One of the truly great things about Ebay auctions is that each and
every one of them is different. You must be willing to adapt your
bidding style to counter the strategies used by the other bidders in
the auction. Plus, depending on how badly you want a particular item,
you may have to use a strategy that you normally would avoid. Here are
some of the more popular Ebay online auction bidding strategies to help
you win more auctions.
Low Balling
Now this is a strategy that really gets under the skin of a lot
of Ebay "newbies" who are new to the world of online auctions. In fact,
they all have a name for people using this strategy to win auctions:
snipers.
Snipers hold off until the last possible moment to place a bid
so no one else can come in and make a higher bid and win the auction.
By using this strategy you never have to worry about paying more than
you wanted for an item. If the bid amount is too high for you at the
end, then move on to the next item. But, if you play your cards right
and the competition is snoozing, you can swoop in at the end and make
off with a great deal!
Win At All Costs
Now there are definitely some radicals participating in Ebay
auctions that will do whatever it takes to win an auction-including
paying more than there competition. Now everybody who wins an Ebay
online auction must outbid the competition but these "win at all cost"
people will place a relatively high bid in the beginning of an auction
to scare off vultures trying to find the super deals on Ebay. Then,
they simply defend their bid by outbidding anyone that actually claims
to want the item more than they do.
You see this a lot in collectibles or other keepsakes that may
have sentimental value. Maybe it is a toy from their childhood or
something that reminds them of a loved one who died a long time ago. If
you get this feeling when you see an item while browsing through an
Ebay online auction, just be careful and try to set a reasonable but
steep maximum dollar amount that you are willing to pay for the item.
Stickler
A stickler is someone that sees an item while looking through the
online auctions and decides to place bid-only they always have a preset
limit to what they will spend. If the bid exceeds that number by even a
dollar, a stickler will walk away and take their business elsewhere.
Frankly, this is a great strategy to use-especially in the
beginning. By doing your homework and knowing what a good price is for
an item, you can set a predetermined limit that is reasonable enough to
possibly win the bid while still being a bargain in the process. Plus,
the stickler strategy keeps you out of trouble during Ebay auctions.
Schilling is an underhanded technique used by a very small
number of sellers to artificially raise the bid amount. This is done by
having a partner with their own Ebay account come into the auction and
place bids that continually raise the selling price. If you do not have
a predetermined limit, then you may get stuck with something at a price
that far exceeded what you originally intended to pay.
You never want to become involved in an Ebay online auction
without some sort of strategy in mind. In the end, however, most pros
of online auctions opt for the low balling route and become a sniper.
But if you are just starting out in the world of Ebay auctions, stay
with the stickler approach until you either come across one of those
"must have" items or become a seasoned pro-sniping the "newbies" with
the best of them!
Resources Box:
Jason James is a 10 year Internet marketing veteran
and an eBay Power Seller of 4 years. His website "The Auction
Resource Network" reveals his inside secrets, tips, and sources
that help him pocket over $10,000 per month on eBay. His proven step-by-step
system shows even users with little or no business experience how they
too can make huge profits selling products at online auctions.
Disclaimer: All information on this site is provided for informational purposes only! By no means is any
information presented herein intended to substitute for the advice provided to you by any health care or other professional
or organization.
