eBay is making some changes that will further shift its focus from online auctions to fixed price resellers. The company announced Wednesday that it plans to drop the cost of listing an item under "Buy It Now" by 70 percent, extend allowable listing periods for these items, and lift a number of other restrictions in order to attract even more sellers. Although auctions are about to disappear, the move is an example of eBay's shifting priorities, and not everyone is happy about it.
Sellers will now only be charged a flat $0.35 fee for listing fixed-price "auctions," and can list multiple quantities of the same item for that single fee (previously, multiple quantities of a single item meant racking up the listing fees). Sellers can also now list items for a full 30 days, significantly longer than the standard 7-days.
Good news for me. I hate the auction format. I haven't listed anything "for bids" in over a year. I determine how much I want for an item by looking at the highest and lowest its gone for in the last 30 days and price my item at an average of the two - usually throwing in free shipping.