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Learning the eBay
Lingo |
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Learning the eBay "Lingo".
Do you have trouble sometimes understanding when
people talk about eBay? Don't worry, some of the jargon is
really obscure, and you can't be expected to understand it
until someone's told you what it means. Here's a little list
of some of the most useful lingo to know, but you don't need
to memorise it - even the most common jargon is only used
relatively rarely.
Words.
Bid: telling eBay's 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 auction's 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.
Abbreviations.
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 don't 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 you'll find more specific
jargon related to whatever you're selling, but it'd be an
impossible task to cover it all here. 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'. The chances
are that someone, somewhere will have seen fit to explain
it.
While it's 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 item's 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, you're well prepared for eBay life, and
you're probably ready to get started with that first auction.
In the next email, we'll show you how to dive in and get
started. |