If you are a bargain shopper, your ship is about to come in. Four of the best bargain hunting days of the year on Ebay are just around the corner: December 24, 25, 31 and January 1.
Here’s why: Ebay is an auction site. There is only one thing that makes prices go up with an auction. People. If you are shopping on Ebay when hardly anyone else in the country is, you can pretty much have your way with prices. What are people doing on the aforementioned dates? Answer: Not shopping on Ebay.
My top tips to save big on Ebay this holiday season:
- Set up an Ebay and Paypal account in advance. Many sellers only take payments by PayPal these days. Trust me, it’s super safe and convenient.
- Know what you want to buy and what you are willing to pay. Don’t let your ego cost you money. If somebody happens to outbid you, don’t sweat it. Just move on to another seller or the next item on your list.
- Narrow your sights on things that are easy and inexpensive to ship or mail. If you pay $1 dollar for an item you could buy locally for $10 and it costs you $20 for shipping, you haven’t really saved anything.
- Place your max bid on the items you desire just minutes before the auction closes. If there are no other bidders, you won’t have to pay your max price, but it helps you automatically outbid other bargain hunters.
This concept only works if you are trying to win auctions that are closing on the dates I highlighted above. Don’t bid on items that will be closing on days after the dates listed above. Set your top price low and be okay with spending not a penny more, even if it means losing the item to someone else who read this post.
I discovered this tactic as a seller over 12 years ago when I inadvertently listed an item for auction that closed on a holiday. I didn’t get near the money that I was asking for the item but I learned a lesson that has paid me back greatly over the years. Few sellers put much thought into when the auction will close. Usually, they are just happen to get the item listed.
If you follow these tips and score big, please come back and leave a comment.