What is the logic of eBay auctions? What are the tips for eBay auctions?

The logic of eBay auction:   

eBay auctions are somewhat different from Xianyu in China. You can bid the highest price you want, and the system will set this price as your reserve price (which no one else can see except you).

As long as other people's bids are within your price, you will win the bid (the final price you get is: the highest bid of others + an increase in price).

Suppose you want to bid on an item with a starting price of $100, and your desired price is $400, you can directly bid $400. As long as other people’s bids do not exceed my price, the item is yours.

If no one else makes an offer, you can buy it for $100.

Tips for eBay auctions:

1. Auction duration

The US site will charge an additional $1 for auctions that last 1-3 days, and no additional fees will be charged for auctions that last 5-10 days, only the normal listing fee. Therefore, it is recommended that you do not choose the 1-3 day model for auctions of low-value items.

2. Starting Price

Within your acceptable range, the starting price should be as low as possible. The lower the starting price, the more likely it is to attract more buyers' attention and stimulate their desire to buy.

3. Start time and end time

The closer the auction ends, the higher the ranking. In other words, the auction ends during the peak shopping period, which will achieve a more ideal effect.

Peak shopping times are generally considered to be in the afternoon and evening, so it is best to end the auction during these two time periods.

4. Drainage

An auction is definitely not held just for the sake of auctioning. To attract so many people, it can be used reasonably to sell other products. You can use affiliate marketing, link related products, and entice sellers to place orders.

This is the end of the knowledge about eBay auctions in this issue. If you want to get more information about eBay auctions, please pay attention and we will continue to answer your questions~