Auction Help
eBay
New Users
Advanced Users
Researching

By jmarkus

First a quick note before we go any further. Ebay is great place just full of lots of lovely goodies. You could just bid on tons of stuff couldn't you? Be careful.

Every bid you make is a potentially binding bid even if you are outbid. The high bidder could retract, have their bid cancelled by the seller or by ebay and you would again become the obligated high bidder.
So please, for you own benefit, do not bid on more than one like item at a time unless you plan to pay for more than one.

So, you've found a great item and you want to place a bid, STOP! Take a breath and let's think about this for a moment and check a few things off in our minds.

1. Have you read the entire description? Reading it out aloud to yourself sometimes helps you to be sure you understand everything. It sounds a little silly, but it does help, and I do it often. Small details can be easily missed by the most experienced ebayer.

2. Are there any questions you'd like to ask? What is shipping to my zip? What does "fair" condition actually mean here? Are there any rips, tears, holes, cracks, chips? Click on the "ask seller a question" link on the auction page and wait for a reply from the seller. Don't bid till you get a satisfactory reply. If you bid now, you will have agreed to everything the seller has written and not written on that auction page

3. Let's now research our seller. Click on the number after their name. How many transactions? How many positives, neutral, negatives? What percentage of negatives to positives? Click on "see feedback left for others" What sort of feedback does your seller leave for others? Are the negatives rude, abusive and retailatory? Or are they professional, factual and "ring" of the truth?

Now check the negs he has received. Do that by clicking on his feedback number and then clicking on "Feedback left about others" Are they for slow shipping? Or are they for serious accusations like fraud? Or are they simply retaliatory for the neg the seller left? Cross check to be sure. There's a big difference you know.

4. So far so good? Now what is the retail value of this item? Is it available currently in stores? On the Internet? Yes? Then go and do a few minutes research. Call stores, do a Google search. Find out a solid retail value for the item. If it's a collectible check its book price, although that may mean very little in the world of ebay. Book prices have changed drastically since ebay was born.

5. What do past ebay bidders think it's worth? Search the item and then click on the link on the page that says "completed items" You'll find that to the left of the list in a box saying "show only..." You'll see what like items have sold for in the past 10 days on ebay. That's the price that is probably going to be most relevant to you.

6. Are there more available on ebay? Go back and look at that search you did. Are there some with a great Buy It Now price? (hint: check the newly listed link) Are the some priced better than the one at which you currently are looking? Then click on "watch this item" and put them all on your "my ebay" watch list. You can track the progress of all the like auctions during the coming week.

7. You haven't placed that bid yet have you? Good. You're learning. Be patient. There is no benefit whatsoever to being in the lead at anytime in a 7 days auction except at the end.

8. Are you happy with the choice you have made? Is this the best item and the best seller you have found at the best current price? Have you worked out your TRUE max bid based on your research and factored in shipping costs? GOOD! Then place your bid. One big proxy bid as ebay recommends. Be sure it's your max so you won't be disappointed if you get outbid.

9 You won? Well good for you! You found a good seller, a good item and a good price and now it's time to be a good buyer. A successful transaction requires two people working at their best. Email your seller even if you haven't heard from them yet. Ask for a total and tell them how you intend to pay when they give you the total. Be polite in your emails. Ask them to please confirm when your funds arrive and let you know when they will ship. If asked, most sellers will comply with that.

10. Pay promptly and wait for your item. Be a little patient. If you paid by personal check remember your item will probably be held for about 10 days while your check clears. If your item is being sent media mail it can take up to 2 weeks to arrive. If you do become concerned about a delay, email and politely enquire as to the status of the shipment. Try not to email too often or the seller may get the feeling they are being harassed. When it arrives, inspect it, email the seller to thank them and leave feedback for them.


 

 


 

 

© 2005 Bidbud.com. All rights reserved.