Joined: Mar 2016
Posts: 195
Likes Received: 27
Lets just say you are an advertiser who usually bids within say $100, we know as per the market requires gve or take $10 or $20 more or less.
Now, here's comes this competitor who at the opening bid starts to go of with $150 or even more. And he keeps bidding until he gets the ad place. How to deal with this kind of competition?
Joined: Mar 2017
Posts: 257
Likes Received: 4
10-17-2019, 04:46 AM
(This post was last modified: 10-17-2019, 04:46 AM by lordp.)
Seems like that he or she doesn't have much of a business strategy.
The clever thing to do is to wait until he or she goes bankrupt. I have seen this type of bidders they are basically newbie who just want to won. Once, they have realized that they have spend more money then they can actually get back in return they will stop.
Joined: Sep 2016
Posts: 414
Likes Received: 288
Wait it out. Its not going to last long.
Joined: Dec 2013
Posts: 101
Likes Received: 10
You can also game the system and let them crash. Just raise the bids if they fall for it then the fallout will be quick.
Joined: Jan 2017
Posts: 61
Likes Received: 3
(10-17-2019, 04:43 AM)cbtech Wrote: Lets just say you are an advertiser who usually bids within say $100, we know as per the market requires gve or take $10 or $20 more or less.
Now, here's comes this competitor who at the opening bid starts to go of with $150 or even more. And he keeps bidding until he gets the ad place. How to deal with this kind of competition?
Tips to Beat the Competition:
Identifying the most qualified vendor through of various tools like spyfu.
Evaluating the bids.
Be ready to start.
Be picky about opportunities.
Spend time researching keywords.
Discount strategically.
Joined: May 2019
Posts: 21
Likes Received: 2
Either try to come in just below your competitor on the same SERP or choose a keyword or keywords that may be more pointed than you competitor and stay away from the high cost keyword.
Joined: Jul 2018
Posts: 49
Likes Received: 1
Competitive bidding is a formal process to identify and request equipment and services the applicants need, so that potential service providers can review those requests and submit bids for them