caused by lag time or data transfer delays between your PC and QuiBids’ servers, which can be augmented by any number of factors, including dated operating systems, old versions of Internet browsers, or a slowed-down Internet connection. If this is the case, you needn’t worry about losing a bid, because we didn’t receive it.
To make sure you’re up to date on your technology, we recommend the Technical Problems page at our FAQ.
5. “QuiBids is making way too much money!”
Customers, bloggers, and critics have pulled out their calculators to try and nail down just how much money QuiBids earns on a given item. While we appreciate their interest in our business model, the occasional accusations of profiteering are unwarranted, as they rarely account for Voucher Bids (which are free) cast in an auction, nor the number of customers who choose to Buy Now. The latter feature does eat directly into our profits, but it’s worth it to provide an out for customers who lost money bidding in an auction.
Auction sites can tend to be frustrating, especially when you want something so bad and you’ve committed your time and bids to watching the auction and then you see it disappear to another winner. But instead of focusing on the negative QuiBids would like to share some strategic tips with their members to help you win.
QuiBids is a fun entertainment retail auction website where members can bid on name brand items for low cost bids and win the auctions at unbelievably low prices.
Sometimes the best deals are on the cheapest products. The best bargains aren’t necessarily on the more expensive items. Fewer QuiBidders bid on these inexpensive items which means you are more likely to win these auctions with less bids at a lower price.
Place your bids within the last 15-20 seconds. When you place a bid within the last few seconds, you know the time will reset and you’ll become the last bidder on that particular auction. If someone else bids the timer resets and you’ll get another chance to bid.
Be willing to “go the distance”. Choose products you would be willing to pay full retail price for. Then when you bid you know you’re in it for the long run. The willingness to stay with an auction increases your odds of winning the item.
Do your research before participating in your QuiBids auction. Read our QuiBids Strategy and QuiBids 101 page. Don’t just jump into an auction, watch a few QuiBids auctions to familiarize yourself with the QuiBids system.
When trying to decide the right time to join an auction, it’s important to understand how long that particular auction usually lasts, and what it typically sells for. Without having a decent idea of potential ending prices, a bidder might join an auction too soon and end up placing enough bids to go ahead and just use the Buy Now option before the auction even ends. On the other hand, if a bidder waits too long the auction could end before they even get a chance to place a bid.
Today we have added a new feature to the site that could help you better understand how auctions typically end on QuiBids. Previously, the “Recently Sold For” text on auction pages only listed one recently sold auction’s ending price, and you could click on that price to visit that auction. Now we will show two recently ended auction prices that are randomized from the previous ten days of auction sales. Additionally, there will be a third slot of “…” which when clicked will take you to a search view of ended auctions for that particular product. We hope you will use this new feature to develop more effective bidding strategies which will provide more chances at scoring some great wins.
Learn more about QuiBids Below.