August 14th, 2008
Why Ebay Shops Are A Better Alternative To Listing Auction Only And Buy It Now
To most people ‘eBay’ simply means ‘Auction’, a place where would-be buyers bid (increase their own over other potential buyers’ offer price) for specific items (called ‘lots’), a process that continues until a price is reached which only one person is prepared to pay, that person becoming the winning bidder and eventual new owner of the item.
That’s how eBay got started but auction represents just a small part of how people buy and sell on eBay today.