Something For Nothing, Or Something For A Penny

Gambling or the thrill of the hunt? Everyone has heard of EBay and online auction penny sites

. For some online buyers and bidders it is the thrill of the win, for others it is the thrill of finding that long lost treasure and being able to buy it. EBay has revolutionized collecting, buying and selling. Buyer beware though don't get caught up in the fray and pay more for an item than it is worth. It is easy to do!

Time is running out, you have been collecting German nutcrackers, a signed, dated and numbered one that has been eluding you for years is up for auction, how much do you spend? Do you get caught up in the bidding process and decide to win at all cost, or do you sent your limits and stick to them. The gambler and competitor comes out in many of you and the need to win often outweighs the value of the item.

Tips that may be of value:

1.Do research before buying; know the value of the item you are bidding.

2.Set limits and don't exceed your limit. Your hurt ego is much easier to sooth than buyer's remorse. Almost all items will come up again, so be patient. Consider bidding in advance and not watching the final minutes, that way you can't be caught up in the skirmish.

3.Always calculate the shipping cost into the final total. An item may sell for cheaper but have outrageous shipping cost. Total in shipping in when setting limits.

It is hard not to get caught up in the battle, especially when you keep bidding against the same people or for the same item.

Unlike traditional online sites, penny auctions price increase only one or two cents with each additional bid. Items are all new and can be bought for amazing prices.

The difference is that every pays, whether you win or lose. You buy packages of bids sold in 50, 100, 150 and 500 packages. The 150 pack goes for approximately $112. 00 to give you some idea.

Do your homework, while online auction sites are thrilling to use, the gambler mentality has a tendency to come out! Here are a couple of tips for penny bids:

1.Don't run to the first item you see, analyze the board for 20-30 minutes

2.Focus on one item at a time, this isn't the time for multitasking

3.Don't ever bid on the first four rows

4.If an auction reaches $30.00 find another

Online buying and selling is fun, just be careful not to be get caught up in the bidding and pay too much for something. Do research; understand how the game is played. Be smart and hold tight to your wallet. Have fun and understand the risks!

by: Art Gib

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