AWOL - Ebay

My 'Ebay experience' was actually annoying. This was the first time I used the site to bid on something. At first I didn't know what to bid on, so for the hell of it, I bid on a pair of ballerina flats that were $19.99 (plus shipping).

I started to bid on the item on monday of last week. The bid was coming to a quick end, in about two hours. At first the shoes were being bid for $5.99-i bid higher, just in case someone were to overcome that bid. LITERALLY, one mintue later, I was out-bidded by some random person. I bidded again, 2 dollars higher than the previous bidder, and once again I was outbidded by the same person. I honestly was not going to wait around to hope that I win the bid, so I stopped trying to out-bid the person and went looking for the same pair, for just $19.99. I was the first bidder, and the aunction was going to last two days later.

To my surprise, after the two days, I won the bid. At the time I did not use any stategy to try to win a bid. I asked Tyler what he does to win bids, since he's been buying and selling off of Ebay since 8th grade. He told me to wait til the very last minute to place a bid, however when I tried doing that, somebody was still out-bidding me. It was annoying to the extent where I had to try to out-bid other people to get this one item. But after realizing that its a website where people actually get items for cheap, it hit explained to me why people spend some much time trying to find bargins--not that its a bad thing of course.

In my opinion, Ebay is one big analogy of capitalism and how little and big comapanies work. Within Ebay, there are sellers who are, I would say, have the most bidders and least amount of bidders-more demand than other 'companies', which plays a big role on how successful a person can be with selling their product. All of what people actually do to the product is cause inflation by constantly raising the price in the matter of hours. In any given situation of buying and selling, one can agree with the phrase, 'time is money'.