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making money online with ebay

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EBay Business Strategy: The Tips And Tricks Of Buying On EBay

Posted by ebayprofitmaster on September 4, 2010

You really should think of buying on eBay as being less like a fun game, and instead have the correct mindset and adopt the right EBay business strategy from the outset.

If you are prepared to think strategically, which is not something those without the right attitude will be doing, then you can outwit your competing buyers and scoop the best price for yourself.

Here is the EBay business strategy that many others have had success with, and you can too:

Make the majority of your purchases in the summer months.
This particular EBay strategy is quite simple when you think about it. Summer is the time when many people are out enjoying the nice weather and forgetting to check out the listings on EBay, so many potential bargains will slip through the net!

Place odd bid amounts on listings.
A rather more ingenious EBay business strategy, but not too difficult to get your head around when you think about it. You can often simply outbid people by a few pennies, rather than larger amounts. This is one of the most popular eBay buying tactics.

Last second bidding.
Without shadow of a doubt the most popular EBay business strategy you will come up against. Knowing the exact time the auction ends (accurate to the second) will allow you to place a bid with only seconds to spare which will not allow your rivals any time to outbid you.

Use this particular EBay strategy with extreme caution as a mistiming may result in your bid arriving at eBay’s computers a split second after the official auction end, thus not being a valid bid.

If you do bid too early your competitor will have time to outbid you, and you may not realise they have done so before you yourself run out of time to place another bid.

I would have to state that this particular EBay business strategy is best used with software that can manage your bidding for you, and would have to recommend Ezsniper as a browser based alternative.

Ignore all the advice regarding safe buying.
This is a strategy only for the very bravest eBay buyer. As all of the advice you normally read, mine included, tells you to buy only from those sellers that have great feedback, good images and well written listings, you might just be missing out on bargains from sellers that do not fall into this category.

For example, new sellers will have low feedback, may not be very good at writing listings and may not take very good pictures. But that does not mean that they are not selling a great item at a great price. But I cannot deny this is quite a risk, as you could easily be conned employing this tactic.

Avoid auction fever like the plague.
Okay fine, not actually an EBay business strategy, but something you must be very careful of every time you login to eBay. It can be tempting to just keep bidding ever higher amounts for an item if you really want it.

However, this will only cost you lots more money than if you are simply patient. You do not know that the seller that has listed the item does not have loads of that exact same item in stock. It could simply be an EBay business strategy of the seller to only list one item at a time to increase the apparent rarity of the item, thus increasing its appeal and price.

Its worth checking on previous seller feedback to see if they do have a habit of splitting the items they sell into different time periods for exactly this reason. Should you discover that they do this, simply bide your time and bid the next time they list something.

Obviously despite the EBay business strategies listed above, you may still find that there are times that you have bid on something, and immediately realised that you have made a mistake doing so.

Believe it or not, you can actually change your mind and cancel your bid, but only if you have a good enough reason. Next time I would like to cover what you can do if you change your mind.

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