5 Tips for Using eBay
Bidding Tips for the Novice
Increasing Your Online Auction Profits
Importing Online Purchases to USA
Importing Online Purchases to Australia
Selling On Consignment
Selling Your Art
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ONLINE BIDDING FOR THE NOVICE
When to hold, when to fold — and when to be bold.
Without a doubt, online auctions are some of the
hottest markets for collectors — for everything from Picasso to Pokemon. Bidding
can be tricky, but well-informed auction watchers are more likely to get
what they want at the right price. If you're a novice, here are a few
strategies that make for savvy, successful bidding on the Web:
Bid low and hope it's slow.
Bid very low, very early, then step back. Chances are, your meager bid
will be topped. But if bidding happens to be unusually slow, you may
just walk away with a steal.
Try this when... you see an item that you'd like to have, but
that you're not willing to pay a lot for.
Bid early, bid late.
Jump in early with a bid, then sit back and wait. When the auction is
nearing its close, bid again. By holding back, rather than
incrementally raising your bid throughout the auction, you avoid
bidding "against" yourself and increasing the price of the
Try this when... you want to play it safe and smart.
Click auto-bid to save time and stay on top.
Many Internet auction sites have a feature called
"automatic" or "proxy" bidding. Name your starting
bid, as well as the maximum amount you're willing to pay. Your opening
bid will appear online, and every time someone else places a higher
bid, yours will automatically be raised by the smallest increment
possible to keep you on top.
Once your maximum price is exceeded, you'll be notified via e-mail so
you can decide whether to raise your price. The idea here is to save
you the trouble of constantly checking in to monitor the auction
action. By gradually increasing your bid in tiny increments,
auto-bidding also may help you get what you want at the lowest price
Try this when... you're too busy to baby sit your bidding, or
you want to avoid irrational outbidding wars.
Be a sniper.
It may not be nice, but online auctions aren't about the good guy
coming out on top. Being sneaky can pay off big. To practice sniping,
hold out on bidding until the very end of the auction. Depending on
how daring you are, this could be anywhere from the final minutes to
the final seconds. Then bid the maximum price you'd pay for the item.
Reload the page over and over until the sale is closed, checking to
see if anyone has had time to outbid you.
If you're lucky, the auction will end before anyone has a chance to
top your price, and you'll come out the winner. You can't be too
confident with sniping, though, because you may be up against a bidder
whose proxy is set higher than your last minute bid. Also, some sites
have built-in sniper defense, which automatically extends the sale if
a bid is placed in the last few minutes.
Try this when... you're willing to bid high and take a risk.
eBay For Dummies, 2nd Edition
by Marsha Collier, Roland Woerner
eBay the Smart Way : Selling, Buying, and Profiting on the Web's #1 Auction Site
by Joseph Sinclair
The Unofficial Guide to eBay and Online Auctions
by Dawn Reno
Going Once... Going Twice... Going Cyber... How to Get the Top Dollar on Your Ebay, Amazon, and Other Online Auctions
by Michael Brewster CD-ROM
Online Auctions at eBay, 2nd Edition: Bid with Confidence, Sell with Success
by Dennis Prince
The Official Ebay Guide to Buying, Selling and Collecting Just About Anything
by Laura Fisher Kaiser
How to Sell on Ebay and Other On-Line Auctions
by Annette Graf
The eBay Users Bible For Buyers & Sellers