How do you set up an online auction?

What are the requirements in setting up the online auction? What are its advantages and disadvantages?

Public Comments

  1. No homo
  2. ebay
  3. ebay
  4. you can use taobao.com. it is a chinese website,but you can find english edition on it. it is very convinient
  5. You'd want to register with auction sites like eBay. Once registered, click on the 'Sell' button from the top menu pane, and follow the on-screen steps. It'll take you no more than 10 minutes to set up an auction for a minimum of 3-days, to a maximum of 10. eBay charges listing fees, and also charges for final value fees if your item sells. Choose 'reserved price' auction style for your item if it's of some substantial value. I recommend you first try classifieds(craigslist), and then go for eBay.
  6. You guys are retarded at answering questions. 1) The requirements are that you have to have shit to sell, then you log onto ebay, set up an account, (you need to set up a paypal account as well), then you can post your item for sell, set the starting bid price and wait. 2) The cons are, you have to deal with shipping, you might not get the amount you wanted out of it, and you have to collect via a paypal account, which sucks. luv 2 h8 ya!
  7. You will need an eBay account, which is free at ebay.com Then you will want a PayPal account, which is a way to pay and receive payments online. This is the preferred payment method for almost all eBay users. If you want to make a business out online auctions, I recommend you check out subscribing to a wholesale service such as OneSource so you can acquire goods at heavy discounts and then sell them on eBay.
  8. As for the advantages and disadvantages of an auction; Advantage - there is no fixed price. Your item could sell for as much money as the potential buyer is willing to pay. Disadvantages - there is no fixed price. Your item could sell for as little money as the potential buyer is willing to pay. The difference between an auction and selling something for a fixed price is that in a fixed price sell you get what you ask for. In an auction you could make a lot more, or a lot less. Both buyers and sellers like this about auctions, as a buyer you can buy something for a very low price if no one else wants it. And as a seller if you are selling something that everyone wants then you can get a premium price for it, because you will get many bids.
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