Home > Online Auctions > Making the Most of eBay

Making the Most of eBay

By: Chris Nickson - Updated: 23 Sep 2012 | comments*Discuss
 
Auction Ebay My Ebay Bidding Selling

EBay is a wonderful place for buying and selling almost anything. But have you ever noticed that some people seem more successful at using it both as buyers and sellers? All it means is that they’ve learned how to use eBay properly. There’s an art to it, but you can learn to use eBay to your advantage, too.

The Most from Selling

The first thing to do is research thoroughly before listing your item. See what similar goods sell for on the site (you’ll find that the prices can vary widely in many cases).

Take time composing your listing. Be very thorough – the more information you include, the better your chances of coming away with good money. Add pictures. One is fine, but for items of some value, use more. You pay a small fee, but it can bring a high dividend.

Don’t be afraid to point out any flaws in your item; in the long run, honesty is always the best policy and buyers will appreciate it.

Obviously, the more people who see your listing, the greater the chance of it selling for a high price. Keywords are important, to put your item in many different categories. Use as many as possible. You can also pay extra to have your listing at the top of a page. With something valuable, it can be well worth the extra outlay.

If your item is rare, don’t be afraid to say so – and why.

Set a realistic starting price. Don’t be ambitious and set it too high – you’ll simply discourage bidders. Conversely, there’s no need to start at a penny if the item is worth considerably more.

Take the time to discover the cost of postage and include that (as well as any packaging charge). Make payment easy for buyers, by offering the multiple options of PayPal, snail mail or cheque. With high-ticket items, eBay has an escrow service that protects both you and the buyer. In other words, take advantage of all the tools eBay has to offer.

There are also outside tools you can utilise to make your listings look snazzy, but they’re largely unnecessary. People are interested in the item, not flashing surrounds; in fact, many find them distracting.

The Most from Buying

Be a savvy buyer. That means not bidding on impulse, but only on items you really want. When you’re bidding, set an upper limit and stick to it. That’s easy to do (at least in theory!). Simply bid your highest amount when offering your initial bid.

If the item is something you simply must have, no matter the cost, monitor the last few minutes of the auction. A handy technique and one that works especially well against inexperienced bidders, is to add a high bid in the last few seconds of an auction. It’s an almost unbeatable strategy – unless the other party has already tabled a higher bid.

Know the value of items you’re bidding on. Follow the progress of the bidding daily using the “My eBay” facility. Don’t be afraid to ask questions of the seller to determine condition, etc., and ask for more pictures if you feel you need them.

You might also like...
Share Your Story, Join the Discussion or Seek Advice..
Why not be the first to leave a comment for discussion, ask for advice or share your story...

If you'd like to ask a question one of our experts (workload permitting) or a helpful reader hopefully can help you... We also love comments and interesting stories

Title:
(never shown)
Firstname:
(never shown)
Surname:
(never shown)
Email:
(never shown)
Nickname:
(shown)
Comment:
Validate:
Enter word:
Topics
Latest Comments
  • Fash
    Re: Auction House Commissions
    Hi jay Whereabouts is your auction place please
    20 November 2019
  • Pop
    Re: Consumer Law and Auction Goods
    I bought a property at Auction which was described as having a upstairs bathroom and a AST, the bathroom was down stairs and…
    19 October 2019
  • Jules
    Re: Selling Collectibles
    I have a helm of king elemoil limited edition cost £800 new very difficult to get hold of selling for £400 I have box stand and certificate…
    7 October 2019
  • Mike
    Re: Consumer Law and Auction Goods
    I have previously bought an ex-Motability car from a car auction. Another auction house now sells such vehicles (which are…
    9 September 2019
  • Daniel Rourke
    Re: Selling Collectibles
    Hi.. I have a rare book. Ita a first edition jk Rowling Harry Potter and the philosophers stone from 1997. Would it sell? And how much…
    29 August 2019
  • Who wrote this actua
    Re: Auction House Commissions
    Who wrote this actual trolley of garbage?
    19 July 2019
  • Diane
    Re: Problem With an Item Bought at Auction
    Won item from curr and dewars in Dundee, contacted them to confirm opening hours to arrange collection. Hired a van…
    13 June 2019
  • Francesca Gemeli
    Re: Selling Collectibles
    I have a full set of The Lord ofthe rings chess set 3. I have no board but i have the whole collection in mint condition. Im up for genuine…
    12 June 2019
  • Francesca Gemeli
    Re: Selling Collectibles
    I have a full set of The Lord ofthe rings chess set 3. I have no board but i have the whole collection in mint condition. Im up for genuine…
    12 June 2019
  • Topgun296945
    Re: Selling Collectibles
    I have 6 storage box’s of buffy the vampire stuff to sell books, statues, collectors cards. Badges, mouse pads , pencil case were can I sell?
    3 June 2019