Since there are so many different types of auctions on ebay it is important that a seller know about each one and be able to understand the differences. Since ebay is a huge website that offers millions of different auctions at any given time it is important that they be able to offer different types of auctions.
Keep in mind that all kinds of sellers are on ebay. There are those who are trying to make money and those who are trying to get rid of things. Ebay offers the opportunity for all sellers to be able to sell their goods whether they are trying to get rid of bulk items or trying to sell a precious item one at a time. Therefore ebay offers a number of different types of auctions. These auctions include:
1.Normal Auctions—These auctions are the typical standard auctions that are available and were the original platform for the ebay format. The rules to these auctions are simple and easy to learn. The first is to think of your minimum price when you list the item. Typically the minimum price should be 10 less than the price that you are wanting for the item. The first potential buyer has to bid at least this amount and then buyers can fight it out as they bid. The seller must sell the item to the winning bidder. In addition there is a time limit for which someone can have the bid.
2.Buy It Now Auctions—These auctions are different in that the buyer is able to immediately buy the item and not wait on the auction to end. There are a couple of different ways in which can offer this option. With the optional buy now button the buyer can avoid the auction and buy the item instantly. With this way the seller simply adds and option to the original auction listing. The seller also has the option to avoid the auction all together and to list the item with a sell now price without the option of the auction.
3.Reserve Auctions—There are sellers who are wanting to make sure that they are getting a specific amount of money for an item. How this works is that the seller picks a predetermined amount and if the seller has not reached the predetermined amount by the end of the auction then he does not have to sell the item. A seller must pay an extra amount of money with this type of auction.
4.Multiple Item Auctions—This is one of the most difficult types of auctions as it is something that is rare and not typically used. It is basically an option for a seller who has a multiple number of the same item for sale. With these auctions buyers bid on both price and quantity. These are the only auctions where there can be multiple different winners. Then the winning bidders get a bonus as they all get to pay the minimum winning bid for each of the items.
Author Resource:
If you’re interested in learning more about how to make money with ebay, or if you’re looking for other way to make money online please feel free to visit our website at http://www.101waystomakemoney.com
![[Valid RSS feed]](http://www.look4articles.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed
Print This Article
Add To Favorites
![[Valid RSS feed]](http://www.look4articles.com/images/rss.jpg "XML Feed For RSS")