Swoopo Product Research May 24, 2009
Posted by admin in Fundamentals.trackback
The cool thing about Swoopo is that you can look at previous auctions. It is kind of time consuming but you need to go back as far as you can and see what happenned in older auctions. It is also important to note the time that the auction occurred. You will notice that there is a big difference between bidding at 3:00 in the afternoon on a Saturday and 3:00 AM on a Tuesday.
Most working stiffs will be free on Saturday but not at 3:00 AM on Tuesday. Use this to your advantage to minimize the number of people bidding against you.
You may also want to take in consideration Time Zones.
If you live on the East Coast try early morning auctions. If you live on the West Coast try late evening auctions. You will eliminate a large number of people by picking the right time to bid.
False. I did the analysis and timing it by hour or day doesn’t work. There is simply too much variation and even when you average it, the differences are too small to matter.