In a message dated 2/23/01 8:34:32 PM Eastern Standard Time,
[EMAIL PROTECTED] writes:
<<
The question of when to bid your maximum is pretty open. Mafud advocates
bidding early in the auction, possibly to scare away anyone who sees that
you must have a high bid. >>
Nah. Part of the dynamic on auction sites, in this instance eBay, is you
~don't~ know what the high bid is, ever, until the auction closes. I bid ~my~
maximum up front and literally walk away from that auction. I can't say it
any plainer: I simply don't care if I so-called "lose." "Lose" is an auction
buzzword, designed to drag you into the action.
I'll slightly modify my statement above: you do ~know~, at least the high bid
if you see: sorry you've been outbid-yada-yada. If you bid $10.51, you know
you must bid higher to become the high bidder. That usually happens when you
check back after eBay suckers you in with their "you've been outbid" ploy. So
you go back in, at the same time, refiguring the odds of your becoming just
the high (not winning) bidder.
Too much has been attributed to the motives of the buyer/sellers while the
attention should be paid to the auction sites, which are just like brokerage
houses: they get you coming and going.
*Ebay and other auction sites have the about the same percentage "take" as
Casinos.
<<The downside is that this method gives other buyers lots of time to decide
that they want it more than you, since they're seeing that it's attracting
interest. >>
But...but I really don't ~care~ how or what they think.
If I want that (whatever "that" is), I'll bid $100. If it goes over, so what?
There is probably one just like it, maybe even better, either already in the
pipeline or coming soon.
As I noted before, I generally check the "favorite" page, looking first at
the new postings. If I see what I like, I bid my maximum. Others coming along
only see the high bid (not my maximum) and only know they've been outbid when
the "sorry" page comes up. At that point, they have choices:
nibble-nibble-nibble until they become the high bidder or; go on to another
item.
*There can't be anything more frustrating (or time consuming) than nibbling
at the high bid(der).
Right now I'm shepherding 11 items at four auction sites. I have eight items
selling on two sites. To properly tend to my regular business, much of it
Internet, but not auction related, I had to develop an auction technique
which did not take too much time to maintain.
Mafud
[EMAIL PROTECTED]
[EMAIL PROTECTED]
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