Online Auction Articles Money on eBay and Other Online Auctions With our informative educational auction articles enjoy
Learning the eBay Auction Lingo
Date: Wednesday November 19, 2008
Do you have trouble sometimes understanding when people talk about eBay? Don't worry, some of the jargon is really obscure, and you can't be expected to understand it until someone's told you what it means. Here's a little list of some of the most useful lingo to know, but you don't need to memorise it - even the most common jargon is only used relatively rarely.
Words
Bid: telling eBay's system the maximum
price you are prepared to pay for an item.
Dutch: an auction where more than one of
an item is available.
Feedback:positive or negative comments
left about other users on eBay.
Mint: in perfect condition.
Non-paying bidder: a bidder who wins an
auction but does not then go on to buy the item.
PayPal: an electronic payment method
accepted by most sellers.
Rare: used and abused on eBay, now
entirely meaningless.
Reserve: the minimum price the seller
will accept for the item.
Shill bid: a fake bid placed by a seller
trying to drive up their auction's price.
Snail Mail: the post, which is obviously
very slow compared to email.
Sniping: bidding at the last second to
win the item before anyone else can outbid you.
Abbreviations
AUD: Australian Dollar. Currency.
BIN: Buy it Now. A fixed price
auction.
BNWT: Brand New With Tags. An item that
has never been used and still has its original tags.
BW: Black and White. Used for films,
photos etc.
CONUS: Continental United States.
Generally used by sellers who don't want to post things to
Alaska or Hawaii.
EUR: Euro. Currency.
FC: First Class. Type of postage.
GBP: Great British Pounds. Currency.
HTF: Hard To Find. Not quite as abused as
'rare', but getting there.
NIB: New in Box. Never opened, still in
its original box.
NR: No Reserve. An item where the seller
has not set a reserve price.
OB: Original Box. An item that has its
original box (but might have been opened).
PM: Priority Mail.
PP: Parcel Post.
SH: Shipping and Handling. The fees the
buyer will pay you for postage.
USD:United States Dollars. Currency.
VGC: Very Good Condition. Not mint, but
close.
The chances are that you'll find more specific jargon related to whatever you're selling, but it'd be an impossible task to cover it all here. If you can't figure one out from your knowledge of the subject, then type the term into a search engine, followed by the word 'ebay'. The chances are that someone, somewhere will have seen fit to explain it.
While it's good to be able to understand others' jargon, avoid using it unless you really need to (for example, if you run out of space in an item's title). Many people on eBay are not experienced buyers and you will lose them if you write a load of gobbledegook all over your auction.
"Thank you for reading ourOnline Auction articles. We have other Auction Articles you will enjoy here on this site as well, come back any time...you are most welcome".
DISCOVER Jim Cockrum's eBook "The Silent Sales Machine Hiding On eBay" will teach you how to make money on eBay even if your items ARE NOT selling Simply amazing...and simple..The number one book about e-bay Click Here
AuctionAds: Increase the bid on your site's income!
Free auction tools:
- Auction Typo - Find A Misspelt Bargain In Seconds
- Auction Lotsnipe - Free eBay Auction Sniper
- Auction Ad Creator - Free Auction Ad Generator
- Auction Venues - Free Auction Site Directory...
- AuctioneStores - Free eBay Stores Directory..
- AuctioneZone - Free Auction Articles...
- Auction Piccies - Free Auction Image Hosting
- Free Auction Templates - Create great looking auction templates & listings
- Feedback - Free eBay Feedback Display Tool
- Auction Typo - Find A Misspelt Bargain In Seconds