Understanding The Different E Bay Auction Types

Understanding The Different E Bay Auction Types



Understanding the​ Different eBay 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 .​
There are many people who don't like the​ idea that their item might sell for​ a​ far lower price than they intend .​
Equally, there are people who have hundreds of​ the​ same item and​ don't want to​ sell them individually .​
This email gives you an​ overview of​ the​ different kinds of​ auctions and​ how to​ spot them.
Normal 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 .​
Simple.
Reserve Auctions.
Reserve 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 real auctions .​
They work just like normal auctions on eBay, except that you will be told if​ your bid has not met the​ reserve price set by the​ seller .​
If no-one is​ willing to​ meet this price, then the​ auction is​ cancelled, and​ the​ seller keeps the​ item .​
You can spot these auctions by looking out for​ 'Reserve not met' or​ 'Reserve met' written next to​ the​ current bid on an​ item's description page.
Fixed Price ('Buy it​ Now') Auctions.
Buy it​ Now auctions can work in​ one of​ two ways .​
a​ seller might add a​ Buy it​ Now button to​ a​ normal auction, meaning that you can choose either to​ bid normally or​ to​ simply pay the​ asking price and​ avoid the​ whole bidding process .​
Some sellers, though, now cut out the​ auction process altogether and​ simply list all their items at​ fixed price .​
Recently, eBay added a​ twist to​ fixed price auctions: the​ 'best offer' .​
This means that you can negotiate a​ price to​ someone who offers their items using Buy it​ 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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