ver the years, eBay has price - a concept you'll know
introduced all sorts of about if you're familiar with
different auction types, in real auctions. They work just
an effort to give people more like normal auctions on eBay,
options when they buy and sell except that you will be told if
their things on eBay. There are your bid has not met the reserve
many people who don't like the price set by the seller. If
idea that their item might sell no-one is willing to meet this
for a far lower price than they price, then the auction is
intend. Equally, there are people cancelled, and the seller keeps
who have hundreds of the same the item.
item and don't want to sell them
individually. This email gives You can spot these auctions by
you an overview of the different looking out for ‘Reserve not
kinds of auctions and how to spot met' or ‘Reserve met' written
them. next to the current bid on an
item's description page.
Normal Auctions.
Fixed Price (‘Buy it Now')
These are the bread-and-butter of Auctions.
eBay, the auctions everyone
knows: you bid, others outbid Buy it Now auctions can work in
you, you outbid them, and the one of two ways. A seller might
winner gets the item. Simple. add a Buy it Now button to a
normal auction, meaning that you
Reserve Auctions. can choose either to bid normally
or to simply pay the asking price
Reserve auctions are for sellers and avoid the whole bidding
who don't want their items to process. Some sellers, though,
sell for less than a certain now cut out the auction process
altogether and simply list all lowest price that was bid by one
their items at fixed price. of the winning bidders. If you
Recently, eBay added a twist to have trouble getting your head
fixed price auctions: the ‘best around that, then don't worry -
offer'. This means that you can everyone else does too! These
negotiate a price to someone who auctions are very rare.
offers their items using Buy it
Now, which could be a great way What is more common is when a
to get a bargain on things that seller has a lot of one item, and
don't seem to be selling. lists it using a combination of
two auction types: a
Fixed price auctions are easy to multiple-item fixed price
spot, as they have a little auction. This just means that
‘Buy it Now' logo either next they say how many they have, and
to or instead of the current offer them at a fixed price. You
number of bids on the search can enter how many you want and
listings page. then just click Buy it Now to get
them.
Multiple Item (‘Dutch')
Auctions. After all this, you might find
yourself facing a dilemma: when
These are auctions where a seller you have the option, should you
is selling more than one of a bid, or should you just use Buy
certain item. Dutch auctions can it Now and save yourself the
be done by bidding. Buyers bid a hassle? That's what the next
price and say how many items they email will be about.
want, and then everyone pays the
About the Author:
Kirsten Hawkins is an Ebay and internet auction enthusiast from Nashville, TN. Visit http://www.auctionseller411.com/ for more great tips on how to make the most from Ebay and other online auctions.
Read more articles by:
Kirsten Hawkins
Article Source: www.iSnare.com
