Auction sniping – is to wait until the last possible moment before an auction closes to enter your bid, in the hopes of outbidding other sellers that don’t anticipate such a move. Auction sniping is not a violation of the eBay rules and is widely considered fair practice in auction bidding.
So why snipe? The main reason I am writing about this is to give you some tips on how to ‘auction flip’ by taking advantage of misspellings. This is a great strategy for purchasing items for very little and then resell them to make a profit! It can also be a great way to acquire inventory. It is also a superb way to obtain name brand clothing items for your own kids and then sell them later.
I suggest using a program such as typohound.com or fatfingers.com, there are many others also. Think of commonly misspelled words. For example you can check out: Hanna Anderson, Oilily, Gymboree, Baby Lulu – all of these are highly sought after brands. I like to look for my favorite brands, items that I know sell well, and even items that I prefer buying for my kids!
Make sure you do your research before you purchase ANYTHING, unless you already know from experience that it’s an item that sells well for you. I like Terapeak for eBay researching, but there are other programs that you can use also. Sometimes you can get enough information to make a decision about reselling or not, by using the eBay completed listings search. Once you have the search listings in front of you, sort by ‘ending soonest’ so that your turn around time is shorter.
Do not bid on anything just yet – doing so will only help to drive up the ending price. I suggest using a sniping program such as Gixel.com – unless you know you will be able to physically be at your computer to bid at the last minute. If you plan on bidding on numerous items, then you may want to use a sniping program to ensure you don’t miss out on any last minute bidding.
I’ve tried using SMS to my phone and proxy bidding, but it is much easier to use a program that does it all for you! Enter a price that you are comfortable paying and you’re done! Good luck and share any successes you have.