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