if you need some advice on buying stuff on ebay then watch this video because
I'm gonna teach you the three different ways that you can buy things on eBay and
I'm gonna explain how they work now if you just found this channel I'm Jason
with honest finance and I make a lot of videos on different topics that'll give
your life and your finances more value so feel free to subscribe if you want to
or at least give this video a like and now let's start talking about how to buy
stuff on eBay now I've bought and sold a lot of stuff on eBay and I'll tell you
right now that it is so easy to buy stuff and it's not very complicated at
all there's really just three ways to buy things on eBay because you've got
the auction style you've got the Buy It Now and then you've got the best offer
which is built into the buy it now I'm gonna talk about all three of them but
let's start with the auction style because that's the one that we're most
familiar with honestly there's a lot of people out there that think that the
auction style is super complicated like a normal auction but it's not
complicated at all it's super easy because it's fully automated and eBay is
looking out for both the seller and the buyer so that they all get the best
value possible all you have to do is find an item that you want and then you
just tell a BAE what your max bid is that you're willing to pay for it so for
example if you are willing to pay a maximum of $500 for a computer then you
just tell a BAE that your max bid amount is 500 bucks and then you just leave it
at that and that's all you have to do because eBay is gonna do all of the
bidding for you automatically and keep in mind that if the next highest bidder
came in at like $400 for the computer you wouldn't have to worry about paying
the $500 that you preset because eBay is gonna help you out too you're probably
only gonna pay 401 dollars because that would be the next highest bit and that's
because like I said earlier eBay is looking out for the seller and the buyer
so they're gonna give you the best value for both parties so just because you set
the max bid at $500 that does not mean that you have to pay $500 for the item
and if you want a better chance of winning an auction then I would actually
set your max bid to an uneven number like 502 bucks because that way if the
average bidder sets it to $500 then you're gonna win because you're at 502
and also check when the auction ends and how many bids it currently has that way
you can see if you actually have a shot at getting a really good deal because
there's been quite a few times where I've found an item that only had like
two hours left on it and it didn't have any bids so I just made a low bid and I
am winning the item as an example I found
some leather snowboard gloves once with only like two hours left on the auction
and no bids so I just placed the lowest bid possible and I ended up winning them
for like 15 bucks there are a ton of really good deals on eBay but you're
probably gonna have to look at the less popular items because those are gonna
have the best deals and as far as the Buy It Now is concerned it just
literally means that you buy it now just like any other store in the world and
what's funny is that I actually sell everything on auction and then I usually
buy stuff as a buy it now I'm not really the type that likes to wait for stuff
and I'm sure a lot of you guys are like that too but honestly the auctions are
gonna have the best deals but buy it now is a lot more convenient and I know that
you Bay tries really hard to eliminate knockoff items but honestly if the price
is too good to be true then it probably is a knockoff item you want to
thoroughly check the items description its ratings and the sellers feedback if
you're gonna take that risk I mean honestly at the end of the day
eBay's got your back if you buy something and it turns out to be a
knockoff item but just eliminate that problem by checking these things before
you actually buy it if you are concerned about buying knockoff items then I would
just stick with the big reputable sellers on eBay that way you don't
really have to worry about anything now lastly you'll notice that a lot of Buy
It Now options actually have another option called a best offer which are
freakin sweet and this is because the best offer actually allows you to
negotiate with the seller up to five times to conclude the final price all
you have to do is just set the price that you want has a best offer and then
just wait until the seller either accepts it or counter offers it and then
move on from there and you can leave little notes when
you're negotiating so that it seems more personable to now keep in mind that if
an item does have a best offer attached to it then the Buy It Now price is
probably about 10% higher than it should be and that's just natural for the
seller to leave a little bit of a buffer if he's planning on negotiating it so do
not pay the Buy It Now price if it has a best offer because you're probably just
gonna be wasting money and another cool thing about the best offer is that if
you find items that are less popular than the sellers probably more desperate
to get rid of them and so you can snag those at really good deals just by
negotiating so try working on your negotiating skills and use the best
offer because it really is a cool feature but just remember that if you do
make an offer for the item you're under contract to buy it if the seller accepts
the offer now if he doesn't accept the for you're not obligated to anything but
I just wanted you guys to be aware of the rules so that you understand that it
is a contract if you make an offer so there you go that's how you buy stuff on
eBay once again I'm Jason with honest finance
and I make a lot of videos on different topics that will give your life and your
finances more value so feel free to subscribe if you want to or at least
give this video a like that's all