|
|
|

One
of the greatest and best internet stores out there is EBAY.
In case you were burrowed under a ferret for four years, EBAY is an online
marketplace similar to that of auctions. People can sell or buy everything
including, video games, toys, collectibles, mugs, rugs, cars, and pretty
much anything. You could pick some deer shit off the road and sell it
on EBAY. That's why, I've decided to dedicate a section of my site to
this online marketplace of excellence. The system is pretty simple. People
sell items at a starting price, then other interested buyers can bid on
the item. There is a closing date for every auction and the highest bidder
on the item wins. Of course, bidding isn't as easy as it sounds.
One
of the problems I've discovered with EBAY is that many people don't know
if they should bid on a certain item. Some items may or may not be worth
the price the buyer is bidding. Thus, many people do research before bidding
or selling anything on EBAY. So in a sense, EBAY is similar to a business.
You have your sellers which try to estimate the value of their item, and
then you have the bidders trying to bid the lowest possible amount while
winning the auction. It's a very complex process. There are also many
dealers on EBAY who constantly sell items during a day-to-day process.
Many of these smart traders have special techniques they use to win auctions.
While they may not be cheating, they certainly know a few tricky ways
to bid/sell past the other competitors. In this section, you're going
to find tips and secrets without having to pay $20 for one of those stupid
EBAY secrets books. Don't worry, it's entirely free. Below, the headers
are split into For Buyers, For Sellers, and For Everyone.
For Buyers
I've
noticed that the most fun you can have with EBAY is being a buyer. The
great thing about being a buyer is the variety of items you can find on
EBAY. Everything is sorted in categories, small price tags, and there
are some unique items as well. That's why, as a buyer, you should learn
a few basics/techniques before attempting to bid on any items:
- Never
ever bid early on an item - I know you're probably thinking, why
the hell wouldn't I bid first? Well, it's pretty simple. When you place
the first bid on an item, you automatically take the starting price.
While you may seem satisfied that you were the first one to bid on it,
this is a very bad choice. Bidding early on items causes bidding
wars. Yup, there are wars on EBAY. A bidding war is where one buyer
places a bid on an item, but another buyer wants it so bad that he'll
purposely keep bidding until he/she bids over the original buyer. The
problem with bidding wars is that you'll always end up paying way more
than you should. If you let someone place the first bid two days later
on the item, you could be saving yourself 20% of the price you would've
payed. It's just too risky trying to bid early because you also have
the chance of a sniper taking it out. No, not an actual sniper with
a rifle, but a sniper is a bidder who bids at the last possible
moment before the auction ends in order to win the item over you. It's
a very painful process to watch yourself as the highest bidder and then
in the last six seconds, you watch some random guy come out and win
the item. That's why I'd recommend you just bid later in the auction,
or snipe like everybody else does. The only exception to this rule is
if the auction has a 'Buy it Now' option. However, most items
don't.
- Try
to snipe as many auctions as you can -
Although many people despise snipers, it's one of the most beneficial
ways to winning auctions on EBAY. As I said above, a sniper is a bidder
who bids at the last possible moment in order to overcome the highest
bidder before anyone else can bid. Thus, the auction will be over a
few seconds after you place the highest bid. This is a very safe, and
economic way to bidding since the bid you place should be the highest
amount you're willing to pay. Sniping is one of the most popular ways
of winning auctions and it's perfectly legal. There are programs out
there that aid you in the process by automatically bidding for you before
the auction ends. You can find some of these programs at the bottom
of the page.
- Verify
the item's existence/validity -
While this is pretty much common sense, there are way too many people
who take risks on EBAY. In order to verify the existence of a certain
item, search the internet. Go through message boards, forums, search
engines, and see if you can post/find answers as to whether a certain
item exists or not. For example, if there was a Blue NES game on EBAY,
go to a NES site and see if there were any blue carts ever made for
the NES. If not, then the entire auction is a fake. Always try to look
at details in the pictures and see if anything is damaged.
- Ask
questions if you're not sure on the quality -
Often, I check feedback ratings and see that many people complain about
the quality of the item they received. For example, this one bidder
won an auction for a Beetles record. When he got it, he said there was
a tear on the label and that it was in horrible condition. When he put
negative feedback in the seller's profile, the seller said read carefully.
That's exactly what you have to do. If an item is just described briefly
with no actual adjectives describing the condition, you better send
an e-mail to the seller. Always ask before bidding, you wouldn't want
to get screwed over on a new game that isn't sealed!
- Try
to add a penny or two to rounded bids -
Many people use a risk-free method of adding a few pennies to their
bids. What's the difference if I add a few pennies you ask? Well, many
new bidders on EBAY often will place their bid in to a rounded amount.
Let's say there was a N64 game for $30, and this n00b bidder put a proxy
bid in for $32.50. Well, the expert bidder would guesstimate what the
bidder's proxy bid was and he would probably place a bid of $32.52.
Thus, if he was correct in his guess, he would win the auction by a
measly two cents. So before making a snipe bid, try to add a couple
cents to your rounded numbers and see if it helps.
- Always
check the feedback -
You probably heard this a million times, but always check the seller's
feedback. If you see negative feedback, look at what item was sold.
If it's something similar to yours, then think again about bidding on
it.
- Shipping
- Always look at the shipping price. There are many dealers out there
who overprice their shipping by up to $3 just so they can make a profit
on their auctions. If you're buying a game for $0.50, chances are that
the shipping might be high or very pricy. Make sure that the shipping
information is listed in an auction, otherwise, you can get ripped off
with a high unpayed UPS bill.
- Do
some completed item searches -
One of the little known tricks on ebay is that you can search past,
completed items up to 90 days and see every exact detail of the auction.
This is the perfect method for checking the value of items you are going
to bid on, so you can get a basic idea of what something is worth. Here's
how you do it:
1) Click the Search button at the top of EBAY
2) Click the Advanced Search Tab
3) Type in the word or name of the item
4) Pick a category for that item (narrow results)
5) Check the Completed Items Box
6) Click the Search Button
This will bring up nearly every single item related to your search.
You can find out what they paid, who bid what, and even come up with
an average price for the item. It's the perfect way for buyers to get
a preview of what the item is worth. If you don't find anything, that
means the item is either rare, not popular, or strange. Have fun with
it.
|