Three Things You Need To Know About Ebay Online Auctions

By Leslie YC

This tips is for every seller who hates the fact of their merchandise selling for less money than they aim. Not everybody totally knows the many features on eBay. Here are a few different types of auctions you can use to sell your goods.

1) Standard Auction Formats

These are definitely by far the most widely used on eBay. Just anyone who may has traded an items on eBay understands this format. You just post an item, set up a based bid for it, and after that just wait for customers to come to you.

2) Auctions With Reserved Price

Reserve Auction Formats are for sellers who do not want their items to ended for under a certain price. These work exactly like regular auctions on eBay, except that the buyer will be told if their bid match the reserve price earlier set in place. If nobody is prepared to meet your reserve price, then that auction is canceled, and you simply keep your product without any further charge.

3) Fixed Price Auction Formats

These kinds of auction formats are only used if you want to sell something for one fixed price only. You'll be able to simply put in a Buy it now option to a standard auction also. This implies that buyers can choose either to bid normally or to simply pay the asking price and avoid the entire bidding procedure. Some sellers just simply cut out the auction process entirely and just list almost all their products at fixed price format. This lets you stay away from all the risks of the common auction format and just list your items for how much you want them to sell for.

Remember that sometimes this will turn many buyers away. They'll feel discouraged simply because that they are unable to bid lower than the fixed price. Most often the fixed selling price are usually higher as compared to what they may afford.

Recently eBay added in a twist to fixed price auctions called the best offer. Which means that buyers can contact you to be able to negotiate your price. The only disadvantage to reserve or fixed price auctions is that you need to shell out an additional upgrade fee to apply these formats.

The eBay auction site has been a highly successful website in comparison with others. Just remember to pick the best auction format for your listing.

About the Author:

Lester YC, a Platinum eBay Powerseller, invite you to visit his NEW site that he share with you about his Underground eBay Secret selling tips & tricks. You will learn how you can make money fast on eBay with his underground strategies in the next 2 hours.

Source: http://ivalnaz-advertising.blogspot.com/2010/08/three-things-you-need-to-know-about.html