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Guide to the Different 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 vendor who doesn't like the thought that their item might trade for a far lower marketplace cost than they mean, there's another who wants to switch hundreds of the same item tight. eBay tries to provide to all tastes. This email gives you an overview of the distinct kinds of auctions and their advantages for you. Normal Auctions. 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 influence. Simple. Reserve Auctions. Obscure 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 de facto auctions. They work just like normal auctions on eBay, except that the buyer entrust be told if their bid does not meet the disguise price you set, and they'll need to bid further if they want the makin's. If no - one is prepared to meet your price, therefore the auction is cancelled, and you keep the plug in. Singular Price ( 'Buy it Now' ) Auctions. Buy it Now auctions can toil connections solitary of two ways. You can add a Buy it Now button to a normal auction, essence that buyers can choose either to bid normally or to simply pay the begging charge and avoid the whole bidding process. Some sellers, though, now cut out the auction process altogether and neatly list unitary their items at fixed cost. This lets you wink at all the complications of the auction format and tidily index your items for how much you want them to cede for. Recently, eBay added a twist to fixed charge 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 insufficient overpass. The unrivaled downside to lie low and fixed value auctions is that you pay a scrubby spare fee to use these formats. In general, it is more worth using reserve auctions for higher - priced items and regular profit auctions for lower - priced ones - but remember that you can collection the two formats. Multiple Item ( 'Dutch' ) Auctions. These are auctions where you albatross parcel out exceeding than unparalleled of a certain item. Dutch auctions can be done by bidding. Buyers bid a amount and break silence how many items they want, and then everyone pays the lowest expense that was bid by one of the winning bidders. If you have trouble getting your foot around that, then don't worry - everyone else does too! These auctions are special unusual. What is more common is when a seller has a lot of one item, and lists it using a formation of two auction types: a labyrinthine - item local price auction. This equal means that you can equal say how many of the antecedent you they have, and submission them at a fixed price per unit. Buyers can enter how many they want and then fair-minded click Buy it Now to get them. Now that you know about the different types of auctions, you should cause sure that the items you plan to parcel out don't violate eBay's listing policies. The next email will rent you know what's allowed and what is a humungous no - no.