eBay and Why Auction is Not the Only Selling Option
Published November 17th, 2006
Three Main Ways to Sell
Surprisingly, not all eBay selling takes place by auction in the traditional sense of the word. There are in fact several selling methods, though for some you’ll need to have a specific minimum feedback level and/or sign a Bank Debit agreement to pay eBay’s fees.
The three main selling formats are:
Auction
This is the one most people are familiar with, where you list your item, state your opening bid price, choose whether to set a reserve, state how long the auction will run (1, 3, 5, 7, 10 days). It’s also the main method for new eBayers who are not allowed to use BUY IT NOW until they have ten feedback points or agree to pay eBay fees by direct debit
Buy It Now
This is where you state your price for the product, decide how many items to offer, and let people buy right away and pay by a variety of options. It’s also the preferred method of virtually every PowerSeller, especially those favouring dropship selling. It works like a dream.
Shop
This is your shop on eBay, a place where you can list hundreds or thousands of Buy It Now items for as little as 6p per item payable every thirty days. Shop rental is £6 a month at basic level, more if you want a little extra exposure from eBay. I have found the basic level is adequate and there are many ways to publicise your shop yourself which cost absolutely nothing. I’ll let you in on these ideas later. A minimum 20 feedback is required to open a shop.
A shop listing is particularly useful for anyone selling items within a common theme, such as doggy prints, as I do, which can feature in individual shop listings the likes of Poodle, Mastiff, Boxer, and so on.
In such a case an individual discovering your listing of rare prints of his or her favourite breed, will invariably visit your shop for a comprehensive listing of same breed items. At this stage he or she has almost forgotten about anyone else’s listings on eBay and is focusing almost entirely on you.
Other
Other selling formats exist such as Private Auction and Dutch Auction which are worth learning about when you have experience of eBay in general. And of course we’ll let you in on how to use them for maximum proit!Avril Harper is a UK based writer and eBay PowerSeller. For more articles about selling on eBay visit www.publishingcircles.com
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Surprisingly, not all eBay selling takes place by auction in the traditional sense of the word. There are in fact several selling methods, though for some you’ll need to have a specific minimum feedback level and/or sign a Bank Debit agreement to pay eBay’s fees.
The three main selling formats are:
Auction
This is the one most people are familiar with, where you list your item, state your opening bid price, choose whether to set a reserve, state how long the auction will run (1, 3, 5, 7, 10 days). It’s also the main method for new eBayers who are not allowed to use BUY IT NOW until they have ten feedback points or agree to pay eBay fees by direct debit
Buy It Now
This is where you state your price for the product, decide how many items to offer, and let people buy right away and pay by a variety of options. It’s also the preferred method of virtually every PowerSeller, especially those favouring dropship selling. It works like a dream.
Shop
This is your shop on eBay, a place where you can list hundreds or thousands of Buy It Now items for as little as 6p per item payable every thirty days. Shop rental is £6 a month at basic level, more if you want a little extra exposure from eBay. I have found the basic level is adequate and there are many ways to publicise your shop yourself which cost absolutely nothing. I’ll let you in on these ideas later. A minimum 20 feedback is required to open a shop.
A shop listing is particularly useful for anyone selling items within a common theme, such as doggy prints, as I do, which can feature in individual shop listings the likes of Poodle, Mastiff, Boxer, and so on.
In such a case an individual discovering your listing of rare prints of his or her favourite breed, will invariably visit your shop for a comprehensive listing of same breed items. At this stage he or she has almost forgotten about anyone else’s listings on eBay and is focusing almost entirely on you.
Other
Other selling formats exist such as Private Auction and Dutch Auction which are worth learning about when you have experience of eBay in general. And of course we’ll let you in on how to use them for maximum proit!Avril Harper is a UK based writer and eBay PowerSeller. For more articles about selling on eBay visit www.publishingcircles.com
