Do you have trouble sometimes understanding when people talk about eBay? Dont worry, some of the jargon is really obscure, and you cant be expected to understand it until someones told you what it means. Heres a little list of some of the most useful lingo to know, but you dont need to memorise it even the most common jargon is only used relatively rarely.
Bid: telling eBays 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 auctions 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.
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 dont 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 youll find more specific jargon related to whatever youre selling, but itd be an impossible task to cover it all here. If you cant 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 its 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 items 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.
By now, youre well prepared for eBay life, and youre probably ready to get started with that first auction. In the next email, well show you how to dive in and get started.
About the author:
Kirsten Hawkins is an Ebay and internet auction enthusiast from Nashville, TN. Visit http://www.auctionseller411.com/for more great tips on how to make the most from Ebay and other online auctions.