Conclusion
To conclude this web essay, although eBay has been around for over 10 years now, it is still a new technology to a lot of people. eBay has and is continue to grow not only as a way to sell things, but as a way to communicate with others that under normal circumstances would not occur. Using eBay to sell and re-sell items will provide more of a potential profit simply because the site caters to a worldwide market, something that a real world garage sale just cannot do.
Tuesday, April 22, 2008
Gimmay Gimmay Mowah Gimmay Mowah Blog Stuff...
Feedback
eBay uses a feedback system that archives how smooth or rough past transactions went. A positive is represented with a green dot and can raise a user’s overall feedback percentage. Contrary to this a negative is represented with a red dot and lowers a user’s overall feedback percentage. A neutral is represented with a grey dot and neither helps nor hurts a user’s feedback percentage. Also eBay users earn different colored stars next to their feedback score depending on how much positive feedback he/she achieves as a buyer and/or seller. Naturally, most buyers and sellers prefer to get a positive feedback for every completed transaction instead of a negative, neutral, or no feedback whatsoever.
Although it is not mandatory, feedback is vital to tell others that use the site just exactly what kind of eBayer one exactly is. Furthermore, it is the final step in the re-selling process. Generally speaking, many sellers leave feedback after a buyer leaves it for them. While many buyers would expect feedback from a seller as soon as they pay for an item, a top 100 eBay reviewer tells why this should not be the case. Although the buyer may have paid for the auction and a seller shipped the item, the transaction should not warrant feedback just yet. A buyer must still keep in touch with the seller to let him/her know if there were any problems with shipping or if the right items were received. Once the buyer lets the seller know that he/she was satisfied through feedback, then the seller should return the gesture. This also prevents a seller from having their feedback from being held “hostage” from a fraudulent buyer. It is important for a seller to leave feedback last because eBay no longer allows buyers to receive negative feedback for a transaction and can only get eBay involved if a buyer is thought to be manipulating a seller.
In addition to the feedback system, the site has recently added the detailed seller rating structure. This gives sellers more of an incentive to satisfy buyers because after every completed transaction, buyers can anonymously rate a seller out of five stars on communication, item as described, shipping time, and shipping charges. Feedback is not only imperative in documenting that a particular transaction went well (or not), but in the case of re-selling an item, it builds a reputation as a seller.
eBay uses a feedback system that archives how smooth or rough past transactions went. A positive is represented with a green dot and can raise a user’s overall feedback percentage. Contrary to this a negative is represented with a red dot and lowers a user’s overall feedback percentage. A neutral is represented with a grey dot and neither helps nor hurts a user’s feedback percentage. Also eBay users earn different colored stars next to their feedback score depending on how much positive feedback he/she achieves as a buyer and/or seller. Naturally, most buyers and sellers prefer to get a positive feedback for every completed transaction instead of a negative, neutral, or no feedback whatsoever.
Although it is not mandatory, feedback is vital to tell others that use the site just exactly what kind of eBayer one exactly is. Furthermore, it is the final step in the re-selling process. Generally speaking, many sellers leave feedback after a buyer leaves it for them. While many buyers would expect feedback from a seller as soon as they pay for an item, a top 100 eBay reviewer tells why this should not be the case. Although the buyer may have paid for the auction and a seller shipped the item, the transaction should not warrant feedback just yet. A buyer must still keep in touch with the seller to let him/her know if there were any problems with shipping or if the right items were received. Once the buyer lets the seller know that he/she was satisfied through feedback, then the seller should return the gesture. This also prevents a seller from having their feedback from being held “hostage” from a fraudulent buyer. It is important for a seller to leave feedback last because eBay no longer allows buyers to receive negative feedback for a transaction and can only get eBay involved if a buyer is thought to be manipulating a seller.
In addition to the feedback system, the site has recently added the detailed seller rating structure. This gives sellers more of an incentive to satisfy buyers because after every completed transaction, buyers can anonymously rate a seller out of five stars on communication, item as described, shipping time, and shipping charges. Feedback is not only imperative in documenting that a particular transaction went well (or not), but in the case of re-selling an item, it builds a reputation as a seller.
Another chunk...1 or 2 more to go
Research/Marketing/Smart Selling
This section is designed to help ease the transition of re-selling an item on eBay after it has been purchased in the real world or on eBay. Selling on eBay can be tricky for first-timers and those who use the site infrequently, but the following information from the insights of internet experts and eBay users below could help maximize a potential profit in re-selling an item.
Before anything else, Kiersten Conner-Sax and Ed Krol who wrote “The Whole Internet: The Next Generation”, suggest that remembering to be honest and forthright can go a long way. Also, be sure to accommodate potential buyers' questions within a reasonable amount of time. Little things such as these will build a favorable reputation within the community as noted in the later feedback section.
One eBayer stresses the importance of researching what the product sells for on eBay.Understand competition helps drive prices down. See how many eBayers sell your product and find out the average price. Then decide if the estimated average price is worth the time and fees to put into posting a listing. The more items listed like the one being resold can give one an idea of what price it goes for, but it also gives buyers more choices in who to buy from. If the item being resold has no other sellers listing that product, it may or may not have a market for a buyer. Especially for items like these, the proper advertising is key.
Another eBayer, who is a top 1000 reviewer on the site, says that an item’s description must be perfect. Make the description stand out to include all the details. Describe the product as completely as possible while using abbreviations as well as the full word it represents. Include as much detail in the title as possible to get eBayers to notice the listing. The more detail there is in a description can result in more potential search views or “hits” for the overall auction.As apart of being an honest seller, include any imperfections with the product as it will prevent many problems in the long run. Also include a shipping cost or calculator and as many pictures needed to get all the details in. These factors will not only improve the potential search views and watchers for the item, but help the chances of receiving a positive feedback for the transaction.
In the final part to this section, a top 25 reviewer for eBay recommends timing the duration of the auction. To really get bidding wars on an auction, timing is essential. According to this eBay user, the most popular day to end an auction is Sunday, followed by Saturday then Friday. Seven day auctions suit best for many products, especially those that are not sold as much on eBay because it can generate more watchers and views from different time zones. On the other side of this, a researched item with a prominent market may be best to use the five or three day time span which are geared towards society’s mindset of want things right away. A hot item that will certainly command a higher price may be suited for a one day auction which attracts those with short attention spans. Also a buy it now or best offer option on prominent items would be a good appeal for those users with shorter attention spans and that would want an item right away. Try to end the auction around 10 p.m. Eastern time. This way it won’t be too late for watchers in the Eastern time zone to bid, and watchers in the Mountain and Pacific time zones will have plenty of time to bid since it would be early evening.
This section is designed to help ease the transition of re-selling an item on eBay after it has been purchased in the real world or on eBay. Selling on eBay can be tricky for first-timers and those who use the site infrequently, but the following information from the insights of internet experts and eBay users below could help maximize a potential profit in re-selling an item.
Before anything else, Kiersten Conner-Sax and Ed Krol who wrote “The Whole Internet: The Next Generation”, suggest that remembering to be honest and forthright can go a long way. Also, be sure to accommodate potential buyers' questions within a reasonable amount of time. Little things such as these will build a favorable reputation within the community as noted in the later feedback section.
One eBayer stresses the importance of researching what the product sells for on eBay.Understand competition helps drive prices down. See how many eBayers sell your product and find out the average price. Then decide if the estimated average price is worth the time and fees to put into posting a listing. The more items listed like the one being resold can give one an idea of what price it goes for, but it also gives buyers more choices in who to buy from. If the item being resold has no other sellers listing that product, it may or may not have a market for a buyer. Especially for items like these, the proper advertising is key.
Another eBayer, who is a top 1000 reviewer on the site, says that an item’s description must be perfect. Make the description stand out to include all the details. Describe the product as completely as possible while using abbreviations as well as the full word it represents. Include as much detail in the title as possible to get eBayers to notice the listing. The more detail there is in a description can result in more potential search views or “hits” for the overall auction.As apart of being an honest seller, include any imperfections with the product as it will prevent many problems in the long run. Also include a shipping cost or calculator and as many pictures needed to get all the details in. These factors will not only improve the potential search views and watchers for the item, but help the chances of receiving a positive feedback for the transaction.
In the final part to this section, a top 25 reviewer for eBay recommends timing the duration of the auction. To really get bidding wars on an auction, timing is essential. According to this eBay user, the most popular day to end an auction is Sunday, followed by Saturday then Friday. Seven day auctions suit best for many products, especially those that are not sold as much on eBay because it can generate more watchers and views from different time zones. On the other side of this, a researched item with a prominent market may be best to use the five or three day time span which are geared towards society’s mindset of want things right away. A hot item that will certainly command a higher price may be suited for a one day auction which attracts those with short attention spans. Also a buy it now or best offer option on prominent items would be a good appeal for those users with shorter attention spans and that would want an item right away. Try to end the auction around 10 p.m. Eastern time. This way it won’t be too late for watchers in the Eastern time zone to bid, and watchers in the Mountain and Pacific time zones will have plenty of time to bid since it would be early evening.
Thursday, April 17, 2008
Yep...Some More
Smart Buying in the Virtual World
The second path to the road of re-selling would be acquiring items through the virtual world. By virtual world we mean items that cannot be examined in person before being purchased, but rather seen and described by means of the internet and more specifically in this case eBay.
The good thing about buying virtually is that the selections are much more vast than in the real world because rather than buying in a certain location (ex. the closest mall or department store), one can buy something basically anywhere in the world. Much like a real world department store though, one uses reputation as a means of building trust in buying item(s) from a seller. A seller's feedback is located in the upper right section of an auction. Clicking on their name or number will lead to a page filled with more detailed feedbacks as to what other buyers and sellers have thought of past transactions with this eBayer. Watch out for any negative feedback as sometimes they could have been for minor things that could have been worked out or major things such as an item being reported as not received. Reading a seller's feedback will give one an idea as what to expect if he/she decided to deal with the seller. The more feedback the better.
One of the most important things regarding smart buying is knowing exactly what is being purchased. Know every detail about the auction and everything in the description. One eBayer gave a five step process as what details were vital to look for in an auction.
-Be aware as to where the seller ships. If one is buying from someone outside of the country make sure the auction states they ship internationally. If not, it is a good idea to message the seller about the issue and see what he/she can do to accommodate.
-Next one should read the description thoroughly as many of the words may not jump out at one look. Look for things like the condition of the item, any flaws, sizes, colors, and if it is in working condition or not.
-Pictures provide a better visual than one's imagination as to what the item looks like. Although it is better for an auction to include pictures, don't completely disregard the auction if it doesn't. Message the seller for any pictures and questions about the product if there is reasonable doubt or double check the seller's feedback to calm worries.
-Understand the seller's policies. Some sellers allow returns within a certain period of time while others have an "all sales final" policy. Also know the payment methods that sellers accept. Most sellers accept Paypal, which is an eBay affiliated site that transfers money from a buyer's bank or credit account to the seller's bank account. This is the most popular method of payment because of how safe it is. Sellers cannot see the buyer's information and everything is done virtually so nothing can be misplaced. Not only is it the fastest method of payment, but most auctions that accept Paypal offer a buyer protection policy (depending on how many feedback the seller has) from $200-$2000. Other methods that may be accepted are money orders and personal checks, which don't offer the same protection as Paypal. If a seller only accepts these payment methods instead of Paypal, use their feedback as an indicator of trust or message him/her ahead of time if they would be willing to accept Paypal.
-Finally, realize the shipping methods being used. Some are faster (more expensive) or slower (less expensive) than others. If both are offered, choose the one that best addresses one's needs.
Make sure to check out not only the auctions, but eBay stores for the best price as well. Stores offer a fixed rate as if one was buying from a department store. Also many items being auctioned off are from uneducated or inexperienced sellers. Some sellers do not even include what is being auctioned in the title for example this seller was auctioning an original Nintendo system, but never stated that in the title. The word “Nintendo” was only located in the description. The result yielded only 15 hits on a product that should have earned more. To find items like these, check the box that states search title and description under the search bar.
Being fully aware of your "virtual surroundings" so to speak within in an auction is certainly important in smart virtual buying. The next section will show how marketing and smart selling tactics on eBay are essential in the quest for getting the highest potential profit on an item.
The second path to the road of re-selling would be acquiring items through the virtual world. By virtual world we mean items that cannot be examined in person before being purchased, but rather seen and described by means of the internet and more specifically in this case eBay.
The good thing about buying virtually is that the selections are much more vast than in the real world because rather than buying in a certain location (ex. the closest mall or department store), one can buy something basically anywhere in the world. Much like a real world department store though, one uses reputation as a means of building trust in buying item(s) from a seller. A seller's feedback is located in the upper right section of an auction. Clicking on their name or number will lead to a page filled with more detailed feedbacks as to what other buyers and sellers have thought of past transactions with this eBayer. Watch out for any negative feedback as sometimes they could have been for minor things that could have been worked out or major things such as an item being reported as not received. Reading a seller's feedback will give one an idea as what to expect if he/she decided to deal with the seller. The more feedback the better.
One of the most important things regarding smart buying is knowing exactly what is being purchased. Know every detail about the auction and everything in the description. One eBayer gave a five step process as what details were vital to look for in an auction.
-Be aware as to where the seller ships. If one is buying from someone outside of the country make sure the auction states they ship internationally. If not, it is a good idea to message the seller about the issue and see what he/she can do to accommodate.
-Next one should read the description thoroughly as many of the words may not jump out at one look. Look for things like the condition of the item, any flaws, sizes, colors, and if it is in working condition or not.
-Pictures provide a better visual than one's imagination as to what the item looks like. Although it is better for an auction to include pictures, don't completely disregard the auction if it doesn't. Message the seller for any pictures and questions about the product if there is reasonable doubt or double check the seller's feedback to calm worries.
-Understand the seller's policies. Some sellers allow returns within a certain period of time while others have an "all sales final" policy. Also know the payment methods that sellers accept. Most sellers accept Paypal, which is an eBay affiliated site that transfers money from a buyer's bank or credit account to the seller's bank account. This is the most popular method of payment because of how safe it is. Sellers cannot see the buyer's information and everything is done virtually so nothing can be misplaced. Not only is it the fastest method of payment, but most auctions that accept Paypal offer a buyer protection policy (depending on how many feedback the seller has) from $200-$2000. Other methods that may be accepted are money orders and personal checks, which don't offer the same protection as Paypal. If a seller only accepts these payment methods instead of Paypal, use their feedback as an indicator of trust or message him/her ahead of time if they would be willing to accept Paypal.
-Finally, realize the shipping methods being used. Some are faster (more expensive) or slower (less expensive) than others. If both are offered, choose the one that best addresses one's needs.
Make sure to check out not only the auctions, but eBay stores for the best price as well. Stores offer a fixed rate as if one was buying from a department store. Also many items being auctioned off are from uneducated or inexperienced sellers. Some sellers do not even include what is being auctioned in the title for example this seller was auctioning an original Nintendo system, but never stated that in the title. The word “Nintendo” was only located in the description. The result yielded only 15 hits on a product that should have earned more. To find items like these, check the box that states search title and description under the search bar.
Being fully aware of your "virtual surroundings" so to speak within in an auction is certainly important in smart virtual buying. The next section will show how marketing and smart selling tactics on eBay are essential in the quest for getting the highest potential profit on an item.
Monday, April 14, 2008
Guess what? More blog
Sample Listing – Research from real world
The sample listing section is a demonstration for putting everything mentioned in this web essay to use. The route taken for this particular example was buying an item in the real world and researching its value in both the real world and through eBay. I've personally used all this information and was involved in a buy from the real world/re-sell on eBay situation as an example.
The buying process occurred at a Marshall’s department store. Many of the items here as you may or may not know are on clearance. I happened to find in the men’s clothing section an authentic NBA jersey. It was a size 56 New Jersey Nets home jersey for Alonzo Mourning. Since I collect jerseys I knew that the material was top of the line and considering that Alonzo Mourning no longer plays for the Nets and is a potential hall-of-famer, it is rare. I knew this type of jersey can typically run for $160 in retail stores and at the $19.99 price at Marshall’s I decided to purchase it and re-sell it on eBay.
Many people use eBay to find deals. I knew going in that I wasn’t going to get $160 for this jersey because through my personal research, although still slightly expensive NBA jerseys typically go for a little less than half of the retail price. I decided to do a five day auction but instead of create one for bidding, I created one for best offers. I set the buy it now price slightly high at $69.99 plus the shipping costs. Since at the time there were no authentic Alonzo Mourning jerseys being auctioned off at the time, I thought it was best to determine the value of this based on what people would offer for it.
I included the vital information in the title (name, size, and condition). Also I added a subtitle to catch the potential buyers’ attention to let them know I accept offers and would offer free shipping if the buy it now function was used. I took two pictures of the jersey (front and back) which unfortunately is unable to properly load for this web essay because it wasn’t a recent auction of mine. The description included a background on the quality of the jersey and the type of player Alonzo Mourning was. I also capitalized any word of phrase that I thought would jump out at a potential buyer. The auction resulted in 74 hits for a five day span and a best offer of $55 (shipping included). Considering the offer was made towards the end of the auction, I decided to accept it considering it was the only serious offer and that all in all, I nearly doubled my money.
The sample listing section is a demonstration for putting everything mentioned in this web essay to use. The route taken for this particular example was buying an item in the real world and researching its value in both the real world and through eBay. I've personally used all this information and was involved in a buy from the real world/re-sell on eBay situation as an example.
The buying process occurred at a Marshall’s department store. Many of the items here as you may or may not know are on clearance. I happened to find in the men’s clothing section an authentic NBA jersey. It was a size 56 New Jersey Nets home jersey for Alonzo Mourning. Since I collect jerseys I knew that the material was top of the line and considering that Alonzo Mourning no longer plays for the Nets and is a potential hall-of-famer, it is rare. I knew this type of jersey can typically run for $160 in retail stores and at the $19.99 price at Marshall’s I decided to purchase it and re-sell it on eBay.
Many people use eBay to find deals. I knew going in that I wasn’t going to get $160 for this jersey because through my personal research, although still slightly expensive NBA jerseys typically go for a little less than half of the retail price. I decided to do a five day auction but instead of create one for bidding, I created one for best offers. I set the buy it now price slightly high at $69.99 plus the shipping costs. Since at the time there were no authentic Alonzo Mourning jerseys being auctioned off at the time, I thought it was best to determine the value of this based on what people would offer for it.
I included the vital information in the title (name, size, and condition). Also I added a subtitle to catch the potential buyers’ attention to let them know I accept offers and would offer free shipping if the buy it now function was used. I took two pictures of the jersey (front and back) which unfortunately is unable to properly load for this web essay because it wasn’t a recent auction of mine. The description included a background on the quality of the jersey and the type of player Alonzo Mourning was. I also capitalized any word of phrase that I thought would jump out at a potential buyer. The auction resulted in 74 hits for a five day span and a best offer of $55 (shipping included). Considering the offer was made towards the end of the auction, I decided to accept it considering it was the only serious offer and that all in all, I nearly doubled my money.
More Blog Stuff (This one is good)
Sample Listing – Research from online
The sample listing section is a demonstration for putting everything mentioned in this web essay to use. The route taken for this particular example was buying and researching items through eBay. I’ve personally used all this information and did a buy/re-sell situation on eBay as an example.
First I had a need for a particular video game system cable. Rather than purchase a third party cable for roughly $5-$7, through research I found a seller who auctioned off three brand new first party cables for $9.95 (Researched Auction). First party brand items are those that are made by the original maker of the system whereas third party branded items are those that are made by companies outside of the original maker. I was the only one who bid on the auction and as a result I was able to win the auction without a fight.
Now I have the cable I needed as apart of a bundle for a separate future auction that I was planning, but I also have two additional cables that I have no need for. This is where the re-selling portion comes into play. I decided to use a five-day auction and sell each cable separately. For the first auction (1st eBay item), I earned $13.50 (shipping price included) and the second auction (2nd eBay item) I earned $11 (shipping price included). Both auctions included multiple bidders.
There are many reasons as to why my auctions were more successful than the auction I won. In analysis of the original auction, there were only 38 hits within five a five day period (This number is located right under the picture). Reasons for this could be the short description given as well as the lack of wording in the title (Ex. “Audio-video” instead of the more popular “AV”). Also, there’s a good chance many buyers searching for these cables may only need one rather than three.
For each of my auctions I received 79 hits and 98 hits respectively within five day periods. A reason for the higher number of hits on the second auction could be because a bidding war drove the price higher in the first auction sooner than in the second. Rather than auction them both at the same time which could compromise a higher priced auction, I spaced each out a week apart and had each end on a Sunday evening.
My description was also more thorough and also included a number of key words associated not only with the cable, but with different video games in general as well. The title included AV and RF (another form of the cable) to help assure more hits. The term audio/video was saved for the description. The picture of the item showed the front as well as the back of the item (as opposed to strictly the front in the previous auction). Although a little more time-consuming, this process helped me gain the cable I needed as well as make a small profit through using the information in this web essay.
The sample listing section is a demonstration for putting everything mentioned in this web essay to use. The route taken for this particular example was buying and researching items through eBay. I’ve personally used all this information and did a buy/re-sell situation on eBay as an example.
First I had a need for a particular video game system cable. Rather than purchase a third party cable for roughly $5-$7, through research I found a seller who auctioned off three brand new first party cables for $9.95 (Researched Auction). First party brand items are those that are made by the original maker of the system whereas third party branded items are those that are made by companies outside of the original maker. I was the only one who bid on the auction and as a result I was able to win the auction without a fight.
Now I have the cable I needed as apart of a bundle for a separate future auction that I was planning, but I also have two additional cables that I have no need for. This is where the re-selling portion comes into play. I decided to use a five-day auction and sell each cable separately. For the first auction (1st eBay item), I earned $13.50 (shipping price included) and the second auction (2nd eBay item) I earned $11 (shipping price included). Both auctions included multiple bidders.
There are many reasons as to why my auctions were more successful than the auction I won. In analysis of the original auction, there were only 38 hits within five a five day period (This number is located right under the picture). Reasons for this could be the short description given as well as the lack of wording in the title (Ex. “Audio-video” instead of the more popular “AV”). Also, there’s a good chance many buyers searching for these cables may only need one rather than three.
For each of my auctions I received 79 hits and 98 hits respectively within five day periods. A reason for the higher number of hits on the second auction could be because a bidding war drove the price higher in the first auction sooner than in the second. Rather than auction them both at the same time which could compromise a higher priced auction, I spaced each out a week apart and had each end on a Sunday evening.
My description was also more thorough and also included a number of key words associated not only with the cable, but with different video games in general as well. The title included AV and RF (another form of the cable) to help assure more hits. The term audio/video was saved for the description. The picture of the item showed the front as well as the back of the item (as opposed to strictly the front in the previous auction). Although a little more time-consuming, this process helped me gain the cable I needed as well as make a small profit through using the information in this web essay.
Sunday, April 13, 2008
Another part of Blog 11 (or 9 or 10 for that matter)
Strategies for buying in the Real World
There are two buying routes that one can take that leads to the road to re-selling. This section will talk about buying items in the real world. By real world we mean items that can can be seen and touched in person rather than purchased online based on a description.
Of course one can buy an item at a retail store for example and re-sell it on eBay. This strategy would work well on hot items such as a Nintendo Wii or hard-to-find items such as a chase piece to an action figure set. Also, it may be a good idea to scout out the clearance sections of different stores mainly because purchasing items on these racks are a lower risk/possible higher reward type of bargain. Chances are though, outside of these scenerios it won't make much of a profit due to the fact that the item being purchased at the retail store is more likely being purchased at regular price.
A different and more practical approach to buying the real world can be achieved by going to various garage sales. According to Suzanne Arant-Wells, an eBay Powerseller as well as an eBay consultant, although garage sales vary in items they are more than likely to be easier on the pocket than the retail store strategy.
She notes that timing is an important factor for this strategy. Garage sales should be searched for on places like craigslist (A Friday sale will usually make a post on Tuesday) and local newspapers. It is equally important to arrive as early as possible in order to get a better selection. The biggest difference from buying at department stores though is the ability to bargain. Retailers are looking to make a profit, whereas most people holding garage sales are looking to get rid of "junk" for a meager price. Although items at garage sales can be completely random, the potential reward more times than not can outweigh the risk.
(http://ezinearticles.com/?How-to-Find-Items-to-Sell-on-Ebay-at-Garage-Sales&id=654755)
There are two buying routes that one can take that leads to the road to re-selling. This section will talk about buying items in the real world. By real world we mean items that can can be seen and touched in person rather than purchased online based on a description.
Of course one can buy an item at a retail store for example and re-sell it on eBay. This strategy would work well on hot items such as a Nintendo Wii or hard-to-find items such as a chase piece to an action figure set. Also, it may be a good idea to scout out the clearance sections of different stores mainly because purchasing items on these racks are a lower risk/possible higher reward type of bargain. Chances are though, outside of these scenerios it won't make much of a profit due to the fact that the item being purchased at the retail store is more likely being purchased at regular price.
A different and more practical approach to buying the real world can be achieved by going to various garage sales. According to Suzanne Arant-Wells, an eBay Powerseller as well as an eBay consultant, although garage sales vary in items they are more than likely to be easier on the pocket than the retail store strategy.
She notes that timing is an important factor for this strategy. Garage sales should be searched for on places like craigslist (A Friday sale will usually make a post on Tuesday) and local newspapers. It is equally important to arrive as early as possible in order to get a better selection. The biggest difference from buying at department stores though is the ability to bargain. Retailers are looking to make a profit, whereas most people holding garage sales are looking to get rid of "junk" for a meager price. Although items at garage sales can be completely random, the potential reward more times than not can outweigh the risk.
(http://ezinearticles.com/?How-to-Find-Items-to-Sell-on-Ebay-at-Garage-Sales&id=654755)
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