eBay Auction Sniping
Sniping auctions is when you wait until the last few seconds of
an auction to bid. Bidding at the last moment does not allow other
bidders to raise their bids. Also, when you snipe you do not let
others know you are interested in bidding on the auction.
Being an auction sniper can save you considerable money. I have
seen auctions where bidders engage in a bidding war and bid back
and forth against each other. I have also seen auctions where someone
bids early in the auction, then someone else comes in and bids in
ten dollar increments until they beat the earlier bid.
As an auction sniper, you don't have to worry about another bidder
coming in and bidding the auction up. There is no time for additional
bids.
Here Is An Example I Found On Ebay
| This is a great example.
The high bidder (Bidder 1) bid four times to protect his
bid when others outbid him.
Look at the top four bids. If Bidder 1
was an auction sniper at bid at the end of the auction,
Bidder 2 would have been the high bidder at $65 and would
not have bid $70. Bidder 1 would have bought this for 66
dollars and saved $5 by sniping.
From looking at this the high bid could
have been much less because there was lots of incremental
bidding from the same bidders. Bidders 1, 2, 3, 4, 5 and
7 all bid more than once for this item. This is insane.
This auction was for a common item I regularly
sell for about 30 dollars. I did a search on eBay and found
5 auctions for this same item that ended within two weeks
of this auction. The lowest selling price for one in similar
condition was $23.88. The highest selling price was $34.00.
The average selling price for this item in similar condition
was 29.00.
Yet, here is the same item selling for
$71.00. Any of the bidders on this auction could have searched
eBay and purchased one of the other ones listed at the same
time for about $30. Instead they let emotion drive them
and over paid. By bidding at the last minute, you remove
the emotion. Being an auction sniper makes good sense. |
|
Auction Ended Jul-13-03 17:00:00
| Bidding
History (Highest bids first) |
| User ID
|
Bid Amount
|
Date of
Bid |
| Bidder 1 |
$71.00 |
Jul-13-03 15:14:42 |
| Bidder 2 |
$70.00 |
Jul-13-03 09:21:17 |
| Bidder 1 |
$65.00 |
Jul-12-03 18:52:29 |
| Bidder 2 |
$65.00 |
Jul-13-03 09:20:47 |
| Bidder 3 |
$51.99 |
Jul-11-03 20:12:30 |
| Bidder 1 |
|
Jul-10-03 21:14:11 |
| Bidder 3 |
$47.99 |
Jul-11-03 20:12:00 |
| Bidder 3 |
$43.99 |
Jul-09-03 18:32:38 |
| Bidder 4 |
$40.00 |
Jul-08-03 08:28:02 |
| Bidder 1 |
$39.00 |
Jul-06-03 09:34:44 |
| Bidder 4 |
$38.00 |
Jul-08-03 08:27:49 |
| Bidder 5 |
$35.00 |
Jul-05-03 20:21:22 |
| Bidder 1 |
$28.00 |
Jul-05-03 19:55:01 |
| Bidder 5 |
$25.00 |
Jul-05-03 20:21:05 |
| Bidder 6 |
$20.00 |
Jul-04-03 15:10:30 |
| Bidder 7 |
$5.00 |
Jul-04-03 15:42:28 |
| Bidder 7 |
$3.00 |
Jul-04-03 15:42:10 |
| Bidder 8 |
$2.00 |
Jul-04-03 05:43:56 |
| Bidder 9 |
$1.00 |
Jul-03-03 22:23:29 |
|
Auction Bid Sniper Facts
You cannot snipe an eBay auction if you do not know what you are
willing to pay. Then again, if you do not know the value of something,
you should not be bidding anyway. You should always check to see
what other items are available on eBay, and search completed auctions
to get an idea of what similar items sold for. Failure to check
for other auctions is the biggest reason for over paying on eBay.
Back when I first started sniping auctions, I would sit at the
computer and manually bid about 20 seconds before the auction ended.
This was a hassle. I kept a calendar so I could keep track of the
bids. I had to make sure I was at home so I could bid.
A few times I forgot to check my calendar, and missed bidding
on items I wanted. Once, I lost my Internet connection just as I
was setting up the bid and lost an item I wanted for my collection.
There had to be a better way.
Auction Sniper Programs
Auction sniper programs are a better way. There are sites that
will automatically submit your bid in the last 10 seconds of an
auction. I have been using different sites for years. They are easy
to use and very reliable.
With a sniper program, you set up the snipe and the software does
the rest. Your computer doesn't even need to be on. Now I go through
the auctions I want to bid on and set up snipes every few days and
let the programs do my bidding for me.
Auction Sniper Program Review
Below is a list of eBay auction sniper sites. I tested most of
these auction sniper programs and have ranked them based on my experience.
Some of the sites have browser add ons. These are toolbars you
add to Internet Explorer in order to make sniping easier. I did
not install browser add ons. While the sniper toolbars make sniping
easier, I do not install programs to my computer because of the
chance of screwing up my computer.
Some of the sites will send a notice when a snipe you set up will
not beat the current bid amount. This will allow you to raise your
snipe to a higher level. Some of them will send you an email after
the auction ends telling you the result of your bid. I prefer to
set up a snipe and then walk away.
Choosing An Auction Sniper Service
Some of these sites charge flat fees for monthly or yearly time
periods, others charge a percentage of the bid amount whenever you
win an auction with their service. If you buy lots of items or buy
a expensive items using a snipe program that charges a percentage
will cost you more than one of the flat fee sniper services.
All of the auction sniper programs I tested correctly submitted
the bids within the last few seconds of the auction.
Auction Sniper Sites
Justsnipe
This is my new favorite. Up to five snipes a week are free.
If you need more than five snipes a week, it's only five dollars
a month. That makes it the cheapest snipe program available. Doesn't
rely on browser add-ons, but instead uses a simple bookmark button.
Even if you are not familiar with putting bookmarks on your toolbars,
the process will only take a few minutes. extremely easy to learn.
ESnipe
Charges 1% of the final auction amount for all successful bids up
to a maximum fee of ten dollars per auction. Percentage based services
seem to be more expensive in the long run unless you buy cheaper
items.
AuctionBlitz
A neat feature of this system is it will track a group of snipes
and when you win one automatically cancels the others. This is a
great feature if you want to buy software or a movie or something.
Payment through paypal only. Must agree to payment terms before
the free trial period begins and they will charge your paypal account
after the trial period unless you cancel. $16.99 a year. Use discount
code OAA to get a discount if you sign up.
Bidnapper
This is more expensive with prices ranging from 5.50 a month to
$39.95 a year. Has some interesting features like the shadow. This
allows you to watch what others are bidding on. I thought this would
be a good feature, but it does not remove duplicates. Still a neat
feature. Ten day free trail. My trial expired before I could check
all the services. This seems like a great service. Price is a bit
higher than others, but the shadow feature might be worth the extra
money.
SnipeRight
Browser add on for use only with Microsoft Internet Explorer. NOT
TESTED. Seems to be 19.95 for the software. No mention of per bid
pricing or annual fees. I could not find a way to ask questions
without registering. Not recommended.
StealthBid
Charges a percentage of the final bid amount on auctions you win.
Not tested. Reliability unknown.
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