The eBay platform provides sellers with three ways to list items, namely auction (Auction), fixed price (Fixed Price), and a combination of auction and fixed price. Sellers can choose the method of listing items according to their own needs and actual conditions, taking the first step towards low-cost, high-yield sales.
Auction, as the name suggests, is selling through bidding, and the highest bidder wins. This is a common sales method for eBay sellers. The seller sets the starting price and online time for the product. The buyer with the highest bid when the product goes offline is the winning bidder for the product, and the product can be sold at the winning bid price.
However, selling items in this way requires you to pay a certain percentage of listing fees based on the starting price you set. In addition, a certain percentage of transaction fees must be paid based on the final transaction price of the item.
1. Advantages of the auction method
Setting a lower starting price for the product can arouse buyers’ interest in active bidding. Continuous bidding can also bring success to sellers. Come with good profits.
In addition, the auction sales method can also increase the search weight of the product. Items that are about to end auctions in the product search ranking can obtain a higher ranking in the “Ending Soonest” product search ranking.
2. Situations when it is appropriate to choose the auction method
Selling items by auction is a low-cost, high-yield sales method. The following four situations are suitable for choosing the auction method. way to sell goods.
If you are unable to determine the price of the item yourself, but you want to sell the item quickly, you can use the eBay market to determine the price of the item through auction.
The products sold are very unique and difficult to buy, and there is demand for the items in the market, which can cause competition among buyers.
The items on sale have a high transaction rate and are usually sold after the items are posted.
If there are items for sale on eBay but no transactions have been completed in the recent period, you can use the auction method to improve the search ranking of the items when sorting them by “Items to End”.