How to Win the eBay Lottery
by Robert Perkis / Lotto-Logix
Ebay is not your grandfather's auction house, it is really a
lottery disguised as an auction and much more exciting since
you only pay if you win!!!
We play lotto, enter contests and sweepstakes because we like
to win nice prizes. Winning is what it's all about for
lottery players and eBay has plenty of opportunities to play
and win your heart's desire.
Ebay is incredible, possibly the most important synergy of
market place and bank to come out of the internet. Like the
proverbial Hollywood and Vine everything ever made will
eventually appear for auction on eBay where you can win it!!!
Lottery players will find their fine tuned lottery playing
skills of tracking and waiting to pounce will stand them in
fine stead to take on the challenges of winning at eBay.
In the beginning eBay can appear a bit tricky, computers for
one cent, what's that all about? These aspects can confuse
some and anger others, but once you know what it's really
about, it won't bother you in the least.
Ebay was the first and still is the greatest market place on
the World Wide Web and they've merged with PayPal the first
viable bank on the Web creating a powerhouse company unrivaled
to this day. As eBay has no inventory investment and nibbles
just a bit from every transaction, they are almost pure profit
Ebay attempts to maintain a level playing field for sellers
and buyers to do business in an honest atmosphere even
offering to guarantee smaller purchases will be satisfactory
or your money back. When this much business passes through
your toll booth you want to keep a good reputation.
How to Join:
You don't have to join to look around eBay, just use the
search box on this page to see if that special item you wished
for is currently available.
If you decide to join eBay, just click on one of the sign-up
invitations and fill out the form. Don't play games because
the address you provide is where your wins will be delivered.
You should also join PayPal because that is the easiest way to
pay for items you win.
When you join eBay you will receive your own very useful home
page called "My eBay" where you can watch items of interest
and automatically keep a list of the items you are bidding on.
PayPal is a real online bank and part of eBay. You open an
account just like you would at your local bank and can fund
the account with your credit card or leave the account at zero
and PayPal will act as a buffer between you and seller billing
through your credit card. There are three stages of having an
account, unverified (not everyone will do business with you)
verified address (this plus funding through your credit card
is very good) and Verified where you link your local bank
account to your online account (too scary for me).
To join PayPal just click on the PayPal banner on this web
page and fill out the form. When finished you will have an
online bank account. Having the account and
paying for things online is free, PayPal takes a bite when you
get a refund or someone sends you money.
How to find things on eBay:
Ebay offers both an index and two search engines. The lesser
search engine is the eBay search box just like the search box
on this page. If you wanted to see if there were any lottery
books for sale you could type in lottery book and get
thousands of listings for lottery and or book or you type in
quotation marks "lottery book" and you will be shown only
listings with lottery book in the title. If that isn't enough
listings check the box [X] to look in Titles and Descriptions.
The better search is [Search] at the top of every eBay web
page. This more sophisticated search allow you to select only
sellers who accept payments by PayPal which makes life much
easier. When you use this search the items are listed in the
order in which they expire first to six days out, easier then
the Index listing which first sorts them by I don't know what
seemingly random [Current] offers.
While the Index isn't really all that useful, when you visit a
page you can generally find more of the same by looking at the
top of the page where it tells you what section of the Index
the page is listed under, click that and see them all.
Winning on eBay:
It's all about winning, getting the greatest deal at the
lowest possible price. Ebay looks like an auction, but it
isn't really because it has a timed ending.
In a live auction bidders bid until they exhaust their budgets
and the one who bid the highest amount for the item wins.
On eBay, the highest bidder at the moment the auction times out
is the winner, big difference as we shall see!
First things first, know the value of what you bid on.
Bidding and what you receive is always chancy. If the item is
available locally for the same price you are better off buying
it off the shelf where you can examine it firsthand.
Once an expectation of good value for the likely win price has
been established, check the Shipping and Handling charges.
Every listing on eBay is a different seller so shipping
charges can vary considerably even being an extra source of
income for some sellers. Avoid if possible all auctions where
the Shipping and Handling charges are not clearly defined and
With Shipping and Handling, it's all a matter of balance. You
have to look at whether the total package is a good deal or
not. If it is an overall great deal don't get annoyed paying
six times the postage rate to get your prize.
For example, won a $99. value 512k computer memory bar for
$28. and the Shipping and Handling charge was $6.00. When the
package arrived the postage was 60 cents, the memory works and
is everything it's supposed to be, I learn to live with it.
Watching: As lottery players we have a tendency to pounce on a
good thing. Many first time eBay users think they have to bid
on the first item they find that fits their requirements often
just so they can find it again. This is why the [My eBay] page
has a [Watching] area. As you find possible candidates for
bidding click on the [Watch this item] and it will be added to
your [My eBay] page's watching section where you keep your
list of possible items to consider bidding on.
A win is the item we want at a great price. We accomplish our
goal by not causing the price to rise through useless bidding.
There are only three times you want to actually place a bid.
When you will be the first bidder, bid the minimum. It is
surprising how often people will see a bid was placed and move
on. Expect to be outbid at some point, don't worry about it
as the single purpose of the bid was to reduce the total
number of biders bidding up the price.
When you will be second bidder, bid the minimum, expect to be
outbid (sometimes instantly by Proxy Bid) don't worry the only
purpose of the bid is to be among the bidders. We do this
because some people get really weird after thinking an item
was theirs for a week only to get outbid at the last minute.
Don't bother if there are already several bidders, just watch.
Update: ebay has a rule against snipping, waiting to the last
minute and bidding a large amount. While enforcement is rare
it is now a good idea to place at least one bid prior to the
final bid at the auction's end.
Many people still think eBay is an auction. I am always
amazed to watch someone think the goal is to be highest bidder
fighting off their challengers all week, what they are doing is
bidding up the price, stupid, stupid, stupid. Actually some
times this becomes a great opportunity because they chase off
other bidders making their tiny increases, which means if you
wait until the last minute, you can bid an amount greater then
their usual bump and take home the prize.
Yes, the only time you really need to bid, is at the last
moment possible, a minute before the "auction" ends.
What exactly do we mean by bidding at the last minute? Have
an amount written down, know your password, be logged in, on
the item page watching and refreshing as the time drops to two
minutes, check your watch, enter the bid, go to the Confirm
your Bid page and at about 90 seconds remaining, Confirm the
Bid. See if you won, pay immediately through PayPal. Wait by
Last Bid Strategy: Normal auction: Know what you are willing
to spend to get what you want after shipping and handling, say
$60.00 add to this an amount that will be cents over anyone
bidding a round figure at the normal rate of increase.
Say the eBay recommended bid increases are $1.00 and the item
is now at $38.00 and the newbies have been one upping each
other all week and there's maybe someone using strategy out
there watching as well.
Wait until the last minute and bid $61.17 for example, this
will beat anyone who drops $60.00 or $60.01 at the last minute
and still be above any slew of dollar increases coming in at
the last second from the newbies. (Newbies: People with few or
no bid wins after their name/handle.)
How can you bid $61.17 when the current bid is only $38.00 and
the recommend next bid is +$1.00? You can bid any amount you
like over the current amount because eBay allows it and you
will only have to pay the recommend bid amount over the next
highest bid if you win. ie: If the newbies only bring the bid
up to $42.00 you would pay $43.00 not the full $61.17 bid.
The original intent of Proxy Bidding was bid and forget. The
bidder would find the perfect item, bid the maximum they would
be willing to pay and come back in a week to see if they won.
The Proxy Bid acts like a friend sent to a real auction with
instructions to only bid up to a certain amount. The intended
purpose behind the eBay Proxy Bid is to push up the price as
others who want to win must bid past the Proxy Bidder and the
amount necessary to do so is unknown.
Lucky for us the Proxy Bid works just as well at the last
minute for winning the final bid as it does for bidding up the
price when used as intended.
Dutch Auction: A Dutch Auction is very much like a normal
auction except there are more then one of the item so several
people can win. Bid like you would for a normal auction only
at the end if bidding has been active aim for outbidding the
top bidder which should put you somewhere in the middle wins.
Watch out for Dutch auctions for bare bones computer systems.
You can often get a lower price by visiting their online eBay
store. Make sure they don't just take PayPal, but that they
do so through eBay Checkout. If you do buy a computer this
way, take the Intel cpu and upgrade the Power Supply and fans.
Reserve Price Not Met: Sellers can start an auction at any
amount even one cent. They can also set a Reserve Price. They
don't have to honor the win until the Reserve Price has been
passed. Treat a Reserve Price auction like a normal auction,
watch and see what it looks like at the end. Chances are the
Reserve Price will be passed and from then on the auction is
Buy It Now: Until the first bid the item can be purchased at
once for the Buy It Now price. If reasonable and what you
want, feel free to Buy It Now. Keep an eye out for new Buy
It Now listings because the good deals get snapped up fast.
If not your first bid will remove the Buy It Now feature and
turns it into a normal auction.
How Not to get Taken:
Surprise, there are some crooks on eBay. Here are things to
watch out for.
Greed Head: What happens when you think you are dealing with a
seller who doesn't realize the value of what they've got. You
think you've lucked on to a hot deal, but it isn't what you
think because you're dealing with . . .
The Kid: Pretends he doesn't know how to use the item or
couldn't get it to work so he's selling it, always broken!!!
The Busy Pro: Claims he doesn't have time to test the item, or
is missing the power cord or something simple to make you
think you have a chance to get lucky, not gonna happen.
The Liar: Claims to be selling the Family Treasure, was pulled
from a dumpster. Fully refurbished means sprayed down with
Windex. Looks to be in good condition, guy needs glasses. Fully
tested, the power light came on, etc. Won't give you a straight
answer to the question, "Does it work properly?"
Missing Parts and Information: Items are often used and parted
out, the laptop with the long list of features must come with
a working battery, you'd think so, wouldn't you? Funny the
seller also has your battery for sale separately, used no
guarantee. Don't count on anything not mentioned being
No Refunds: Claims something along the lines of having sold a
good item a buyer ruined and was unfairly forced to refund so
never again. Skip the agony of doing business with this loser.
Short Refund: Offers an extremely short refund period, unless
you are ready to use the item the day it arrives the offer is
more of a trick to avoid refunds then a guarantee.
No Such Item or Person: Often a teenager, creates a throwaway
email, eBay and PayPal accounts to sell a bogus item and run.
Signs can be a description of the item that doesn't match what
you know about the item, lack of satisfied feedback from
previous sales, phrases like "I'm selling another one . . ."
without any sign of having sold any. Poor response to
Questions to Seller requests for missing information. Watch
out for listings showing the seller to be a member of eBay for
years with no feedback as seller or buyer a sure sign something
is out of whack, avoid at all costs it's a fake!
PayPal Switcher: Look out for warnings eBay Checkout or PayPal
mysteriously doesn't work for their company through eBay Checkout.
They are trying to avoid paying eBay their fee and your chance at
recovery if there is a problem because you won't be covered by
eBay and PayPal Insurance Purchase Guarantees. Avoid unless so
minor it won't matter if you have to toss it or never receive it.
There are three forms of insurance, Postal, eBay and PayPal.
Postal: If the seller offers postal insurance for a dollar or
two and you have any concerns they might claim to have shipped
and didn't, taking Postal insurance should help prevent that
nonsense. Actually collecting would be almost impossible as
the seller submits the claim of loss.
eBay: After 30 days if you can't contact the seller to resolve
an issue or get your goods, and your Credit Card can't or
won't get your money back, you can file a claim for 75% of the
amount minus shipping for refund from eBay.
PayPal: When you fund the purchase through PayPal you may be
offered the opportunity to insure the purchase. Again if you
have any concerns the seller might not ship or will ship
defective product, consider taking the insurance or taking the
chance depending on gut feel.
Feedback: eBay offers the option of buyer and seller providing
feedback on the joy of dealing with each other. If there is a
problem you can as a last resort threaten really bad feedback,
but never actually do it because some sellers won't sell to people
who give bad feedback. You can always give bad feedback as if
Positive for any who actually read the feedback of a seller.
Update: Some sellers of large items such as cars and trucks are
requiring feedback be submited at time of delivery before you
have the chance to fully investigate the purchase. While this
should be avoided, if the only way to aquire the desired vehicle,
be sure to log out of your account after leaving feedback using
the seller's computer.
How to Win the eBay Lottery Roundup:
Join eBay and PayPal
Establish value of what you're looking for
Find several potential items and watch them
Bid minimum if first or at least once
Synchronize your computer time with eBay
Watch your items, especially at the end
At the last minute bid your max plus few cents.
What about the one cent items? Many under a dollar to start are
there on the first day, but a price that starts off low is often
the first to draw bids so it doesn't stay that way very long.
Good luck to you. Robert Perkis / Lotto-Logix
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