eBay has come a long way since its early days as a pure auction site that was great for getting rid of your junk. Nowadays, around 81% of everything sold on the site is brand new.
It is great for consumers worldwide – you can get from the site just about anything you might want.
The auction side of the site is really the most exciting part, though. But how do you make sure that you get the best possible deal when there are a billion deals on the site?
The first trick to success is to be specific about what you want and, if you are not based in the U.S., look at the local site first. (Locally sold goods often are less expensive in terms of shipping.)
So, type in something like, “best promo for socks” on the eBay Australia to get local deals. You could just type in the products you are looking for and find the sellers that you want.
Check the results that come up and see what the average “Buy Now” price for socks is. This is important – once you start bidding, it can be easy to get carried away and pay more than the item usually sells for.
Now that you know your prices, select the tab for auctions and select the “Ending Soonest” tab. There are a couple of ways to approach the auction, but winning always means having the highest bid.
By paying attention to the auction in the last few minutes, you have a better chance of getting in there and adding the highest bid at the last possible second, thus winning the auction.
Of course, you do need to be disciplined about the price that you are willing to pay because it can be tempting to want to beat out the competition at any costs and pay more than you should.
There is a lot more to learn about this site. Are you ready?