Sunday, December 2, 2007

How to Ebay, Get What You Want At The Price You Want!


Hello Guys,

Today I will touch up on a critical online tool that most guys use known as EBay. This can either be a life and money saver or a nightmare to the wallet and grief from the domestic partners. I will advise you guys of a few simple rules in order to get the best and most out of EBay. The first rule about EBay, is that its ok to talk about EBay! LOL, for real though, the best part about EBay is bragging about what you got and at what a ridiculous price you acquired at. Just recently I acquired a brand new sealed Toshiba HD A2 HD-DVD player for less than $45. Yeah! $45 after shipping. The retail value of this bad boy is of $199. It took time; patience and many desperate moments hopping that snipers would not ruin my EBay mojo. Which leads me to my first rule, PATIENCE. Patience is required to acquire what you want at the price you want. Even though I got the HD-DVD player at a great price, it took almost an entire week of bidding and placing multiple Toshiba A-2’s on my watch and bid lists, I will touch on this in just a moment. The second and third rules are research the cost and determine a price for which you want to purchase the selected item. You can skim through the completed listings of your item in question just to see what an average item is selling for. Research the cost of the item and what it would cost to acquire at another online store such as Walmart.com and other online and local retailers. Then you can set either a competitive bid or low ball until you get lucky. But be strict with yourself and what your expectations are and how much you want to spend on the item in question. Set a price at which you are willing to pay and do not go over it. Control your emotions and purchase logically and not emotionally. Emotional purchases can lead to mistakes which can lead to paying way too much for an item or bidding on something that is different than what you are looking for. There has been times which I’ve seen items bid much higher than what the local retailers can sale the same item for. Control your price and do not EXCEED IT! It is easy to make a mistake when battling some other guy for the same item. Most of the time there will be a similar listing, bidding at a lower price. This leads me to my fourth rule, Managing your watch and bidding lists. At one time, I think I had to manage almost 40different auctions containing the same product. It is important to be able to manage each list appropriately and make sure that you are not going to win multiples of the same items by accident. You can even make notes on your watched items, such as cost and reminders on what your spending limit is. Control your bid and watch list with a close eye. Hawk over the soonest closing bids and manage them with detail.The fifth and final rule, Brag about your victorious bid and how little you paid for it. That’s what makes EBay so much fun.
The Rules List:
1 - Be Patient
2 - Research Cost
3 - Set a price and stick to it
4 - Manage your bids and watch list
5 - Brag about your victorious bid win!


(Picture from Ebay.com)

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