| If you have just started with selling on eBay or are | | | | However the listing will end successfully only when the |
| planning to start your entrepreneurship by selling on | | | | bid on the product is above the reserve amount set by |
| eBay you will find this article very useful. To start with | | | | the seller. If the highest bid amount is less than the |
| eBay you will need to know how to start listing on | | | | price set by the seller than the auction is termed as |
| eBay. Selling on eBay is not just about Auctions and | | | | failed and no bidder will win the product. |
| Bidding. There are different types of Listing other than | | | | For instance, if a seller is selling an iPhone on eBay, he |
| just traditional Auctions. We will explain in detail the | | | | would not like to sell it below the cost price of the |
| different types of Listing through which you can sell | | | | iPhone. The Seller wants to sell the phone only above |
| your product on eBay. There are many benefits of | | | | $150 or something then he can set the reserve the |
| other listing types which have their own place for | | | | reserve price to $150. If after the end of listing duration, |
| different types of products. | | | | the winning bid is $165 then the auction is termed as |
| Regular or Traditional AuctionseBay was originated | | | | successful however if the winning bid is $145 then the |
| with Traditional Auctions. For years it was the only | | | | auction is unsuccessful and there is no winner for the |
| type of listing available to sell the products. This unique | | | | product. |
| concept was the main reason for the success of | | | | The price of the Reserve Price Auction is same as |
| eBay. You can have your listing for one, three, five, | | | | that of traditional auction however eBay charges from |
| seven or ten day duration. At the end of the auction | | | | $2 - $100 depending on the category and amount you |
| the bidder who has made the highest bid will win the | | | | would like to have for reserve. It is a Win-Win Situation |
| auction. You have the option to start your auction with | | | | for both Buyers and Sellers. The seller sells the item |
| just one cent or your desired amount and your product | | | | above his minimum rate set and the buyer gets the |
| will end up providing good profit for you. The Price the | | | | item below the market price at attractive rates. |
| bidder bids will not just depend on the actual market | | | | Private auctions |
| rate of the product. It also depends on the desire of | | | | In this type of listing the seller has the option to list the |
| the bidder for the product. For Instance the first sell on | | | | item where in the buyer name and id will not be |
| eBay was of a broken laser pointer sold by Pierre | | | | displayed to the public. It has several advantages. For |
| Omidyar, founder of eBay. The buyer had made a | | | | instance if the seller is listing certain adult products or |
| considerable high bid than the new laser pointer. On | | | | something which a buyer would otherwise be hesitant |
| reconfirmation by Mr. Omidyar, the buyer confirmed | | | | to buy if his name is displayed, the Private auction |
| that he was a collector of broken laser pointer and | | | | comes to their rescue. It is also useful when the seller |
| hence made a bid of high amount to acquire the same. | | | | is selling wholesale items to other sellers. If a buyer has |
| This is the basic concept of Traditional Auctions and | | | | a product with flexible rates he can opt for the Private |
| the success secret of eBay. | | | | auctions. It retains the privacy of the bidders and other |
| Dutch Auctions | | | | bidders can't see how much the buyer is paying for |
| If you have your shop and want to sell your products | | | | the product. |
| online, Dutch Auctions are the ideal type of auction | | | | Fixed Price Listing |
| type to list your product. In Dutch auction type you can | | | | This is one of the most favorite types of listing for |
| place as many products you like and bidders can bid | | | | both the sellers and buyers. Since its introduction in the |
| on as many items as they like. The Interested bidder | | | | year 2002, more and more sellers have listed their |
| can bid any amount that is greater than the lowest bid. | | | | products for a fixed rate. It is nothing but a traditional |
| At the instance the total numbers of items that are | | | | style of buying and selling goods at a fixed rate. |
| required by the bidders are larger than or same as the | | | | Fixed Price listing is a boon for sellers who want to sell |
| items offered by the seller, each interested buyer will | | | | their product in the same way as in offline shop. These |
| be needed to bid an increment to the last winning bid. | | | | are for the Day to Day products like electronics, |
| All the buyers will be required to pay the same | | | | games, computers, digital products, lifestyle products |
| amount. | | | | etc. No more worries of getting your products sold |
| However this format was not successful and it has | | | | below your purchase price, No more waiting till the end |
| been eventually been discontinued since this year. | | | | of the listing duration to pick the winner. |
| Reverse Auctions | | | | This listing is useful even for Buyers. No more bidding |
| This Auction type is the most beneficial listing type for | | | | and waiting till the auction gets over. No more |
| the sellers who are selling expensive items and do not | | | | disappointment if your bid does not get chosen and |
| wish to take risk of having their item sold at a rate | | | | someone else wins the product you had wished for |
| lower than their desired amount. In this type of listing, | | | | very badly. The buyer just has to click on the buy now |
| the seller will set the item in auction type and have a | | | | button and make the payment accordingly. It's just this |
| reserved price of undisclosed price. The interested | | | | simple. |
| users will bid on the product just like the normal auction. | | | | |