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Game Theory, Nobel Prize & Auctions - Auction Primer Series – Part 1
The Auction Primer Series is a group of articles to help further educate sellers about auctions; their history, strategies for use, and provide a comparison of various auction sites and types. In Part 1, we look at the more common type of...
HOW TO START AN ONLINE AUCTION BUSINESS
Have you spent any time looking at online auctions? There are thousands of visitors to the big online auction sites every day, looking for something to purchase! This is an excellent place to find buyers of your products without having to do any...
Internet Auction Software
Auction Software If you sell on Auction web sites then you know
how difficult it can be to keep track of your listings,
customers, items that are paid for and items that need to be
shipped out. It can be a major headache if you sell more...
Online Auctions: 10 Secrets You Should Know Before Bidding
Yes! You know many online auction sites.
'Course you may have participated in some of the biddings.
The next time you decide to bid for a product or a service, do remember these vital online auctions secrets and tips.
1. Important to know...
Save Thousands at Auto Auctions - Without Marrying a Car Dealer!
The Common Misconception: Auto auctions are only open to
car dealers.
The Surprising Truth: Anyone with the right resources can
participate in the same auctions as the dealers!
Think about it. How much could you save if you bypassed
the...
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The Fundamentals of Online Auction Selling
Even the professionals often overlook the fundamentals of any business, sport, or endeavor. I am not really an auction expert. I am a computer guy. During my time with The Online Auction Academy, however, I have learned a lot about the business of online auctions.
After all, I’ve been surrounded by experts, read their articles, listened to their classes, and am continually exposed to their knowledge. I have seen people succeed in the business of online auctions and I’ve seen people fail. Those who fail are those who did not learn from their mistakes and especially those who did not learn what they should know before they got into the business. I am regularly asked what I think it takes to get into Web Design, Web Mastering, or Web Development as a business. I say the same thing that the trainers here at The Online Auction Academy tell their students: “You have to learn to run a business. You have to want to succeed. Most of all, you have to learn about the business you’re getting into.”
Think of it this way: a basketball player will get nowhere without the fundamentals of the game. If the player can’t dribble, shoot, run with, or pass the ball, that player will never get on the court professionally. The same holds true for any business, especially online auctions. If you don’t adhere to the fundamentals, you’ll get passed by and your sales will be nonexistent. You will have failed to get off the bench to play the game!
Here are the basic fundamentals of a good auction – the kind of auction that denotes a successful and committed professional.
1 – Be professional about your listings, policies, and manner. Treat people professionally, write your listings professionally, and have clearly outlined policies for shipping and returns.
2 – Include photos and
descriptions that give all of the “vitals” of the auction. Don’t be too wordy, but be sure to hit every important point about the item – good and bad. Try to avoid overuse of marketing hype and exclamation points. A savvy or experienced buyer will skip your listing outright while others will wonder if it’s a scam. Don’t hide your policies or use rhetoric, just list them plainly, simply and be specific.
3 – Contact the winning bidder immediately after the auction is over. If you are a Powerseller and list a LOT of items at once, this can be overwhelming. The use of software (such as MyAuctionManager) will greatly ease that burden. Include the auction’s title and number in EVERY correspondence so that the winner knows exactly who you are and what you’re talking about.
4 – Answer questions and leave feedback. I’m surprised, when I go to purchase an item, how many sellers never return my email queries. If I don’t find out what I want to know about the item, I won’t bid on it. Be prompt in your replies and answer all questions truthfully and professionally. It’s also a good idea, if you can, to update the listing with new information if the query has shown something lacking in the listing. When the auction is over, leave feedback EVERY TIME. Buyers appreciate this and are more likely to leave feedback for you as well.
5 – Ship multiple auctions in the same package if the same buyer has won them all. Not only will this reduce shipping costs, but it will also make the buyer happier and is more convenient for him or her. This means higher feedback and repeat business.
Generally, these five simple fundamentals are the backbone of a great auction seller. I think any of the experts would agree that without these fundamentals, you’ll never leave the bench! Good luck and happy listing!
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| Yahoo! Auctions - Buy and Sell Sports Cards, Coins, Collectibles ... |
| Experience the best Auctions marketplace. Yahoo! Auctions is now FREE. List your auction for FREE, host your own images or Bid to buy great new and used ... |
| auctions.yahoo.com |
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| eBay - New & used electronics, cars, apparel, collectibles ... |
| ... and everything else on eBay, the world's online marketplace. Sign up and begin to buy and sell - auction or buy it now - almost anything on eBay.com. |
| www.ebay.com |
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| Auction Fire - Free Auctions - Online Auction Site - Internet Auctions |
| Auction Fire is a free online auction site. An ebay alternative offering free auctions. Internet Auctions Website. Buy or sell in thousands of internet ... |
| auctionfire.com |
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| U.S. Treasury - Seized Property Auctions |
| Auctions - real estate, cars, trucks, vans, homes, boats, aircraft, motorcycles, jewelry, electronics, antiques, luxury items, furnishings, household goods, ... |
| www.treas.gov |
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| Government Sales and Auctions: FirstGov.gov |
| Official site for information on all sales and auctions of government surplus property and assets. |
| www.firstgov.gov |
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| eBay Australia - Buy or sell practically anything on eBay, the ... |
| eBay Australia offers online shopping and online auctions in Australia at eBay.com.au. *Conditions apply. The Buyer Protection Program is subject to the ... |
| www.ebay.com.au |
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| Clearance Center - Overstock Electronics, Discount Computers ... |
| Provides auctions for computer systems, hardware, and software. |
| clearance.cnet.com |
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| Indiatimes Auction : Digital Entertainment & Lifestyle Shoppe |
| Indiatimes > Shopping > Auctions. Choose Categories ... Big Brand Auctions. 1.5 T window AC with LCD remote ... Limited Quantity Auctions ... |
| auctions.indiatimes.com |
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| MSN Shopping |
| Shopping tools including product guides, gift finder and gift certificates and links to online shopping sites with special offers. |
| shopping.msn.com |
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| Auction - Wikipedia, the free encyclopedia |
| Dutch auction: In the traditional Dutch auction the auctioneer begins with a ... ("Dutch auction" is also sometimes used to describe online auctions where ... |
| en.wikipedia.org |
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| QXL Ricardo plc. the online auction house | Investor Relations |
| Online auction with offers for European consumers, including arts, collectibles, cars, computing, consumer electronics and entertainment. |
| www.qxl.co.uk |
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| Disturbing Auctions |
| This site is dedicated to the research and study of the most bizarre items found for sale on internet auction sites. Not the obviously fake auctions, ... |
| www.disturbingauctions.com |
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| Internet Auction List - Largest Auction Directory |
| Find all kinds of auctions divided by types of items. |
| www.internetauctionlist.com |
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| Overstock Auctions - Online Auctions at Overstock.com - An auction ... |
| Overstock.com Auctions your home for Online Auctions. Find great deals on thousands of live auctions. An alternative to eBay, this auctions site is the ... |
| auctions.overstock.com |
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| Airline Tickets, Cheap Hotels, Vacation Packages & Travel Deals |
| The internet leader in Travel Auctions & Buy it Now deals to see the world. Our Lowest Price Guarantee on airline tickets, hotels, cruises, ... |
| www.skyauction.com |
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| onSale.com Low Prices - Computers, Consumer electronics, Digital ... |
| onSale – Don’t just buy it. Get it onSale! onSale has the best selection of computer systems, peripherals, software, iPods, iPod accessories, ... |
| www.onsale.com |
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| A Survey of Auctions |
| Defines in lay-terms the various types of auctions, including English Auctions, Dutch Auctions, and Double Auctions. A brief history of auctions and ... |
| www.agorics.com |
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| DoveBid - Industrial Auctioneers, Machinery Auctions, Capital ... |
| Buy & Sell surplus, used business, industrial machinery, laboratory, R&D equipment at DoveBid, the leading global provider of capital asset management and ... |
| www.dovebid.com |
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| Neopets - New Neopian Auctions |
| Neopets - New Neopian Auctions. Oops! You cannot view this page because you are not logged in, or perhaps you have not created an account yet! ... |
| www.neopets.com |
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| Car Auctions, Auto Auctions, Online Car Auctions, Salvage Auctions ... |
| Car Auctions, Auto Auctions, Online Car Auctions. Pickles Auctions is an Australian owned Auction company, specialising in auto vehicle, truck and car ... |
| www.pickles.com.au |
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