Stated simply, like any other auction site eBay functions in the same manner. The only difference between eBay and other similar auction sites lies in size. No other site comes even closer to eBay in terms of number of items on sale at any given point of time.
It is very easy to understand the basic functioning of eBay. This functioning is similar for seller and buyer. Both the parties have to register themselves on eBay. Registration process is easy to understand and follow.
Once the seller has registered himself on eBay, he can think of putting an item on sale. This item could be new or old. This has to be specified at the time of putting the item on sale or listing the item. There are charges in the range of 25 cents to $5 for listing an item for sale.
Then you have to define the time period of bid – in other words, how long this item will be on sale on eBay. In addition to this, the seller has to decide the minimum amount for the bid i.e., the amount below which the seller will not accept the bid for selling the listed item. People interested in buying the listed product start bidding for the item. After the expiry of the time frame, the person (buyer) with maximum bid gets the item for the amount he has placed the bid for. The seller has to make arrangements for delivering the item (as decided at the time of listing the item) after receiving the payment from the maximum bidder.
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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