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While it's good to be able to understand others' lingo, avoid using it unless you really need to (for example, if you run out of space in an item's title). Non-paying bidder: a bidder who wins an auction but does not then go on to buy the item. Do you have trouble sometimes understanding when people talk about ebay?Don't worry, some of the lingo is really obscure, and you can't be expected to understand it until someone's told you what it means. Mint: in perfect condition. Snail Mail: the post, which is obviously very slow compared to email. There are going to be ups and downs when you sell on ebay. Dutch: an auction where more than one of an item is available. Oh, and always use first class post - don't be cheap. 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'.If not or before you use it -It's worth sending a brief email when transactions go through: something like a simple "Thank you for buying my item, please let me know when you have sent the payment". Follow this up with "Thanks for your payment, I have posted your [item name] today". Also, are you checking your emails?Remember that potential buyers can send you email about anything at any time, and not answering these emails will just make them go somewhere else instead of buying from you. As you think about what to sell, there are a a couple of matters to look at. I advise you get using it asap. If you have any special terms and conditions (for example, if you will give a refund on any item as long as it hasn't been opened), then you should make sure these are displayed too. That's the only foolproof way to protect your reputation. Bid: telling ebay's system the maximum price you are prepared to pay for an item. Do you follow up?It is worth sending out an email a few days after you post an item, saying "Is everything alright with your purchase?I hope you received it and it was as you expected.An ebay Seller's Checklist. If you get serious about ebay but don't have a camera, then you will probably want to invest in one at some point. You will be surprised how many problems you will avoid just by communicating this way. Anyone can sell on ebay, if they believe in themselves - and if you do decide it's not for you, then the start-up costs are so low that you won't really have lost anything. Do you monitor the competition?Always keep an eye on how much other items the same as or similar to yours are selling, and what prices they're being offered at. Out of the things you know enough about, you should then consider which things you could actually get for a good enough price to resell, and how suitable they would be for posting. PayPal: an electronic payment method accepted by most sellers. Learning the ebay "slang". Here's a little list of some of the most useful jargon to know, but you don't need to memorise it - even the most common lingo is only used relatively rarely. If you can think of a "physical" product of that you are experienced with and it's small and light enough for postage to be comparatively cheap, then that's great!Don't worry if you think

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Auction software is application software, that can either be deployed on a Web server for online auctions or as stand-alone software for live auctions, that handles all aspects of conducting an auction. It provides the ability for users to post items for sale in an auction format as well as the ability to bid on those items.

The most well known purveyor of online auction software is possibly Ebay, Inc. out of San Jose, California. Ebay was the first company to popularize the notion of conducting an auction over the Internet. The auction software that Ebay uses is proprietary and not available to the general public.

In 1995, Virginia inventor Thomas Woolston was awarded key US Patents for a series of inventions introducing the online auction marketplace. In 2000, after eBay contacted Woolston and his company, MercExchange LLC, to buy the patent portfolio, the auction giant balked. Woolston and his partners sued and won a 2003 guilty verdict in a Virginia federal court; the jury awarded $25USD million of damages. MercExchange pressed to have eBay shutter infringing operations, but eBay appealed the ruling all the way to the Supreme Court of the United States. The highest court ruled in 2006 that an injunction on eBay's operations was not required nor automatic, but that the Virginia judge had the discretion to enter the injunction. In late 2006, the case was returned to the Virginia court for an injunction and settlement negotiations between the two parties began in January 2007. In July 2007, the U.S. District Count assigned the case denied the motion for a permanent patent injunction against eBay. Judge Jerome Friedman stayed further proceedings on an additional eCommerce related patent until the U.S Patent and Trademark office has time to reexamine the validity of the patent granted to MercExchange. Judge Friedman publicly stated that MercExchange "has utilized its patents as a sword to extract money rather than as a shield to protect its right to exclude or its market-share, reputations, goodwill, or name recognition, as MercExchange appears to possess none of these."

A number of firms specialize in providing commercially available online and live auction engines. Some of these firms will customize the software to target the specific requirements of various vertical markets.


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