The Most Important Thing

EBay announced several major changes last week that will affect all of the company's online auction sellers...and buyers. Effective February 20, 2008 there is good news and bad: while some seller fees are being reduced and this means sellers will save money on listing fees, other fees are being substantially raised (final value fees once items are sold).

No doubt buyers will see up close some kneejerk reactions - item and/or shipping prices raised in an attempt to offset the fee increases. What's a buyer to do? This piece of information I'm about to share with you is the most important thing an online auction buyer can do.

Never bid on an item until the very end of that auction. Why? Because bidding early drives up the final sale price of the item and often begins a bidding war! Watch the item ... eBay has a tool you can use to do this ... and wait until close to the ending time of the auction to make your bid(s). Yes, I know it can be a pain to do it this way, but you'll find you are often the only bidder by doing it this way and you can swoop in at the last minute, win the auction and walk away with the item you wanted and money in your pocket!

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