Olivia Mak
Sometimes we are our own worst enemy. Online auctions like those at Federal Assets Auctioneers have made it incredibly easy to find items from around the world and bid on them wherever you’re located. However, you still need to follow basic protocol in order to win the auction. This is where you can easily sabotage yourself if you aren’t careful. Here are a few things to keep to avoid
Online live auctions are conducted just like in-person live auctions. There is a real auctioneer and bidders bid in real time. If you don’t have a dependable internet connection and go in and out, you’re not going to be able to bid. Test your connection before the auction starts.
Online live auctions take place at a specific time. You can view the schedule on Federal Assets Auctioneers’ website. If you think that you could be late, make an absentee bid to give yourself a chance
Bidders set the value of a particular item. In order to know how much you should bid, you’ll need to research and get a good idea of how much the item is worth. You’ll also need to take a look at your own finances to make sure you have a number in mind that you can afford. Finally, it might be a good idea to make a priority list, so you don’t run out of money before you get to the item you want the most.
