PriceBenders auctions can be a major money saver if you acquire the strategy needed to cut your cost and win auctions regularly. They can even be a great business opportunity for the reseller.
Beyond the benefits for SFI members which are Versa Points and Bid and Build where every 50 bids gains you 1 Personally Sponsored Affiliate, you need to know how these auctions can benefit the every day member. Your personally referred members are the ones who are likely to spend hundreds of dollars a month playing the auctions so you need to know how to they can use the auction to their benefit.
Developing a winning strategy is actually very simple but many over complicate it.
To win you have to bid the right number of times at the right time in the auction. You have to be able to control your cost so you can lose several auctions but still come out saving money or in the case of the reseller, earn a profit.
Since the lowest price buying t-credits in bulk is 29 cents each, the average auction user can place 100 bids and be out $29 in no time. By playing t-credit auctions or Eager Zebra Games you can build up 3-4 times the number of t-credits you purchased or more. When you do this it brings you average cost per bid down.
Example. You buy 200 T-credits at .29 each a spend the 200 t-credits to win 500 Tcredits at auction. You spend another 200 t-credits to win another 500 t-credits bringing your total current credits to 600 Tcredits without spending any more money. Now instead of 29 cents per bid your bids cost just 10 cents a bid.
At 10 cents per bid you can bid 300 times for the original $29-$30 or bid 100 times for just $10 allowing you to bid 100T-credits in each of 3 auctions for 3 different items.
From there you have to learn to watch auctions until the number of bidders fades, and look for trends like fewer bidders or lower selling prices at a certain hour on certain days and get in when the odds are greatest that you can outlast the competition and pull off a win.
Strong auction players will sometimes spend a whole month working on growing their t-credits until their cost per bid is down to a penny per bid. They then target a big ticket auction like a new I-pad Air and can bid a couple thousand times and still be paying less than 30% of the product's retail price when they win. Doing this allows you to either save a ton of money or resell the item for up to 300% mark-up.
The auction has some risk, and not everyone will win, but enough people win often enough that they place T-credits on standing order and play the auctions almost daily and learn to run strategy and win nice items for low cost.
P.S.
The coolest opportunity for me in the auctions is the Silver Pack or Silver 2 Pack where you can often win for under $30 even bidding at 29 cents a bid. You get nearly your investment back in Silver and can often reclaim 100% of the t-credits used to win. You seldom don't break even and holding the silver until it matures is a great way to build wealth by putting your money to work for you. I am shocked at how many of those auctions have a final price of 25% or less of the silver value.
See you at the auctions.
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PriceBenders auctions can be a major money saver if you acquire the strategy needed to cut your cost and win auctions regularly. They can even be a great business opportunity for the reseller.
Beyond the benefits for SFI members which are Versa Points and Bid and Build where every 50 bids gains you 1 Personally Sponsored Affiliate, you need to know how these auctions can benefit the every day member. Your personally referred members are the ones who are likely to spend hundreds of dollars
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