Uncommon Auctions types on eBay

Introduction

eBay is an online auction and shopping website. It is an American based Internet company. This website was founded as AuctionWeb in San Jose, California, on September 3, 1995 by an Iranian computer programmer Pierre Omidyar.

On eBay, people and businessmen buy and sell a huge variety of goods and services worldwide. eBay has established its website in many countries. The original U.S based website, eBay has established localized websites in thirty other countries including India as well on March 25, 2005. There are many people accesses eBay website daily. The count is nearly 10 millions viewers. So, it is a very big market.

eBay also owns the other website and services like PayPal, Skype, StubHub etc. It is a well established Internet business company.

Auction is nothing but the selling of goods, property or service to the highest bidder. eBay provides you a platform for doing this job. And this article is about to describe the various formats for Auction on eBay.


Different Auction Formats on eBay

Most of the time, eBay users are stick to only two standard formats for sales on eBay, either they use “Regular” auction which involves bidding and waiting; and the other format is “Buy It Now” which is an instant buy.

And one more format is Dutch Auctions. It allows the seller to offer two or more identical items in the same auction. Bidders can bid for any number from one item up to the total number offered.

But I like to share with you all some other methods that are less well known.

1. Restricted Access Auctions

In this type of Auctions contains only “adult” items for sale. You must be above 18 years to access this Auctions. It is restricted for children which prevent them from seeing this kind of products.

To bid on these items, the buyer must be fulfilling the following criteria.

$ The buyer must be 18 years old.

$ The buyer must provide the credit card information to eBay. The reason behind this is that anyone who is less than 18 years old can’t get the credit card. So, the restricted all 18 years below from accessing these sections.

$ The buyer must agree that he is accessing restricted access auctions.

On eBay, the restricted auctions are excluded from the main pages. So, if you are a seller using this format then your listing will be harder to find.

2. Live Auctions

It is a very general and common type of Auctions. It is a traditional auction included the people sitting on the chairs and an coordinator who is controlling the auction is sit in front. Any buyer can participate in these live auctions. So, it is possible through eBay to participate these types of live Auctions. It is like virtual presence in the auction. In this type of auctions, products are very expensive and unique and uncommon.

To participate in live auctions, you have to be first register. If you like to know more information about this, please refer to the following web
Link.

http://www.ebayliveauctions.com

3. Private Auctions

It is just like a common auction but the difference is that, in this auctions the details of the bidders are kept secret. Only the seller has right to know the bidders identifications. Following are the reasons behind hiding the bidder identification.


$ To hide the cost of the product, generally many buyers don’t want to show their financial status.

$ To get the best price for his product, some sellers use private auctions to make it harder for their competition to snoop on them.

$ The buyers might be share the nature of the merchandise with others.

So, these are the well known auction formats which is mostly used on eBay which still accumulate millions of dollars in sale each year. You can consider any one of the format depending on kind of business you like to do.