EbayBuying

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This site uses news feeds from around the World and the Internet to give you up to date news on all that is happening on EBay.

Oak Value manager favors Coach, Tiffany, eBay (Market Watch)
20 Jul 2008 at 2:48pm
The bloodshed in the retail sector has translated to some seeds of opportunities for Larry Coats, co-manager of Oak Value Fund.

eBay Canada Looking for Entrepreneur of the Year (AuctionBytes)
20 Jul 2008 at 7:10am
eBay Canada has opened nominations for its Entrepreneur of the Year awards that recognize ambitious and hardworking members who run a successful small business on eBay. eBay Canada’s Entrepreneur o…

Entertaining tips from an expert eBay shopper (Denver Post)
19 Jul 2008 at 1:54am
EBay is known as that vast online flea market where consumers can find everything from drink coasters to one man’s entire life including house, car and job.

Deal with Buy.com marks sign of the times at eBay (InternetRetailer.com)
18 Jul 2008 at 3:56pm
Buy.com, with $3 million in sales a month on eBay.com, is a big part of the new face of eBay as the world?s largest e-marketplace strives to boost growth rates with a shot of new products and highe…

Judge says Tiffany, not eBay, should police trademark (USA Today)
18 Jul 2008 at 11:09am
EBay scored an important victory in court Monday, as a federal judge said companies such as jeweler Tiffany & Co. are responsible for policing their trademarks online, not auction platforms like eBay.

eBay Announces Marketplaces Executive Changes (AuctionBytes)
18 Jul 2008 at 5:40am
eBay announced executive changes to its global Marketplaces business. Effective in October, Rajiv Dutta, President, eBay Marketplaces, will retire from the company. With eBay for 10 years, Dutta se…

eBay Reports $15.68 Billion in Second Quarter ‘08 GMV (AuctionBytes)
18 Jul 2008 at 5:40am
eBay reported financial results for its second quarter ended June 30, 2008, posting second quarter revenue of $2.20 billion, up $361 million from the same period last year. Net income on a GAAP bas…

The real McFly - genuine Back to the Future 2 Nike Mag on eBay (Tech Digest v…
18 Jul 2008 at 5:22am
Has anyone got $5,000 I can borrow? I’ll pay you back, I promise, but it might take while - not because it’ll be hard getting the money but because I’ll be playing with my genuine Back to the Futur…

Potter illustration sets record
18 Jul 2008 at 4:26am
An original watercolour by Beatrix Potter sets a new record for book illustrations sold at auction.

EBay shares fall to 2-year low (AP via Yahoo! Finance)
17 Jul 2008 at 6:28pm
Shares of eBay Inc. fell to their lowest point in nearly two years Thursday after the online auction company’s second-quarter profit growth was eclipsed by a softer forecast than analysts had expec…

Ebay shares fall 13 pct after weak outlook, downgrades (Reuters via Yahoo! News)
17 Jul 2008 at 8:50am
EBay Inc’s shares fell more than 13 percent on Thursday after its cautious near-term outlook led to downgrades by several Wall Street analysts.

Auction Sleuth incorporates eBay snipe tools, Yahoo snipe tools, Overstock.com snipe tools and auction search tools for the major auction sites eBay, eBay Motors, Yahoo and Overstock.com auctions

Bidding is the act of making an offer for an item that is up for auction. Bidding on eBay however is slightly different, and does not work in exactly the same way as normal auctions, at least in theory. Bidding on eBay is meant to be fun, but remember that all bids on eBay are binding, except in the sales of real estate or businesses and the sales of items that are prohibited by law or by eBay’s user agreement.

On eBay, you enter the maximum amount for the item you are willing to pay, and then eBay’s bidding system bids for the items on your behalf. Meaning supposing you are willing to pay $100.00 for an item, you can end up paying only $30.00 for the item, if that was the highest maximum bid anyone else placed.

Bidding on eBay can be very addictive, so its a good idea to have a pre - determined amount you are willing to spend for an item and not exceed it regardless of loosing out on the auction. A good strategy here is to use eBay’s proxy bidding system to automatically bid on your behalf. This means you don’t have to keep coming back to re-bid every time someone places a higher bid.

An Example of how eBay’s Proxy Bidding Process Works

* Search for an item you want to bid on.

* You determine how much you are willing to pay for it, in this example $30.00.

* The current minimum bid on the item is $18.00.

* Enter your maximum bid of $30.00.

* If there are no other bids on the item, eBay’s proxy server will bid for the item at the minimum of $18.00.

* If someone bids $22.00 for the item, eBay’s proxy server will automatically increase your bid to $23.00, which is what it is currently bidding for plus the minimum increment.

* EBay then emails the other bidder to inform them that they have been outbid.

* If there is another bidder with a higher maximum, you will obviously be outbid. But if no other bidder has a higher maximum, you win the auction, and the item is yours and this saves you the time and effort of having to sit around to bid again anytime you are outbid.

And because the proxy bidding system bids using your pre - determined maximum amount, there is no tendency for you to overbid, which significantly saves you some money. Of course you will not always win if someone bids a higher maximum value, but then it will not make you over spend, and because it’s eBay you can always come back again and bid on a similar item from a different seller.

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