There is a nice liquid market for both new and after market digital cameras on eBay. Digicam usage has grown enormously over the last couple of years. Technology has reduced the old film and developing virtually to the archives. Quality cameras varying in price from way below $500 to over $2000 are available. Professionals, non-professional hobbyists and regular homes all appear to be acquiring cameras, often more than one per household. The question becomes how am I able to get a digicam at the absolute best price?
With a huge volume of most models being traded every day this is the best efficient market. One can study the dynamics of this micro-market and decide some helpful purchasing rules. With a little more information than the remainder of the marketplace, one can almost surely make some smart purchasing opportunities. This article focuses on the right way to identify these gaps and often purchase digital camera’s for 20-40% below retail.
This tract should be read together with my longer piece and a website, which produces the data required to spot purchasing nuggets. Find the links and URL’s to these two sites at the bottom of this manuscript. The niche site focuses especially and only on data from the digicam market.
Most info on eBay concentrates on the selling part, i.e. The simplest way to sell your stuff. I have tended to specialize on the purchasing end and attempting to identify market opportunities and price in-efficiencies to really capture wonderful bargains. To do that we want to understand the dynamics of the eBay market place. Like any other market it is supply demand driven, and like a giant flee-market if a customer has understanding of how many items are for sale at what prices and what quantity of other customers are in the market, then that buyer can capture the upper hand. Lets focus a little more on supply.
The eBay supply dynamic is slightly different in that supply of an item must be seen at the crossroads in time. To explain, because auctions end at different times, one has to grasp the amount of auctions ending in close proximity for the same item. This gives you an understanding of the provision of items or in our case cameras. What makes this fascinating is that today there might be a massive quantity of auctions ending for a selected model, but next week there may be few. This is one element driving the price.
The demand side is slightly more complicated and hidden from the average eBay buyer. This is where the web site I refer to at the bottom has some useful info. Demand in eBay terms is measured (by sellers) as several factors – how many people view my auction, what quantity of people ask questions, how many people place me on their watch page, and what quantity of folks really bid. Obviously as we progress down this list the information get more reliable as an indicator of demand. Page views are hard to obtain, although some sellers place a publicly viewable counter on their auction pages. Questions and watchers are available to sellers, and the special website discussed below will reveal this info. Number of bids is available for all to see.
Now if we happened to produce a graph as the sale progresses of the changes in the number of questions, watchers and bid’s one can simply see the way the demand is changing as time progresses. Often if questions are high and watchers are high, but bids are low, this may indicate some confusion and a likely buy opportunity. If watchers are extremely high and climbing, but bids are low, this could point to a spur of the moment bidding war, and a stay out indicator.
Armed with this information and also a fast outline of other similar auctions ending shortly, plus a quick feel for the skill base of the vendor and the current highest bidder, once can see a picture extraordinarily different to the average eBay consumer. Soon the trained eye will observe some nice purchasing possibilities. For the pro or greenhorn cameraman this may shortly bring in a bunch of electronic camera buys that are rather a lot less expensive that retail. For example it is kind of feasible to find gems at 20-40% of retail costs. Let us accept it, most digital camera’s perform fantasically years after acquisition. Digital electronics barely degrade over the course of time so that the O.E.M such as eBay is the idea place to buy camera’s cheaply.
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