EbayBuying

Auction Sleuth incorporates eBay snipe tools, Yahoo snipe tools, Overstock.com snipe tools and auction search tools for the major auction sites eBay, eBay Motors, Yahoo and Overstock.com auctions

This site uses news feeds from around the World and the Internet to give you up to date news on all that is happening on EBay.

RocketPlace Holds Second Annual Conference for eBay Sellers (AuctionBytes)
28 Aug 2008 at 10:14am
The second RocketPlace conference for eBay sellers takes place in Las Vegas next month. The conference has a beginner track for $259 and an advanced track for PowerSellers looking for tips on how t…

Survey Shows eBay Sellers Believe Payment Ban Lowers Profits (AuctionBytes)
28 Aug 2008 at 10:13am
eBay is moving to an electronic Checkout system, banning checks, money orders and postal orders, and more than half of sellers believe it would negatively impact their profitability, according to a…

eBay to Tell Shoppers, No Checks or Money Orders (AuctionBytes)
28 Aug 2008 at 10:13am
Sellers are saying eBay’s ban on checks and money orders is, in effect, a move to a PayPal-only policy - at least for the many sellers who don’t have their own credit card merchant account.

EBay’s biggest challenge: Amazon.com (The State)
28 Aug 2008 at 7:45am
Walt Kolenda, also known by the handle “Auction Wally,” began selling antiques and collectibles on eBay 10 years ago. But when Kolenda shops online, he goes to Amazon.com. Kolenda isn’t one of thos…

EBay’s biggest challenge: Amazon.com (Miami Herald)
28 Aug 2008 at 7:42am
Walt Kolenda, also known by the handle “Auction Wally,” began selling antiques and collectibles on eBay 10 years ago.

Certified Provider WhatDoISell.com Talks about eBay Changes (AuctionBytes)
28 Aug 2008 at 6:30am
Lisa Suttora is founder of WhatDoISell.com, an online retail-education website providing entrepreneurial support and networking. WhatDoISell.com is one of 30 eBay Certified Providers briefed by the…

Over its shoulder, eBay sees Amazon gaining (Tacoma News Tribune)
28 Aug 2008 at 3:39am
SAN JOSE, Calif. ? Walt Kolenda, also known by the handle ?Auction Wally,? began selling antiques and collectibles on eBay 10 years ago. But when Kolenda shops online, he goes to Amazon.com . Kole…

Saratoga students set their sights on eBay’s Web site (San Jose Mercury News)
28 Aug 2008 at 1:19am
This summer, a group of students from Saratoga High School had the chance to rub elbows with and influence those who decide how eBay’s Web presence should look and feel

New Kensington buildings on sale on eBay (Pittsburgh Tribune-Review)
27 Aug 2008 at 11:16pm
The two buildings and land up for auction on eBay are valued at $18,000 in tax terms and roughly $88,000 in terms of fair market value.

eBay buyers beware of sour sales (Pittsburgh Tribune-Review)
27 Aug 2008 at 11:16pm
Like some physical stores, eBay has provisions in place for auctions that go sour, including a returns policy for items that are “not as described” and an arbitration process.

Vettriano sketch sold at auction
26 Aug 2008 at 3:38pm
A retrospective sketch of one of Jack Vettriano’s most iconic images fetches £39,650 at auction.

Auction Sleuth incorporates eBay snipe tools, Yahoo snipe tools, Overstock.com snipe tools and auction search tools for the major auction sites eBay, eBay Motors, Yahoo and Overstock.com auctions

Bidding is the act of making an offer for an item that is up for auction. Bidding on eBay however is slightly different, and does not work in exactly the same way as normal auctions, at least in theory. Bidding on eBay is meant to be fun, but remember that all bids on eBay are binding, except in the sales of real estate or businesses and the sales of items that are prohibited by law or by eBay’s user agreement.

On eBay, you enter the maximum amount for the item you are willing to pay, and then eBay’s bidding system bids for the items on your behalf. Meaning supposing you are willing to pay $100.00 for an item, you can end up paying only $30.00 for the item, if that was the highest maximum bid anyone else placed.

Bidding on eBay can be very addictive, so its a good idea to have a pre - determined amount you are willing to spend for an item and not exceed it regardless of loosing out on the auction. A good strategy here is to use eBay’s proxy bidding system to automatically bid on your behalf. This means you don’t have to keep coming back to re-bid every time someone places a higher bid.

An Example of how eBay’s Proxy Bidding Process Works

* Search for an item you want to bid on.

* You determine how much you are willing to pay for it, in this example $30.00.

* The current minimum bid on the item is $18.00.

* Enter your maximum bid of $30.00.

* If there are no other bids on the item, eBay’s proxy server will bid for the item at the minimum of $18.00.

* If someone bids $22.00 for the item, eBay’s proxy server will automatically increase your bid to $23.00, which is what it is currently bidding for plus the minimum increment.

* EBay then emails the other bidder to inform them that they have been outbid.

* If there is another bidder with a higher maximum, you will obviously be outbid. But if no other bidder has a higher maximum, you win the auction, and the item is yours and this saves you the time and effort of having to sit around to bid again anytime you are outbid.

And because the proxy bidding system bids using your pre - determined maximum amount, there is no tendency for you to overbid, which significantly saves you some money. Of course you will not always win if someone bids a higher maximum value, but then it will not make you over spend, and because it’s eBay you can always come back again and bid on a similar item from a different seller.

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