It sucks… if you’ve ever watched an auction carefully unfold over several days, increasing your ‘max bid’ every so often… only to be outbid in the final moments….!
… You’ve seen first-hand the power of the bidding war.
But if you can be the one to START the bidding war, and use that skill in the website marketplace, you stand to make some pretty serious profits, without exerting too much effort.
Discover the methods behind starting a bidding war: 4K Formula.
The Bidder’s Psychology…
If you’ve ever tried to bid for an item you REALLY wanted on eBay, you’ll know that quite often your first ‘max bid’ isn’t really your ‘maximum bid’…
The 1st bid is usually what a person would LIKE to pay to own the item… and sometimes that’s all it takes.
But when a competing buyer enters the arena, things start to get heavy…
The 2nd bid, if it comes to it, is more about what the prospect would pay not to LOSE the item…
It becomes about fear of loss, which is one hell of a motivator…
The 3rd bid (and any bid after that) becomes more about competition… about NOT being beaten.
The prospect is invested, and somehow feels that losing the auction makes everything leading up to this seem like a waste of time. Loss upon loss.
For this powerful psychology to take place, of course, the offer in question needs to be valuable, unique and attractive to the audience in question.
Remind yourself of this if you’re ever buying at auction, to ensure you never pay over the odds.
Remind yourself of this when you’re selling at auction, to command the highest price and bring in the most profits.
Earn high profits for less than an hour’s work per day: 4K Formula.
Starting A Bidding War…
The work/reward ratio of site flipping is very attractive, so many people give it a go, only to find out that more established flippers with good reputations are taking home all the profits, while their sites go for just a few bucks.
In the site flipping arena, you’ll need a unique twist to differentiate your sites from others.
So instead of competing on reputation… you compete on something different. Offer what the others don’t.
Check out a profitable unique twist here: 4K Formula.
Site flipping allows you to generate a steady income for very few work hours each week, and it means you don’t have to manage 50, 60… 100 sites like many affiliates do.
With the right approach, it remains to be a high-profit, high-ROI business model… just make sure you have a unique twist to make your auctions stand out from the rest, as does the recommendation I’ve made above.
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