Research,
Study, Plan, and Think....BEFORE Bidding - by
dj.fan Place
the item on your watching page. Research the item and
decide for certain exactly how much it's worth to you.
Search for the item to see what it's selling for on
other eBay auctions and/or other websites. Find out
how much it can be purchased for (if at all) locally.
Remember that it's the buyer's responsibility to determine
for himself the value of the item. Spend most of the
days of the auction's duration thinking it through.
Come to a definite conclusion as to the maximum amount
you are willing to pay for the item, keeping shipping
costs in mind. That is one of the most important things
you can do. Bid retractions* (read on for more information
about those) should be rare or nonexistent, and only
for valid reasons within eBay's guidelines.
{One quick note here (you'll find
more information on retractions further down the page):
Contacting the seller and gaining his approval for
removing your bid does not constitute making
the retraction "okay" or "valid" according to eBay's
rules. That is why it is very important to know exactly
what you are bidding on before placing a bid.
Follow the link listed below for the three, very specific
reasons eBay (not the seller) allows
retractions! Remember, the rules for using eBay's
site are written by eBay, not sellers. If the seller
is willing for your bid to be removed, he should likely
be willing to cancel your bid for you so that the
retraction is not on your record for the next six
months.}
Also
do some research on the seller: check not just
his feedback rating number, but also what comments
are written about him, especially any negatives. Sometimes
undeserved negatives get written about people, buyers
and sellers alike. Try to determine a pattern in the
transactions that drew the negatives. Is the seller
basically honest? Does he work to solve any differences
or problems that may arise? This gives you the chance
to determine what his patterns of working with people
are like. Avoid those with a high proportion of negatives
to positives, especially if they are from a number
of different people. Be sure to also check feedback
he leaves for his customers. An easy way to do this
is to visit Feedback
Forum.
You'll find the link for it at the bottom of most
eBay pages. Look for the blue link titled "View feedback
a member left about others" and click on it. On the
page that comes up, enter the seller's user name,
then click the View feedback button. The comments
he has left for his customers will then come up. Carefully
read what he has written about his customers. Is he
happy with most of his transactions? If he must leave
negatives, is he calm and factual, or is he retaliatory,
ANGRY, VAGUE, NAME-CALLING AND SHOUTING!!!!! (You
get the idea.) If you don't feel comfortable in
any way search for the item being sold by someone
you feel more comfortable about.
Study the description of the
item carefully. What payment methods does the seller
accept? Does he ship to your area? What are the shipping
charges? If there is anything you don't know
or understand about the item or the listed terms,
use the "Ask seller a question" link and politely
ask the seller what you want to know. Do NOT bid on
any item if there is anything about the Terms of Sale
(aka, "TOS") you do not understand or agree with.
The time to clear up any misgivings is BEFORE bidding.
When you place a bid, you are agreeing to all terms
in the seller's listing whether you have read them
or not, so make certain you understand exactly
what you are bidding on and all conditions. When you've
emailed a seller with questions, if you do not receive
satisfactory answers before the auction ends, let
it go. Most items will come up again sooner or later.
*A
few pointers on bid retractions. A common
problem for many people new to eBay is that of invalid
bid retractions. Often after having placed a bid the
novice bidder will rethink his position and want to
"lower his maximum". Ebay's system is not set up to
"lower" a maximum (or proxy) bid. Although to increase
one's bid all one must do is simply re-bid, once
a bid is placed it cannot be lowered. The only way
to lower a bid would be to completely retract the bid
and re-bid for the lesser amount. However, there are
only three valid reasons for retracting a bid
according to eBay's rules. Retracting a bid in order
to place a lower one is not one of them. Remember
that any bid placed is viewed as a contract to buy
the item from the seller should that bid become
the winning bid. This is a primary reason for placing
an item on one's watching page and researching
the item to discover its value and determine its worth
to the bidder prior to placing any bids. One
can always go back and re-bid later in the auction,
but he cannot simply retract a bid just because he has
changed his mind about how much he is really willing
to spend for the item. Keep in mind that eBay is an
auction venue, not a shopping site at which items can
be bid on as though they were being placed in one's
shopping cart only to be returned to the shelf if another
more desirable or less expensive item is found. The
only avenue on eBay which may be used as such a "cart"
is your "my eBay" watching page. Here up to 30 items
can be safely listed, watched, and removed with no obligation
or penalty. For information on bid retractions and the
very few allowable reasons for them, please see
eBay's page on bid retractions here:
Bid
retractions
There is another typical (yet invalid, nonetheless)
reason newcomers find they want to retract a bid. Oftentimes
they have bid on an item only to be overbid by someone
else. Perhaps the price has now increased to become
more than they wish to pay for the item. Thinking they
are now "safe" due to the outbid, they proceed to bid
on another auction for the same or a similar item. However,
all bids are "live" until an auction actually closes
with one specific person as high bidder. It is not until
the auction closure occurs that those who were overbid
are no longer obligated to honor their bid by completing
the transaction. Should a seller decide to cancel the
top bidder's bid or that bidder retract his bid before
the auction closes, the next highest bidder then becomes
reinstated as top bidder and is now once again responsible
for honoring the bid by completing the transaction.
This is another good reason for placing an item on the
watching page. Should you find the item at a better
price on another auction, you are not already "tied
up" in the first one and are free to bid on the second
(although for the same reasons as for any other auction,
that one too, would be better placed on the watching
page until the auction is nearer to its end). Hence
it is never a good idea to place bids on multiple listings
of an item, unless one truly wants to buy each one he
has bid on. The policy of reinstatement can be found
listed on eBay's Bidding Tips page, which is a wonderful
read for those getting started on eBay. Simply click
the following link and on the page that comes up, click
the blue Bidding Tips link:
Bidding
Tips
The easiest way to avoid retractions is to make certain
to carefully read the confirmation page, reviewing
the amount of your bid before clicking
on the confirm button. If the amount shown is incorrect,
use the Back button of your browser to return to the
auction page and retype your bid amount. Be careful
to insert decimals in their proper place. Many have
made the simple error of typing 1000 instead of 10.00,
which enters the bid as $1000 rather than $10. Watch
that the comma (,) is not accidently entered instead
of the decimal (.), as 10,00 will be entered as a
$1000 bid rather than a $10 bid. In addition, be careful
in using Buy It Now features. Many times new users
will mistakenly type the Buy It Now price in the bid
box and click on the Bid Now button, only to find
that they didn't "Buy It Now", but simply placed a
bid for that amount and the auction continued on.
The reverse situation has also been a common problem.
Clicking on the Buy It Now button (which currently
is to the right of the Bid Now button and a little
bit lower on the page) will also take you to a confirmation
page. If it is not your intent to Buy It Now, but
only to bid, do not use that confirmation button.
Again, click on the Back button of your browser to
return to the auction page and enter a regular bid
if it is not your intention to buy the item at the
Buy It Now price. Using the Buy It Now confirmation
page button immediately closes the auction
and you will be responsible for paying the seller
for the item.
Please
take the time to educate yourself about bid retractions
and determine to avoid them if at all possible. All
bid retractions remain on the user's record (on user's
feedback page) for six months. They make many
sellers question the seriousness of the prospective
bidder, especially when the user is new. As a result,
some sellers will simply cancel the bids of such users
and may even block that user from bidding on any of
his auctions. Any eBay member who sees invalid bid
retractions (they are listed in each auction's bid
history page) may report such violations of the bid
retraction policy. Excessive bid retractions can get
a user completely suspended from eBay.
Plan
the amount you will bid. Think about when the
auction will end and when is the best time for you
to place your bid.
Bid
ONCE. Bid the MOST you are willing to pay for
the item. Only as much of your maximum amount will
be used as needed to keep you on top of the highest
bidder until your max is used up. Bid as LATE in
the auction as possible to avoid others "nibbling"
at your bid, as well as to avoid being a victim of
shilling. If you lose, walk away knowing that someone
else was willing to pay more than you were. If you
win, GREAT!
Positive
transactions will help you to enjoy your eBay
experience!
Reading
Bid Histories
People
are often surprised when, at the close of an auction,
they look at the bid history to see how/why they did
not win and see a winner who outbid them minutes,
hours or even days before them and think, "That bid
wasn't there before. Where did it come from?" Or some
may wonder "Why was I outbid so many times, but the
one who outbid me only shows as having bid once? Where
are all his bids?"
In
viewing the bid history of an auction, it is necessary
to understand that bids are listed in descending
order based on the dollar amount of the bids, rather
than in chronological order. Viewing the date/time
stamps of the bids will help you understand which
bids were placed when; rather than simply looking
at the list from top to bottom. When you see a winning
bid that was entered at an earlier time than one that
was outbid by it, it's not that the bid wasn't there
before. It was. It is simply the proxy system at work.
Here's how that happened:
When
the earlier bid was placed, what was shown as the
current price on the front auction page was not necessarily
what the high bidder at that time had entered as his
proxy bid. Only the amount needed to make him top
bidder is shown as the current price on the auction
page. The remainder of his proxy remains behind the
scenes to work for him when others come in to bid.
Later bids placed by others, if they do not top his
proxy, will "push" his bid up higher in the history
list (and the current price shown on the front auction
page will increase as they do this), even though his
bid was earlier. The reason the proxy bidder's bid
does not show multiple times is because he physically
only entered a bid one time. The bid history does
not reflect each individual time his proxy did battle
with & topped a later person's bid. Any time you
see an individual bidder's name more than once in
a bid history, it means that person physically typed
in and entered individual bids each time. Proxy bids
only show the one time they are placed, not each time
they are challenged by later bids. To understand more
about proxy bidding, please visit the following link:
Proxy
Bidding
For
more information on reading bid histories, visit this
page:
Bid
Histories
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