idding is the act of item and not exceed it regardless
making an offer for an item of loosing out on the auction. A
that is up for auction. good strategy here is to use
Bidding on eBay however is eBay's proxy bidding system to
slightly different, and does not automatically bid on your behalf.
work in exactly the same way as This means you don't have to keep
normal auctions, at least in coming back to re-bid every time
theory. Bidding on eBay is meant someone places a higher bid.
to be fun, but remember that all
bids on eBay are binding, except An Example of how eBay's Proxy
in the sales of real estate or Bidding Process Works
businesses and the sales of items
that are prohibited by law or by * Search for an item you want to
eBay's user agreement. bid on.
On eBay, you enter the maximum * You determine how much you are
amount for the item you are willing to pay for it, in this
willing to pay, and then eBay's example $30.00.
bidding system bids for the items
on your behalf. Meaning supposing * The current minimum bid on the
you are willing to pay $100.00 item is $18.00.
for an item, you can end up
paying only $30.00 for the item, * Enter your maximum bid of
if that was the highest maximum $30.00.
bid anyone else placed.
* If there are no other bids on
Bidding on eBay can be very the item, eBay's proxy server
addictive, so its a good idea to will bid for the item at the
have a pre - determined amount minimum of $18.00.
you are willing to spend for an
* If someone bids $22.00 for the anytime you are outbid.
item, eBay's proxy server will
automatically increase your bid And because the proxy bidding
to $23.00, which is what it is system bids using your pre -
currently bidding for plus the determined maximum amount, there
minimum increment. is no tendency for you to
overbid, which significantly
* EBay then emails the other saves you some money. Of course
bidder to inform them that they you will not always win if
have been outbid. someone bids a higher maximum
value, but then it will not make
* If there is another bidder with you over spend, and because it's
a higher maximum, you will eBay you can always come back
obviously be outbid. But if no again and bid on a similar item
other bidder has a higher from a different seller.
maximum, you win the auction, and
the item is yours and this saves Copyright "© David Nettey
you the time and effort of having
to sit around to bid again
About the Author:
David Nettey is the webmaster of http://www.coollittlewebsite.biz and http://www.cbmallincome.net, websites dedicated to starting an Internet Home Business and How To Create Wealth Online.
Read more articles by:
David Nettey
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