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Ebay strategies

post #1 of 38
Thread Starter 
I noticed that a lot of the people who beat me on my bids do so within seconds of the end of the relevant auction. This is frustrating as the guy ends up paying 50 cents more than my maximum bid and I have no way of increasing my bid (as it's too late). I remember reading somewhere that there is a software that allows you to program your bids that like. Can someone please point me to this program? Thanks.
post #2 of 38
ebay sniper ... auction snipe.... something like that. Google it... (I despise that... I meant: use a search engine to locate it).
post #3 of 38
It's annoying, and it takes a while to accept, but your only solution is to bid the absolute maximum price you'd pay. If you were willing to pay more, you should have just bid that higher amount the first time around. Also, the way eBay works, you have no way of knowing how much the maximum bid was for the guy who sniped you; he may have been willing to pay $100 more instead of just the $1 over your earlier bid, but eBay doesn't reflect this unless the bids go that way. You can look into sniper programs, and it will generally save you money if you only bid at the last minute, but the only real solution is to bid the most you'd be willing to pay the first time around, and just accept whatever happens without getting caught up in a bidding war mentality.
post #4 of 38
yup - agreed. sit back until the last minute or so and then going in at the absolute maximum you are willing to pay for it. its useful also to think about the chain reaction that follows then... eBay will send out an email to whoever was previously winning the auction, letting them know they have been outbid...however with only 1 or 2 mins left in the auction, unless they are sitting there watching it anyhow, this email likely wont be received until its too late...and if they are sitting there, the email will probably be more like a distraction to their frantic "refresh" hitting. the other issue here is that at this point, if a bidding war erupts, people are often sitting there increasing by $1 or $2 at a time - thinking 'cool i can beat this guy by a dollar' - however if you are, say $20 higher than the opening bid and happy to pay that amount, this buys you some insulation in the last few minutes - they have to bid more than 10 times in 2 minutes to catch you. and - as previously highlighted - the guy didnt beat you by 50 cents, he beat you by the maximum that he was willing to pay versus the maximum you were - eBay sides with the buyer and he only pays 50 cents more, although he may have bid much much higher than you did.
post #5 of 38
Nonononono...no.... You should view it as a test of your manhood. Start drinking heavily an hour before bidding closes... then have a couple cute girls watch you down the stretch as you show the other bidder who the MAN is. ...whistling innocently as I run for the door...
post #6 of 38
For me when i find an item i want i just bid the absolute highest i would pay for it.  Bid snipping doesn't work unless the person makes a minimal bid and plans to increase it later.  Just bid your max asap and you should be fine.  Cause if they bid at the last minute and its more than you would have paid what difference does it make if they were waiting by there computer and planned there day around it or if they just bid there max when they found the item?  Personally i got better things to do then wait till the last minute to bid like sit around and have styleforum distract me from my homework    Hope my strategy made sense. Not to hijack your post but do people find that when they start auctions at $1.00 they typically sell faster (first time around, slightly obvious) and for more than if they start them high or do buyitnow? I'm sort of experimenting with this now but have noticed this by watching auctions
post #7 of 38
I agree on the bid high strategy if you are bidding on something you really want. There are often the "snipers" who come in with 5 seconds left, but what they often do is throw in a bid (w/5 seconds left) that is, say $15 or $20 more than the current bid. That's often enough to get the last bid, but not if you make sure your listed high bid is a comfortable margin above the current bid. That'll often insulate you from the small time snipers. Of course, it won't insulate you from a big time sniper who suddenly bids $200 more with 5 seconds left.
post #8 of 38
I regularly use esnipe.com for ebay bids. They charge something like 1% of the purchase price if you win. There are lots of other similar sites. I find that sniping saves me money, and it's more convenient to use an automated sniper if the auctions end during the middle of the night or during working hours when I can't be at my computer. As well, if you bid your max right away on ebay, and you change your mind, you'll have to retract your bid. Whereas with a sniper, you can change your mind about your max price right up until the final minute.
post #9 of 38
there is a reason why I dont like the bid as early as you like system - and my logic may be completely flawed btw if I look at an item with 5 days left and notice someone has already bid on it ...that makes it more attractive to me for some reason. No need to trawl thru all these other ones, someone else has already done it and likes this one.... I find that if I jump on it early, it stimulates the competition a little more than an item that makes it to the last day with no visible interest. Maybe that is complete crap, I dont know, but its my suspicion.
post #10 of 38
Quote:
there is a reason why I dont like the bid as early as you like system - and my logic may be completely flawed btw if I look at an item with 5 days left and notice someone has already bid on it ...that makes it more attractive to me for some reason.  No need to trawl thru all these other ones, someone else has already done it and likes this one.... I find that if I jump on it early, it stimulates the competition a little more than an item that makes it to the last day with no visible interest. Maybe that is complete crap, I dont know, but its my suspicion.
I know what you mean. I kind of mentioned this in my post about items that start at $1.00 sell higher than those that don't. I think its the competition, i know there have been times when i used to bid snipe and there were other doing this in the last 5 minutes and suddly i had to win the auction and ended up paying $50 more than i would have ever paid. But i guess i'm just lazy and usually bid once or twice then i'm done. As for the sniping tool i'm not a fan of them i sort of see them as 'cheating'
post #11 of 38
Yeah, you don't want to get into a bidding war: bid your max or set your sniper at your max well ahead of closing. Then walk away and check after the auction has ended to see how you did.
post #12 of 38
Quote:
if I look at an item with 5 days left and notice someone has already bid on it ...that makes it more attractive to me for some reason.  No need to trawl thru all these other ones, someone else has already done it and likes this one....
Which means others that want to bid on auctions with bids are prime bait for shill bidding - Be careful out there, you never know who's bidding against you. A couple signs of a shill bidder to watch for - registration a long time ago with few puchases and/or a bidder that has bid early in auctions for particular sellers but never wins.
post #13 of 38
Quote:
Quote:
(m@T @ Mar. 24 2005,19:38) if I look at an item with 5 days left and notice someone has already bid on it ...that makes it more attractive to me for some reason.  No need to trawl thru all these other ones, someone else has already done it and likes this one....
Which means others that want to bid on auctions with bids are prime bait for shill bidding -  Be careful out there, you never know who's bidding against you. A couple signs of a shill bidder to watch for - registration a long time ago with few puchases and/or a bidder that has bid early in auctions for particular sellers but never wins.
Isn't that, like, highly illegal?
post #14 of 38
One thing I think separates Ebay from a traditional auction: In a traditional auction, the auction ends when the bidding finished.... or to put it another way, when the highest bid has been reached. What seems different about eBay is that the auction ends when the time runs out. There are times I have lost track of time and forgot to get my bid in. The item sold for less than what I'd be willing to pay, but I didn't get around to bidding. This is because I never bid until the last thirty seconds. I keep two browser windows open. One has my confirm bid page ready to launch, the other is the auction item I'm watching and frequently refreshing. If the auction is down to its last couple of minutes, and the price has gotten ridiculous, I'll skip bidding. However, if the item is still in range, I'll click the confirm bid button with fifteen seconds to go. My bid represents the most I would actually be willing to pay. My thought with this strategy is that I don't want to get into a bidding war by bidding early. Early activity on an auction only seems to drive the price up. I am a bargain hunter and this strategy has seemed to work well for me over the past couple of years. Scott.
post #15 of 38
As I told a couple of guys I took to the thrift store earlier this week: don't fall in love with it. In thrift shopping you'll end up with garbage you never should have bought. With ebay, you may end up with stuff you like (or love) but paid way too much for it. Caveat: Personal experience has taught me this is difficult advice to follow.
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