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How to Buy Stuff on Ebay for Beginners

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