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3 Unusual Formats For Auctions On Ebay
By Sydney Johnston, Sat Dec 10th
eBay users are accustomed to only two "standard" formats forsales on eBay: either the 'regular' auction which involvesbidding and waiting; and the Buy It Now, which is an instantpurchase. But there are three other formats that are less well known. 1. Live Auctions
Before eBay, the traditional auction included live bodies inchairs and an auctioneer up front (talking so fast he wasfrequently unintelligible). Any buyer can still participate inthese live auctions via eBay. Live auctions are a hybrid - abuyer is 'sort of' present in a live setting yet is at homeusing an Internet connection. The products for sale are usually expensive and unusual. Thereare such items as expensive and unique coins, Asian art, nativeAmerican artifacts, incredible jewelry, costly furniture,memorabilia from major sports stars and even history. Today, forinstance, there are documents signed by John Quincy Adams,Andrew Jackson, James Madison and Ulysses Grant (he confidesthat he was strenuously opposed to the "wicked" war with Mexico). If you choose to participate in a live auction, be certain thatyou register first because you can't just drop in on a whim. You can find all the details here:http://www.ebayliveauctions.com 2. Private Auctions Private auctions are similar to the typical auction that we'reall familiar with except for one detail - the identities of thebidders are kept secret. Only the seller has access to the names. Why would anyone create a private
auction? It's usually for oneof three reasons: * The item is quite expensive and buyers might be uncomfortablehaving others know they can afford such merchandise. Theirconcern about their financial status is most likely misplacedbecause it is quite possible to distance yourself from eBaycontact information, but much of selling is about perception. * The buyers might be embarrassed by the nature of themerchandise. * Some sellers habitually use private auctions to make it harderfor their competition to snoop on them. 3. Restricted Access Auctions This is usually for sales of "adult" items. The main purpose isto prevent children from seeing this kind of merchandise, and issimilar to having covers on racy magazines at store checkouts. To bid on these items, the buyer must: * Be 18 years old * Must have supplied credit card information to eBay.The theoryis that no one under 18 can get a credit card and thereforecannot get into these sections. * Agree that he is voluntarily accessing restricted accessauctions In addition, restricted auctions are excluded from the Featuredpages. So if you are a seller using this format, your listingwill be harder to find. Even though they are less well known, these three formats forauctions on eBay still account for tens of millions of dollarsin sales each year. If they suit your business model, you mightconsider them. About the author:Learn how to sell on eBay with 16 hours of online instructiontaught by a 10 year eBay veteran. Own an eBay business insteadof an eBay hobby. http://www.auction-genius-course.com |
