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If the item is worth $40 to you, bidthe $40-and let eBay’s proxy software handle the mechanics of thebidding process. This isn’t the case, again thanks toeBay’s automated bidding software. Now, you might think that if the bidding is at the $1 level, you shouldbid no more than $2 or so. Make it a point to shop around, and make your bidaccordingly.Īnd you should make that $40 bid even if, at the time, the current bid isonly $1. Whatever you’re biddingon, search eBay for completed auctions on similar items, and determine areasonable price range. If you’re bidding on a collectible, invest in anup-to-date price guide (or reference one online). You alsoshouldn’t get upset if the bidding goes higher than your specifiedmaximum have the discipline to bid only as high as you initially thought theitem was worth. If you think an item is worth $40, enter $40 as your maximumbid-and don’t worry if the current bid is half that amount. If you remember nothing else from this book, remember this: Always enter thehighest amount that you’re willing to pay for an item, no matter what thecurrent bid level.
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It’s also important that you know how eBay’sbidding process works-or you could end up paying too much, or (even worse)not enough to win the auction! It’s important that you know all about the item you want to buy beforeyou place your bid. Sounds easy enough, doesn’t it? Understanding the Bidding Process
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(All eBay fees are charged to the seller.) You’llhave to pay the seller the amount of your winning bid, plus any necessaryshipping and handling costs to get the item to you. You only have to pay if you win-and even then, you don’t haveto pay any fees to eBay. It’s important to remember that it doesn’t cost you anything tobid. If you’ve made thehighest bid, you win the auction-and you have to buy the item. How does bidding work? In a nutshell, it’s as simple as telling eBayhow much you’d be willing to pay for an item-and then finding outwhether anyone else is willing to pay more than you. Absolute Beginner's Guide to eBay, 3rd EditionĪfter you’ve browsed through or searched the item listings and actuallyfound something you’re interested in, it’s time to pony up and makea bid.