Ebay is one of the world's largest online marketplaces for buying and selling advertisements. It receives millions of visits from all over the world on a daily basis. One of the most important features of Ebay is the possibility of auction our products. This is a point that the buyer can take advantage of as sometimes the prices obtained through auctions are well below the value in the shops.
When faced with an auction the most important thing is to have a good strategy. One thing we must be clear about is that we will never win a good auction by bidding in bulk without any sense. It is important to say that the success of all strategies varies depending on the situation in which we find ourselves (the way our competitors are, their interest in the product, etc.). There are two main strategies:
– Bid directly for the maximum price we would give. This strategy is based on the fact that our competitors are continuously outbid and end up giving up. For example, if we bid 100 euros directly for an object we are interested in, our competitors will bid more and more, and if they are continuously outbid, they will withdraw.
– Place small bids to observe the reaction of our competitors.. With small bids we can study the interest that other people have for the product and if it is convenient for us to fight for the bid. For example, if we find ourselves in a situation where there are two bids that are exactly the same, with this system we can study which one we are more interested in.
In addition to the strategies that we follow, success also depends on the time at which we place bids. Normally if we bid a large amount of money that the rest can not reach the time will not be so important, however, if we want to take the auction for a price close to what the rest think the perfect time to do it will be the last seconds of the auction. In order to bid at the last moment, there are services called Sniper that carry out the action in seconds.
To conclude, I would like to reiterate that, although auctions have a large part that depends on the strategy we follow, they also depend a lot on luck so we should never assume that we have won the auction until it is over. Remember that you can consult all your doubts through our forum.