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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.
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 - 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.
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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.
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 - its 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. In the next
email, you'll hear all about the strangest eBay items ever sold.
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