 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Over the years, eBay has introduced all sorts of different types of auctions, in an effort
to give people more options when they buy and sell their things on eBay.
For every seller who doesn't like the idea that their item might sell for a far lower price
than they intend, there's another who wants to shift hundreds of the same item
quickly. eBay tries to cater to all tastes. This short article will give you an overview of
the different kinds of auctions and their advantages for an eBay entrepreneur like
yourself.
#1 - Normal Auctions
These are the bread-and-butter of eBay, the popular auctions that everyone knows:
buyers bid, others outbid them, they bid again, and the winner gets the item. Simple.
#2 - Reserve Auctions
Reserve auctions are for sellers who don't want their items to sell for less than a
certain price - a concept you'll know about if you're familiar with real auctions. They
work just like normal auctions on eBay, except that the buyer will be told if their bid
does not meet the reserve price you set, and they'll need to bid again if they want the
item. If no-one is willing to meet your price, then the auction is cancelled, and you
keep the item.
(article continued below)
to give people more options when they buy and sell their things on eBay.
For every seller who doesn't like the idea that their item might sell for a far lower price
than they intend, there's another who wants to shift hundreds of the same item
quickly. eBay tries to cater to all tastes. This short article will give you an overview of
the different kinds of auctions and their advantages for an eBay entrepreneur like
yourself.
#1 - Normal Auctions
These are the bread-and-butter of eBay, the popular auctions that everyone knows:
buyers bid, others outbid them, they bid again, and the winner gets the item. Simple.
#2 - Reserve Auctions
Reserve auctions are for sellers who don't want their items to sell for less than a
certain price - a concept you'll know about if you're familiar with real auctions. They
work just like normal auctions on eBay, except that the buyer will be told if their bid
does not meet the reserve price you set, and they'll need to bid again if they want the
item. If no-one is willing to meet your price, then the auction is cancelled, and you
keep the item.
(article continued below)
A Newbie's Guide to the Different Types of eBay Auctions
| Copyright © All Rights Reserved / HomeBizGalaxy.com / Xplosive Marketing Inc. - Terms of Use and Privacy Policy |
#3 - Fixed Price or "Buy It Now" Auctions
Buy it Now auctions can work in one of two ways. You can add a Buy it Now button to
a normal auction, meaning that buyers can choose either to bid normally or to simply
pay the asking price and avoid the whole bidding process.
Some sellers, though, now cut out the auction process altogether and simply list all
their items at fixed price. This lets you avoid all the complications of the auction
format and simply list your items for how much you want them to sell for.
Recently, eBay added a twist to fixed price auctions: the 'best offer'. This means that
buyers can contact you to negotiate a price, which could be a good way to get sell
some extra stock at a small discount.
The only downside to reserve and fixed price auctions is that you pay a small extra
fee to use these formats. In general, it is a better deal to use reserve auctions for
higher-priced items and fixed price auctions for lower-priced ones - but remember
that you can combine the two formats.
#4 - Multiple Item or "Dutch" Auctions
These are auctions where you can sell more than one of a certain item. Dutch
auctions can be done by bidding. Buyers bid a price and say how many items they
want, and then everyone pays the lowest price that was bid by one of the winning
bidders. If you have trouble getting your head around that, then don't worry - everyone
else does too! These auctions are very rare.
What is more common is when a seller has a lot of one item, and lists it using a
combination of two auction types: a multiple-item fixed price auction. This just means
that you can just say how many of the item you they have, and offer them at a fixed
price per unit. Buyers can enter how many they want and then just click Buy it Now to
get them.
Buy it Now auctions can work in one of two ways. You can add a Buy it Now button to
a normal auction, meaning that buyers can choose either to bid normally or to simply
pay the asking price and avoid the whole bidding process.
Some sellers, though, now cut out the auction process altogether and simply list all
their items at fixed price. This lets you avoid all the complications of the auction
format and simply list your items for how much you want them to sell for.
Recently, eBay added a twist to fixed price auctions: the 'best offer'. This means that
buyers can contact you to negotiate a price, which could be a good way to get sell
some extra stock at a small discount.
The only downside to reserve and fixed price auctions is that you pay a small extra
fee to use these formats. In general, it is a better deal to use reserve auctions for
higher-priced items and fixed price auctions for lower-priced ones - but remember
that you can combine the two formats.
#4 - Multiple Item or "Dutch" Auctions
These are auctions where you can sell more than one of a certain item. Dutch
auctions can be done by bidding. Buyers bid a price and say how many items they
want, and then everyone pays the lowest price that was bid by one of the winning
bidders. If you have trouble getting your head around that, then don't worry - everyone
else does too! These auctions are very rare.
What is more common is when a seller has a lot of one item, and lists it using a
combination of two auction types: a multiple-item fixed price auction. This just means
that you can just say how many of the item you they have, and offer them at a fixed
price per unit. Buyers can enter how many they want and then just click Buy it Now to
get them.
| Opt Out Anytime - Never any Spam! |
| Sign up for the "Red Hot" HomeBizGalaxy.com Ezine and Discover Insider Tips, Tricks and Techniques for Making More Money Online! |
| Subscribe Now! |
| Making Money With Ebay Offers |
| Special Offer - $1000 In One Week On eBay |
| Sign Up For The HomeBizGalaxy.com Ezine and Get A FREE Copy of "$1000 In One Week On eBay" |
Read this eBook and discover:
A hidden method to cash in on the eBay revolution
without the hassle of product fulfillment.
without the hassle of product fulfillment.
How to have virtually no competition and scoop up the
unclaimed money just waiting on eBay!
unclaimed money just waiting on eBay!
How anyone can make money with eBay regardless of
experience or computer skills.
experience or computer skills.
Plus much more...
| Subscribe Now & Claim "$1000 In One Week On eBay" For Free! |
| Opt Out Anytime - Never any Spam! |
