By Michael R. Miller

ISBN-10: 0789734311

ISBN-13: 9780789734310

This publication provides first-class element. the guidelines and notes proven at the facet of the pages are very priceless

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Additional info for Absolute Beginner's Guide to eBay

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If, through the course of the auction, the reserve price is not met, the auction ends with the item unsold. 58 Part II: EBAY FOR BIDDERS Part II: EBAY FOR BIDDERS 59 Reserve Price Auctions, by Example Let's look at a brief example of a reserve price auction. Suppose a seller has a leather jacket to sell that she feels is worth $50but she wants to set a lower initial bid, to get the bidding going early. So the seller sets $25 as the initial bid, and $50 as the reserve price. The first bidder on this item sees the $25 initial bid (the reserve price isn't displayed, of course) and bids $25.

And by bidding your maximum right away, you guarantee that you won't get carried away and pay too much at the end of a heated competition. Remember, if you lose an auction because the bidding goes higher than your maximum, you didn't want to pay that much for the merchandise anyway. Get comfortable with thatand be glad the proxy software helped you stay within your limits. Of course, some bidders don't like proxy bidding. It is true that if two or more people are bidding for the same item, the bids can automatically (and quickly) rocket up until they max out.

9. At this point, you can place a new maximum bid for the item, or you can throw in the towel and let the new bidder have the item. Proxy Bidding Advice The nice thing about proxy bidding is that you can engage in a fierce bidding warand never get your hands dirty! The proxy software does all the dirty work for you, and just notifies you of the results. When you're placing your bid, realize that just because you set a maximum bid price doesn't mean you'll have to actually pay that price. The proxy software works in your favor to keep your final price as low as possible; don't assume that just because you specified a price, the bidding will always rise to that level.

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Absolute Beginner's Guide to eBay by Michael R. Miller


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