subject: Online Auction Bidding And The Rules [print this page] Sellers have a new way to sell items online. The internet has made it possible for online auctions to be current, frequent and trendy. Bidding for online auctions mimics that of real life auctions. There are a few different techniques, but it's all basically the same. The methods are not all that hard to learn either.
Online auctions are the appeal of both sellers and buyers. Set an item at a specific price, preferably a low price, and then watch the buyers bid away! It takes some skill when placing a bid on any item. You don't want to bid too early in the game.
The reason is because if you bid too early, the price will more than likely raise higher than you would want. Time your bids and put it in around the end of a desired price range. You may have to look at other items to do this.
Putting your bid in too late can win your item. But, it may mean your price has already been surpassed. Some people tend to bid very high at the beginning of an auction. This is a tactic to deter bidders who my only bid a dollar or less. Make sure if you do bid high, you can back it up. Sellers don't like a bidder that can't support it.
When you bid on anything, try small increments so as not to raise the price too high. It may happen anyway since someone with more money may bring a bid price up. Watch several items within your price range and monitor your bids.
Bidding online takes practice and finesse, but with a little trial and error, you can learn it. A technique called 'shill bid' is often practiced. This means you put in a bid just before the auction ends. Most likely, you end up winning because your bid has just been entered 10 - 5 seconds before closure.
by: Brian Elly
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