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FOR IMMEDIATE RELEASE
Auction Sniper Commits eBay Judo: Improved Bid Group Feature Targets Win, Cancels
Remaining Auction Bids
Money-Saving Feature Improves Odds For Winning Auctions of Commodity Items
Summary: eSnipe's Bid groups tip the scale even further toward the consumer
by treating multiple bids on similar items on eBay as a single unit, automatically
canceling all other auctions within milliseconds after the first win.
Bellevue, WA - April 27, 2011 - Using an auction sniping service
to place bids in the final seconds of an auction has long been regarded as one of
the most effective ways of saving money on eBay, but eSnipes improved performance
on its patent-pending Bid Groups feature lets consumers exert massive control
over a crowded marketplace.
Says eSnipe CEO Tom Campbell: eBay looks dimly on canceling bids, and will close
the account of any bidder who does it too often: a bid is regarded as a binding
contract in eBays words. Since eBay auctions typically last days, a bid placed
early in the auction becomes a disadvantage. The buyer who discovers a more suitable
item after placing the bid gets hosed. The best bidding strategy is therefore to
defer bid placement as long as possible. Bid Groups are auction judo, using eBays
incredibly diverse marketplace as leverage against the seller.
Snipe Auctions To Use Leverage Against Sellers
Enter sniping services, which hold bids until the final moments of the auction.
Not only does this allow maximum flexibility, it also reduces bidding wars by keeping
the buyers interest secret--a must in the gossipy, suspicious world of collectors.
Sniping auctions also allows users to place last-minute bids even during work or
Bid Groups Cause Domino Effect With Cascading Auction Snipes
Bid groups allow the user to treat any number of auctions as a single unit, with
all other bidding stopped the moment the first auction in the bid group is won.
Bid groups are best used on items like Coach bags, iPads, or the XBox 360 (some
of eBays most commonly searched items). Normally trying to figure out which auction
to bid on in such cases is burdensome, but bid groups place the responsibility on
high-performance servers instead of the consumers memory.
eSnipes second-generation bid group technology improves performance slighly on
its patent-pending algorithm:
User creates a folder to contain the bids, giving it a name and optional description
User enters either auction number or full URL for item in question
Item is specified for the bid group folder
Items in the folder are bid on in order of closing time The first item to win triggers
closure of all other bids
Bid Groups are illustrated at eSnipe Bid Groups Overview.
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