Wednesday, July 28, 2010

Spot a BARGAIN on eBay - or is it really a rip off?

Absolute Bargain! Low Starting Price! Don't Miss Out! Bid Now! So you think you've found an absolutely fantastic, can't be beaten, won't find it anywhere else at the very low starting price of just 1c ...BARGAIN!!!Congratulations!You've just been introduced to what we believe to be the worst kind of listing - one which often creates a bidding war with buyers often paying more than a) necessary and b) they initially intended on spending! Before we go into this any further - let me point out that this Guide is unlikely to be popular with sellers who DO choose to list at prices BELOW what they pay for the item the listing cost - and personally, Lindy's Goodies don't care to point out this practice to ALL buyers! After all, we also buy on eBay and not just sell - so we too have been caught in our early days of buying by these ridiculous listings. These days, we don't even both bidding on them.So ... we don't expect very high votes on this Guide ... we know Sellers who don't agree with our opinion will definitely vote against us ... but buyers, please understand that we arevoicing our opinion on this type of listing for your education and understanding. And how often in history do people become unpopular because they don't fear voicing an opinion ... I don't mind at all being one of them ... so on to the information we'd like to share ...Why isn'ta 1c listing worth bidding on?Here area few things to think about before committing to that 'place bid' button ...Have you looked at the price of the Postage and Handling? Is it some overinflated price for the first item, with just a few cents off for the second and subsequent items that you might choose to purchase? So what? You might be thinking ... if I win at .5c and pay the postage, I'm still ahead ... you think ... But, are you really? What if you do decide to buy a 2nd item ... would you still be ahead? And, do you really think its fair supporting a seller who 'cheats' his way into getting bids, rather than being honest and starting the bid at a fair price forboth themselves (the seller) and the buyer? So why DO sellers start at 1c? That's easy - eBay charge them very little fora 1clisting!But as anyone in business will know,you cannot afford to buystock - assuming it is new - and then reselling for less than the wholesale price they paid. Do you see my point? They couldn't afford to stay in business unless their profit comes from somewhere else - like the postage

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