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making money online with ebay

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EBay buy it now option: When to buy and when to bid

Posted by ebayprofitmaster on August 29, 2010

You will very often have to decide whether to use the EBay buy it now option or to just keep on bidding.

Your choice might be within just the one listing or alternatively it may be between different listings of the two different types.

So should you use that EBay buy it now option or just keep on trying to outbid everyone else? The answer to this question lies in weighing up the advantages and disadvantages of that choice.

The Advantage when you use Buy it Now is that you will know the exact amount that you have to pay should you click on the BUY button – you might even be able to negotiate on the price if you are allowed the option to “make an offer”.

You do not need to struggle with any last second bidding frenzy that is now the norm on eBay with all popular items.

The Disadvantage with using the EBay buy it now option is that you will almost certainly be paying a higher price for the item, especially with more valuable items.

You see sellers often start their auction listings at a lower price to attract bidders, which often gives you the opportunity of getting a bargain providing there aren’t many bidders after all.

There is some argument that it takes some of the fun out of bargain hunting on eBay when you just keep using the EBay buy it now option.

If you just keep using the EBay buy it now option, rather than getting involved in actual auctions, then you might as well just buy your items from any other website or high street shop on the planet.

Of course, there are few times when using the EBay buy it now option would actually allow you to get something cheaper, rather than getting caught up in the “auction fever” of other eBay members.

Frankly, as with many other things online, it’s a personal choice perhaps made with the help of the “price v convenience” question.

Sometimes though, it just makes sense to use the EBay buy it now option straight away, for example when you see a listing where the current bid price is almost as high as the Buy it Now price, then you would just want to end it there and then.

You could use this same tactic in those listings where the seller has started their Buy it now price at a level that is not much higher than their starting price for bids.

You would not go through all the trouble of bidding, and would just instead secure your item and be done with it.

There are many different tactics that you will learn for beating your eBay competition, as you progress online.

After all, it is important to remember that many of the buyers you come up against on eBay are occasional buyers, and don’t really know what they’re doing, at least not as well as you by now.

Keep reading and learning from this blog and you will go far. Next time we will have a look at the tips and tricks you can use on eBay.

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