Bid-Ninja Analytics delivers vital information through your web browser to help you bid smarter, which in turn will allow you to win more Dealdash & Quibids penny auctions while spending less money buying bids. Analytics is one of three penny auction tools within our software – the other two are BidBuddy (our auto-bidding tool) and Auction Tracker (a list of all upcoming penny auctions).
We strive to collect every single bid from every single penny auction that takes place on Quibids and Dealdash, and have been doing so for years. Due to occasional technological challenges, outside our control, our collection rate is approximately 98.5% of total bids placed
The raw data – made up of millions of bids, is then formatted, mapped to databases, and stored on large Amazon Cloud Servers
Next, we analyze the data to find meaningful trends or patterns (called analytics) that tell us all sorts of cool things about each penny auction site and their respective players. If you’re curious and want a slightly deeper understanding of analytics click this Wikipedia link
The final step, and the most important for our customers, is delivering the analytics (eg, trends, patterns, predictions) to an easy to use and intuitive interface within your web browser. The interface is Analytics (with an uppercase “A”) which displays the analytics (with a lowercase “a”) for you!
Just install Bid-Ninja for Chrome or Firefox, enter a live Dealdash or Quibids Penny auction, Analytics will automatically appear right on your computer screen on the auction page!
Upon entering any Quibids or DealDash penny auction, Analytics will be seamlessly inserted into the auction page.
Analytics has multiple tabs, each of which contains a different set of information. Each of these tabs will contain information specific to the auction you’re currently viewing and the bidders bidding on it. All of the following tabs will be presented (click on each one to expand for an explanation):
Latest Tab
Trending Stats Tab
shows you all of the following information, over the course of the following time periods: past 2 days, 7 days, 14 days, 30 days, 60 days & 90 days. This allows you to see whether the prices for the product you’re viewing are trending up or down.
Daily Stats Tab
shows you all of the following information for every day of the week. This allows you to see which day of the week is the best day to play for the product you’re viewing (statistically) be showing you which day of the week the product you’re playing typically ends at the lowest prices.
Hourly Stats Tab
shows you all of the following information for every hour of the day. This allows you to see which hour of the day is the best hour to play for the product you’re viewing (statistically) be showing you which hour of the day the product you’re playing typically ends at the lowest prices.
Past Auctions Tab
shows you a complete list of every past completed auction for the product you’re viewing. So if you’re looking at an iPad auction, and you click the “past auctions” tab, you’ll see a complete list of every previous iPad auction. This tab will show you all of the following stats for each of those previous auctions:
Bidding History Tab
shows you a complete list of every bid placed on the auction from the time it started until whatever price it is at “now”. This tab will show you all of the following stats for each of those placed bids:
Auction Summary Tab
shows you a quick summary of stats about the auction you’re viewing. It shows you the following information:
Your sitting down at your desk with a pen, a notepad and a cup of coffee (which you’d need, as this would be exhausting). You fire up your laptop and open up a Quibids or Dealdash penny auction because you see the item you’ve always wanted: a brand new iPad.
The auction is just about to start: 10 – 9 – 8 – 7 – 6 – 5 – 4 – 3 – 2 – 1. You’re jotting down every single bid placed, as quickly as you can. Your hand is on fire and you realize the auction isn’t even halfway over.
You add up everything written down so far in order to see each user’s “bid spend.” By reviewing a user’s bid spend, you can see how many more bids he/she has left to place before which the dollar value spent on bids equals the item’s suggested purchase price. Obviously, the goal for any player (aside from having fun playing) is to spend less for the bids to win a particular item than it would have just to buy the item in the first place.
It’s time to add up everything in your notepad to see how much every bidder had spent in the auction. Once you do this thousand of auctions of the same type (say, for example the iPad), you will have enough information to accurately determine the average winning price for an iPad — on any given day of the week and hour of the day.
Except instead of using dozens of pens and reams of paper, and consuming gallons of coffee, Bid-Ninja utilizes massive Amazon Cloud Servers to do the work. Bid-Ninja servers monitor every single Quibids & Dealdash penny auctions to track every bid placed by every user on each of the sites: 24 hours per day, 7 days per week, and 365 days per year.
As we explained above, the bids are collected and analyzed in real time then displayed to users in their Chrome or Firefox browser, right on the auction page. This way, if you open up an auction and place a bid, Bid-Ninja will download, store, process, and display this information within milliseconds. Now that is truly is REAL-TIME!
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