For a lot of people, one Memorial Day pleasure is hitting eBay to see whatsup.
There are all kinds of deals to be had, but what’s the really best way to get them?
After years of buying mostly ham radio equipment on eBay, here are my shopping tips:
1. Be specific what you want.
eBay is a powerfully addictive place. It’s like a cross between a high end fashion outlet, used car lot, and a surplus store…there’s something for everyone. In order NOT to allow your life to dribble out your wifi, it’s a good idea to be very precise in what you want.
Take ham radio, for example. I have several HF (worldwide-capable) stations, already. I don’t need anything, per se. BUT there is ONE piece of equipment I’d like to have and there’s a budget for it. It’s called a Johnson Pacemaker. A real “boat anchor” it is the size-match to the Johnson Thunderbolt amplifier I told you about a while back.
Once you get highly specific about what you’re looking for, the use of eBay gets a lot simpler. It’s no longer a “time sink.” It’s a mission.
2. One Complete Read, then New Listings Only
I got onto this when I noticed that I was spending (*wasting!) lots of time reading ads. Sure, sure. Fun…yeah. But in terms of measurable outcome? As in finding what I wanted and getting on with it? Not so much.
Now, when I need something, make ONE pass through all the listings and if I don’t see what I’m after, I look only at the NEW listings.
There are several reasons to do this: First, I found with highly collectible radio gear that the really good stuff never made it to the Ending Date – if it was a BIN (buy it now) item. It would be sucked within minutes of being listed.
Think of eBay as a goods “conveyor belt” – all the deals go in as New Listings – but some of the best deals are the just-listed BIN’s.
This is one a lot of people don’t have the patience for – and with my “Now, Now Now!” personality-type, it’s been a tough adjustment for me.
Take that Amplifier, for example. The BIN was $650, but it said “Or Best Offer.”
Since there were not a lot of people likely to be bidding (this is nichy stuff), putting in a low-ball bid ($300) and having it rejected, but then raising the bid to $400, the :deal came home.
A key bit of psychology here: If you make a lowball offer, and it gets rejected, wait a few days if the listing is a long one. If you counter right away, the seller will sense you really, really want it and are just trying to screw them out of a few shekels.
On the other hand, if you make a counter offer three or four days later, and it’s not much higher than your last offer, this raises a question in the mind of the seller. “Should I, or not….no one has used the BIN option, so maybe this won’t sell…” Use that to your advantage.
When people buy things, few ask for a discount. Because of this, people pay more than they need to. This kind of thinking is what causes people to pay too much for cars, for example.
One of the key lessons, if you read much about sales (and it’s in Trump’s The Art of the Deal) is that you should always be willing to walk away from any deal.
4.Use a Search Monitor
Since I know which category a Johnson Pacemaker will show up in (“Consumer Electronics”) it’s easy enough to head over to https://itemalert.com/ and set up a an email alert that will go off when the desired item is listed. Or, you can try https://itemalarm.com/ which does much the same thing.
The key thing with either is to be specific enough that you ONLY get an alert email if it’s something you really want. A Johnson Valiant transmitter (old school AM beast) would be fun, but I don’t need another radio. Be a connoisseur.
These are just some notes I’ve made over the years. Don’t waste your time with bid-sniping programs. Most of the time you will lose. If there’s something you want it’s much easier with an underpriced BIN or Make Offer listing. Or, and there’s a lot of this in the ham radio world, put in a realistic upper bid limit and that’s that.
Good luck! (And comments, as always, are welcome!)
Mostly done, now.
The charts are located two places now: On the bottom of all pages and posts.
Plus, there’s a new chart page in the menu structure. In addition to the Kitco charts on metals, this page has charts of the SPY and the Q’s that (should, knock on wood) update during market hours.
You will also see display ads. I’m using Google as a provider and they make the decisions about how many ads and spacing and such. This is something of a money-pit already, so having a little offset from the Google ads is a good thing.
OK, a quick check of markets and then off to light up the plasma cutter, the store, and looking at a welding table I found on Craigslist….maybe. We’ll see how time’s doing.
Write when you get rich,