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Whenever I used to bid on Ebay, I would most of the time lose. Why was that? Because I was lacking the proper knowledge on how to win a bid. There are several reasons why I was losing, and the following article will show you how quick, painless, and exciting winning an Ebay bid can be.

Timing is everything

Bidding on an item early on is a bad idea. Why? Because you will most likely either be out-bid on the item, or it will start a bidding war early on, making the item’s price skyrocket past reasonable limits.

When you bid, you want to wait until the last few minutes. That way, when everyone assumes that the bid is over and the highest bidder has won, you can go in and take the kill.

Pricing

A lot of bids start off at about $0.99 each. This is a good starting bid because people will want the item at a low price. Although the price rarely stays there for long, it’s a real attention-grabber, and will get buyers interested in what they have to sell.

If you run into an item that has very few minutes left and the bid is still going for $0.99, the most likely cause is because no body has bid on it. If you ever find an item that you are interested in buying and is only priced that much, be my guest. But what you should do is watch an item. Don’t bid on it until the last few minutes; the last few minutes determine the final price range for the item.

Waiting until the last few minutes also gives the buyer a reasonable advantage; they can do a simple search online or in stores for the item’s street price. If the bid has already over-shot that, or if you aren’t willing to pay more than the bidding has reached, then you aren’t attached to that item, and you don’t have to pay that unreasonable amount.

“Maximum Bid”

Maximum bid has a lot to do with determining the highest bidder on an item. When you enter your “maximum bid” on Ebay, then Ebay will continue a bidding war against whoever else is bidding until they over shoot your max bid. After that, you are no longer the winning bidder.

Let’s say that you wait until the last few minutes to bid. The price of the item has gone up to about $129.99. This doesn’t mean that the person bidding on the item’s maximum bid is $129.99, all it means is that it’s the highest price that somebody else has bid up to. If you want to win a bid, you have to overshoot the final price by a good $10-$20 in the last few minutes, because the most likely thing is that the final person’s highest bid is a good $10 higher at least. This almost guarantees that you will win the bid. And the best part? You don’t have to pay your maximum bid! All you have to pay is the highest that somebody else bid up to trying to beat your maximum bid.

So now YOU have the know-how! What are you waiting for? Go to Ebay and start your bidding! Good luck!