A Primer To eBay’s Bidding

This post was written by Internet Marketing John on November 22, 2009
Posted Under: eBay Business Information

Even though more and more people seem to be talking about eBay these days, many are not familiar with eBay’s bidding strategies.

If you have never tried it, you probably have no idea what the hype is all about; however, once you get hooked, ebaylogo3
you’ll need to know the basics of eBay’s bidding.

eBay is the largest online auction website in the world.   If you’re familiar with conventional auctions, then you roughly know how eBay auctions work.

When you have something to sell, you simply add it to eBay’s website to sell it.    When somebody likes your offering, they place a bid; and like any other auction, the highest bid wins the item.

Unlike some conventional auctions that may restrict the types of bidders in attendance; eBay auctions accept all types of clientele from every part of the planet earth!

EBay also accepts almost any item for their auctions, from any part of the world.

The combination of worldwide goods for auction, and worldwide bidders, often leads to chaos towards the end of bidding cycle.

With eBay’s bidding, the amount you are willing to pay for an auction item, is not necessarily what you end up paying.

Unlike conventional auctions, you can specify the maximum bid that you are willing to pay for and item, and eBay will automatically place bids for you in specified increments, up to that amount.

Let’s say that you instruct eBay that $50. is your maximum bid for an Ancient Roman coin you are interested in.

eBay will place bids for you in $1.50 increments, up to that amount, or until you win the auction.  If you are the highest bidder at $35.50, you win the auction and the Roman coin.

The advantage to eBay’s bidding format, is that you can bid on several, to hundreds of items simultaneously without having to personally control the bid on each item.

EBay’s bidding scenario isn’t as complicated as it sounds.  The best way to learn about it is to go to www.ebay.com, and give it a try.

When you get on the site, pick a country and search for whatever you’re interested in buying.

You’ll get a list of items, along with how much people are currently bidding on them, and the remaining time left on the auction.

If you find something that attracts your attention, scroll down to the bottom of the item’s description, place your maximum bid in the box, and click on the PLACE BID button.

If you don’t already have an eBay user name, you will be directed through the sign up, registration process.

If someone outbids you before the end of the auction, eBay advises you of it, and gives you the opportunity to increase your maximum bid.

You need to understand that eBay also notifies everyone else bidding on your item, and offers them the same opportunity!

The last minute of an eBay auction often results in some hectic, ferocious bidding wars.  That’s why I love eBay; it’s the thrill of eBay’s bidding competition.

Oh, then you have to pay for the item!

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