To succeed in anything you need to have the tools of the trade and selling on eBay is no exception. A buyer who sees a seller using eBay jargon will feel confident that they are dealing with a pro and be more inclined to place a bid. Here is a list of some of the more commonly used jargon on eBay today.
Words.
Bid: informing eBay of the maximum price that you rae prepared to bid on a product.
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 of course very slow indeed compared to electronic transfer.
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. This refers to an item that has never been used and still retains 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. It is not quite as heavily used as "rare" but it is getting there.
NIB: New in Box. Never even opened and still sits in its original pakage.
NR: No Reserve. An item where the seller has not set a reserve price.
OB: Original Box. A product that is enclosed in its original package (though maybe opened).
PM: Priority Mail.
PP: Parcel Post.
SH: Shipping and Handling. This is the fees a buyer will pay for the item to be posted to them.
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.
Whils it is an asset to understand other sellers jargon, you should not sprinkle your ad liberally with it. Many people on eBay are not experienced buyers and you will lose them if you write a load of gobbledegook all over your auction.
------
Discover the secrets to become an Ebay power seller in the new A-Z guide and power yourself into the 2% Ebay elite. The audio and transcript guide shows you everything that the elite use to generate a huge income selling on Ebay. Sign up for a free intorductory course at:
http://www.goodbyemoneyworries.com/ebaycashpoint/ebaysign.html
