Shopping Tips and Guides

At first glance, selling and buying items online would appear to be as easy as sending an email or downloading a song after a few clicks of the mouse. But with the rate at which several online auction and shopping websites pop up and disappear, and the growing number of bidding frauds done online, one can say that online auctions are getting to be risky undertakings.

The popularity of auction and shopping sites trivialized the issue of security against fraudulent transactions. As online companies such as eBay continue to pile up on customer complaints of varying degrees, online sellers, buyers or bidders should enter into online transactions with a discerning eye, and armed with at least the basics of online auctions.

Essentially, there are two parties to an auction. One is the seller, and the other one is the bidder. They come to an agreement as to the purchase of the item involved by one party from another. For the seller, the main motivation is the amount of the maximum winning bid. On the other hand, the bidder’s motivation is the item subject of the auction. While it involves different transactions, both are exposed to the risks attendant to online transactions.

Tips For The Seller/Auctioneer

A good auction site must have good traffic, because the wider the user base, the greater chances for the item to be sold. One must also look out for the clear-cut privacy and disputes policies and procedure in case of a botched transaction. Fees and commissions must be laid down in black and white, and it must offer a reliable payment method such as escrow or Paypal. Be professional. From writing a background about your item to doing the sales pitch to interested buyers, make sure that you get your terms and conditions of sale with clarity to avoid misunderstanding. Make yourself available for queries online via Skype, YM, AIM, or YM because people will always transact with people who have good communication lines. After-sales does not mean the end of a sale transaction because a sale is perfected by delivery of the item to the buyer or winning bidder. Follow a closed sale and shipping of items with an email or phone call, or make yourself available for follow-up inquiries.

Tips For The Buyer/Bidder

An online buyer/bidder has more reasons to exercise more caution and proceed with any online sale with greater prudence. The rising number of fraudulent activities in many online businesses is enough reason to be more vigilant and take extra care before we part with our cash or pay with credit or debit card. Always be on the safe side by always checking on the seller’s reputation or feedback, which are usually provided by online auction sites. While one cannot be sure if your bid price is the right price, at least have an idea on how much is the going rate for the item that you’re bidding for. You can do this by checking out final winning bids for similar items in other auction sites. Do not hesitate to call or email the seller if you have queries. Make sure that the seller is giving sufficient information about the item being auctioned. One indication that the seller is hiding something is when the information is given in deceptive or confusing language or in very small prints. Last but not the least; do not just cast aside your second thoughts. If you sense something dubious, don’t waste another second on it.

eBay doesn’t have very many competitors, and the ones that there are remain small by comparison – that’s part of what makes eBay so powerful for niche items. If you’re selling more common things, though, you might like to list auctions on other sites besides eBay, to increase your potential customer base and avoid some of the occupational hazards of relying on eBay for all your business. But which ones are worth bothering with?

Yahoo! Auctions.

Yahoo Auctions wins in one big way: selling there is free. There are no listing fees or final value fees. What’s more, Yahoo is still one of the biggest sites around, and gets plenty of traffic to its auction site. The site benefits from Yahoo’s experience in providing good, categorised searching, and the site is easy to use all round.

The rub, though, is that dodgy buyers and sellers are even more rampant on Yahoo than they are on eBay, and that’s saying something. Sellers on Yahoo Auctions can expect to run into far more non-paying buyers than they would on eBay. Also, the site is plastered with text ads, which get in the way, and the design in general leaves a lot to be desired – but then, so does eBay’s.

uBid.

uBid’s model is to offer more security for less flexibility. They pre-screen everything: sellers must be registered businesses and buyers must pre-register a credit card. It takes some of the ‘Wild West’ feeling out of selling – but it also takes away most of the fun.

On eBay, you have complete control over what you’re doing, while selling on uBid feels like you’re just a faceless supplier for a big company. Searching for anything vaguely non-mainstream will come back with no results, to the point that it will quickly get frustrating for your buyers. If you’re just selling common consumer goods for the money, though, then by all means do it at uBid.

Amazon Auctions.

Amazon Auctions is an underused auction site. The design is quite bad, and searches don’t turn up many results. The payment system is the same one people use to buy things from Amazon itself, though, which seems more secure that PayPal.

You might be more interested in becoming an Amazon Marketplace seller, which means that you can list your items on their main pages for people to see when they click the ‘Used & New from…’ link. This can be a good way to make a few sales, as you can simply keep your inventory updated at your Buy it Now prices and someone will occasionally buy something. You don’t even have to write a description or upload any pictures. This is probably a better thing to be using than Amazon Auctions.

To sum up, registering your items at a few other auction sites could get you a few extra sales – but compared to eBay, they’re all very unimpressive, and have nowhere near as many users.

If you’re trying to think of ways to expand your business, then there might be a shock in store for you with what I’m going to tell you next. Did you know that your eBay income is taxable? But stay calm – the next email will explain everything.

In an age where more and more people are undertaking do-it-yourself activities around the home, discount tools have become ideal gifts for both men and women. Indeed, anyone with do-it-yourself tendencies appreciates a good set of tools.

With this appreciation, comes the ever-present desire for a good deal when shopping for tools. Luckily, there are several methods for acquiring tools that can save you a bundle of money. Equipment auctions are one such method.

In-house equipment auctions work in very much the same way as regular auctions. At first, the equipment is set up in a large warehouse style room where potential bidders can walk through the displays and take notes on the numbered items in view.

After a few hours, everyone collects in another room, where the items are individually auctioned off to the highest bidder.

Some equipment auctions are done “silently,” and in this case, the items are presented in the room as with other normal style auctions, but the bidders simply put their name and what they can afford on a piece of paper and put this in a confidential box next to the item they want.

At the end of the day, the highest bidder will have first chance to purchase the equipment. While this is common practice with small items, silent auctions are not commonplace with equipment.

Of course, the most consumer-friendly auction is the online one. With such giant websites as ebay.com and auctions.shopping.yahoo.com ruling the space, it is now very easy for people to purchase equipment online often at prices far below normal retail levels.

If you want to find a great deal on almost any type of equipment, online auctions are the way to go! One good technique is to contact equipment suppliers and dealers ahead of time who can provide you with a quote on both new and used equipment.

In this manner you will know ahead of time how high you should be willing to bid at auction. Put simply, once you know how much it is all worth, then you can go into the auction with a little more certainty and understanding.

Whichever method you choose, equipment auctions present an incomparable way to purchase tools at a significant discount.