How to compete with a high bidder?

[seoninja]

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.