Auction tips and tricks

Auction Information Channel

SEARCH: The auction information channel Directory of Information

auctions Akron, Ohio listings, estate sales Akron, Ohio, surplus liquidations Akron, Ohio

We would like to thank the local libraries, schools, and universities for recommending students to visit us when doing research on any of our information topics.
 Please check back frequently as new topics are added and current topics are updated daily.


Click here to show your advertising on hundreds of sites instantly
officejax online auction and surplus outlet shopping mall

Place your TextLink AD here free
Pet pictures cat pictures dog pictures   used bmx bicycles for sale   used diecast toys for sale   surplus advertising supplies for sale

eBay Auction Bidding Strategies--Overcoming the most Frustrating Situation on eBay


The Problem...

It's happened to the best of us.

You've been watching the auction all week, and finally you're about to claim your prize--a rare bronze statue from the Qing Dynasty. Or something just as tantalizing.

You log on a few minutes before the auction closes, and confirm that you're still the top bidder -- no one has challenged you in several days. You're already picturing "your" statue prominently displayed on the living room mantelpiece, your friends green with envy as you tell them about the great deal you got on eBay. You refresh the page a few times, to make sure you're still number 1. You even up your bid a little just to make sure no body tries to outbid you at the last minute.

50 seconds to go...30...10...the auction has ended and the statue is yours!! You refresh the page for the last time so you can see your eBay ID announced as the winning bidder. And that's when your heart drops to your toes. It's not your eBay ID at all, but some joker who calls themselves "SpeedyFingers123".

How could this have happened?

You were the winning bidder with only 10 seconds to go!! Speedy or not, it just doesn't seem humanly possible.

Well, you're right. No one is that fast. SpeedyFingers123 (I made that one up, so if it's your actual eBay ID, please don't sue me!) won the auction in the final 4 seconds. It isn't humanly possible because "speedy" didn't actually place the bid. The bid was place on his or her behalf, from a remote server, using something called Bidding Software.

You've Been Sniped!

The act of placing a bid during the final seconds of an online auction is called "Sniping" and it's perfectly legal on eBay. Bidding wars and sniping are an eBay sellers dream and a buyer's nightmare. Why, you're asking yourself, don't these people just use eBay's trusty proxy bidding process? Why not just discreetly enter the maximum they're willing to pay at the beginning of the auction, then let the cards fall where they may? Well, for a couple of reasons. First, it's not human nature. If all you have to do is outbid the next guy by fifty cents or even five dollars to win, wouldn't you?

Second, it doesn't make economic or strategic sense to place a bid anytime before the last five minutes of an auction.

Think about it. eBay encourages bidders to use the proxy system and place bids early. What this means is that an inexperienced bidder who wants an item will want to be the highest bidder right away, and will keep upping their bid to hold that winning position. They'll only stop when the bidding exceeds their budget. Then the next guy comes along and continues the process. If this starts at the beginning of a seven or ten day auction, and ends with a bidding war in the last 10 minutes, the final price for the item can spiral out of control. Many items sell for far more than fair market value because people get caught up in "bidding fever" -- all they want is to WIN, they're not even thinking about whether the price is realistic.

What to Do?

A better strategy would be for everyone to "watch" the auction until the very end. Again, there's two good reasons. One, the price doesn't spiral up as just illustrated. Two, the auction has zero bids, so it attracts fewer bidders-- less competition. It's a fact that once an auction has at least 1 bid, it becomes a magnet for additional bidders. Shoppers scanning an auction page tend to jump to the ones with bids, figuring there must be something that attracted other bidders. The more bids, the more interesting the item looks.

Wouldn't it be great if a seller started a two carat diamond ring at $0.99 and no one bid until the last five minutes, and they all bid in fifty cent increments? Someone might win the ring for just a few bucks!! Of course, that never happens, but it would be the ideal situation for a buyer-- and it would put eBay out of business in a hurry. eBay encourages early bidding and smiles upon the snipers of the world. eBay makes their profits on listing fees and "final value" fees. The more the item sells for the higher the "final value". This makes eBay very happy. That's why you'll never find any tutorials anywhere on eBay telling you to wait until the end of an auction to bid.

The Solution...

OK, so now that we understand the benefits of sniping, lets get back to our friend "SpeedyFingers123". Speedy probably started out in life just like I did. She learned everything she knew about eBay from eBay and never realized there was such a thing as bidding software. Never knew a computer could do your sniping automatically, bid on your behalf in the last 2 to 8 seconds of an auction, and do it while you're asleep. With sniping software, you tell the software program which auctions you're interested in and how much you're willing to pay. eBay never knows you've seen the auction until your friendly sniping service swoops in and places your bid with only seconds to spare. Neither does your competition. They never see you coming. The only way you can lose is if someone else uses the same program sets their maximum bid higher than yours.

(Yes, my friend, you can still lose. There's no guarantee of winning an auction no matter what system you use, if someone else is willing to pay more. If you set your maximum bid at a million dollars for a hunk of Elvis' belly button lint and some nut is willing to pay a million ten, you're still going to lose!)

"Bidding Fever" Cured

Let's face it, there IS a positive side to losing an auction. It's the satisfaction of knowing that you didn't lose your head and spend more than you could afford!! Trust me, I've been there, done that, and come to regret it. With sniping programs, you can "set it and forget it" and walk away knowing that if you don't win, you couldn't have afforded it anyway.

What's that I hear you saying? "But I could have had it if I'd just upped my bid by another fifty cents!" Hey, did you listen to anything I just said? Do you want to drive yourself nuts? It's only stuff, after all. You can't take it with you, and there will always be more. The beauty of eBay is that there will probably be another just like it, or at least something just as fabulous.

You're in Control

There's another big advantage to using bidding software. Two things, actually. First, sniping programs allow you to do something called "contingency bidding". Suppose you're interested in several very similar items and you want to win at least one of them but not all. Provided they're not all ending at the same time, you can create a contingency plan telling the bidding software to cancel your bids on the other items as soon as you win one of them.

Second, you can change your mind about an item you're bidding on at any time (except in approximately the last 15 minutes). On eBay, it's a huge "no-no" to retract a bid. You can only do this under the most dire of circumstances. Do it too many times you'll be politely asked to leave. Permanently. But, because eBay doesn't register your bid until the Sniping program enters it for you, (at the very end of the auction) you can cancel your "snipe" with no penalty. You're canceling what you've programmed into the sniping software, not an actual bid on eBay. Isn't that nice? No more "watching" an auction you're unsure about, and then forgetting to bid on it. No more babysitting your computer so you can be there for the final moments of the auction. No more finding out you've read the description wrong and you're bidding on an item you don't want. Or finding something you like better after you've already committed yourself to another item, and having to pass on it. (Or worse, spending way too much on both!) And, finally, you have the satisfaction of knowing that winning doesn't depend on the speed of your fingers or your internet connection.

Believe me, the first time you snatch an item away from SpeedyFingers123-- or anyone else for that matter-- you'll be hooked.

© 2004 NetBrainer LLC. An eBay Power Seller and rabid eBay shopper, Carolyn Schweitzer is the owner and editor of "NetBrainer", a site dedicated to improving the performance of buyers and sellers on eBay. (You can learn more about sniping programs at NetBrainer.com ). Carolyn also provides weekly recorded tips on eBay for "Third Mind USA Small-Biz radio".


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Wed. August / 23 / 2017

EE is also suing Ofcom to mould 5G spectrum auction as it sees fit - Engadget

Engadget

EE is also suing Ofcom to mould 5G spectrum auction as it sees fit
Engadget
It seems a couple of UK carriers would rather tie the impending 5G spectrum auction up in litigation than let any of their competitors get their own way. Following in the footsteps of Three, EE is launching its own legal challenge against Ofcom in an ...

and more »

Central Bank of Iraq Auctions $164564938 on 23 August 2017 - Iraqi News

Iraqi News

Central Bank of Iraq Auctions $164564938 on 23 August 2017
Iraqi News
Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on August 23 registered $164,564,938 in sales, a 2.60% volume increase from the US $160,395,885 sold by Iraqi Dinar, credit and transfer at the previous auction held on August 21.


California pollution permits sell at highest price ever - Red Bluff Daily News

California pollution permits sell at highest price ever
Red Bluff Daily News
Last week's auction was the state's first since lawmakers voted to extend California's cap and trade program through 2030. It requires businesses, oil refineries and other polluters to obtain permits to be able to emit carbon, with the overall goal of ...


Property - Telegraph.co.uk

Telegraph.co.uk

Property
Telegraph.co.uk
The appeal of auctions is strengthening in a slow market, says Auction House. The property agent has put more buildings on the block in 2017 than in any other year of its decade-long history – 2,533 auction lots, up from 2,480 in 2016. These sales have ...


California Auction Raises $640 Million for Greenhouse Gas Fund - Bloomberg BNA

California Auction Raises $640 Million for Greenhouse Gas Fund
Bloomberg BNA
The auction, conducted Aug. 15, was the first since a California appeals court rejected claims from businesses and California's Chamber of Commerce that the auction was an illegal tax. It also was the first since enactment of a state law championed by Gov.

and more »

Funds buy record amounts of longer-dated Treasuries at auctions - New York Daily News

Funds buy record amounts of longer-dated Treasuries at auctions
New York Daily News
Foreign investors, another major group of holders of U.S. government debt, bought $1.783 billion of the latest 10-year supply, the least amount they bought at an auction since June 2009 and well below the $3.405 billion they purchased the previous ...

and more »

The Million-Dollar Blue Diamond on Auction in Beverly Hills - Live Trading News

Live Trading News

The Million-Dollar Blue Diamond on Auction in Beverly Hills
Live Trading News
Heritage Auctions is the largest fine art and collectibles auction house founded in the United States, and the world's largest collectibles auctioneer. Heritage maintains offices in New York, Dallas, Beverly Hills, San Francisco, Chicago, Palm Beach ...


Beatles' 'Eleanor Rigby' score expected to fetch $26000 at auction - Republica

Republica

Beatles' 'Eleanor Rigby' score expected to fetch $26000 at auction
Republica
"Each item is fantastic, unique and of significant historical importance in itself, so to have both come up at the same time is an incredible coincidence," said Paul Fairweather from Omega Auctions, which is selling the items. "I expect there to be ...

and more »

New five-pound SHOCK: Rare notes could be worth £17000 - here is how to spot one - Express.co.uk

Express.co.uk

New five-pound SHOCK: Rare notes could be worth £17000 - here is how to spot one
Express.co.uk
In May, a £5 note dated 1971 with a serial number A01 000004, which means it was handed to the then Chancellor Anthony Barber was sold at an auction for £16,800. Andrew Pattison of Spink & Son, says: “In terms of the serial number, anything at 000999 ...

and more »

Coca-Cola Selects The Future of Real Estate (FRE.com) to Conduct Online Auctions for 2 Former Distribution Centers - Markets Insider

Coca-Cola Selects The Future of Real Estate (FRE.com) to Conduct Online Auctions for 2 Former Distribution Centers
Markets Insider
NEWPORT BEACH, Calif., Aug. 22, 2017 /PRNewswire/ -- Having conducted successful auctions in the past for Coca-Cola Enterprises Inc, The Future of Real Estate (FRE), a leading online auction marketing firm, is once again conducting a sale by auction of ...


Google News

free amv format video downloads   amv format video downloads   amv format videos                    office cubicles and office partitions for sale in Ohio                                
 


Click here to place your AD on this page for freeHere

Find used office equipment in Ohio at www.OfficeJax.Has.It

Find the best fleamarkets at www.FleaMarketWorld.Has.It

Find electric powered vehicles at www.NoGas.Drives.It

Surplus Outlet Directory
www.OfficeJax.info

www.ElletFleaMarket.has.It

5th Avenue Flea market
www.5thAvenue.Has.It

Free Automatic Link Exchange

Find homes for rent
in Akron Ohio
www.homes4rent.has.it

 

 

AUCTIONS OHIO


AUCTIONS AKRON OHIO

Ron Rosier's auctions formerly located on Arlington St. Watch here for our new location.

AUCTIONS CANTON OHIO

Carol's Auction
 
2906 Waynesburg Dr. SE. Canton, OH. 44707-2065
Carol Hall & Bill Alge MAP

Dueber Rd. Auctions

 

Auctions Ripley, Ohio
Campbell auctioneer


OHIO AUCTIONS

 

 

Surplus Overstock and used PET SUPPLIES

buy arts and crafts supplies below wholesale in Akron, Ohio

university of akron university housing available

Find unclaimed freight in Akron Ohio

 

 

 

 

 

officejax surplus office furniture outlet Akron, ohio

[Back to Top]

OfficeJax free ad space available here

online shopping
 in Akron, Ohio

Triplet jeweler's loop's
magnification for crafting
coin collecting
jewelry appraisal
NOT $169.00
NOT $99.00
While supply lasts
$15.00

Akron crafts and hobby news center

Akron currency trading

Akron Ohio pet news

Advertising and promotions Akron, Ohio

Best Tips and Home Remedies

The Akron blogging news center

Akron Ohio web site design news

Akron Mortgaging and refinancing

auction Akron Ohio

auctions Akron Ohio

 

auction news and listings for Akron, Ohio

Rosier's Auction
Akron, Ohio

Home | Site Map
© 2012 All Rights Reserved

    

Akron beacon journal unclaimed property storage unit university of akron honda akron ohio dodge akron ohio pontiac akron ohio akron real estate ford akron ohio jeep akron ohio restaurant akron chevrolet akron ohio cadillac akron ohio  used car akron ohio akron ohio lexus akron ohio mazda akron ohio akron canton airport akron child hospital gmc akron ohio hyundai akron ohio insurance akron akron oh real estate buick akron ohio chrysler akron ohio toyota akron ohio akron attorney akron beacon journal obituary akron mercury ohio acura akron ohio volkswagen akron ohio health insurance akron nissan akron ohio flight to akron akron watson akron u akron doctor akron general hospital akron public schools city of akron akron beacon akron city hospital kia akron ohio akron family  mortgage akron akron apartment oh rental bmw akron ohio akron general medical center infiniti akron ohio akron vacation akron public library akron canton university of akron ohio akron florist mercedes benz akron ohio akron travel akron beacon journal classifieds mitsubishi akron ohio audi akron ohio saturn akron ohio akron ohio porsche akron news akron metropolitan area transportation study akron municipal court akron school closings akron airport akron aeros akron civic theater akron zips akron newspaper akron brass oldsmobile akron ohio jaguar of akron ohio wayside furniture akron ohio akron oh hotel hotel akron akron zoo akron pa real estate akron hospital akron summit county public library akron apartment akron general akron ohio plymouth akron auto auction 98.1 akron wkdd akron beacon journal.com akron weather summit mall akron ohio akron summit county library  bank of akron akron ferrari ohio akron art museum akron zips football ticket akron dental insurance akron ny real estate akron ohio zip code news akron ohio university of akron athletics akron lincoln ohio akron lawyer akron police department  coroplast akron ohio custom signs and advertising solutions at OfficeJax online flea market