Every day thousands of ebay auctions end without receiving a single bid, and many of these auctions are for valuable items that have a starting bid of $1 or less.
Why so low? Because lots of ebay sellers like to start their auctions off with a ridiculously low price with the hope that a bidding war will ensue and drive the price way above the item’s actual value.
Sometimes this strategy works, and sometimes it doesn’t. It’s a gamble, and the sellers know it. That’s why you shouldn’t feel guilty if you end up snagging a $50 item for 50 cents.
How do you track down these super bargains? Well, as luck would have it there is a very cool website for that:
LastMinute Auction tracks down and lists only auctions that meet two very specific criteria:
1 – The current bid price must be $1 or less.
2 – The auction must be scheduled to end in one hour or less.
Once you log in to the site you can either scroll through all the auctions that meet those criteria or search for auctions offering items in a specific niche. For example, as I’m writing this a search for the term USB lists several pages of items that plug into a USB port that are currently going for $1 or less.
One caveat to watch out for: Some ebay sellers will list relatively low cost items at $1 or less, then make their profit by charging exorbitant shipping and handling fees. Luckily, the shipping fee for each item is displayed right along with the price so avoiding those auctions is quit easy.
Of course I wouldn’t hold my breath while hoping to pick up a new laptop for 75 cents, and there is no guarantee that an item you’re interested in will still be a bargain by the time the action actually closes.
But that being said, there are plenty of decent bargains to be found by using Lastminute Auction. If you enjoy shopping on ebay, why not give it try?
Bonus tip: This post offers several tips for selling obsolete computer gear on ebay.
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