Did you know that eBay had started with auctions? Although over the years fixed-price listings have gained its own popularity, auctions have still not lost their touch!
Listing in auction-style format works well if you want to let buyers decide what your item is worth. When you list an item for sale in an eBay auction, you choose a starting price, and interested buyers place bids. When the auction ends, you sell to the highest bidder. Remember – starting price is the minimum price at which you are willing to sell the item – so you need to make sure that you set it right.
Benefits of auction format:
- Under the auction format you can choose whether your auction should run for 1, 3, 5, 7, or 10 days
- Unsold auctions may be automatically relisted
- You can add a Buy It Now price to an auction listing, and it will be shown until the first bid is placed
- Auctions allow you to set a reserve price - Setting a reserve price means that unless bids reach the reserve price, there is no sale. If the highest bid does not meet this price, you're under no obligation to sell the item to the high bidder.
Want to know more about listing formats – then visit our seller center by clicking the following link:
https://sellglobal.ebay.in/seller-center/listing-types-durations/
Regards,
eBay INCBT Team
