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Showing posts with label buying on ebay. Show all posts
Showing posts with label buying on ebay. Show all posts

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.

eBay For Dummies
eBay For Seniors For Dummies
eBay Business All-in-One For Dummies
The Complete Idiot's Guide to eBay, 2nd Edition
eBay 101: Selling on eBay For Part-time or Full-time Income, Beginner to PowerSeller in 90 Days

 

Who is Ebay's Top Seller (In Dollars)?


Allow me to introduce you to...eBay's largest seller who is ALSO the future Mayor of NY! (and maybe President)

eBay's largest seller is (drum roll please): christopher1428!  who goes by the moniker Chris Riggs for President.

Not what you were expecting, huh? You thought I was going to say buy.com or maybe a big auto dealer. Nope. Well, let me walk you through what is going on here and I promise you, it will blow your mind.

Chris consistently keeps about 200 listings live on eBay in his store at the $200-600 range which is probably what this art actually trades at in the real world.  The genius move is Chris keeps 5-10 listings running of the same stuff he's selling at lower prices in the $10-30m range.  For example:
  • Here's a green drizzle piece. This can be yours for $21m
  • Here's more of a comic kind of piece for... $21m (I bet you can get a bulk discount if you buy both)
You get the idea.

Now of course, if someone is going to goof off on eBay, they look for expensive stuff and buy it, and don't pay.  I can 99.999999999% guarantee you that chris has never sold a $21m painting (meaning someone paid), but on eBay it's a regular occurrence for someone to 'commit to buy' one of these.

The UPIs are probably a pain for chris, but it does seem to drive a ton of traffic.  A TON of traffic.

This has been going on for years....

I first noticed this (because of the top seller reports I maintain) that this wasn't really above board back in 2005 and thought it would be interesting to watch and see when/if eBay put a stop to it.  Since then we've seen entire eBay regimes come and go, the feedback system changed constantly and new programs to raise the bar.  We now have a money back guarantee and lots of other strides.  But here's Chris, for 5 years now selling $21m paintings that nobody pays for.  There's also a fair amount of blatant keyword spamming that he does, but I won't go into that.

My favorite part is that on many of the photos, Chris stealthily adds pictures that at first seem relevant (e.g. the first will be a close up), but then they degrade into party pictures and usually Chris or his friends are giving the finger.  I'm sure after this eBay will take action, so I want to preserve some of these for posterity.
I've often wondered if this started out as a dare or a gag and they were shocked that a) the items weren't taken down and b) that people buy this stuff.

Whenever you see the top rated seller flag, that's me censoring out something in the photo you should go to eBay to see: (click these to enlarge) - remember, these are from LIVE eBay Listings! (as of 3/19/10)


(This last one is my favorite as it doesn't even have Chris in it (maybe that's his art back there), but check out the T-shirt on the guy on the left - the auction doesn't state if this offer is part of the auction or not - it seems to be $20 extra.)

Phew, that's enough of that - if you want more, Chris has a vibrant myspace page here.

What's your point?

As long as this kind of stuff is happening on eBay (and believe me, this is far from an isolated incident), eBay won't officially have solved their trust problems.  All of the other changes are good and positive forward momentum, but they are lipstick on a pig (as we say here in NC) when you have flagrant things like this going on right under eBay's nose for the last 5+ yrs.

The eBay Seller's Tax and Legal Answer Book: Everything You Need to Know to Keep the Government Off Your Back and Out of Your Wallet
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1000 Best eBay Success Secrets: Secrets From a Powerseller
Three Weeks to eBay Profits, Revised Edition: Go from Beginner to Successful Seller in Less than a Month (Three Weeks to Ebay Profits: Go from Beginner to Successful)

The New Buyer Protection Program on Ebay




I noticed starting yesterday that eBay seems to be doing a pretty significant 'blanket' (I'm seeing it on most of the major ad networks) of an online marketing program around the buyer protection program.  They are doing interactive rich media ads.

I've seen a couple of treatments:

Spinning shield

The first treatment has the shield logo used in the program that spins around (this definitely catches your eye) and then it has some color stripes and reveals the "You're covered by the shield' message you see here:

The Learn More button takes you to the same 'about the buyer protection program' page you are taken to when you click the shield on the site.

Bullet points

The second treatment I've seen is more of a bullet pointed list as you see here:

So the key points they are hitting on:
  • Program does not cost extra (Absolutely free!)
  • Quick access to customer support
  • Covers purchase price plus original shipping
Sign of things to come?
eBay has been hinting that they feel they are making big strides in trust and buyer protection.  It's good to see they are ramping up some exposure here.  I wonder if this is a ramp up to a more serious multimedia (radio/tv/print/online) push that we could see later this year to prep for Q4.

 eBay 101: Selling on eBay For Part-time or Full-time Income, Beginner to PowerSeller in 90 Days
eBay For Dummies
How and Where to Locate the Merchandise to Sell on eBay: Insider Information You Need to Know from the Experts Who Do It Every Day
eBay Business All-in-One For Dummies
Titanium eBay, 2nd Edition: A Tactical Guide to Becoming a Millionaire Powerseller
 

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