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When Bidding to Win, Temper Your Emotions for the Best eBay Deals

Temper your emotions for best deals on eBay

temper your emotionsThere are going to be times when you find something you really want on eBay, where the excitement becomes so overwhelming that you'll throw caution to the wind and bid to the sky. If you were the seller of that item, you'll hope that everything you sell garners that same type of emotional excitement.

However, in almost every case where you allow your emotions to get the best of you, you'll pay more, and in some cases much more, than the item may even be worth. To get the best deal possible on eBay, make sure you keep your emotions in check.

There is always another item to bid on

Virtually every item that is listed on an eBay auction will be listed again by someone else. That means there will be other opportunities to bid on an exact same or a similar item. Get an idea about how much your item sells for by looking in the “completed” auctions tab. This will give you a baseline figure about how much that item is usually selling for.

Once you know that price, temper your emotions and set your own price that you won't over bid. For example, let's say your favorite Beanie Baby usually sells for around $20 dollars. Use that figure as the highest figure you'll bid, then add on $2.00 in case someone punches in $20.00 ahead of you. This means that the absolute maximum you'll bid for that particular Beanie Bay is $22.00. No matter what, don't bid more than this, even if you are sniping at the end. If you lose it this time, try again next time. You will eventually get it at your price, or less, if you stick to this strategy.

Avoid bidding wars

Consider the alternative. If you let your emotions run wild, you may end up in a bidding war with someone else who is doing the same thing. Yes, you could eventually win the item, but the cost might be so high that it may not be worth it. And then, like so many bidders before you after winning, you'll be asking yourself, “Why did I bid so high?”

So remember, find out how much the item sold for, set the highest price that you want to bid on that item, and don't waver from your set price no matter what. To help you keep within your limits, you can use sniping software so you don't have enough time to increase your bid. If you lose the item this time, down the line you'll find it listed again, and then there is always that chance you'll get it for far less than even you could have imagined.