Saturday, September 6, 2008

How Does Ebay Auction Work For A Buyer

Writen by Donny Lowy

EBay wants its buyers and sellers to register with eBay. This simple process takes no more than 10 minutes to complete (one has to have credit card for this purpose). Once you have registered yourself with eBay, you can now start bidding or buying from eBay.

The buyer should go to home page of ebay.com and start looking for the products he is interested in purchasing. Alternatively, one can browse the products portfolio through search function provided. When a particular product of interest is ascertained, the buyer will have a list of all the products from different sellers on the page. Buyer can sift through the listed products on display, and decide the one he is interested in and finds the value.

Each product on the list will have a minimum price to bid on with increments in the bid price. There will also be a reserve price for the product. Once the buyer places a bid amount on the product of interest, his bid will becomes the maximum bid unless other buyer places his bid for the same product. This bidding goes on till the end time of the bid (which ranges from one day to 10 days). If your bid happens to be the maximum bid amount, you are selected as the winning bidder. One you have been selected, you will receive an email from eBay for the product you have placed bid on. You have to effect the payment through the specified route, and you will receive the product through the specified shipment mode. That's it to eBay.

Donny Lowy runs http://www.closeoutexplosion.com an online wholesale and closeout business that supplies eBay sellers, retailers, and flea market vendors.

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