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eBay campaign

What is an eBay campaign and when is it appropriate to use it? 
At the moment, I simply designate an item as promoted or leave it alone. 
What are the advantages of a dynamic campaign of variable eBay charges?

Is there any other type of campaign? 
I don’t understand eBay’s recent offering of different types of campaigns. 
I’m a small hobby seller. No eBay store. 

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