eBay In The Crosshairs
ByAuction Sniping Goes Mainstream
Winning auctions automatically
Auction Sniping, named for the original software AuctionSniper, has gone mainstream and, if you are selling on eBay or expect to as part of your business plan, you should be aware that this relatively new trends mainstream adoption has put your profits at risk.
In traditional English Auctions, the basic premise is this, each individual openly bids against one another, driving up the price of the item until only one person remains bidding. With the advent of auction sniping, this process essentially vaporises with little to no trace of action until the very last seconds before the end of bidding. Now this really is nothing new as most experienced participants realize that bidding too early before a set end time only serves the purpose of you bidding against yourself but, in this case, auction sniping software controls this aspect with cold computer precision, until the very last calculable instant. No drama, no anxiety, no competition, no loss.
Other similar software titles include:
among others. No doubt the effects of these and other tools are evidenced in eBay’s regular and sometimes erratic pricing and policy adjustments, designed to ever more protect against it’s erosion and increase in the bottom line and excitement as well.
Naturally for listing participants, the only real defense against this trend is listing with a Fixed Dutch Auction format where the opening price is set to the what the seller considers to be the minimum price but, beware, this method is well know to decrease participation to the point where the seller is left paying the fees with no sale so, price wisely.
Related SEM-Answers Posts- How To Make Money Online Series Making Money Online With Affiliate Sales Series Article 1 Essentially, being an affiliate means you are selling someone else's products for them. Affiliate sales are very popular and can be highly lucrative to sell. In doing so you're typically working on a fixed, per unit commission basis of about 50%.......
- How To Make Money Online Series Making Money Online With Domaining Series Article 6 Domaining is the art of buying and selling domain names and or web sites for a profit. Those who go about it are known as Domainers. It’s much like flipping mortgage properties only the buying and selling is of virtual real estate.......
 Stumble It |
![[Post to ping.fm]](http://www.sem-answers.com/wp-content/uploads/ping.png) Ping this!
|
- Prosper Bid Sniping -- The Only Way Large Lenders Don't Move the Market Bid sniping is watching a loan until the last possible moment and stepping in a bidding. This can be done on both loans that are fully funded and loans that are not yet fully funded. This is the only optimal strategy for large lenders bidding on non auto funding loans. ......
- Save Money On Airfare [/caption]Yesterday, I mentioned how the wife and I recently traveled to Boston for free on my wife's frequent flier miles. I felt like that was a bit of a cop out. I should do better. I didn't offer you any useful information for saving money on airfare - other than......
Leave a Comment
You must be logged in to post a comment.
4 Comments
1:49 am
“auction sniping software controls this aspect with cold computer precision, until the very last calculable instant.”
Actually, I think your target should be about five seconds before the end of the auction – too late for manual snipers to react, and hopefully before any other automated snipes that may be scheduled for the same item.
In that case of a bid tie(or when there is not enough of a difference between the two bids to meet eBay’s minimum bid increment), the first bid in wins.
To have sniping lose its effectiveness, all eBay would have to do is auto extend any auction that receives a bid in the last minute or so.
I believe there are already auction sites that do this.
Anyway, another of the eBay sniping that you may want to add to your list is http://www.hidbid.com
12:38 pm
Cool stuff!!!
Cyndi Miller
4:16 am
Wow this is some real good content. I just bookmarked, stumbled and tweeted this post. Keep up the good work and i’ll be sure to return! Enjoy you’re day!
4:20 pm
[...] 4 general types of Auctions: English Dutch First price sealed bid second price closed the offer English Auctions The most common type of auction is the English auction, but may also be known as an ascending price [...]