VIEWS: 3 PAGES: 24 POSTED ON: 8/25/2011
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Enjoy this Free Niche Report, compliments of WOW Enterprises For Many More Free Reports, simply click on the links below. www.TheWOWExperience.com www.NicheEmpireBuilder.com www.WOW-Content-Club.com www.WOWProfitPacks.com Becoming A Successful eBay Buyer: What You Need to Know Topics Covered: The Advantages and Disadvantages of Buying on eBay The eBay Buyer’s FAQ The Advantages and Disadvantages of Buying on eBay Shopping Online Can Be Fun! Hot tips for eBay Buyers An Introduction to Bidding and Buying on eBay eBay Auction Buyer’s Tips and Tricks What Makes eBay Stand Out for Buyers? Your Rights as an eBay Buyer Understanding eBay Buying Tools Taking Advantage of “Slow” eBay Auctions How to Check an eBay Seller’s Reputation (and Why You Should Do It) Introducing the New eBay “Buyer’s Credit” Program How to Find Great Deals at eBay How to Avoid Losing to eBay Snipers Clueless What To Buy On eBay? The eBay Blacklist Doing Your Holiday Shopping on eBay How to Become an eBay “Sniper” Tips for Buying Collectibles on eBay 1 Becoming A Successful eBay Buyer: What You Need to Know The Advantages and Disadvantages of Buying on eBay The Case For. Whatever you want to buy, whether it’s large or small, cheap or expensive, everyday or just plain weird, the chances are you can find it on eBay. It’s the largest auction site in the world, and when it comes to the variety of what’s on sale, size is vital. When was the last time you heard of someone getting a great deal on a weird and wonderful item at uBid or Yahoo Auctions? People who’ve got used to eBay don’t often stop to think how amazing it is--an online marketplace where you can buy things from all over the world, without leaving your home. You can get things that you would never think anyone would bother to sell, and you can get them cheaply. The powerful search engine means that you can find things you’ll like without even knowing exactly what you’re looking for. Not only that, but you can send money quickly and electronically to almost all of these sellers, without worrying about currency conversion or exchange rates or anything else. If you’re looking for rarities or bargains, eBay is an ideal place to buy. The Case Against. However much you might dream of a truly international marketplace, international postage costs will always bring you back down to reality with a thud. Do you have any idea how much it costs to send even the smallest thing to the other side of the world? Then there’s the fact that eBay is packed with fraudsters and scammers, preying on the innocent users who’ve heard that eBay is a great place to buy stuff but don’t know the risks. People can lose thousands of dollars, and eBay do nothing. Is that fair? It is hard to even leave negative feedback for the very worst sellers, for fear that they will retaliate and leave a black mark against your own account. eBay is unfair to buyers when other buyers don’t play fair, and unfair to sellers who end up selling things for a very low price, only to have eBay’s fees take away the last part of their profit margin. The Verdict. Those are the arguments for and against. So is eBay good, or bad? I’ll leave it up to you to decide. For me, though, the answer is this: as long as you’re aware of the downsides, and you know how to protect yourself from scammers and fraudsters and how to get ahead of the 2 competition, eBay is one of the best places in the world to shop. Having followed us this far, of course, you now know all these things, which means that for you, eBay is a great place! The eBay Buyer’s FAQ So you have a question? Has something gone very wrong and you don’t know what to do? Well, fair enough. Here are the questions that I hear all the time from buyers. Does eBay have a Customer Service Department I Can Phone? eBay are notoriously hard to contact, should you ever need to--it sometimes seems like they expect the site to run itself. You can email them, as long as you don’t have your heart set on a coherent response: go to http://pages.ebay.com/help/contact_us/_base/index.html. You might have better luck in a “live help” webchat here: http://pages.ebay.com/help/basics/n- livehelp.html. Only eBay Power Sellers (sellers with a very high feedback rating) get to phone customer service. If you really want to try your luck, type “ebay [your country] phone number” into a search engine and you’ll probably find something. Unfortunately, the chances are you’ll have gone to all that trouble for the privilege of leaving a message. It might seem cruel, but imagine the number of people who would call eBay every day with the silliest questions if they gave out their phone number everywhere. Its Wild West nature is, in a way, part of its charm. eBay Sent Me an Email Saying They’re Going to Close My Account. What Should I Do? This email asks for your password, right? It’s a scam, an attempt to frighten you, make you give up your details and then steal your account. eBay will never ask for your password or any other account details by email. eBay say that you should only ever enter your password on pages that whose addresses start with http://signin.ebay.com/. They even offer a special ‘Account Guard” as part of their toolbar, which lets you check that you’re not giving your password to a dodgy fake site. You can read more about this precautionary service here: http://pages.ebay.com/toolbar/accountguard_1.html. It Seems Too Good to be True. How Does eBay Make Money? For you, the buyer, eBay is free. Sellers, though, pay all sorts of fees: a listing fee for each item they list, a final value fee (a percentage of what the item sold for). They can they pay optional fees for extra services, including Buy it Now, extra pictures, reserve prices, highlighting the auction, putting it in bold, listing it first in search results or even putting it on the front page. You can see a full list of fees at http://pages.ebay.com/help/sell/fees.html. It’s obviously worth it to the sellers, though, or they wouldn’t carry on using eBay. The system is quite efficient, and basically forces both eBay and the sellers to keep their profit margins as 3 low as possible--otherwise prices will simply go too high and the buyers will stop buying. How Safe is eBay? All of eBay’s safety services for buyers and sellers are in one place, called “SafeHarbor.” SafeHarbor handles fraud prevention and investigation, helps with dispute resolution and keeps rule-breakers in check. The Advantages and Disadvantages of Buying on eBay In today's fast changing world of e-commerce like E-bay, people find shopping online the most convenient way of purchasing items. The fact that a person doesn't even have to drive to and from the store is exhilarating enough. To date, E-bay is the most celebrated and the most world-renowned online mall today. However, there are advantages as well as disadvantages when buying on E-bay. So, it's important for shoppers out there to take not of these facts before buying items on E-bay. THE PROS 1. It's relatively simple and within reach. Why? Because eBay makes ones shopping spree just a click away. 2. Great access. With E-bay, buying items had never been this varied. 3. It's twice as fun. With colorful graphics, unusual items, and weird but quirky listings, entertainment is just around the corner. 4. A viable online price indicator. Buying on E-bay can give a shopper an insight and update on the present price of certain commodities these days. 5. Money-back possibility. Most often than not, there's a higher chance of getting back the buyer's money if things slipped up. THE CONS 1. "In good condition" not guaranteed. There may be a lot of sellers who use the words "in good condition," but because the buyer cannot visually and personally examine the item before purchasing it, most often than not, the items sold were definitely not scratch free. 2. Additional postal fees. The common delivery method of items bought by the buyer is through mail; additional charges screw up thereby adding hefty charges just for the delivery alone, plus most transactions are on international basis, so international rates applies. 3. Lack of human touch. There are people who still prefer to go to the mall not just because 4 they want to go shopping but also they want to tag their friends along, have coffee breaks, and chat along the way. Buying on e-bay may provide an interactive mode of shopping but it's not a form of socialization. 4. Too risky. If the Internet is jungle, then there might be big bad wolves lurking on E-bay ready to gobble probable victims. These refer to scams, frauds, and identity theft. 5. A form of enslavement. Once hooked, shoppers will never get the hang of it. There were cases wherein people buy things on E-bay almost everyday. After all, with the convenience online shopping and credit cards give, who wouldn't? Just like any financial decisions, it still pays for shoppers to contemplate first on things before jumping into conclusions. Shopping Online Can Be Fun! Buying on eBay can be a lucrative activity. However, if not managed properly, it can do shoppers more harm than good. Nevertheless, it's still the most convenient way of shopping online. So, to make the most out of E-bay when a shopper buys things, here's some way to do it: 1. Buyers should know how to buy safely. Wise buyers should know how to check the seller's reputation by prying on the seller's feedback section. With more feedback, chances are the seller does not do transactions well. 2. It's a must for a buyer to know more about the seller. It's best not to buy on impulse. Buyers should take time first on knowing the seller's identity first. That way, the buyer will be more assured that it's not just a hoax or something. 3. It's a must for every buyer to shop around. It pays to compare prices before a buyer gets into closing the deal. Just like any market, e-bay has a wide array of similar items to choose from and each seller will definitely have different price quotations. 4. A buyer has to look for things that sell as well. This will give him or her insight what kind of things that sell on E-bay. In that way, they will have an idea in case they want to sell something someday 5. Common sense is important. A buyer should know how to detect fraud on an instant. It doesn't need further explanations or 5 theory. It's instinct! 5. Buying on eBay can be a fun activity. Shoppers don't have to get out of the browser instantly once they are through with their transaction. They can still amuse themselves by browsing on the seller's name, comments, and the other items being sold. 6. Discrepancies should be clarified first before logging out. If a buyer has already closed the deal and is willing to purchase the item already, it's best to clarify any discrepancies at once. This is to avoid further misconception regarding the matter or the item bought. 7. It's best for buyers to choose the right mode of payment. Activities involving money can be too risky. That's why it's important for most buyers to choose a reliable mode of payment. They should never go for wire transfers or any payment scheme outside E-bay rules and regulations. Other wise, there'll be no guarantee that the transaction is a safe one. With these suggestions, online shopping will never be the same old risky activity again. Hot tips for eBay Buyers Ebay is the world's greatest e-commerce site. With over 147 million registered users from all over the world, it's definitely here to stay. Whether you're a newbie Ebay buyer or already an aficionado, you could always make use of the following tips on buying on Ebay. Know exactly what you're looking for. There's no other better way to waste your time browsing on eBay than not knowing what you're actually looking for. If you're not only looking for a single item, it will be helpful to jot down a list of your "searchable" items. Browse like a pro. In EBay, items are sorted and placed in almost 26,000 categories. If you would like to hasten the searching process, it will help if you look for the same keyword in the titles and captions of the item listings found. Just tick the small box right under the search box on the results page of your first search then hit the search button again. Make use of your options. To narrow down the category you're searching in, click on the option box above the results, which is found on the right part of the screen. Then, you can choose whether you would like 6 your results to be focused on "lowest price", "highest price", "newly listed" or "ending first". Inspect on the item. Checking on the authenticity of an item, especially if it's an antique or a memorabilia is a must. Do your homework by researching more, confirming its condition and not just relying on its photograph. Comparing it with similar items will also improve your chances of purchasing an item that's worth your dough. Know your seller. Your seller might be continents away from you. It would be a wise move on your part to check on your seller's credibility. Seeing his feedback rating is one way to accomplish this. It's a number that's followed by a star. Reading the item's description carefully may also help in ensuring that you won't get ripped off. The return policies, mode of payment, and postage costs must be noted well. Also, the "ask seller a question" option is not placed there just for any reason. Make the most out of it. Be the Best Bidder. If an item you value a lot is auctioned and you want to jump in, go stick to your maximum bid. Bidding higher without really analyzing the item's worth commonly happens. Better consider that since you're the one buying, you call the shots on where your money will go. Sniping services can also help in this endeavor. 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? 7 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 $100 for something and only have to pay $50, 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. eBay Auction Buyer’s Tips and Tricks eBay isn’t just an auction and a marketplace: often it can feel quite a lot like a game. Like any game, you can get ahead if you think strategically, using your head to outwit the other buyers and get the best price. Here are a few things you can try. Shop in the Summer. This is simple, but effective. Summer is the quiet season on eBay--almost everything sells for less. While everyone else is out enjoying the sun, invest a little time to find some real bargains. Beat Them by a Few Cents. 8 Outbid people by a few cents instead of a few dollars--if they don’t check back before the auction ends, then you will be the winner. To avoid people using this tactic on you, though, always bid strange, hard-to-guess amounts instead of round numbers. Play Dirty. If you know when the auction ends, you can get in there at the very last second and outbid your rivals. The chances are that they won’t have the time to sit in front of the auction waiting for it to end--as a rule, he who stays wins. If someone else does retaliate at the end of the auction, though, try not to get carried away in those last few seconds and end up paying too much! Take Risks. This is a strategy for the braver eBay buyer. All of the advice you will see for eBay beginners tells you to buy items that have good pictures, clear descriptions, trustworthy sellers and all the rest. If you’re brave, why not take a risk and do the exact opposite? Many buyers won’t want that item from the seller with a feedback rating of 5, no picture and a one-line description. If you take a calculated risk and bid anyway, you might be able to make a tiny bid and win by default. There are people on eBay who make their living from winning auctions like these, taking good pictures of the item, writing a good description and then reselling it at a huge profit. Be careful, though: do this for long enough, and you will inevitably lose your money at some point. It’s especially unwise to try it with very high-value items. Avoid Bidding Wars. There are few things on eBay that are so rare that you’ll only see them once and never again. There are usually quite a few sellers who have an item. What’s more, they will generally have more than one to sell, even if they haven’t listed them all at once. Always check your seller’s history to see whether they sell your item all the time--and if they do, then wait for the next one instead of bidding to the skies. What Makes eBay Stand Out for Buyers? E-Bay is certainly a hit to the market especially for the buyers. The concept of online shopping or bidding, for that matter, do not appeal too much for buyers but the emergence of E-Bay made a difference to that. Both buyers and sellers are flocking in the site in order to conduct their business there. What is the real reason why E-Bay became a hit for buyers? Well, one of the reasons for the success is the concept that E-Bay had. Auctioning is a good way to bargain the products but at the same time still have a profitable business. The concept also of people from all over the world makes it more fun. Most buyers are also looking for a sweet deal in the Internet because they originally have the original price in their hands. A good yet quality bargain for customers is important because they are looking for their 9 money’s worth. Aside from that, E-Bay serves as an online mall or “Internet shopping haven” for buyers that do not want to be bothered when it comes to hopping from shops to shops. E- Bay offers a variety of choices for their buyers, which make it fun. The choices and alternatives that E-Bay offers attract customers who are always on the look out for something new and fresh. On the other hand, the transactions held in E-Bay are safer and secure if compared to other portals. In E-Bay, they guarantee the safety as well as the quality of products once a buyer has purchased it. When it comes to the design and layout, E-Bay keeps it simple and hassle-free which really is a priority for buyers that are not particularly technology sassy. The simple design that graces the computer screen is one of the reasons why people go to E-Bay and purchase what they want online. As others would say it, simplicity is the key and it is indeed a key to the success of E- Bay. Another factor that makes E-Bay click is the communication ability of the site. Both buyers and sellers have the chance to communicate openly with each other. Both parties could exchange views and opinions, which could help both parties as well as E-Bay. E-Bay is viewed by buyers as a refreshing change against the tight grip of big companies towards buyers. In E-Bay there is freedom and choice in every transaction made. Your Rights as an eBay Buyer. When you buy things on eBay, you pay the seller before they send you anything. This means that you, as a buyer, are vulnerable to all sorts of problems. You might not get the items you have paid for, or they might be damaged or faulty. Luckily, you have two very important rights when you buy on eBay. The Right to Receive Your Item. Maybe the seller never sent the item, or maybe it got lost in the post. Whatever happened, you paid for the item. If it doesn’t arrive in the post as described, you have the right to a replacement or a refund, whether it’s the seller’s fault or not. The fact that you bought something on eBay doesn’t mean that you don’t have the exact same rights that you would have if you bought it in a shop (these rights are pretty much the same all over the world). Plus, under eBay’s rules, the seller isn’t allowed to change their mind about selling you the item: once the auction ends, it becomes a contract--you must buy and they must sell, or face eBay’s penalties. The Right for Your Item to Be as Described in the Auction. Sometimes sellers don’t wrap items properly, and so they get broken. Occasionally they write descriptions that are misleading or just plain wrong to begin with, leaving out vital details that would have caused you to change your mind about buying. If this happens to you, you again have the right to a replacement or a refund. 10 So How Do I Use My Rights? First, you should take it up with the seller--most will be responsive, as do not want to have their reputation damaged when an upset buyer leaves negative feedback for all their future buyers to see. If that doesn’t work, report them to eBay. While eBay don’t have many people handling complaints, they do have a relatively effective set of automatic process to handle common problems buyers and sellers have with one another. Finally, if that doesn’t work, then you should seek advice from consumer groups in your country, and as a last resort from the police. You should never have to get this far, though: problems on eBay that can’t be resolved easily are extremely rare. Don’t Be Too Quick. Remember not to get too annoyed and be unfair to the seller: nice sellers have agreed to give me refunds for undelivered items, only for me to find out a few weeks later that they were being held for me at the post office! Always try your best to communicate and think of everything that might have gone wrong: eBay works best when buyers and sellers sort out their problems together, instead of reporting each other to the authorities straight away. More often that not receiving what they paid for, buyers have an altogether different problem: they knew what they were paying for, but didn’t realize that what they were paying for was overpriced, low quality or a scam. The next email will give you a list of tips on how to avoid being ripped off on eBay. Understanding eBay Buying Tools eBay offers quite a few simple tools to help make your buying easier, so you don’t lose track of what you’re doing. Most of them are on the “My eBay” screen--if you’re logged in, you can go there just by clicking “My eBay” on the toolbar at the top of any eBay page. My Summary. Your summary screen shows what you’re currently buying or selling, as well as any announcements eBay want to make that day. It is set up as a list of reminders, so it will tell you if there are items you need to pay for or if you have been outbid—it’s like your eBay “to do” list. You can make this screen show what you want it to by clicking “Customize Summary” in the top-right corner. To go to any of the other buying tools pages from here, use the menu on the left of the screen, under “All Buying.” Watching: This is your watchlist--the auctions you have decided are worth keeping an eye on but don’t want to bid on yet. To add an auction to this page, click “Watch this item” in the top- right corner of its description page. To delete an item, just put a tick in its box on the Watching page and then click the Delete button. 11 Bidding: This is a list of all the items you’re currently bidding on. Items that you’re currently the winning bidder on are highlighted in green, while items that you’ve been outbid on are shown in red, with an option to bid again. Best Offers: You can see here all of the best offers you’ve made on Buy it Now items, and whether or not the seller accepted them. Won and Didn’t Win: This is where the items from the Bidding page go when the auction is over. If you won the item, then you will be able to choose an action depending on how far along you are in the buying process. From here, you can pay, tell the seller you’ve sent payment, or leave feedback once you’ve got the item. You should keep going through these steps until you’ve done them all. There are small blue icons to show you which of these steps you have completed so far, and whether the seller has left any feedback for you. Don’t worry if you don’t often get the chance to check back at My eBay. If anything important happens, eBay will email you, and the email should contain a button or link to let you do whatever you need to do. If you want real control all the time, though, then the tools available on the My eBay page can work well for you. By now, you’ve probably dipped your toe in the water and got quite used to buying on eBay-- but is it worth it for you? In the next email, we’ll take a look at the advantages and disadvantages of buying on eBay. Taking Advantage of “Slow” eBay Auctions Some auctions get hundreds of bids, but some go much more slowly, getting only a few bids or even none at all for days. Auctions are generally much slower during the summer months than they are in the winter--and sales on eBay are slowing each year, as more sellers than buyers sign up, hoping to get rich quick. There are a number of ways that you can take advantage of slower auctions to get the best price. Wait to Bid. If you bid, then everyone can see you’re interested--and that might make them interested too. Leaving the item alone for as long as you can bear will make it look less popular, and keep the price down so you can come in at the last minute and get a bargain. Make an Offer. If the seller is selling an item using “Buy it Now” and it still hasn’t sold when the auction is about to end, use eBay’s “Best Offer” service to make them an offer on it. The chances are they’ve listed the item two or three times before, and they’ll be so annoyed at the prospect of re-listing it yet again that they’ll accept your offer just to get rid of the thing. Conspire with Other Buyers. 12 You might not have thought of this, but if there are two auctions for the same item and only you and one other buyer are bidding, why not get together and work out a “you take this one and I’ll take that one” deal? This avoids you raising the price on both auctions just to get one each. If you make a few friends, you can even work together on auctions long-term, taking it in turns to bid. Be Snobbish. Send the seller emails asking questions about the condition of the item, and making it very clear that you are a discerning buyer and will only accept things of the highest quality. This will make them feel better about selling you their item for less. Don’t Feel Guilty. There really are too many sellers on eBay now, to the point where you can get common items at very low prices. Long-term, this will probably force those sellers out of business, but that’s the way a market works—it’s supply and demand. Buy in Bulk. When auctions are slow, many sellers will have had the same stock for a long time. If you offer to take ten things off their hands all at once then you can almost name your price--the chances are that they’ll fall over themselves to give you a good deal. If you come back again and buy another ten items then they’ll love you even more. The longer you spend on eBay, the more experienced you’ll become, and the greater the chances are that you’ll stumble across an auction for something very odd, and quite unexpected. How to Check an eBay Seller’s Reputation (and Why You Should Do It) When you buy something from an eBay seller, you are giving them your money and hoping that you will get something in return. However many guarantees of safety eBay might make to you, nothing is certain: if you just give your money to scammers all the time without doing any checks then the chances are you won’t get all of that money back. That’s why you should always check the seller’s reputation, or “feedback rating,” This is a quick and easy-to-read summary of their history as an eBay seller, which gives you some idea of whether or not you should trust them with your money. Buying anything is a calculated risk: you want to minimize that risk. How to Check Feedback Ratings. On each item’s description page, there is a box in the top-right hand corner about the seller, with the title “Seller information.” This contains the seller’s name, their feedback score, and their positive feedback percentage, as well as any stars they have earned. 13 Different colored stars are given to eBay sellers depending on their rating, in this sequence: yellow, blue, turquoise, purple, red, green, shooting yellow, shooting turquoise, shooting purple, shooting red. Anyone with a “shooting” star is an experienced eBay member who you should be able to trust. If you click on the seller’s name, you can get to a more detailed view of their reputation--their “member profile” page. This page shows the total number of people who gave them a positive or negative rating, as well as a breakdown by time. You can also see a complete history of all the comments that have ever been left about them, with the most recent first. What to Look For. You might assume that anyone with a very high number can be trusted, but that isn’t always true. It is more important to look at their positive feedback percentage, and you should really consider anything below 99% to be a red flag and investigate further. Take a look through the first visible page with the most recent transactions: are there any negative comments? What do they say? Take others’ experiences into account, as they could happen to you if you deal with this person. Be careful not to punish sellers unfairly, however, if they did bad things in their past on eBay but have improved since. You should look at the breakdown by time and ignore any negative feedback that was left a long time ago. Equally, though, you should sit up and pay attention if a seller seems to have been left an out-of- character amount of bad feedback in the last month or so. Now that you know who to trust, it is worth learning a little more about how the different kinds of auctions work, so that you don’t accidentally slip up and make yourself and your feedback page look bad. Our next email will be about the different kinds of auctions you can expect to encounter during your time on eBay. Introducing the New eBay “Buyer’s Credit” Program In an effort to compete with more “traditional” shops, eBay has started to offer finance agreements though PayPal for expensive items. This means that, if the seller decides to offer it, you can now spread the cost of an item into affordable monthly payments. This is good for buyers, good for sellers, and good for eBay. Buyers can get the kind of credit agreements they’re used to in shops. Sellers can make their items more attractive to buyers who might not have all the money then and there, but eBay still pays the sellers upfront ñ they don’t have to wait to be paid each month or anything like that. Buyers make their monthly payments to PayPal’s credit provider instead. The APR of the Buyer’s Credit program is currently 12.9%. You can pay back $999 or more over 12 months, or $1,999 or more over 24 months. There are also interest-free options for purchases of $199 or more over 3, 6 or 12 months. 14 The reason why some of these credit offers sound better than others is that it is up to the seller to decide how good the credit offer should be and pay extra to PayPal to offer it. To give their buyer the best promotion, for example, of no interest for twelve months, the seller must pay 3.75% of the item’s cost to PayPal. Basically, this means that sellers pay less when the buyers pay interest, and sellers pay the cost of the interest on the interest-free offers. PayPal makes its interest either way, buyers are happy to get credit, and sellers are happy to sell more. Can I Get This Credit? On items over $199, Buyer’s Credit is now being automatically offered to buyers in the USA only. Just click the link when you buy something for more than $199 and you will be taken through the application process, which includes a 30-second check on your credit history. Then you just go through the buying process as normal, and you get your item before you’ve paid a penny. Why are eBay Offering This? eBay say they want to “level the playing field,” to allow eBay businesses to compete with the big chain stores, and they also want to promote PayPal as a payment method. Relatively few buyers can afford the more expensive items on eBay all at once, and so the introduction of Buyer’s Credit seems likely to significantly increase prices and sales at the higher end of the market. It is worth noting that you can use Buyer’s Credit anywhere PayPal is accepted, not just on eBay. PayPal say it’s “like a credit card--minus the card!” You don’t get a card number ñ you can pay with credit with just your email address and password. The only thing left to do now, then, is find the best deal for that really special item--the expensive thing you’ve been wanting for ages but could never afford. But how can you be sure you’re getting the best price? Try our tips and tricks for eBay searching, in the next email. How to Find Great Deals at eBay Everyone loves a great deal! Many people spend quite a bit of time searching for good deals on the items that they want and need--and when they find those deals, they experience a certain amount of satisfaction. These people typically haunt garage sales, stores that are holding sales, wholesale warehouses, flea markets, and especially online and offline auctions. With the incredible number of auctions that are constantly going on at eBay, it can be difficult to find the items you want, at the price you want to pay. But it isn’t impossible to find great deals! There are steps you can take to ensure that you are getting a great deal on the items you purchase through eBay. In fact, these same steps will also help to protect you against fraud. Participating in online auctions is a great deal of fun, but you must use caution as well. This caution entails doing your research before you place any bids. 15 Start with the auction in question. Make sure that you read every word of the description and the auction details. You can never have too much information--especially if that information is about an individual that you may be doing business with. Pay special attention to what the description and auction details do not say. For instance, is a guarantee mentioned? Is the item new? Is it authentic? Is there proof of authenticity? Look for auctions that provide the right information--and the right amount of information. Avoid those that do not. Who will pay the shipping and handling costs? Often, the buyer pays these costs, and sometimes, the seller tries to charge more than the actual shipping and handling costs are. Beware of high shipping costs, especially for items that will be auctioned off at a very low price. Also note when the item is supposed to ship after the bidding has ended. Depending on what you are trying to purchase the item for, it may not arrive in time. Don’t make the mistake of bidding on an item simply because it is a “good deal.” It is only a good deal for you if the item is something that you really want or need. Many people simply bid for the sake of bidding--or winning--without having any real need or desire for the item in question. Before bidding on items that you do want or need, check prices around the Internet and the prices available from offline sources as well. Just because it is on eBay does not guarantee that it is the cheapest price available! Finally, learn more about the seller. Can you trust them? What is their rating? Read their feedback page! Failure to learn more about the seller can be costly. Not everyone is as honest as you are, and the seller may be trying to take advantage of people that simply don’t know enough to find out more about them. Sometimes scammers make their auctions sound like really great deals. Beware of prices that seem extremely low! How to Avoid Losing to eBay Snipers Sniping occurs when a bid is about to end. Some yahoo rushes in and bids a little higher than the highest bid as the clock runs out of time--winning the bid. Sniping is against the rules at eBay, but it doesn’t slow the snipers down! In most cases, even if you report it, the sniper will get away with it, and you will have lost the item that you wanted to win so badly. Unfortunately, in order to avoid losing the items you want to snipers at eBay, you have to take on the sniper mentality. You also need to snipe in a way that will not violate eBay’s rules. Snipping can be done in one of two ways. The first way is the safest, but not necessarily the easiest. Simply keep up with the item you are bidding on. Make a note of the date and time that the auction will end, and make sure that you are in front of your computer and logged into the auction well before that specific time. The objective is to either bid higher than the highest bid during the last few seconds, which is what snipers do - or to simply make sure that you are not outbid by a sniper. Remember that sniping is against the rules, so you should log in about thirty or forty-five minutes before the bidding ends, and get your bid up until it is the highest bid. At that point, all you need to do is to keep an eye out to make sure that nobody else raises the bid. If you’ve 16 been logged in for a while, this cannot be considered sniping. Using this method, you must be aware of automatic bidders. It is very hard to bid against people who use bidding software. That software has been designed for the purpose of snipping, and your chances of outbidding the software manually are very slim--which leads us to the second method of snipping--Snipping services. Snipping services are very easy to find online, and they are relatively inexpensive. You can also purchase your own snipping software. If you want to become a sniper, purchasing your own software is usually the best way to go if you bid on a lot of items. You just set up the software, tell it which auction to watch and what the highest price you are willing to bid is, and let it do the work - just remember that it is against the rules, and while eBay seldom enforces this rule, you will be running the risk of getting banned from eBay. Sniping is bad if someone does it to you, but if you use it yourself to win bids, it can be a wonderful thing. On the other hand, it may not be very ethical. Outbidding someone is one thing, sniping is something altogether different! Clueless What To Buy On eBay? Being clueless on what items to buy on E-bay is a phase. In fact, it's the very first step to online shopping. With every new day, online shoppers conquer more E-bay buying techniques, and slowly lift off the novice's launch pad. From then on, online shoppers realize there's more they can buy on E-bay than meets the eye. Generally, E-bay is comprised of almost all the things a buyer would want and need under the sun. In fact, it seems that E-bay's selling almost everything. Because of its diversity in items being sold, E-bay categorized each item for easier search. Though, each listing varies from one country to another. Generally, online shoppers may choose to buy things under the category of antiques. These may include old-fashioned decors; house wares; vintage cars, clothing, and accessories; historic collector's item; and old postcards. Buyers may also deliberate on buying items classified under the automotive category. These may range from cars to accessories to almost insignificant extras like car stickers, car perfumes, and collectibles. Those who are looking for computer gadgets, electronic bolts, or printers may look at the Electronics and Computers category of E-bay. E-bay listings also have the basic necessities like clothes, shoes, and accessories. It also includes different kinds of jewelries like trinkets, charms, necklaces, bracelets, earrings, rings, 17 watches, and ornaments. Those who are looking for stamps and other collectables like postcards, old papers, even different kinds of minerals, rocks, and fossils will find E-bay a very lucrative place to do online shopping. E-bay also caters to people who are into sports. Buyers can find different sorts of sports gadgets, sports get-ups, and tools. Those who are hobbyists may also find practical tools for their respective hobbies like gardening tools, cross-stitching paraphernalia, cooking and baking utensils, or scrapbooks. Best of all, E-bay offers a great line of entertainment appliances and high-tech gadgets like mobile phones, mp3 players, pc tablets, PDAs, memory cards, flash cards, video cameras, digital cameras, audio recorders, sensors, and camcorders. Aside from these common items that reflect fads and fashions in today's contemporary society, e-bay has also that special section that consists of "everything else." These are the things that do not fall under the basic categories. These are ephemera, costumes, children's themed gift sets, party packages, mobile sim card, and mobile load, even a Google account. With these things, buyers can be assured of a wide array of things and gadgets that would serve them best provided that it does not fall under E-bay's prohibited list. The eBay Blacklist eBay can be most likened to an online flea market. But, as with most flea markets, there is always the possibility that questionable hawkers lurk around the corners. Therefore, there must be rules in place to insure that the auctions and transactions formed through eBay are legal. Only then can a market--online or not--flourish. Certain types of items are prohibited or regulated on eBay. eBay reserves the right to terminate auctions that violate its specifications for allowed items on listing. In the case of such, eBay emails the bidder and the seller to notify them of the violation and to explain the need to terminate the auction. EBay’s policies describe items that may not be posted for auction. They fall under three categories: Prohibited Questionable, and Potentially Infringing. Prohibited This describes items that are not permitted on eBay. This list includes alcohol, tobacco, drugs, animals, human parts or remains, government properties, lottery tickets, and others. eBay contains a complete list of such in their policy statement. Questionable 18 Items listed as questionable can be posted provided they follow certain conditions. For example, some adult material may be listed for auctioning only if they are posted in the Mature Audiences section of eBay. Event tickets may be sold provided that the auction closes before the actual event itself. The list also includes batteries, artifacts, food, used items, event tickets, weapons and knives, police related equipment, Freon, hazardous chemicals, offensive material, mature audiences material, international selling, and international buying among others. Potentially Infringing Items listed under this heading may be legal. However, they almost always violate copyright, trademark, and other rights. Some examples of such are: academic software, beta software, bootleg recordings, contracts and tickets, downloadable media, movie prints, OEM software, Replica and counterfeit items, and unauthorized copies. This list is updated periodically and is incorporated into the User Agreement of eBay. These guidelines do not represent legal advice. It would do well to check with law enforcement agencies, a lawyer, or other legal outlets to verify the legality of a questionable item to be posted. This policy applies even if you offer to give your item away for free. As long as it is posted on eBay, it is subject to the abovementioned policy. As a final note, it is stressed that the buyer is subject to liability if he or she purchases an illegal item. It is still the responsibility of the buyers and sellers to monitor the legality of their transactions since eBay is merely a facilitator in the market process. Doing Your Holiday Shopping on eBay Most people do far more shopping in the holiday season than they do for the rest of the year-- and now you know how to use eBay, why not do it there? If you know what kind of thing your friends and family like then eBay’s categories are ideal places to get ideas. Plus, you won’t have to fight your way through the holiday rush when you’re getting everything posted to you at home! Buying Presents for People. Here’s how I do it: think of the last thing the person you’re buying a present for bought for themselves. Type it into eBay’s search engine. Now take a look at which category it’s in, and click the link to look at everything in the category. Straight away, you have a huge list of things that they’re probably be happy to receive--and if you know them well, you should have no trouble picking through to find something really special. Look at Their eBay Histories. If the people you’re buying presents for use eBay, and you know their eBay usernames, then you can take a look at what they’ve been buying to see what they might want. To look at a 19 user’s history, just click “Advanced Search” on the main page, then Find a Member on the left- hand menu. Type in their username and you should reach their user page, complete with all the item numbers of things they have bought. Just paste any item number into the eBay search box to see what the item was. That should give you a few ideas! Shop in Advance. It’s a bad idea to use eBay for your holiday shopping at the very last minute--prices will be high, and items might not turn up in time. Every year there’s a present that children want so much that all the shops sell out, and it starts appearing on eBay at a premium. Parents then pay hundreds of dollars and still don’t get one in time for the big day. Don’t fall into this trap. Remember You’re in Silly Season. The holiday season is peak time at eBay--loads of people are there, and they’re often inexperienced, bidding things up far higher than they should. Try not to end up paying far too much for an item just because it’s the last one that would turn up in time, or because everyone else is bidding too high. You should always know when to cut your losses, stop bidding and just go get something from the shop instead. Have Fun! Don’t take eBay too seriously ñ treat it like a game, and don’t be too disappointed if you lose. It can sometimes feel like gambling, but when you get that really rare and special thing in the post, it’s all worth it. That’s it for our series of emails about buying on eBay: I hope you learned something, and good luck in your eBay future. By now, though, you might have started to think it would be interesting to try selling a few things on eBay yourself. Well, you’re not alone. Go ahead and sign up now for our emails about selling things on eBay. See you there! How to Become an eBay “Sniper” If you bid for a few things on eBay, the chances are that sooner or later you’ll end up getting your bid beaten at the very last second by a “sniper” This can be a frustrating experience, and while in theory sniping is against the rules and you can report it to eBay, in practice they never do anything about it. The bad news is that there’s only one way to beat the sniper--and that’s to become the sniper. The good news, though, is that once you understand sniping you can use it to win auctions at a far lower price than you would otherwise. Manual Sniping. Manual sniping isn’t that hard, if you have a lot of time to spare and a reasonably fast Internet connection. Write down when each auction that are bidding on ends, and then make sure that 20 you’re sitting there in front of the page for that vital last minute. You can then outbid the current winning bidder, or defend your own winning bid. The only tip you really need to remember for manual sniping is to make sure that you set your maximum bid quite high--otherwise you might be automatically outbid, and the auction will have ended before you can bid again. Also, it’s not worth your time to compete against someone who is using an automated sniping service--if it’s any good, then they will always manage to outbid you. In the sniping arms race, you need to find a sniper of your own. Automatic Sniping. If you type “ebay sniping” into your favorite search engine, you’ll come up with plenty of online services that will snipe on your behalf for a small fee. They usually let you have a free trial, so give it a go. If you don’t want to pay each time for an online service, then you might be better off getting a piece of software like SnipeIt (www.isnipeit.com) or SnipeRight (www.sniperight.com). You can pay for these once and use them for as long as you want. Once you’ve installed the software on your computer, you tell it which auctions you want sniped and the maximum amount you’re willing to pay. The software will then place the bid with only a few seconds left. The only disadvantage is that you need to be able to leave your computer on nearly all the time, or you might miss the end of some auctions. A Sniping Alternative. If this all sounds a bit too much like playing dirty for you, then is another, more low-tech way to get around sniping. You can just email the seller and say that you were sniped at the last minute but would really like the item. If they have another to sell, the chances are they’ll agree to sell it to you for the price the auction closed at. Of course, there’s more to eBay than just bidding--the site offers a whole set of tools to help you manage your auctions. In the next email, we’ll take a look at these tools. Tips for Buying Collectibles on eBay Buying collectibles is one of the most enjoyable things to do on eBay, simply because you can find so many things that you just can’t get anywhere else. Here are a few tips to help you on your way. Find your Category. You’ll probably find that all the items you’re after are listed in a single category. Add this category to your browser’s Favorites, and keep coming back. 21 Look for Mistakes. If you collect something, the chances are you know a lot about it. This can be your opportunity to make a mint from a seller’s mistake. They might not realize that they have a rare version of an item, or they might have left off the key information that makes it valuable. If you’re willing to email the seller and ask them a few questions about the item to confirm that it is what you think it is, then you should be able to buy items like these. You can then resell them at a big profit, if that’s what you want to do. Don’t Always Believe Descriptions. If you find something you haven’t heard of, and the description calls it “rare,” don’t assume that it actually is. Far too many sellers just put “rare” into all of their descriptions--the chances are that the item is common and has just been described wrongly. Don’t bid unless you know what you’re buying. Stalk Other Users. When you collect something, you’ll probably notice that there are four or five sellers who seem to come up with consistently good items--and the same buyers buying them. Add their user pages to your Favorites, and check back often to see what they’ve got--or what they’re bidding on ñ that you might be interested in. Don’t Get Too Attached to an Auction. There are millions of items being listed every day on eBay--whatever you want, it’ll come around again, and if you don’t get it there are plenty more things to buy. This is similar to the golden rule of negotiating: always be prepared to walk away. If you can’t walk away, then expect to pay over the odds. There are few things so rare that another seller won’t have one to sell. Go and bid in a lower-priced auction, instead of getting into a bidding war in one that is already expensive. Beware of the Postage. If you collect lots of small things with a relatively low value, you might end up paying as much for postage as you do for each item. You should take these costs into consideration when you make your bid. Another good strategy is to always buy a few things at once from the same buyer, as they will almost always offer you a discount on the postage. When you’re bidding, you might notice that some auctions go more slowly than others, going days at a time without any new bids. The next email tells you how to take advantage of these “slow” auctions. 22 You are invited to pass this report along to as many people as you like, provided that you make no changes to it and that you give it away for FREE. If you would like your own Private Label Version of this report and hundreds of others just like it on hot, high interest niche topics – all of which come complete with 5 custom cover graphics – click here to visit our Niche Reports Resource. WOW: Where Vision and Value Go Hand in Hand with Information & Opportunity! Please click below to check out all of our entrepreneurial friendly sites and products. => http://www.The-WOW-Experience.com Always something NEW on the horizon. Always something for YOU to use to grow your business! That's what WOW is all about. Your success is our ultimate goal and our reason for growth.
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