Ebay auctions are about bids but don't bidders have more of a chance to win if they wait till the end or maybe even sniping at the last second? Is there a strategy Im not seeing here with this method by letting their interest been known early on?
2006-11-17 13:29:37 · 6 answers · asked by pookiepoo 2 in Computers & Internet ➔ Internet
Sometimes I see an item and I already know the maximum amount I would pay and I bid accordingly early on because I may not be able to get back to it or remember it when it ends. Other times I do hold off till the last few seconds. The latter is a lot of fun if you know you're going to be there when it ends. Also sometimes I like to bid early hoping others will pass it by when they see the item already has a bid. It just depends on the item and the price and the starting bid.
2006-11-17 13:44:07 · answer #1 · answered by Barry DaLive 5 · 0⤊ 0⤋
Everyone is different. Some people may not want to tip their hand and will wait untill the last hour. Others are vultures ready to pounce on a deal at the last second. Most people see a listing, decide what they are willing to pay and place their bid. Ebay will only use the minimal amount of your bid to win the auction. If you see an item for .49 with seven days to go and no other bids, you place a bid for say $25 because that's all you are willing to pay, Ebay will take your bid as .49 Then if someone bids $2, Ebay will counter with your automatic bid of say $2.50. This process continues everytime a new bid comes in. You can see who has bid in the bidders window. Near the end of the auction someone comes in and places a bid at $18 - your bid (made seven days ago) will counter up to your maximum bid. You would probably win the auction. Good Luck and have fun bidding!
2006-11-17 21:46:31 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Depends on the circumstances... if you use proxy bids, just bid the highest you want to pay and forget about it. Perhaps you will not be around at the exact time the bid ends to try to snipe it (rarely works anyway) or, you can run the bid up early to see who's interested. If someone has already done this, then wait 'til the last 30 seconds to submit your highest bid... you may get lucky.
2006-11-17 21:36:44 · answer #3 · answered by Lee W 4 · 1⤊ 0⤋
1. They may not be aware that bidding on an item early can raise interest in the item and drive the price up.
2. Since you can have it automatically keep bidding for you up until the price you specify, if you see something you want today, you don't have to keep logging in to E-Bay to see what the current bid is. You can walk away and forget about it for a while.
2006-11-17 21:34:51 · answer #4 · answered by mandi3939 3 · 0⤊ 0⤋
It depends... I bid early with my top bid,which is usually more than I think the item is worth. I deal in computers, and usually win about 1 of 10, but the one is a deal.
2006-11-17 21:46:01 · answer #5 · answered by Anonymous · 0⤊ 0⤋
newbie just don't know any better.
2006-11-17 21:46:51 · answer #6 · answered by Wicked 7 · 0⤊ 1⤋