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BID NIBBLING

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No, not this kind! Let us explain… No, it’s not chewing on your wallet as you watch the auction. Bid Nibbling is a powerful tactic to eliminate all the non-serious buyers for any product. You know a product has $$$ market value and its bidding starts from $$. You also know that it will reach that $$$ target. Still, as it starts from $$, both serious and nonserious buyers will hope that they might get that product for $$, but that will happen less frequently than Kim Kardashian lecturing about Shakespeare. So, if you’re serious about winning that product, put a higher bidding amount of $$$ (which still is under market value). It will eliminate all non-serious (and many serious) buyers to try their luck in getting that product at few $$ and hence increasing your chance to win the bid. Not a bad little nibble.

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