| eBay - the World's Online Marketplace - is | | | | advantageous since it will protect you from |
| the place to go when you want to buy or sell | | | | having to sell your item at too low a price |
| anything on the Internet. eBay lets its | | | | but can also be disadvantageous since it may |
| members sell items on the Internet via | | | | discourage buyers from bidding. The Buy It |
| Auctions, which entails bidding, and through | | | | Now Price, on the other hand, is advantageous |
| the Fixed Price Format, which means that | | | | for buyers who really want to buy the item |
| there is a set price for items on sale. eBay | | | | you are selling since there is no risk that |
| Auction is the more popular selling method | | | | they will be outbid if they automatically buy |
| between the two. | | | | the item. It is also advantageous for you as |
| | | | the seller since it can hasten the |
| Selling on eBay | | | | transaction since you don't have to wait for |
| | | | the bidding period to end. However, it can |
| When selling on eBay, whether it is through | | | | also be disadvantageous if there is much |
| eBay auction or the fixed price format, a | | | | demand for the item you are selling since |
| person has to first register to be a member | | | | having a Buy It Now price will limit the |
| and then create a seller's account. Credit | | | | amount bid even if some buyers might actually |
| card details or being ID Verified is needed | | | | be willing to bid beyond that set price.eBay |
| to create a seller account. The next | | | | charges the following fees to seller. The |
| requirement is a picture of the item to be | | | | Insertion Fee, Additional Option Fees, and |
| sold. This is required since most buyers want | | | | Final Value Fee. The Insertion Fee is a |
| to see what the item actually looks like | | | | non-refundable fee charged for each item |
| before buying anything. | | | | listed on eBay Auction. Insertion Fee ranges |
| | | | from $0.30 to $4.80. Additional Option fees |
| The next thing to do is to get your item | | | | are charged if you opt for additional |
| listed by clicking on the Sell Your Item | | | | features like the Buy It Now and if you want |
| button. After clicking on the button, be sure | | | | your item to be a Featured Item. The Final |
| to give all the necessary information such as | | | | Value fee is charged depending on the closing |
| the item category, the title, item | | | | price your item manages to garner after a |
| description, and the price, payment method, | | | | successful close at eBay Auction. |
| shipping costs, return policy, and payment | | | | |
| methods. For your item to have a greater | | | | Bidding on eBay Auction |
| chance of being viewed by more prospective | | | | |
| buyers you can list the item under more than | | | | To bid on an item in eBay Auction, click on |
| one relevant category. Another effective | | | | the item you wish to buy to get to the item |
| strategy would be to have a very specific | | | | page. You can then place a bid by simply |
| title that would most probably typed by | | | | clicking on the Place Bid Button found on the |
| prospective buyers as their search string. | | | | right side of the picture. In case there is |
| | | | no such button it means that the item can |
| To keep track of all your listings simply go | | | | only be bought at the set price and isn't up |
| to My eBay since it keeps track of all the | | | | for auction. When you place a bid the only |
| items you've sold and are currently selling | | | | price you will see is the starting price |
| along with all the bids made on them as well | | | | since the amount bid by other people will not |
| as all the items you have bid on and are | | | | be visible to you. Enter the maximum amount |
| currently bidding on. My eBay also has a | | | | you will be willing to pay for the item you |
| summary page, a favorites page, and your | | | | wish to purchase the click on the Place Bid |
| accounts page. As soon as the item is sold | | | | Button. eBay Auction will automatically |
| eBay will notify both the buyer and seller | | | | compare your bid with others and won't bid |
| through email. Make sure that you communicate | | | | the maximum amount you entered. Instead it |
| well with your buyer and notify the buyer | | | | will bid only what is needed to outbid the |
| that the item is being shipped as soon as you | | | | last bid. eBay Auction will do this |
| receive the payment. | | | | automatically until it reaches the maximum |
| | | | amount you entered or you win the bid. In |
| In case you plan to sell your item through | | | | case another buyer outbids you eBay Auction |
| eBay Auction there are three prices you need | | | | will send you a notification so that you can |
| to set before putting up the item n sale. | | | | enter a larger amount or at least know that |
| First is the Starting Price. The Starting | | | | you've been outbid. |
| Price is simply the price you want the | | | | |
| bidding to start. It is also usually the | | | | In case you are bidding on a Reserve Price |
| lowest price you feel that you can accept as | | | | Auction check whether the current price bid |
| payment for your item. Next is the Reserve | | | | has met the reserve price. If your maximum |
| Price. In case your starting price is lower | | | | amount has been reached but the reserve price |
| than the amount you are willing to accept as | | | | still hasn't been met then you know for sure |
| payment you need to set the Reserve Price. | | | | that you need to increase your bid since the |
| Having a reserve price means that if the | | | | item won't be sold until the reserve price is |
| bidding ends with the highest bid still lower | | | | met. |
| than the reserve price then your item will | | | | |
| remain unsold. This price is concealed from | | | | If you are nervous about bidding on an |
| buyers. | | | | expensive item keep in mind that eBay has |
| | | | measures to protect both sellers and buyers |
| Last is the Buy It Now Price. The Buy It Now | | | | from fraud. If you are simply nervous since |
| Price is the amount a buyer has to pay to get | | | | it is your first time try bidding on cheaper |
| the item you are selling without having to | | | | items first before going on to more expensive |
| bid. Both the Reserve Price and Buy It Now | | | | stuff. You can actually find items for less |
| Price are optional. The reserve price can be | | | | than $1.00 on eBay auction. |