I m new to ebay what scams are out there

I have been looking at the possibility of doing some Ebay trading. And, since I have been on the Internet for a while, I decided that I should see what Ebay scams, if any, was floating about. Why? It is always good to be aware of the good, the bad, and the ugly of any online venture. And since, I’ve seen all sides – it’s wise to have cautious optimism.

Wholesale List Scam

With this scam, the wholesaler gives you a photo of say, a computer monitor or DVD – the buyer is under the assumption that they are buying a monitor or DVD, right? Wrong? You may only be buying a wholesale list. This is what they call a “bait and switch”. They are hoping that the individual is in a hurry or cannot read English well, and they blindly buy. Rule of thumb: read

everything before buying.

Note: Wholesale List scams are very common for monitors, laptops, camcorders, DVD players, flat screen televisions and mp3 players; cutting-edge electronic devices.

Fake Money Order

The buyer sends the seller a fake money order, a bad check – and the seller sends the item before the money order or check has been successfully cashed. Seller is out the item and the money.

Credit Card Chargebacks

The buyer pays with a credit card through Paypal. Once the buyer has received the item, the buyer initiates a chargeback. This is where the novice come in, if you do not have proof that the item was sent – you are out the money, the item, and you have to pay a chargeback fee. Rule of thumb:

Send your item through UPS, or certified mail to protect yourself.

Fake Escrow Scam

The scammer says that they want to buy your item, but they want to use an escrow service. The purpose of the escrow service is to add a layer of protection for the buyer. They will hold on to the money, and once the buyer has received the item from the seller, the escrow service will release the money to the seller. This is where the scam comes in – The buyer will request that you use the escrow service that they, so they say, have used with other transactions. The escrow service is a front – set up by the buyer.

Email Ebay Scam

The email Ebay scam – is an email that says it has come from Ebay. The email will state that it looks like your account has been compromised and they would like your to verify the information, for your protection, of course. Never click the link. Open a new Internet session and manually type the information to get into your account.

Other email scams, include the fake payment received email. You will receive a payment-received notice, that looks authentic, but be aware, it could have been sent by the buyer. Never send anything, until you have verified that the payment has been received and the info received is valid.

To conclude, when you are looking at any new venture, it is always good to do the research and be aware of what you may be up against. It hard enough to start any business – and you definitely don’t want anyone running off with your hard earned money. Being aware – can keep your business moving forward.

Tips for buying collectibles on ebay

Buying collectibles is one of the most enjoyable things to do on eBay, simply because you can find so many things that you just can’t get anywhere else. Here are a few tips to help you on your way.

Find your Category.

You’ll probably find that all the items you’re after are listed in a single category. Add this category to your browser’s Favorites, and keep coming back.

Look for Mistakes.

If you collect something, the chances are you know a lot about it. This can be your opportunity to make a mint from a seller’s mistake. They might not realise that they have a rare version of an item, or they might have left off the key information that makes it valuable. If you’re willing to email the seller and ask them a few questions about the item to confirm that it is what you think it is, then you should be able to buy items like these. You can then resell them at a big profit, if that’s what you want to do.

Don’t Always Believe Descriptions.

If you find something you haven’t heard of, and the description calls it ‘rare’, don’t assume that it actually is. Far too many sellers just put ‘rare’ into all of their descriptions – the chances are that the item is common and has just been described wrongly. Don’t bid unless you know what you’re buying.

Stalk Other Users.

When you collect something, you’ll probably notice that there are four or five sellers who seem to come up with consistently good items – and the same buyers buying them. Add their user pages to your Favorites, and check back often to see what they’ve got – or what they’re bidding on – that you might be interested in.

Don’t Get Too Attached to an Auction.

There are millions of items being listed every day on eBay – whatever you want, it’ll come around again, and if you don’t get it there are plenty more things to buy. This is similar to the golden rule of negotiating: always be prepared to walk away. If you can’t walk away, then expect to pay over the odds. There are few things so rare that another seller won’t have one to sell. Go and bid in a lower-priced auction, instead of getting into a bidding war in one that is already expensive.

Beware of the Postage.

If you collect lots of small things with a relatively low value, you might end up paying as much for postage as you do for each item. You should take these costs into consideration when you make your bid. Another good strategy is to always buy a few things at once from the same buyer, as they will almost always offer you a discount on the postage.

When you’re bidding, you might notice that some auctions go more slowly than others, going days at a time without any new bids. The next email tells you how to take advantage of these ‘slow’ auctions.

What you can learn from competing ebay auctions

If you’ve a savvy businessperson, the chances are you’ve already taken a look at your competitors’ auctions. What you might not have realised is just how much you can learn if you know what you’re looking for.

To begin with, don’t bother looking at listings that haven’t ended yet – you don’t know what’s going to happen with them. Instead, use the advanced search page to search for listings that sold. Just go to the advanced search page, type in the keywords that you know will find your competitors’ items, tick ‘Completed listings only’ and set the minimum number of bids to 1. Set it to sort by ‘Price: highest first’.

This will show you auctions competing with yours that have recently finished, starting with the ones that sold for the most (ignore any with prices in red – they didn’t sell). Go through and take a look, paying special attention to the following points:

Titles. What information do the top sellers of your item put in their titles, and what do they leave out? If your titles are very different to theirs, it might be time for a rethink.

Descriptions. You’ll probably notice that the highest sellers haven’t just copied text from the company’s website or an Amazon. com review – they’ve gone to the trouble of writing a little about the item, and about themselves. Learn from their example.

Pictures. I can almost guarantee you that the listing will have very nice pictures – not catalogue quality, but good enough to see what you’re getting. With items of any significant cost, you’ll probably find more than one photo from different angles.

Style. Is it written conversationally, or in terse businesslike language? The way you should write entirely depends on what the market seems to like – and the market seems to like what the top sellers wrote.

Time. It’s pretty easy to ignore this as a factor without meaning to, but pay attention to when the top selling items’ auctions began and ended. This might give you a few clues about the best to catch buyers who will bid highly on your item, and then you can schedule your items accordingly.

Price. If your competitors are selling using Buy it Now, you can see what the maximum is that they’ve managed to sell for recently, and set your own Buy it Now price slightly below that.

Shipping. Look around to see the sweet spot for shipping. If you can figure out a way to get your shipping costs lower than the highest sellers, then this is a great opportunity to differentiate yourself in the market.

Once you see what works, you can start to emulate your competitors – of course you can’t just copy them completely, but you can structure your auction similarly and make sure it includes the same information.

If you want your items to do even better, then start stocking the items in your category that are the most in-demand. We’ll show you how to tell what’s selling and what’s not in our next email.