Auction Information

How To Stop Ebay Buyers From Sniping Your Auction For Less Than Its True Value


There are many savvy eBay buyers who use automated bidding programs, which are referred to as sniping software. Sniping allows the eBay buyer to place an unseen bid in the last seconds of an eBay auction allowing them to win the ebay auction at a very low price if there was no reserve.

This simple method I will now outline to you in detail can be used in a variety of ways. I have even seen eBay sellers use this as a low cost advertising tool.

By preapproving your buyers, it will flush out any eBay snipers. The interested buyer will need to email you to get approval even to bid on your auction.

One of the advantages of this procedure is that it allows total control over the eBay auction, you decide who gets to bid on your ebay auctions.

Step 1 set up your eBay auction as you would normally

Step 2 Click this Link to add an eBay User to you preapproved buyer List(Note, you can approve anyone you know with an eBay user ID that does not mean they have to buy it) http://pages.ebay.com/services/buyandsell/biddermanagement.html

Step 3 View you eBay auction it will state in Large Bold print this auction is only open to preapproved bidders).

Use this technique to gauge response on any new item you have for sale. Once an eBay Buyer emails you asking to be placed on the approved list, You should then go and check their bid history and feedback.

You can check to see what they purchased and for how much, it will give you the information needed to price the item correctly. This will also give you a profile of what the bidder buys and some great ideas of other successful ebay seller's techniques.

Example
Start you eBay auction at 1Cent with no reserve. Immediately approve an eBay buyer you know with the link I supplied. To even bid on your auction the eBay buyer will need to email you, at which point you can check their feedback and decide if you want to let them bid or not. You listing Fee for this auction will only be 30 cents and you never have to sell the item, do not approve any bidders, it is your choice.(this is great for building inquiries to your sale, then once you have established you have some interest for your item relist without any approval requirement, you will have a bidding war ready to start!

Example 2
I have a laptop computer; I wan to generate some lost cost page views for this item.I list the laptop in a 3-day auction format with 1 cent starting bid and no reserve. I then set up my pre approval with an eBay buyer.

Add bidders at any time up until your listing ends. Remember: It's generally better to add bidders earlier rather than later for the best bidding results. Do a Bidder Search - This will allow you to understand the bidding history of the potential bidder.

Any bidder who is not on your list will be asked to contact you by email. Once the bidder has been pre-approved and added to your list, the bidder will be able to place a bid.

You will be amazed at the opportunities that present themselves to you from this simple technique, Remember you can not solicit sales outside of eBay but if someone emails you regarding items you may have in stock, you get the picture!

How to Pre-Approve Bidders/Buyers
Add Item

1. Enter the item number you'd like to restrict to pre-approved bidders/buyers. You can copy your item number from my eBay in the Selling tab or from your item page.

2. Add your approved bidders/buyers in the box below. View tips to pre-approve your bidders/buyers.

Simply Enter each bidder's/buyer's User IDs. Place a comma between each User ID or just press the Enter key on your keyboard to display each name on a separate line.

Here is the link to preapprove buyers

http://pages.ebay.com/services/buyandsell/biddermanagement.html

Tim Gilberg is able to provide information and insight from a unique perspective - that of someone who is actually doing what others just talk about. Ebay Power Seller Platinum Status was Attained by Tim Gilberg, which is one of the highest sales levels attained selling on eBay. Tim is active on Ebay and liquidation.com as well as consulting and working with other Top ebay Power Seller's to give you real life in use insight, not theories.Visit Tim Gilberg at his website Make Money on eBay


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Former Digs of NFL Great LaDanian Tomlinson Headed to Auction Sept 28th
PR Newswire (press release)
Luxury real estate auction house Platinum Luxury Auctions, a firm specializing in the non-distressed sale of multimillion-dollar homes on behalf of their private owners, is managing the luxury auction® in cooperation with listing broker Michael ...

and more »


The Week UK

Game Theory Part of the Art of the Sky Deal
Wall Street Journal
Blind-auction strategy is complex, as each side tries to figure out how much it needs to pay to win while trying to avoid overspending. It has fostered a cottage industry of auction consultants, many of whom hold doctorates in game theory, a branch of ...
Fox and Comcast are about to settle their $36 billion battle for Sky — here's what to expectCNBC
Sky bid to be settled by auction todayThe Week UK
Sky takeover: Blind auction complicates bidding by Comcast, DisneyThe Australian
Daily Mail -CNN Money -CNN Money -List-manage.com
all 223 news articles »


The Packer

Massive fruit processing equipment auction scheduled
The Packer
Fruit processing and packaging equipment at a former Seneca Foods facility in Modesto, Calif., will be sold during a series of online auctions. The facility, used for packaging and warehousing the company's peach and fruit cocktail products, was closed ...



Architectural Digest

Memorabilia from Frank and Barbara Sinatra's Estate Will Be Up for Auction This December
Architectural Digest
And this December, fans of the Sinatras will get the chance to purchase parts of the famed couple's estate in a series of live and online auctions that will put their personal assets on the auction block. According to Sotheby's, the auction house that ...

and more »


Business Insider

Comcast, Fox to Settle $35 Billion Takeover Battle for Sky in Weekend Auction
Wall Street Journal
The U.K. Takeover Panel, which polices deal making in the country, laid out rules for the auction on Thursday. It is a process the regulator hasn't run many times previously—and never before with such a large company as the prize. London-listed Sky ...
The fight for Sky may come down to a rare sealed auction this ...Business Insider
Fox, Comcast $35 billion takeover battle for Sky heads for one-day auctionCNBC
Comcast, Fox takeover battle for Sky to be decided by weekend auctionUSA TODAY
Reuters -MarketWatch -Bloomberg
all 868 news articles »


Art Newspaper

Red tape is stifling German auctions
Art Newspaper
German auction houses are struggling with increased bureaucracy and a shortage of high-quality consignments after the introduction of the country's cultural heritage protection law in 2016 by the culture minister Monica Gruetters. Some have even ...



Market Realist

Sprint's Plans before US Spectrum Auctions - Market Realist
Market Realist
The FCC (Federal Communications Commission) is planning to run two spectrum auctions beginning in November. The spectrum is anticipated to help mobile ...

and more »


South China Morning Post

Halt Hong Kong auctions ahead of laws on e-waste
South China Morning Post
Auctions have long been used by the government to get rid of confiscated items, surplus inventories and unwanted office appliances, and for good reason. Not only are they a convenient way to dispose of such items, but they also rely on market forces to ...



Reuters

Mexico's new president should postpone oil auctions: former Pemex official
Reuters
HOUSTON (Reuters) - A former Petroleos Mexicanos [PEMX.UL] board member said on Wednesday Mexican President-elect Andres Manuel Lopez Obrador has enough political support to change the nation's energy law and should postpone planned ...

and more »


Autoweek

Bring a Trailer's LaFerrari auction was internet gold
Autoweek
The auction circus surrounding a 95-mile LaFerrari on Bring a Trailer concluded without landing the car a new owner. The high bid of $3,125,000 USD failed to meet the seller's reserve price. However, the real action during the auction was in BaT's ...


Google News

home | site map
© 2006