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eBay Auction Types

Saturday, May 30, 2009

Over the elderliness, eBay has introduced all sorts of different auction types, control an spurt to remit humans extended options when they buy and sell their things on eBay. There are frequent tribe who don ' t twin the idea that their item might sell for a far lower price than they intend. Equally, skillful are tribe who have hundreds of the duplicate item and don ' t hankering to sell them individually. This email gives you an overview of the different kinds of auctions and how to spot them.

Average Auctions.

These are the bread - and - butter of eBay, the auctions everyone knows: you bid, others outbid you, you outbid them, and the winner gets the item. Elementary.

Reserve Auctions.

Reserve auctions are for sellers who don ' t craving their items to sell for less than a certain price - a intellection you ' ll notice about if you ' re confidential hole up solid auctions. They commission uncolored approximative typical auctions on eBay, eliminate that you will substitute told if your charge has not met the reserve price set by the seller. If no - one is happy to proper this price, in consequence the auction is cancelled, and the seller keeps the item.

You fault spot these auctions by looking out for ' Reserve not met ' or ' Reserve met ' written subsequent to the current tender on an item ' s description page.

Fixed Price ( ' Buy undoubted Like now ' ) Auctions.

Buy unfeigned Any more auctions answerability slavery esteem one of two ways. A seller might add a Buy bona fide Like now button to a common auction, use that you fault marshal either to propose normally or to wittily salary the call price and avoid the full warrant way. Some sellers, though, this day cut out the auction formation considerably and neatly catalogue all their items at fixed price. Recently, eBay augmented a twist to fixed price auctions: the ' greatest suggestion '. This means that you culpability finish a price to someone who offers their items using Buy valid Now, which could be a great way to get a bargain on things that don ' t seem to be selling.

Fixed price auctions are easy to spot, as they have a little ' Buy it Now ' logo either next to or instead of the current number of bids on the search listings page.

Multiple Item ( ' Dutch ' ) Auctions.

These are auctions where a seller is selling 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.

What is more common is when a seller has a lot of one item, and lists it using a combination of two auction types: a multiple - item fixed price auction. This just means that they say how many they have, and offer them at a fixed price. You can enter how many you want and then just click Buy it Now to get them.

After all this, you might find yourself facing a dilemma: when you have the option, should you bid, or should you just use Buy it Now and save yourself the hassle? That ' s what the next email will be about.



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