Pankhurst Gallery | TOP TIPS FOR EBAY AUCTIONS
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TOP TIPS FOR EBAY AUCTIONS

TOP TIPS FOR EBAY AUCTIONS

I believe that eBay is a great marketplace and platform to sell from, and over the years it has gained a good reputation as a safe and secure way to buy and sell.

First step is that you will need an eBay account, the great thing being that it doesn’t take long to set up.

Once you have found an item you are interested in, save the listing to your ‘watch list and make a note of the date and time the auction ends so that you can be ready at least 5 mins before it finishes. (Personally if there is something I really don’t want to miss out on I will set up my phone to notify me).  Most of my auctions will not have a ‘buy it now’ option which means that the most crucial time will be the last minute or so of the auction).

Determining how much to bid on any item beforehand is the key, and no more complex than deciding how much you would pay in a shop. Decide what you feel the item is worth to you and this will guide you in the bidding process.

It doesn’t matter what the current bid level is, your bid should be the amount you’re willing to pay. That doesn’t mean you’ll actually have to pay your highest bid of course, thanks to eBay’s automated bidding software, registered bids will only be as high as necessary to beat the next-highest bidder. For example if you bid £100 but the next highest bidder bid only £50, you’ll win the auction with a £50.50 bid.

On eBay, proxy software operates automatically as an agent that is authorized to act in your place—but with some predefined bidding parameters.  You define the maximum amount you are willing to bid, and then the proxy software takes over and does your bidding for you, but it will never go above your highest bid.

I hope this is enough to get you started….

Julia

 

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