Discover 101 Ebay Tips and Tricks To Increase Your Profits
A Beginner’s Guide To The Different Ebay Auction Types.
Over the years, eBay has introduced all sorts of different auction types, 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 email gives you an overview of the different kinds of auctions and their
advantages for you.
These are the bread-and-butter of eBay, the auctions everyone knows: buyers bid, others
outbid them, they bid again, and the winner gets the item. Simple.
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.
Fixed Price (‘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
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