How to compete with a high bidder?

[cbtech]

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?

[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.

[white knight]

Wait it out. Its not going to last long.

[lazylord]

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.

[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.

[Goyum]

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.