his article is for every the auction is canceled, and you
seller who hates the idea keep the item without any further
of their item selling for a charge.
lower price than they intend. Not
everyone fully understands the 3) Fixed Price Auctions
many features on eBay. Here are
the four different types of These auctions are only used when
auctions you can use to sell your you want to sell an item for one
items. fixed price only. You just simply
add a Buy it now button to a
1) Normal Auctions normal auction. This shows that
buyers can choose either to bid
These are by far the most popular normally or to simply pay the
on eBay. Almost everyone who has asking price and avoid the whole
sold on eBay recognizes this bidding process. Some sellers
format. You post an item, set up just cut out the auction process
a bid for it, and wait for the altogether and simply list all
customers to come to you. their items at fixed price. This
lets you avoid all the
2) Reserve Auctions complications of the auction
format and simply list your items
Reserve auctions are for sellers for how much you want them to
who do not want their items to sell for.
sell for less than a certain
price. They work just like normal Keep in mind that sometimes this
auctions on eBay, except that the will turn many buyers away. They
buyer will be told if their bid will feel discouraged due to the
does not meet the reserve price fact that they cannot bid lower
previously set. If no one is than the fixed price. In many
willing to meet your price, then instances the fixed price are
much higher than they can afford. Dutch and fixed price auction
formats combines. You can just
Just recently eBay added a twist say how many of the items you
to fixed price auctions known as have, and offer them at a fixed
the best offer. This means that price per unit. Buyers can enter
buyers can contact you in order how many they want and click buy
to negotiate a price. The only it now button to get them.
downside to reserve and fixed
price auctions is that you pay an The eBay auction site has been a
extra small fee to use these highly successful website in
formats. comparison to others. Just
remember to pick the most
4) Dutch Auctions appropriate auction format for
your items.
These are auctions where you can
sell more than one of a certain Copyright 2007 Donald Mckenzie Jr
item. Dutch auctions can be done
by bidding. Potential buyers bid
a price and say how many items
they want. Afterwards, everyone pays the lowest price that was type="text/javascript">
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