The eBay world is filled with terms that every new seller must know to amake money on eBay. They are terms that must be learned before ever listing a single item. Mistakes can and will cost you sales and can turn profits into losses.
The first term is BID. While most will know this word before even starting on eBay, for others it is new. A BID is simply a statement to eBay regarding the maximum price that a prospective buyer is willing to pay for an item at that moment. A BID on an item that you have listed is an offer to buy for that price and no more. Needless to say, the more BIDs that you receive the higher the price that you will ultimately receive for your item.
To amake money on eBay you need anyone who has a winning BID to actually follow though and make payment to buy the item. Unfortunately, from time to time you will run into a bidder who fails to make payment. Those NON-PAYING BIDDERS don’t make payment and therefore do not make the purchase.
Once you’ve got these terms and their meanings down, learn more. There are many terms that you will see on eBay and other sites as well. Know the most used terms and their meanings will make it much easier to operate your eBay business. Knowing the most used terms and the meanings of these terms will take you one step toward the goal to amake money on eBay.
