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Tips
for sellers |
Tips
for buyers |
1.
Understand you products |
1.
Don’t bid on the first thing you see |
Find
out as much as you can about your products’ value,
materials, conditions and history. |
Research
the item before you bid, and search competitived auctions
and you might find the same item with a lower opening
bid. |
2.
Find the right categories |
2.
Computer the final value |
The right category is important.
Putting your products into wrong categories may mean
you open a store in a desert. |
Add
the shipping cost to your total bid to get a clear idea
of the total amount you will be paying. |
3.
Understand your competitors |
3.
Check the seller |
Check
out competitors. If a ton of other auctions are taking
place at the same time for the same kind of item and
the bidding is competitive, wait until the competition
is fierce for a few select items. |
Check
the seller’s feedback. Most auction sites provide
feedback rating for their sellers and bidders, be sure
the latest feedback isn’t negative. |
4.
Start the low price |
4.
Bid in odd increments |
For generating bidding, set
your minimum bid much low than you expect the item to
be sold for (10% of your desired price is a good start). |
Always
bid a few pennies more than an even dollars; that way,
you bid will beat out anyone else who came in at the
same dollar figure. |
5.
Don’t against the law |
5.
Be disciplined |
Make sure that your products
aren’t prohibited or considered questionable.
If you are not sure, please check out the auction guidelines
and local laws. |
Set
a maximum price you are willing to pay for an item,
and don’t overbid. |
6.
Be honest |
6.
Bid late |
Don’t be too “smart”
in your business. Don’t misrepresent your items
in its description. Being direct, informative, and concise
shows potential buyers that you are honest and easy
to work with. |
Track
the final hours of bidding on items you want so you
won’t be outbid at the last minute. If you want
to virtually guarantee a win, hold all your bidding
until the last minute. |
7.
Pick your start time carefully |
7.
Enjoy online auction |
List your item during the
prime time hours (6 p.m. – 10.p.m.). In this golden
time, many potential bidders are online, and you’ll
get more last-minute bids. |
Have
fun and be prepared for whatever you bid on. |
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