How Does eBay Work?

How does ebay work?

You can either trade in auctions or in the ‘buy it now’ format.

Here’s how each works:

Selling Item On eBay

If you want to sell in an auction you can choose how long the auction runs – from 3 days to 10 days. You then list your item by writing a title and description and upload a photo.

You decide when the auction starts and you decide what the starting price is. You can also choose a reserve price if you want to ensure your item doesn’t sell well below it’s value.

To sell in the ‘buy it now’ format you do all of the above steps except you don’t choose a starting price, you simply put the selling price.

When the item sells the buyer sends you the money or pays online. You then send the item.

Ebay take a percentage which varies according to the starting price of your item and the final selling price. Other than that the profit is all yours.

So, you can make money on ebay quickly and relatively effortlessly. After all it only takes 5 to 30 minutes to list one item, and if that sells for a good price (say $20 - $50 profit) that’s a good income.

How many items could you list each week?

This is just a brief summary of what's involved. Make sure you check out the links at the bottom of this page to find out more about selling item on ebay.

How To Buy On eBay

How does eBay work for buyers? If you want to buy on ebay you simply type into the search box what you are looking for. Pages of relevant items will then be displayed for you to browse.

You can choose to view the items starting with either the lowest price or highest price first. You can also choose whether you want to view items being sold in auctions, or ‘buy it now’ format.

If you choose the aution format you can then choose to view the items that are selling soonest. That way you can spot some real bargains.

For instance if an item is selling in 2 minutes and has no bids, and it’s starting price is 0.99 you could be in luck. Chances are, you could be the only person who bids, so you will ‘win’ that auction.

However if the item you want has 20 bids, and minutes left till the aution is over, you may miss out as the bids can come fast in the final minutes of an auction.

That’s the very basics of how does ebay work.

If you want to sell on ebay there’s lots more you need to know so, just follow the links below for lots of useful information to help you sell successfully.

Click here for ALL the top information about making money on ebay

Go from How does ebay work to Using ebay to make money - lots of tips to help you sell successfully

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