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THE BEGINNER’S GUIDE TO THE DIFFERENT EBAY AUCTION TYPES

Posted by ebayprofitmaster on January 26, 2010

There are many different types of auction available on Bay.

I will now explain them in this post, to help get you selling with eBay, and making money online.

Normal Auctions.

You place a bid, other people outbid you, you might bid again, and the eventual winner is whoever bids the highest amount and therefore wins the item.

Reserve Auctions.

If you are a seller who does not want an items to sell for any less than a given price, then you will use a reserve auction ( or if you do not want to pay the reserve auction fee simply set a starting price you are happy with. The only problem with this is that you cannot benefit from having a low starting price to entice your bidders, so you have to decide what you want to do)

The bidders are told if their bids do not meet the reserve price you set, and they will need to bid again if they still want the item. If nobody is prepared to meet your reserve price, then the auction ends without a winner, and you keep the item.

Buy it Now or Fixed Price listings.

You can place a Buy it Now button on a normal auction, meaning that buyers have the choice of either bidding normally or paying your asking price and avoid wasting time with the whole bidding process.

You can of course just have a buy it now listing.

Some sellers simply list all of their items at a fixed price, which allows them to list their items for the price they actually want to sell them for.

Another variation on the buy it now listing is the best offer listing format.

This allows buyers to contact you to negotiate a price.
(They enter their best offer price, and you have 48 hours to decide to accept or decline it. you can set everything automatically if you wish. any offer below a certain price will be automatically declined, and any offer above a certain price will be automatically accepted)

You will pay extra fees to use all these formats.

Consider it more worthwhile using reserve auctions for those more valuable items and fixed price auctions for those of a lower value, but as I said above, you can combine the two formats.

you will see lots of multiple item fixed price listings.

This is where you will enter how many of the item you want to sell, and enter the price you require per unit.

A Buyer simply enters how many they want and then clicks on the Buy it Now button and makes payment to get them (you can request immediate payment by paypal if you like, which I recommend, so that your item is still listed on eBay up until the time that your buyer actually makes payment)

Now that you are aware of the different types of auctions, you need to make sure that your item does not violate eBay’s many listing policies.

In my next posting I would like to let you know what is and is not allowed on eBay.

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