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ebay

 
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How come they are selling products like this for only 6pounds or so ??
http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=2940081386&category=30012
Is it the whole cost of the product ?
Is it safe to bid on listing like this ?
Could some one please explain the trick behind this ?
 
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Originally posted by Balaji Loganathan:
Could some one please explain the trick behind this ?


Very simple. The seller has many EBay IDs. By the end of the bid, he would himself take the bid high enough for him to make a profit, using his innumerable IDs.
/Sara
 
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Originally posted by Sara Jahan:

.. he would himself take the bid high enough for him to make a profit, using his innumerable IDs.
/Sara


But, in that case, he would owe ebay some commision on the transaction! I thought they normally set-up a reserve price for an item, and according to eBay, if a reserve price is set, seller wont have to actually respond to the bid, if its below the reserve price. (that is, no deal, no commision).
IMO, setting a very low starting price is just another smart eBay technique to get buyers attention. Once a potential buyer sees the an item listed at a very cheap price, he/she would normally go in and read the description (which would be very detailed and attractive, ofcourse!), and start bidding on it. Once buyer places a bid, eBays 'out-bid-notice' itself will keep the buyer chasing the item, and ultimately, bringing it a profit rage for the seller.
 
Paavam Payyan
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When you bid on eBay, always check how professional the seller is - one easy way to check this is his feedback. Sellers with good feedback means they are more professinal to doing business in eBay and are more likely to respect their claims, and the deal.
Still, eBay always is a dangerous place - sort of 'shark infested waters'.
 
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But, in that case, he would owe ebay some commision on the transaction!
Yes (I think) - but this is preferable to selling the item at too low a price.
I thought they normally set-up a reserve price for an item, and according to eBay, if a reserve price is set, seller wont have to actually respond to the bid, if its below the reserve price. (that is, no deal, no commision).
I thought so too. But maybe the seller feels it's a better hook to interest people, if it looks like there's no minimum. Personally I dislike those auctions with an invisible reserve price; I'd much rather they just set the starting bid appropriately and quit wasting my time. But I can imagine that a seller wishing to attract my interest anyway might want to make it look like there's no minimum price. And even if I ultimately bail out before the minimum price is reached, my bid may make the item appear more interesting to other bidders. That's my guess anyway.
 
Balaji Loganathan
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Thanks for the inputs!..
Hi pavvam payyan!..
how are you!.. after loooong time i'm seeing ur post.
Hope you are posting with different name
 
Paavam Payyan
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Just surviving, Balaji. Yeah, I used to post under my real name (this obviously is the dodgy ID), but I used to login with real name from work, and this ID from my laptop.
Now, I am out of work (company close down - kicked out everyone one evening!), I am browsing from home, dial-up connection, connection error, disconnections, jobsites, consultant emails... aaah, life!!
Regards,
PP.
 
Balaji Loganathan
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Originally posted by Paavam Payyan:

Now, I am out of work (company close down - kicked out everyone one evening!), I am browsing from home, dial-up connection, connection error, disconnections, jobsites, consultant emails... aaah, life!!
Regards,
PP.


I'm sorry to hear this, I wish you good luck to find a new job asap.Lets hope the good.
 
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Originally posted by Paavam Payyan:
Now, I am out of work (company close down - kicked out everyone one evening!), I am browsing from home, dial-up connection, connection error, disconnections, jobsites, consultant emails... aaah, life!!
Regards,
PP.


Where are you right now ??
 
Balaji Loganathan
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Originally posted by Ravish Kumar:
Where are you right now ??


I don't know why ravish asked this, but I too wanted to ask the same to let you know that if you are in India now, the possiblity of getting job is much higher than what it was!, May be ravish knows more abt it since he is in blore now.
PP,You once told me that you were in Ireland.
 
Paavam Payyan
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I am still in Ireland.
Thanks for the concern and regards guys, but I am just back from interview for a Contract position, and I am bit hopeful. Rates have gone down, and now I am being offered 60% of what I used to charge in 2000, but then hey, a job is a job!
Thanks again guys! Heard Sun is recruiting in B'lore. Any one fancy working for THE ONE!
 
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