Searching these guides for HOW TO WIN ON EBAY or HOW TO SUCCESSFULLY BID ON EBAY turned up nothing generic, which is why I decided to write this guide.
I guarantee you that if you follow my recommendation on how to bid, you will win more often, and you will NEVER succumb to emotion, and overpay for something you want!
If after reading this guide you feel I have provided you with something of value, please scroll down to the bottom, and click the YES button, which will ultimately make this guide more visible to other eBay members!
Before providing you with my bidding strategy (which is very simple, and which you may already be using), let me begin by characterizing the various bidding styles I have seen over the last 14 years.
These people are the worst types of bidders for themselves, and for other bidders, and the BEST types of bidders, for Sellers! Serial Bidders are best characterized by their behavior of continually throwing bids on an item, each time they are outbid, during the entire auction. For some unknown reason, Serial Bidders MUST be ON TOP. They MUST always be the winning bid, throughout the auction. And USUALLY, although they are on top throughout the auction, they are OFTEN outbid at the very end, thus losing out to someone else. RARELY do they win any popular auction/item or collectible, and if they do end up winning an auction, the very action of their continual bidding drives up the price THEY ultimately have to pay, ESPECIALLY if they are going against ANOTHER SERIAL BIDDER.
Serial Bidders rarely win, and always drive up the price, for themselves or whoever the winning bidder may be.
One Time Bidders:
ONE TIME BIDDERS throw just one bid on an item/auction, at the beginning of the auction, or whenever they come across something they want.
Their bid is usually the highest they are willing to pay. They place it, and go away, and if they win, they win, and if they lose, they lose. They typically never go back to see and only find out after the auction has ended, whether or not they have won or lost. While this methodology does eliminate the "emotional" factor which is the driving force with the SERIAL BIDDER, it does have one huge defect, as a strategy for WINNING! That would be this.....by placing one (potentially) large bid, you have run the risk that someone will begin to "chip you up" (this is what we see when another bidder throws bid after little bid on an item, trying to see how much you have bid.....ultimately with THAT bidder stopping right at the point near your high bid amount, which can often be seen if their bid results in you still being the high bidder, at either the exact same amount that the "chipper" bid, or at some amount less than the usually incremental increase that eBay uses automatically), especially if a SERIAL BIDDER comes along. As with SERIAL BIDDERS, ONE TIME BIDDERS rarely win ANY popular auction/item or collectible, and if they do, they often end up having been "chipped" up right to their max! And more often then not, once the auction is finished, the top two or three bidders are NOT the ONE TIME BIDDER!
Lastly, we have what I will call the SUCCESSFUL BIDDER which I characterize as follows:
The SUCCESSFUL BIDDER, as I characterize it, while he or she may not win EVERY auction, will win many more IMPORTANT auctions, at BETTER PRICES, than they other types of bidders noted above!
The strategy I recommend of the SUCCESSFUL BIDDER is to come up with the absolute MAXIMUM they are willing to pay for the item, and then either themselves, or using ESNIPE or another competing product that they have FAITH in, to SNIPE their BID!
SNIPING your bid, such that it is placed within the last 6 seconds or so, of the auction end, will, in my opinion, and experience, give you the best potential success rate!!
Looking at popular auctions, I would say that 99% of the time, the top two or three bids have come in at the last few seconds of the auction, with most having been THE ONLY bid that eBay bidder has made on the item. Thus, no Successful Bidder (by my definition) would have contributed in bidding up any item which they are interested in buying. By holding off until the last few seconds, you are making sure no one else knows there are other interested parties, and by keeping the price as low as possible throughout the auction, you are potentially lulling others into placing lower bids at the end, figuring that the apparent "lack of interest" will result in a lower bid required to win the item.
Additionally, even though eBay scrambles bidder IDs there are ways in which active eBayers can and do figure out who is bidding, and if they see bids from those they know to be strong contenders for an item, they may bid higher......thus by NOT having people know YOU are interested, and by keeping the price as low as possibly throughout the auction, you are reducing the possibility of higher bidding at the end.
I have used this strategy successfully for years, winning almost every auction I seriously want to win, many many times significantly below the highest amount of my snipe. The price I pay using eSnipe (to me) is well worth it, allowing my bid to be placed without my having to be hovering over the computer right at that moment, and I simply factor in that cost, when I place my snipe bid, into the equation. If you have both the time, and a fast computer/internet connection, you can do it yourself, but I chose to use eSnipe, most of the time.
So, to sum this up, if you really want to improve your success rate, on eBay, eliminate emotional bidding, and potentially win more auctions, for actually less money, I highly recommend you become a SUCCESSFUL BIDDER by utilizing eSnipe, or any other Snipe Program you trust, of by Sniping an auction yourself (bidding within the last 6 seconds of the auction).
If you have found this guide easy to understand, and worthwhile, again, please click the YES button at the bottom, so as to make the guide more visible to other eBay members.
While this isn't rocket science, or a great epiphany, I continue to be surprised at seeing how many folks do not do this, but instead fall into the first two categories of bidders discussed above.
Good luck, I hope I have helped you win more eBay auctions for less money, and don't forget to click the YES button below!
Feel free to read my other guides, and if you like them, click their YES buttons too....
Thanks for reading!!