eBay Online Auctions Channel
eBay Online Auctions
Business: Using Auction Sniping
to Your Advantage
Auction
sniping is a process used by
many buyers to win the most
coveted items for sale on
auction sites, such as eBay.
The way that this works is
the buyer watches a timed
auction closely and then
places a bid for the item at
the last possible second.
This last minute bid ensures
that other buyers will not
have enough time to bid
against the auction sniper.
Auction sniping can allow a
buyer to win an item at a
lower cost by avoiding
bidding wars that may occur
between another user or
users. It also helps reduce
the number of bid chasing
that may occur. Bid chasing
is where the presence of an
existing bid will encourage
other eBay users to place a
bid on an item.
Although some eBay bidders
practice auction sniping,
there are software packages
and online companies that
can perform this technique
on behalf of the buyer.
Auctionsniper.com is a
popular site that many users
try in order to guarantee
placing a winning bid on a
coveted item. The site is
free to try for new users
and after three auctions,
Auction Sniper charges a fee
of only one percent of the
final value of the item. You
will only be charged for
items that you win. The way
that Auction Sniper works is
simple, you give the website
your maximum bid and they
place the bid a couple of
seconds before the auction
closes. This allows you to
win more eBay auctions
without the hassle of
attempting to snip the
auction manually.
There are also websites that
you can use that charge a
monthly or one time fee in
order to use their auction
sniping software.
AuctionStealer.com has
several monthly and annual
plans that you can purchase
that allow unlimited use of
their auction sniping
service. Their site is
simple to use. Once you set
up an account, you provide
the service with the item
number, your maximum bid,
quantity and the timing of
the bid. With these details,
Auction Stealer will place
your bid at the exact
specified time. They have a
ninety-nine percent bidding
accuracy and claims to snip
ten to twenty thousand
auctions on a daily basis.
It is not against eBay's
policies to auction snip,
however, other auction sites
are beginning to extend the
bid's deadline if a bid is
placed during the auction's
final moments. Protractors
feel that it is an unfair
process and that many
snipers turn around and
resell the same item on eBay
at a higher price.
Auction sniping can be a
tool that a buyer can use to
successfully win an online
auction. You can perform
this process yourself by
timing your bid right before
the auction's end or hiring
a company to bid on your
behalf. Once you begin
auction sniping, you will
begin to win more items at
lower prices!
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