Through the years, e bay has launched all kinds of different auction varieties, in an effort to offer people extra options when they purchase and promote their things on e bay. For every vendor who doesn't like the concept their merchandise may promote for a far lower cost than they intend, there's one other who needs to shift a whole bunch of the same merchandise quickly. E bay tries to cater to all tastes. This text gives you an outline of the completely different kinds of auctions and their advantages for you.
Normal auctions-these are the bread-and-butter of e bay, the auctions everyone knows: patrons bid, others outbid them, they bid again, and the winner will get the item.
Reserve auctions-reserve auctions are for sellers who don't want their products to sell for less than a certain value - an idea you will learn about for those who're aware of actual auctions. They work just like normal auctions on e bay, except that the buyer will likely be informed if their bid does not meet the reserve worth you set, they usually might want to bid again if they need the item. If no one is prepared to pay your value, then the auction is cancelled, and you retain the item.
Fixed 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 all together 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, e bay 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 more worth using reserve auctions for higher priced items and fixed price auctions for lower priced ones but remember that you can combine the two formats.
Multiple 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.
Now that you know about the various kinds of auctions, you should ensure that the objects you plan to sell don't violate e bay's listing policies.
Normal auctions-these are the bread-and-butter of e bay, the auctions everyone knows: patrons bid, others outbid them, they bid again, and the winner will get the item.
Reserve auctions-reserve auctions are for sellers who don't want their products to sell for less than a certain value - an idea you will learn about for those who're aware of actual auctions. They work just like normal auctions on e bay, except that the buyer will likely be informed if their bid does not meet the reserve worth you set, they usually might want to bid again if they need the item. If no one is prepared to pay your value, then the auction is cancelled, and you retain the item.
Fixed 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 all together 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, e bay 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 more worth using reserve auctions for higher priced items and fixed price auctions for lower priced ones but remember that you can combine the two formats.
Multiple 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.
Now that you know about the various kinds of auctions, you should ensure that the objects you plan to sell don't violate e bay's listing policies.
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