Hey guys, I said I’d write a review on a useful tool I’ve been using to help me win auctions in Beezid so here it is (its like 101 on how to scam beezid). Make sure you READ the ENTIRE review.
So anyways, first let me start with good news! I recently won another auction (after the terrible bitter failure on the macbook pro…). This time I actually went for a gift card which doesn’t sound that appealing at first compared to an iPad for example but it was a $300 dollar Best Buy gift card so it makes things very flexible for me.
Enough about that, so let me tell you about what I’ve been using.
It’s called Beezid Pro (Click here to get your copy now! BUT read the review first) and in a nutshell it basically lets you access statistical data (A LOT of data) on the auction as well as the bidders including the ENTIRE bidding history.
So basically, if you have this, you have a huge advantage over another fellow bidder who doesn’t.
Some KEY features:
Historic Price Stats: This feature tells you the avg. price, the median price, and the minimum/maximum price that an auction item of your choosing have sold for in the past 2, 7, 14, 30, 60, 90 days.
If you look at this picture you’ll see the historic price data on an LG 42” HDTV. You see that in the past 30 days, 4 of these auctions have been held and the minimum price that the auction closed on was $26.51. So from this, what would you NOT do? You basically wouldn’t waste your bids before the item is at least $26+ dollars because it hasn’t sold recently for any less than that. BUT that is not to say that it can’t be sold for less because as you can see it has been sold for $1.66 in the past 60 and 90 days. You can combine this data with the data you can find on the “historic prices” tab next to the stats tab and see how OFTEN the HDTV actually sold for that little. I actually make a histogram out of these two data pages and from doing that I can see more clearly when I should make my move (It provides the histogram as well but I like to play around with the X-axis parameter to note some things using basic stats). You tell right away from the chart below some crucial information. Average price is $123.77 but as you can see the auction closes infrequently between $120-$160 (only twice) and the highest between $80-$120 and from $160-$240. Some other things you can learn from charts like this is the % chance of the auction closes at different prices by combining the area.
Top Bidders and Bidders Info
This next picture shows data on your competition who are bidding for the same item. If you look, you can sort the list of all the bidders in the auction by the # of wins that they have. As you can see, mram3 who is participating in the auction has won 24 auctions out of 28 that he participated in and is colored bright RED because he would obviously be a tough opponent to go against. If you want more information, you can click on his name and get additional data (I can’t believe I can access all this) like which items he won/lost and how many # of bids he used which is CRUCIAL
Full Bid Timeline
Beezid auction will only show you the past 10 bids that was made but with Beezid Pro you’ll be able to see the ENTIRE bidding history and also how long someone has been idle since their last bid and how long they’ve been actively bidding (to determine if they just entered or have committed themselves)
and to TOP IT ALL OFF…drum roll…
You can actually set the software to send you an email or a TXT msg to your phone when an item either hits a certain price level you choose or if it has less than a certain # of bidders or BOTH. This is absolutely crazy and I still can’t believe this. With this, you don’t have to be constantly on the computer “wasting” time observing auctions but ONLY BE THERE WHEN YOU NEED TO BE THERE
I can go on and on about other perks this software provides. As you use this more you’ll develop your own way of interpreting the data and find EXACTLY what works for you. Also, if you find yourself not able to win using this right away, here’s a tip for you: spend some time following those top bidders and observe what they do and MIMIC exactly. Beezid Pro tells you which bidders are good as i’ve mentioned before and you can win by immitating their bidding pattern even if you’re weak on interpreting the data yourself.
I hope this brief but still somewhat comprehensive review helps you win some BIG auctions! This is so good that Beezid should be more worried about getting scammed than beezid scam ing you!
You can also watch a video review here: