How to Buy On eBay -1

Buying

Buying on eBay is new kind of experience. On eBay you can buy your items online. eBay provide multiple buying formats to make buying process easy.

Buying Format

There are various formats to buy items on eBay. You don’t need to participate in an auction at eBay to buy something. If you want to purchase something – you can find the item and buy it immediately. By using these buying formats buyers and sellers do business together efficiently. Each format has its own advantages and characteristics.

1. Auction format
2. Fixed price format
3. Advertisement format

Auction formats - It is a perfect way to pick up the items at a bargain price and uncover the secrets of the enchanted treasure through bidding. Auction format include following way of buying:

Auction-style Listing - These include Reserve Price Auctions and Private Auctions.

Second Chance Offer - Under certain circumstances, the seller can offer the item to a bidder other than the auction's winner.

Multiple Item Auction - Listing that offers two or more identical items.

Specialty Sites - eBay Motors.

Auction-style Listing-eBay’s auction style listing format is based on the traditional auction format, where bidders compete for Seller’s item for a fixed length of time and seller sells the particular item to the highest bidder.

Here are the basics of how an eBay auction-style listings work:

1. Search or browse to find an item you're interested in buying.

2. Review the entire listing and decide if you wish to compete in this auction. Some things to note are:

o When bid ends

o Current Bid amount.

o Item description

o If you have any doubt about the particular item you can always email the seller by clicking on the ask seller a question link on the listing page.

o Payment methods and shipping costs

3. When you place a bid, you're pledging to pay as much as the amount you've bid; in other words, it's your maximum bid. eBay uses a technique called proxy bidding, in which it will automatically raise your bid only enough to beat competing bids, but no higher than your maximum bid.

4. If you are the highest bidder when the auction ends, you win the auction. As the winner, you are obligated to buy the item for the winning bid price.

In eBay, auction-style listing includes:

o Reserve Price Auction

o Private Auction

o Reserve Price Auction-Some auction-style listings have a reserve price, a hidden minimum price, on their item.

How it works:

• The reserve price is the lowest price at which a seller is willing to sell an item.
• Buyers are not shown what the Reserve Price is
• If, reserve price was not met, seller cannot obligate in any way to sell an item.
• The winning bidder must meet or exceed the reserve price and have the highest bid.
• When you fill out the bid form at the bottom of the item screen showing your book, you enter the maximum amount
• Watch the label next to the current price to see whether the reserve price has been met. Until you see that the reserve price has been met, there have been no successful bids in the auction.
• Once the reserve has been met, the item will sell to the highest bidder when the auction closes.
• If your maximum bid is the first to meet or exceed the reserve price, the effective bid displayed will automatically be raised to the reserve price.