eBay is an online auction and shopping website that allows people around the world to buy and sell goods online.
1. Conventional goods
Every day, millions of furniture, collectibles, computers, vehicles, etc. are listed, sold, and sold on eBay. Some of these goods are rare and valuable, while most of them may just be dusty and insignificant trinkets. These goods are often overlooked by others, but if they can be sold in a large global market, their value may rise sharply. As long as the goods do not violate the law or are on eBay’s prohibited sales list, they can be listed and sold on eBay. Services and virtual goods are also within the scope of the goods that can be sold. It is fair to say that eBay has overturned the smaller flea markets of the past, bringing buyers and sellers together to create a market that never rests.
Large multinational companies, such as IBM, use eBay’s fixed price or competitive auctions to sell their new products or services. Regional searches in the database make shipping faster or cheaper.
2. Profit Method
eBay charges a listing fee ($0.25800) for each auction and a transaction fee (7% to 13% of the transaction price) for each completed auction.