Pranav,
The thing with ebay is that you're always trying to get a good deal -- but sometimes you need to think what the maximum youre willing to pay for an item is. The ABSOLUTE maximum.
For eg. you say $65
What if another guy is about to max out at $67? Wouldn't you do $68?....probably.
Eventually though you will say "jeez. if he bids $90, im not gonna bid $91...thats just too much"
So you find your limit.
Now, i don't really see the advantage of having a sniper software unless there is some sort of manual-bid battle going on (which was the oldschool days - or am i missing something?) since ebay itself allows you an automatic/proxy bid system.
The only advantage a last minute bid has is if the person challenging your bids hasn't quite pushed his budget to the extreme point he is willing to go.
I've won a ton of stuff on ebay, for decent prices - mostly good deals, not mindblowing. Though occasionally you get that amazing deal (Like the brand new Sony SS-MB250H speakers for $0.01 & $25 shipping i got).
I guess what i am saying is :
1) Decide the absolute max you're willing to pay.
2) If it is a very popular / highly searched for item, push the price 80%-90% of what you're willing to do ASAP. (Ie as soon as the auction starts) - why? Because this will prevent all the ebay newbies from seeing an iphone for $10 and thinking WOW THAT COULD BE MINE! and then adding it to their watched list. Push the price to $200 right away, and keep a good deal of those "amazing deal hunters" away. (Why do you think sellers start @ .99c - to get more people to notice a great deal and "add to watched list" - therefore more people actually taking part in the bidding, and lower supply than demand = pretty decent selling price in the end for the seller)
3) Wait till about 10-20seconds or less left, and then put in the MAXIMUM you're willing to bid into the ebay auto-bid system. It will only bid the amount that is equal to = current highest bid + minimum bid increment. So if the current highest bid is $50 and you bid $90, it will only bid $51 (assuming a $1 bid increment).
4) Now just sit back and hope for the best in the next 5-10seconds. If someone else had put in a $85 bid, your auto-bids will battle it out and you will come out on top at $86.
5) If someone else put in $100 as an autobid....too bad, you weren't willing to pay more than $90 anyway!
Other tips :
1) Look at the sellers items, for example, when i bought those $0.01 speakers, i had been tracking the guys auctions for 2 weeks. He listed a pair almost every other day. Finally i got lucky on a set that noone else bid for. (I probably put in a $20 max auto-bid in the last 20secs but noone challenged my lowest $0.01 auto-bid).
2) Search for mis-spelled versions of what youre looking for, or alternate words. (eg torch / flashlight etc)
3) Only buy from 97% and up sellers. Or if its a 10-15 item seller with a lower rating you can do some snooping of past auctions and see if his negative rating was his fault or a known bad buyer etc.
Goodluck,
R
Last edited by Rehaan : 28th July 2009 at 18:25.
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