eBay

eBay Inc. is an American Internet company which owns and manages eBay.com. This website is an online auction as well as shopping destination for consumers/buyers worldwide.

It offers a wide variety of goods and services within a diverse list of categories and price structures. Several countries have an established localized eBay presence to cater for various consumer needs, tastes and budgets. Besides the US, other countries with a localized eBay presence include Argentina, Australia, Austria, Belgium, Brazil, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Malaysia, Mexico, Netherlands, New Zealand, Philippines, Poland, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, Turkey and United Kingdom.

Services and Goods offered by eBay.com:

People from all over the globe get to choose from a diverse range o products and services (for all age groups) including electronics, apparel, vehicles, collectibles and furniture among other categories. While few items are high quality, rare and valuable, others are used or second hand that are discarded by users to sell them online. People then also have an option to bid on these items (if this option is chosen by the seller) or buy it if it suits their budget and liking. The transactions are very safe as buyers get to check the rating and credibility of the seller on eBay. In fact, just about anything can be sold on eBay as long as it does not violate the eBay Prohibited and Restricted Items policy. Buyers also have the option to make payments via PayPal.

Types of eBay Auctions

• Fixed Price Format: Under this format, sellers have the option to sell particular goods or services at a “Buy it Now” price. This way, the buyer does not need to bid and wins the auction if he selects this option.
• Auction Style Listing: This listing allows the seller to set a reserve price and can also set the auction for specific number of days. This information is usually mentioned alongside the item or services to be sold.
• Dutch Auctions: Under the Dutch auction category, the seller has the option to sell two or more identical items or services in the same auction.

Benefits of opening an eBay store

In order to rev up the sales graphs, many sellers look towards eBay for advanced selling options. On an average, sellers report a 25% increase in sales in approx 3 months after opening an eBay store. Sellers also get to stock their stores with inventory listings for a longer period of time. A professional website with a good feel and features, are bound to attract buyers thereby enhancing its credibility quotient. With time this graph just gets better, if you keep improving and maintain a consistent standard. The best part is that sellers get access to their very own URL which helps in driving traffic directly to your eBay store. With the user friendly cross promotion tool, sellers can decide which items they are willing to cross promote to their buyers. Furthermore, an eBay store is offered as a free trial for 30 days.