Sunday, May 25, 2008

You've Got to Love eBay!

I just love bargains!  I mean real bargains where you're saving a great deal of money on an item and that you've got to brag to everyone.  So... I'm bragging to everyone or at least the couple of people that read this blog.

I've been using eBay for over 8 years.  I've sold and fcdallasjerseypurchased over 300+ items during that time.  I've wanted an FC Dallas jersey for the longest time, but I couldn't get over the sticker shock of $70.  I'm cheap and I like to eat... or more importantly... buy more running shorts.  Sorry, that's another blog post!

Anyway, I've watched the FC Dallas Jerseys on eBay for quite some time and finally found a seller that was selling them at a starting price of $19.99.  They had the shipping listed at $9.10.  I was willing to spend $40 on the jersey, so I set my max bid at $30.  Whenever I bid, I place my max bid on the item and leave it alone.  I do this so that I don't get caught up in the emotion of the auction.  Because next thing you know you're paying more than retail.

I won the auction with only one person bidding on it which pushed the cost up to $20.99 + $9.10 = $30.09.  Pretty great cost savings over the $70 retail price!  Mr. Colucy would be so proud!

Click here for the eBay listing of the FC Dallas jersey.  A picture of my jersey is shown with the $70 retail price tag circled.

Summary of my eBay buying tips:

  • Know the retail price.
  • Know the price of what other sellers are selling the item.
  • Determine a price that you're willing to pay for it.
  • Place your max bid of the item.
  • Make sure that your bid is minus the shipping cost.  As I mentioned I was willing to pay $40, but only bid $30.  This took into consideration the shipping costs.
  • Place the max bid and leave it alone.  This is especially true if you've done your homework and have seen the item being sold at your idea cost and there seems to be a good supply of the item that you want.  Just bid on the next one that's available.

Bonus eBay buying tips:

  • Don't buy something on eBay when it's a time sensitive need.  Shipping can take anywhere from 2-8 days depending on how quickly sellers act.
  • Read all of the terms on the Sellers page.
  • Make all transactions through eBay and PayPal!  I've had one transaction go bad.  eBay and PayPal refunded my money and then THEY pursued the bad seller!

I'll give you some eBay Selling tips in the future.

1 comment:

Todd C said...

Mark,

Way to go. Good deals like this help with financial peace.

Ebay is one of my favorite places for deals as well. I don't want to see that fancy NewPointe coaster for sale on ebay. (Just kidding.)

Todd