Yes, It's Absolutely True. I Made Over $25,000 on eBay in 1 month !

I Made $25,072.24 on eBay in just 1 month! This is completely true and I am going to show you how.

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The Best Ways To Not Overpay For Items on eBay



We know you'd pay just about any price to add that special item to your collection, but don't let anyone else know that!

Here are some tips on how to not overpay for items on
  • Don't jump right in and bid a huge amount as soon as the item is listed.
    This lets others know that the item is worth something and makes them want it more.

  • Keep your excitement in check and don't even bid on the item until the very end.

  • If you are terrible at remembering auctions, you can bid in the beginning - but make the minimum bid only. (This way you'll be reminded with ebay's daily auction notices, or you can always do a search of what you bid on recently - even if you've been outbid.)
    This makes other bidders think you only would have bought it if you got a great price.
    Then leave the bidding alone until the very end! Nothing raises bids faster than competition.

  • Snipe - see our sniping section to find out how. Basically, bid at the very last minute and bid the very most you could stand.

  • Research the kind of items you collect or regularly buy.
    Can you find it just as cheap at the corner store?
    If there are usually six of these on any given day, wait for the one with the lowest price.

  • Look around before you bid. You may find the exact same thing for half the price. 

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When is the Best Time to Go Shopping on eBay?


When you go shopping on Ebay depends a lot on your own schedule. But, when you can find the best deals depends on other factors.

Obviously, you may have the internet just about to yourself at 1:00 in the morning. But, you may not have many auctions to bid on that are closing in that time slot. You are able to bid on any item you want (not just those near closing), but your bidding procedures should be different depending on how much you are willing to spend. There are many auctions closing around noontime, but the internet i.s  s..o  s...l...o...w  then because so many people peek in during their lunch break. It could take you 6 to 10 minutes just to get a bid through, and that is after you finally get the page to load.

One method a lot of people use is to go browsing on a weekday morning or late in the evening on any day of the week. This gives them lots of speed so they can look in on many more auctions. When they see something interesting, they just bookmark it for later. That way, they can go back near the end of the auction to do some serious bidding (more on that is coming in a later chapter). There are many other times you can be assured of speeding through the internet: on a holiday; 7:00 to 9:00 on an important voting evening; while the most popular t.v. shows are on; Sunday mornings; any Saturday night (date night); while the Olympic gymnastics finals are on t.v.; etc.

There are two ways to speed up your internet shopping at any time you want......

  If you know the name and description of what you are looking for, you can do your initial shopping without pictures. You can "turn off" the images through your browser. In Netscape, click on Edit on the top bar, then click on Preferences, then Advanced, then click on Automatically Load Images to uncheck the box. You can shop through hundreds of auctions without waiting for any images to load. If you get to an auction that looks like a great one, you can then click on Images (on the second bar from the top) to see these pictures only, and click on Images again to turn them back off and continue shopping.

  Shopping at any time of the day or any day of the week is always slowest with a dial-up connection. And, most dial-up connections get lost often. Cable modem or DSL can make your shopping (and everything you do on the internet) at least 10 times faster - without disconnects. You only need to be disconnected just before bidding on something once to know how important your internet connection is. And, that is just an example from the point of buying. Sellers listing on ebay who use AOL simply cannot be having successful sales - their photos take forever to show up. Photos that just won't load or take SO long to load cause buyers to go on their merry way.

If the sky is the limit on something you really want, you may want to try to be the first bidder. If an item worth $20 is the one missing piece to complete your collection, you may feel like bidding $200 and not care if the bidding really goes that high. That kind of bidding almost guarantees that you will win the auction. We say almost because you run the risk of bringing extra attention to the auction that way. If two or three people want an item, the bids start going back and forth and the price goes up and up. Let's say the item you really need is a frog beanie baby. Many people who collect beanies will note that the auction has more bids than normal and peek in to see why. If your name is recognizable as a regular beanie baby collector, now their curiosity is really peaked. "If _______ is bidding on this frog, she must know something that I don't know...If ________ doesn't have this frog, it must really be rare!...I've got to get this frog!" Whoops.

If you want to get the best deal, you may want to wait till near the end of the auction. We will tell you in a later chapter just how to get the best deal whether you shop at the beginning, middle or end of an auction.

One other thing. The best time to go shopping is after you have done your research! Browse through many auctions to see how much that item normally sells for and in what condition it is normally available. If you have looked for weeks and never found one at all, you may be willing to spend much more when you finally find one being offered. You may find out that what you want is listed all the time and almost always in great condition, so you may not want to bid at all on one that is damaged or overpriced in comparison. Why do so many auctions have no bids at all? Maybe the opening bid is way too high. But, only an informed shopper would know the difference. Why does that wonderful item in perfect condition have no bids at all? Maybe the shoppers who did their research know that it is a brand new copy. If you don't care, bid away. If you do care, you need to be able to tell an original from a copy. Almost every copy will have obvious signs, you just need to know what they are. (If there are copies available in your item, it is not wise to bid on an item without a picture so you can see the item for yourself.) If you have the time and patience, you can do most of your research through the auction results. Sometimes you have to go to collector or antiques sites on the web to find answers. But, the best source of all is a reference book right by your side while you shop. Books are available on almost every collectible and are often very affordable. But, a $50 book is worth every penny if you could make a $200 mistake on just one wrong item.

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When is the Best Time to List Your Items on eBay?


You may think that you should list your items on Ebay on Saturday mornings because that is when you have the most free time or on Monday nights after 10:00 because the family is in bed and you finally have total concentration. You need to ask yourself just how many possible buyers will be at their computers at closing time. Especially when 10:00 p.m. on the West Coast is 1:00 a.m. on the East Coast. There are lots of possible buyers shopping at lunchtime during the week. But, because of the enormous amount of traffic at that time, you really cut down on the possibility of last-minute bidding if the bids are all in an internet traffic jam and can't get through at all.

The amount of bidders available at closing time is of utmost importance to your auction. Most of the bidding on any auction  will occur in the first 24 hours (when it is listed as new) and on the last day (when is listed as ending today), with most people only looking at one of these two times. And, the bulk of the serious bidding will be in the last 5 minutes! An auction is truly at its best when two or more people fight over your item, and they may not be awake to do so at 1:00 in the morning.

When to list your items is best decided on actual sales histories of your particular items. Hardware and tools may get more male bidders who are looking on Saturday afternoon, and pokemon cards may get more attention from kids right after school. Etc. So, check the sales of completed items. You should be able to see a definite pattern for each type of item you plan to list. This is the first step.

If your item sells best on a weekday evening, now you need to see if there is also a second pattern. It sold best on Tuesday one week and Thursday the next week. Why? One big factor in evening sales now is "Who Wants to be a Millionaire?" There are almost no bidders at their computers when this show is on television. This show happens to be moved around from week to week. On top of that, if it is on at 8:00 p.m., that means 8:00 p.m. on both coasts so West Coast seller has to work around 5:00 p.m. through 8:00 p.m., and the East Coast seller has to work around 8:00 p.m. through 11:00 p.m.
 
There are many more factors that come into play. Watch the weather forecasts for all parts of the country. If the East Coast is due for heavy rains, more possible bidders will be available at their computers instead of outside enjoying the spring or summer weather - and vice versa. If an area is in the middle of a terrible heat wave, they may be hiding inside at their computer instead of doing anything outside. Great weather is bad for sales. You may not want to have items close on Thanksgiving afternoon when most of the country is sitting down to a great meal - or in the evening on the day of a Presidential election. Contrary to this logic, Christmas morning may be a good time to have items close because many people don't have family with whom to share their day or they are not of a Christian faith. Those people would see this as a great time to sneak in a few bids. Other people may go shopping on Christmas afternoon to try to buy what they didn't receive for a gift!

Selling at the busiest time of the day will make your photos load slower. At any time, using a dial-up connection puts your auctions at risk since they will take longer to load. And, since most dial-up connections get lost often, there is always the chance that your photos will not load at all. When either happens, you will lose buyers. Some could bookmark your auction to try again later, but last-minute shoppers don't have time to come back. Cable modem or DSL will make everything you do on the internet at least 10 times faster - without disconnects. You only need to be have your photos not load during the last half hour of an auction once to know how important your internet connection is.

The real answer to when to list your items is it is totally relative….relative to as many factors as you can think of. You will need to do research on the past and try to foresee the future. Good luck on the latter.



 

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