To choose a keyword, click here. Choose the right expert at the right price, anytime day or night, at PC World Expert Help . Just as auction sites vary in quality from super to sloppy, auction types vary in small-business value from bonanza to bust. In choosing which auction style best suits your business, consider the way winners are determined. You list an item, specify an opening bid, and let the market decide what it's worth.
Buyers understand the auction process because it resembles the one for most offline auctions.
To manage multiple standard auctions, however, you'll need to use the site's bulk listing tools or third-party management software. Dutch auctions, though uncommon, are the best way to unload a gaggle of identical goods. In a Dutch auction, all winning bidders pay the lowest successful winning bid price. Dutch auctions favor buyers, since higher bidders pay less than the price they bid. Yankee auctions resemble Dutch auctions, but in Yankees the winning bidders pay the amount they offered.