During the last quarter of 2004 I became a helpless eBay addict. I found
some things I wanted to sell, and soon thereafter I began my experiments.
After learning the ropes, I was $2500.00 richer and today I am still going
strong.
But selling is easy. It's the buying that's tough. Trying to compete for a
hot item, but still get it at a price you are willing to pay is a matter of
luck and timing, or so it would seem. Then I heard about sniping.
Simply put sniping is a form of automated bidding you control. You let the
sniping system know which item you are bidding on and how much you are willing
to pay for it. The sniping system then regularly polls the auction to see what
the current price and bid activity may be. Then in the final minutes of the
auction, the sniping system begins to bid in an automated fashion, in small
but steady increments, to try to win your auction at the lowest possible bid
within your maximum range.
Does it work? I think it depends upon the item. For instance, for weeks I
tried to win auctions on antique spectacles. You wouldn't think these would be
so hot, but they are, often fetching $50-$100 a pair. I did not want to spend
that much, and so I lost one auction after another.
Then I tried PowerSnipe,
and I won the second auction I competed in and I won at an extraordinarily low
price of only $2.85. I was thrilled.
To use PowerSnipe,
you need to open an account. They have a free 30 day trial, and then it
becomes billable on an annual renewal for about $45.00.
You simply enter the auction number from eBay and add the item
to your list. PowerSnipe
instantly fetches the current bid status and asks you to enter the maximum you
are willing to bid. My advice is plug in a reasonable but large number; PowerSnipe
will try its best to beat the price without spending the maximum bid you
enter.
When the bidding is over, PowerSnipe
will send you an email to notify you if you have been outbid or won the
auction. It's that simple.
Is PowerSnipe
worth it? It depends upon the frequency of your bidding and the popularity of
the item in question. If you have wondered how the bidding can change so
radically in the final minutes of an auction, sniping is responsible for this
activity. If you want to increase your odds of winning, PowerSnipe
may be what you are looking for. Click here
for more information.
Power Snipe
