An Introduction to Bidding and Buying on eBay

An Introduction to Bidding and Buying on eBay

Have you noticed that whenever you open a newspaper, watch the TV or have a conversation, people seem to be talking about eBay? If you’ve never used it and you’ve no idea what it’s all about, then the chances are that you’re starting to feel a little left out. But don’t worry! This email contains everything you need to know about the basics of bidding and buying on eBay.

So What is eBay?

eBay is an online auction website – and not just any auction site, but the biggest one in the world. If you know how an auction works, then you already know how roughly eBay works. Someone adds something they want to sell to the site, and then buyers come along and place bids on it. The highest bid wins the item! It’s that simple.

eBay being an online auction makes a big difference, though. Buying and selling are not reserved for any elite. eBay accept almost any item, no matter how small, and will then advertise it on their sites all over the world. It’s a powerful combination of an auction and a slightly chaotic marketplace.

What is Bidding?

Bidding is when you say how much you will pay for an item in an auction. Bidding on eBay, however, doesn’t work in exactly the same way as a normal auction, at least in theory. On eBay, you tell the site what the maximum you are willing to pay for each item is, and then eBay places the bids on your behalf. That means you could say you were willing to pay up to 0 for something and only have to pay , if that was the highest maximum bid anyone else placed.

It’s not as complicated as it sounds – the best way to get used to it is to give it a try. First, the best thing to do is to go to the eBay website designed for your country. If you don’t know the address for it, just go to www.ebay.com and it will tell you there. Now, on the front page you should see a big box marked ‘search’: just type in anything that you’d like to buy there.

Wasn’t that easy? Now you should have a list of items for sale in front of you, along with how much people are currently bidding for them and the time when bidding ends for each item. If you click one of these, you can read the description, and then – if you’re happy with the item and happy to pay more than the current highest bidder is – you can bid!

How Do I Bid?

Go ahead and scroll down to the bottom of an item’s description page, and type the maximum you are willing to pay (your maximum bid) into the box. Then simply press the ‘place bid’ button – you will need to sign in once you press the button, or go through a quick registration process if you don’t have an eBay username).

If someone else’s maximum bid on that item is higher than yours, then eBay will tell you and give you the opportunity to bid again. Otherwise, you’re now the new highest bidder! All you need to do now is wait until the end of the auction – if someone else outbids you, then eBay will email you and you can bid again.

All sounds great, doesn’t it? But by now you might be wondering whether a site as chaotic as eBay can really be all that safe to buy from. That’s why the next email in this series will be about your rights when you buy from eBay.

Fran Harris is a TV host, former ESPN, FOX Sports & Lifetime Television announcer.

An international speaker, trainer, coach, author and business expert, she’s been featured

on CNBC, CNN, FOX Business Channel, Today Show, Tavis Smiley, The

Tonight Show with Jay Leno, Oprah’s Radio Network and many, many more media outlets.

She’s so passionate about helping people achieve their personal and business goals,

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5 Ways to Make Money Selling On eBay

5 Ways to Make Money Selling On eBay

Have you ever thought about making money selling thing on eBay, but had no idea how to make money selling on eBay? If you have, then you are going to love this post.

Thousands of people are still making a great income selling things on eBay. You can sell anything from electronics to reports about making money online and anything in between. Getting started on eBay is fairly simple and easy. All you need to do is find out what products or services are on demand, and buy or create those products or services for a low price and sell them on eBay for a profit. There are many ways in which you can make money on eBay, here are some of the best ways people use to make money on eBay:

Sell your unwanted stuff
Most people start making money on eBay by gathering their unused items and selling them on eBay. All of us have these kinds of items laying around the house, garage or in the attic. A lot of those items are not going to be used any way and probably will be thrown away any way. So, why not sell them on eBay and make a little extra money no matter how small.

Offer your services on eBay
You don’t necessarily have to be an experienced web designer or a fortune teller to make money on eBay. Look deeper, there must be something, a talent, or some kind of knowledge that you possess that many people might be willing to pay you for. A simple example would be offering people who have a lot of stuff to sell on eBay, but don’t have the time to do it themselves, or don’t know how to do it, to sell their stuff on eBay for a commission. These people could be your friends, family, neighbors or anyone else for that matter.

Buy from wholesalers and sell for a profit
There are whole seller in almost any category you can imagine. You can buy a product that usually costs , for if you buy in bulk. Choose a product that is hot and find a wholesaler. Buy in bulk for cheap and turn around and sell them on eBay for a profit.

Use drop shipping
Drop shipping is probably one of the easiest yet most controversial ways of making money by selling stuff on eBay. Its not that easy to find legitimate drop shipping companies, but when you do, it is so easy to make money with it. You don’t have to deal with anything like handling, shipping, processing, returns and etc. You simply list the items on eBay and drive potential buyers to your listing When they buy a product, you get your commission. Simple as that!

Buy stuff from classified ads sites and sell on eBay
Take advantage of the “want it now” feature on eBay to find out what items are hot and on demand. Then go to a classified site like craigslist and look for those items. Many times you can buy those items for very cheap. And sometimes you may even get lucky and get those items for free on craiglists “FREE” section. Craigslist can be a gold mine if you know what you are looking for.

Making money on eBay is still one of the best ways to make money online. There might be other ways to make money on eBay as well, but, most of them will come down to the above mentioned methods, and all of above methods basically come down to supply and demand. Find whats on demand and supply it to those who are demanding it, this is how you can make money selling on eBay.

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