How to buy Digital Cameras cheap and at a large discount
There is a nice fluid market for both new and after market
digital cameras on eBay. Digital Camera usage has grown
enormously over the past few years. Technology has reduced the
old film and developing almost to the archives. Quality cameras
ranging in price from well under $500 to over $2000 are
available. Professionals, amateur hobbyists and regular
households all seem to be acquiring cameras, often more than one
per household. The question becomes how can I acquire a digital
camera at the best possible price?
With a large volume of most models being traded everyday, this
is the ideal efficient market. One can study the dynamics of
this micro-market and determine some useful buying rules. With a
little more information than the rest of the marketplace, one
can almost certainly make some intelligent buying opportunities.
This article focuses on how to identify these gaps and often
purchase digital camera's for 20-40% below retail.
This article should be read together with my longer piece and a
web site, which produces the information required to identify
buying nuggets. Find the links and URL's to these two sites at
the bottom of this article. The niche site focuses specifically
and only on data from the digital camera market.
Most information on eBay focuses on the selling element, i.e.
how to sell your stuff. I have tended to specialize on the
buying end and trying to identify market opportunities and price
in-efficiencies to really capture excellent deals. To do this we
need to understand the dynamics of the eBay market place. Like
any other market it is supply demand driven, and like a large
flee-market if a buyer has knowledge of how many items are for
sale at what prices and how many other buyers are in the market,
then that buyer can capture the upper hand. Lets focus a little
more on supply.
The eBay supply dynamic is a little different in that supply of
an item must be seen at a point in time. In other words, because
auctions end at different times, one needs to grasp the number
of auctions ending in close proximity for the same item. This
gives you a feel for the supply of items or in our case cameras.
What makes this interesting is that today there could be a large
amount of auctions ending for a particular model, but next week
there could be very few. This is one element driving the price.
The demand side is slightly more complex and hidden from the
average eBay buyer. This is where that the web site I refer to
at the bottom has some useful data. Demand in eBay terms is
measured (by sellers) as a number of factors - how many people
view my auction, how many people ask questions, how many people
place me on their watch page, and how many people actually bid.
Obviously as we progress down this list the data become more
reliable as an indication of demand. Page views are not easy to
obtain, although some sellers place a publicly viewable counter
on their auction pages. Questions and watchers are available to
sellers, and the special web site mentioned below will expose
this information. Number of bids is available for all to see.
Now if we happened to produce a graph as the auction progresses
of the changes in the number of questions, watchers and bid's
one can easily see how the demand is changing as time
progresses. Typically if questions are high and watchers are
high, but bids are low, this may indicate some confusion and a
possible buy opportunity. If watchers are very high and
climbing, but bids are low, this can point to a last minute
bidding war, and a stay out indicator.
Armed with this information and also a quick summary of other
similar auctions ending soon, plus a quick feel for the skill
set of the seller and the current highest bidder, once can see a
picture very different from the average eBay buyer. Soon the
trained eye will observe some nice buying opportunities. For the
professional or amateur photographer this will soon bring in a
number of digital camera buys that are quite a bit cheaper that
retail. For example it is quite possible to find gems at 20-40%
of retail prices. Lets face it, most digital camera's perform
perfectly years after acquisition. Digital electronics seldom
degrade over time, so the aftermarket such as eBay is the idea
place to buy camera's cheaply.
Resources; How to buy a digital camera Digital Camera
bargains
Article by Malcolm Silberman and Education Specialist trained by
eBay, for a more lengthily discussion of this topic visit
http://bargainsfrom.us/how-to-buy-digital-cameras-at-a-discount-b
oth-new-or-used and to see Camera auctions with this value added
data visit http://digital-camera.bargainsfrom.us email him at
digital-cameraATmacsilber.com