How to Successfully Buy in eBay Auctions

December 18, 2009 | Posted by DDFD

Self reliant people can sometimes secure the items they need at reasonable prices by buying at auctions. I recently posted on How to Buy at an Auction (10 Tips for Success). In that post, I mentioned that eBay auctions had a few other considerations.

Obviously, use the tips from my earlier post, but when seeking success in eBay auctions, try following these tips as well:

• Don’t bid on something to monitor it– Use the watching feature instead.
• “Sniping” is okay– The only bid that matters is the last, highest bid . . . does it matter when you place it?
• Bid with odd amounts– $51.53 instead of $50.00 when the latest high bid is $48.00 (I have won lots simply because of that $0.03).
• Always bid in the last 15 seconds of the auction and have a second window open with a slightly higher bid set to bid again at the eight seconds left mark.
• Don’t be afraid to ask questions and for more pictures– This is a remote, non-inspection auction.
• Try to have other similar lots ready if you lose the first lot (I rarely lost a lot using the above techniques).
• Pay quickly and leave good feedback only if you get good service and a good feedback about your half of the transaction.

Good luck!

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DDFD believes that self reliance and self sufficiency are the roads to individual freedom.  He is dedicated to living a quality life through Frugality, personal growth, development, and productivity, and Defensive Entrepreneurship.  On weekends, he can be found in front of the BBQ grill.

Categories: how to | Tags: auctions, eBay auctions, how to, self reliance | No Comments »