How does ebay work?

JLV2k5 · 01-29-2008, 03:48 AM

I have a quick ebay question. When a seller puts an item up for bid, can he withdrawl the item at any time?

Just wondering because there is a HP vs17 on ebay with a starting bid of $0.99 and has over 4 days remaining. Just wondering how ebay works. Thanks.

[-0MEGA-] · 01-29-2008, 04:01 AM

Many people as well as myself start auctions at $0.99 because it's much cheaper to list on eBay, and the seller knows that the bid will raise drastically when there are less then 48 hours left.

The seller can remove the listing, however they are only suppose to remove it if theres a situation such as the item was lost/damaged.

JLV2k5 · 01-29-2008, 04:06 AM

Quote:

Originally Posted by [-0MEGA-]

Many people as well as myself start auctions at $0.99 because it's much cheaper to list on eBay, and the seller knows that the bid will raise drastically when there are less then 48 hours left.

The seller can remove the listing, however they are only suppose to remove it if theres a situation such as the item was lost/damaged.

Thank you Omega. Out of curiosity, what is the cost of starting an ebay auction at $0.99?

Do people usually just bomb in bids within the last 15min or so, before the item's bid time is over?

Kesava · 01-29-2008, 04:19 AM

yeah i always bid with about 2 minutes to go.

because then the other ppl dont know they have competition

and if you start it at 99cents i find that lots more people bid on it... so more people are looking to buy it... i cant really explain what i mean. but it makes sense to me

JLV2k5 · 01-29-2008, 04:21 AM

It would be sick if I got this monitor, then I would have a set of 17" LCDs that match

WhiteFireDragon · 01-29-2008, 04:26 AM

from what i observed, starting something valuable at $0.99 will almost guarantee someone to start the bid. when other ebayers see an item that already have bid, it attracts more attention and it increases the chance that item will have more bidders. the more bidders, the more it will grab your eyes and for some reason, people just bid on it even more until the price pretty much plateaus.

am i right about this? or is this just in my head?

Kesava · 01-29-2008, 04:30 AM

hahah thats exactly what i ment. im just really tired. couldnt explain it like that

[-0MEGA-] · 01-29-2008, 04:31 AM

Quote:

Originally Posted by JLV2k5

Thank you Omega. Out of curiosity, what is the cost of starting an ebay auction at $0.99?

Do people usually just bomb in bids within the last 15min or so, before the item's bid time is over?

Most people will place their bid when theres less then 24 hours left. Mainly because the majority of people sort the items by ending soonest.

Quote:

Originally Posted by WhiteFireDragon

from what i observed, starting something valuable at $0.99 will almost guarantee someone to start the bid. when other ebayers see an item that already have bid, it attracts more attention and it increases the chance that item will have more bidders. the more bidders, the more it will grab your eyes and for some reason, people just bid on it even more until the price pretty much plateaus.

am i right about this? or is this just in my head?

Exactly, whenever I want to bid on an item, I am more likely to bid on something that started at say $0.99, has 20 bids and is now up to $212, then to be the first bidder on the same item which had a starting price of $200. The main reason is because it seems like the one with the most bids is more "legit" as you may say, and it does attract more bidders.

JLV2k5 · 01-29-2008, 04:37 AM

Thanks guys.

[-0MEGA-] · 01-29-2008, 04:43 AM

No problem, I've been on eBay for probably 5 years now, so I know a fair share when it comes to some of the basic things.

01-29-2008, 03:48 AM	#1 (permalink)
JLV2k5 Diamond Member Join Date: Dec 2007 Location: University of Delaware Age: 21 Posts: 1,300	How does ebay work? I have a quick ebay question. When a seller puts an item up for bid, can he withdrawl the item at any time? Just wondering because there is a HP vs17 on ebay with a starting bid of $0.99 and has over 4 days remaining. Just wondering how ebay works. Thanks. __________________ Can't wait to finish college and build my system.

01-29-2008, 04:01 AM	#2 (permalink)
[-0MEGA-] Diamond Member Join Date: Nov 2004 Location: Concord, NH Age: 19 Posts: 27,069	Many people as well as myself start auctions at $0.99 because it's much cheaper to list on eBay, and the seller knows that the bid will raise drastically when there are less then 48 hours left. The seller can remove the listing, however they are only suppose to remove it if theres a situation such as the item was lost/damaged. __________________ Desktop // Laptop Core 2 Quad Q9550 @ 4.0GHz // Core 2 Duo P8400 2.26GHz Asus Rampage Formula X48 // Intel PM45 ATI 4870X2 2GB GDDR5 // 512MB GDDR3 9800M GTS 4GB (2x 2GB) DDR2 940 // 4GB DDR3 800 750GB SATAII w/32MB // 200GB SATAII 7200RPM Creative SB X-Fi Titanium Fatal1ty SilverStone 750W +12V@60A 3DMark06: 21391 // 9179

01-29-2008, 04:19 AM	#4 (permalink)
Kesava Diamond Member Join Date: Jul 2007 Location: India Age: 17 Posts: 3,197	yeah i always bid with about 2 minutes to go. because then the other ppl dont know they have competition and if you start it at 99cents i find that lots more people bid on it... so more people are looking to buy it... i cant really explain what i mean. but it makes sense to me __________________ formerly Kuzba Cpu:Intel Q6600 2.4Ghz @ 3.4Ghz Hsf:Zalman CNPS 9700 LED Ram:Generic 2 Gb 800 Mhz Gpu:XFX 8800 GT 512mb @ 700/1750/2000 Mobo:Gigabyte P31-DS3L OS:OSX 10.5.2 3dMark06:13518 MSN=kesava8@hotmail.com AIM=kesava8

01-29-2008, 04:21 AM	#5 (permalink)
JLV2k5 Diamond Member Join Date: Dec 2007 Location: University of Delaware Age: 21 Posts: 1,300	It would be sick if I got this monitor, then I would have a set of 17" LCDs that match __________________ Can't wait to finish college and build my system.

01-29-2008, 04:30 AM	#7 (permalink)
Kesava Diamond Member Join Date: Jul 2007 Location: India Age: 17 Posts: 3,197	hahah thats exactly what i ment. im just really tired. couldnt explain it like that __________________ formerly Kuzba Cpu:Intel Q6600 2.4Ghz @ 3.4Ghz Hsf:Zalman CNPS 9700 LED Ram:Generic 2 Gb 800 Mhz Gpu:XFX 8800 GT 512mb @ 700/1750/2000 Mobo:Gigabyte P31-DS3L OS:OSX 10.5.2 3dMark06:13518 MSN=kesava8@hotmail.com AIM=kesava8

01-29-2008, 04:26 AM	#6 (permalink)
WhiteFireDragon Platinum Member Join Date: Dec 2007 Posts: 653	from what i observed, starting something valuable at $0.99 will almost guarantee someone to start the bid. when other ebayers see an item that already have bid, it attracts more attention and it increases the chance that item will have more bidders. the more bidders, the more it will grab your eyes and for some reason, people just bid on it even more until the price pretty much plateaus. am i right about this? or is this just in my head?

01-29-2008, 04:37 AM	#9 (permalink)
JLV2k5 Diamond Member Join Date: Dec 2007 Location: University of Delaware Age: 21 Posts: 1,300	Thanks guys. __________________ Can't wait to finish college and build my system.

01-29-2008, 04:43 AM	#10 (permalink)
[-0MEGA-] Diamond Member Join Date: Nov 2004 Location: Concord, NH Age: 19 Posts: 27,069	No problem, I've been on eBay for probably 5 years now, so I know a fair share when it comes to some of the basic things. __________________ Desktop // Laptop Core 2 Quad Q9550 @ 4.0GHz // Core 2 Duo P8400 2.26GHz Asus Rampage Formula X48 // Intel PM45 ATI 4870X2 2GB GDDR5 // 512MB GDDR3 9800M GTS 4GB (2x 2GB) DDR2 940 // 4GB DDR3 800 750GB SATAII w/32MB // 200GB SATAII 7200RPM Creative SB X-Fi Titanium Fatal1ty SilverStone 750W +12V@60A 3DMark06: 21391 // 9179

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