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Sunday, August 20th, 2006 by eBay Auctioneer Subscribe To Our Feed

Advice to Aid You with Saving Money on eBay:

1) After every transaction both the buyer and seller have the option of rating each other.

2) Always read the seller's feedback. If the seller has less than one percent negative feedback to positive feedback, that is an excellent ratio.

3) In the case where a tie bid is submitted, then the bid that was submitted first wins the auction.

4) Most buyers on eBay are casual, and don't know what they're doing: a little knowledge can go a long way in getting you an advantage.

5) If you want to pay a fixed price then there are thousands of online stores you could be visiting. It's like pressing 'collect' instead of 'gamble' on a fruit machine: it's the boring option. But then, maybe that's what you want. These rules are relatively constant: there are few times when using Buy it Now would allow you to get something cheaper, or when bidding would be an easier way to do it. In the end, as with so many things in life, it's a simple question of price vs. convenience, and it's up to you. There are those times, though, when the strategic use of the Buy it Now button can be a useful tool to help you outwit your competition. If the current bid is almost as high as the Buy it Now price, then why bid higher and keep the contest going?

The company's current business strategy includes increasing revenue by increasing international trade within the eBay system. Large international companies, such as IBM, sell their newest products and offer services on eBay using competitive auctions and fixed-priced storefronts.

Did You Know?

In September 2005, eBay's privacy practices relating to its VeRO program came under scrutiny when WNDU-TV reported that the Embroidery Software Protection Coalition was accusing United States buyers, identified by eBay, of copyright infringement, and demanding monetary settlements.

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