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Sunday, November 18, 2007

Making money on e-bay


Do you know that you can sell almost anything on ebay? E-bay is a one of the world largest online market where $52 billion worth of merchandise have been traded by the user last year only.

How ebay works?
Any registered user who want to sell their goods will list the item on ebay. The seller chooses to accept only bids for the item (an auction-type listing) or to offer the Buy It Now option, which allows buyers to purchase the item right away at a fixed price. In an online auction, the bidding opens at a price the seller specifies and remains on ebay for a certain number of days. Buyers then place bids on the item. When the listing ends, the buyer with the highest bid wins. In a Buy It Now listing, the first buyer willing to pay the seller's price gets the item. Simple isn't it?

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