Absolute Beginner's Guide to eBay (2nd Edition) by Michael Miller

By Michael Miller

On any given day there are greater than 12 million goods indexed for public sale at eBay, the world's biggest on-line buying and selling neighborhood. nearly $15 billion worthy of item, in additional than 638 million person auctions, was once traded over eBay through the yr 2002; that is $50 million an afternoon, or $579 each moment. on the finish of 2002, eBay had greater than sixty two million registered clients - nearly triple the variety of clients simply years past. the 1st variation of this publication is a runaway best-seller, so it is only usual we might replace this nice ebook to mirror a few of eBay's most modern improvements corresponding to; promoting supervisor (eBay's new public sale administration service), faster Lister (new directory construction software program) eBay's new directory layout positive factors.

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Extra info for Absolute Beginner's Guide to eBay (2nd Edition)

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38 ABSOLUTE BEGINNER’S GUIDE TO EBAY Understanding the Bidding Process It’s important that you know all about the item you want to buy before you place your bid. It’s also important that you know how eBay’s bidding process works—or you could end up paying too much, or (even worse) not enough to win the auction! Deciding How Much to Bid Determining how much to bid on an item on eBay is no more complex than determining how much you’d pay for an item at a flea market or garage sale. You should bid an amount no higher and no lower than what the item is worth for you—and what you can afford.

26 ABSOLUTE BEGINNER’S GUIDE TO EBAY These fees are based on the item’s final selling price (the highest bid). If your item doesn’t sell, you aren’t charged a final value fee. eBay also charges various fees for different types of listing enhancements. 1 lists all the fees eBay charges, current as of February 2004. 1 eBay Fees Type of Fee Explanation Fee Insertion fee In a regular auction, based on the opening value or minimum bid amount. In a fixed-price auction, based on the Buy It Now price. In a reserve price auction, based on the reserve price.

The $115 becomes your maximum bid. 2. 50 in your name. This becomes the current high bid. 3. Another bidder sees this item, and bids the next bid increment (as specified on the item listing page), $105. 4. 50. 5. A third bidder sees the item, and enters a maximum bid of $150. In accordance with the current bid increment, his proxy enters a bid of 110. 6. 50. 7. The third bidder’s proxy responds with a bid of $115. 8. Your proxy drops out of the bidding, and eBay notifies you (by email) that your bid has been surpassed.

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