Which eBay Auction Type Makes More Money?

January 11, 2010 · Filed Under Making Money · Comment

Which Type of eBay Auction has the Most Profit Potential?

Once you’ve chosen what you’re going to sell on eBay, the next step is to choose how you’re going to sell it. There are basically two main types of auctions, although these can be further broken down. The two main types are the “Buy It Now” and the “Auction” options.

Buy It Now isn’t really an auction, but it allows people to purchase your product on eBay at a fixed price. The auction price allows people to bid – and after the bidding period ends, the highest bidder gets to buy your product. You may choose to list your product in such a way that it takes advantage of both of these options – so if people want to pay the “Buy It Now” price, they can just pay that and get the product, or they can bid and see if they wind up the highest bidder.

In order to sell an item on a fixed price or “Buy It Now” basis, you’ll either need to have a feedback score of 10, be ID verified, or accept PayPal as a payment processor and have a feedback score of 5. This is one of the many advantages of being ID verified. If you aren’t ID verified, you won’t be able to use the “Buy It Now” or “fixed price” option for your first sale. “Buy It Now” and “standard auction” refer to selling individual items in a listing; however you may also choose to sell multiple items in a single listing with “fixed price,” known as a “Dutch auction” or “lot” listings. Read more

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