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Buying Foreclsoure in Auction - Great Fortune
Sure you know what's auction. But do you know by buying
foreclosure in auction, you can actually earn up to 100,000USD;
or save up to that amount if you are buying a foreclosure home for residential purpose? Of cause,
those profits happen...
How To Cash In on Weird Auctions on eBay
Until recently, online auction sites such as eBay have been the usual marketplace for bargain hunters and thrift shoppers looking for cheap used or surplus products. But a new breed of sellers are now coming up with very unusual auctions on eBay....
How To Post Your First Auction On eBay
It's very easy and simple to get started posting your first
auction on eBay. This article will cover the steps you need to
follow to get your first auction up.
The first thing you need to do is set up your eBay seller's
account. If you have...
Online auctions can be fun and lucrative
When the Internet became popular in the mid-1990s, one of the
first things users realized was its business potential. If you
can do business in a store or through a catalog, why not through
a Web site? And soon online auctions were born.
...
"Tips for Starting Online Auction Business"
The online business around the world is into billions of
dollars. And one of the important part of this online business
is Online Auctions. Products can be sold on online auction sites
everyday, where buyers are looking for products. It is also...
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The Auction Phenomenon
Online Auctions such as eBay have really grown in popularity over the past few years. And it's easy to understand why. From a buyers perspective when you browse eBay you can find just about anything you might be looking for. From collectable to clothing, from automobiles to the odd and weird. It's listed for auction on eBay. And from a sellers point of view if you have something that is worth selling, you are bound to find a buyer for it at eBay.
As explained in my book "eBay Marketing Wholesale SourcePak" eBay is a community of members who can buy/sell items locally, nationally and internationally. And while eBay has over 100 million members there are rarely any real problems between buyers and sellers. I believe much of this can be attributed to the eBay feedback. Feedback is where buyers and sellers can leave comments on their experience with each other. Whether is was a good or a bad transaction, you can read about it in the feedback. Now I won't lead you to believe there are no problems at all, because that would not be right. But all in all things run very smoothly.
Harris Poll did a survey regarding online auctions that I found quite interesting.
43% of participants said that they bid at online auctions looking for bargains, 23% said they are looking for hard to find items and 21% were looking for collectables.
When it came to how confident buyers are at receiving their purchases, 54%
were confident and 40% were very confident they would have no problems receiving their product. This compared to only 1% who was not confident.
51% of those surveyed said they always, check feedback before buying from a seller and 36% said they usually do. Only 3% said they never check. I've got to believe that this 3% are newbies.
A whopping 83% of participants said they had bid and purchased items. With 51% saying the average value of the product bought was up to $50.00. 24% said the value was $51. - $100. and 21% said $101. - $500.
66% paid for their items by personal check, cashier check or money order to the seller. While 44% paid by credit card using the third party payment service listed on the auction. And 59% said they had never experienced a problem with their purchases.
Considering eBay recently reported $14.87 billion in annual merchandise sales, there is generally very little problems between buyers and sellers. That is one of the reasons eBay makes such a great Home Based Business.
Happy Selling!
Joe Clare
About the Author
Joe Clare is an active Netpreneur and eBayer! He is the author of numerous articles on how to make money online and be successful on eBay! Check out his latest Best Selling eBook "eBay Marketing Wholesale SourcePak" Your Passport to Success! at www.ebooksnsoftware.com
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| A Survey of Auctions |
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