Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

What You Need to Know About Auction Sites

By DANA BATES Subscribe to RSS | April 27th 2012 | Views:
loading
 
  



In these hard economic times, there are two reasons that auction sites have become popular. These sites allow you to both buy things at a cheaper price than you can get in a store and to sell things that you own to add a bit to your income. There are a few things you need to know before you choose what auction site to use, though.

Membership Sites and Payment Guarantees

About half the sites that offer auction products require that you register and pay a membership fee. Sites that do this charge lower listing fees to the sellers. While this sounds like an equitable distribution of costs, it is known that most people who buy a product at one of these sites uses the site only two or three times during a year. Some of the memberships are quite costly.

Many sites that provide bidding services for products require that the person making the bid place a specified minimum amount of cash in an account with the site. This is to guarantee that the person bidding has the money to pay for the item and any other costs assigned to the buyer. On the surface, this appears to be a fair request especially if you are the seller.

However, the amount deposited is often considerably more than the price you are willing to pay for an item and the site is not required to return the unused amount in your account. On some sites, this unused balance becomes property of the site after a period of time specified in a contract, which can be as short as 3 months.

If you decide to sell an item on a site, be sure to understand completely all the fees that you will be charged. For example, one site charges a listing fee for a certain number of days. Then, they add additional fees for relisting, for insurance that you will sell the product at the reserve price and a percentage of the price that you do sell the item at. In the end, you could end up with less than half of the money that you expected. Some sites require that you pay any taxes that are to be paid and any shipping charges from your own pocket.

Services Offered by Sites

Auctioning sites can be very profitable and trustworthy as long as you are assured that the site has services for any glitches or unexpected events. When auction sites advertise that they have customer service, it is suggested that you attempt to contact that department prior to listing any items on the site. Often there are customer service representatives but they cannot or do not contact their clients or customers in a timely manner. When you are bidding or selling on their site, timing is everything.

For example, if your item doesn’t show up or it goes down earlier than the listing period, you will need to contact customer service immediately or forfeit any claim to reimbursement of free relisting services. If you are bidding on an item and you accidentally hit too many zeros, you need to be able to contact someone in customer service for assistance at notifying the seller right away. Try to find an online auctions website that has plenty of traffic, many items but not so many that you get lost in the mix.

DANA BATES - About Author:
This article discusses the methods that auction sites use to for buyers and sellers of various items and the general manner in which online auctions operate.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/advertising-articles/what-you-need-to-know-about-auction-sites.htm

Related Advertising Articles Subscribe to RSS

Explore the best deals from real estate Chandigarh
Published by Deepti on March 22nd 2012 | Business
Today Chandigarh is the most preferred place for real estate investment because of its planned infra...
 
Franking Machines offer real assistance
Published by Jack on June 8th 2012 | Business
When you own a business, you need to do everything possible to decrease your expenses. We all want t...
 
Feel a real combat experience with airsoft
Published by Tayl Orhyer on February 11th 2012 | Business
Fight attracts warriors. Fighters never yield. They fight until the last breath. The thrill and exci...
 
How to start real estate news letter
Published by Dany on April 19th 2012 | Business
Real estate news letter is considered to be an effective advertising and marketing tool for real est...
 
Luxurious homes in old naples florida real estate
Published by Harry on March 28th 2012 | Business
Let the woodlands and the cool breezes of the old real estate guide you into a state of comfort and ...
 
Real estate investing with mortgages for sale
Published by DANA BATES on May 12th 2012 | Business
This information is there to assist anyone who has plans to buy mortgages for sale. Simply follow th...
 
Looking for a peaceful retirement? Learn why Uruguay is your best real estate investment option
Published by Rafael Tayler on January 24th 2012 | Business
Located in the South of America, just between Argentina and Brazil, this little country has everythi...
 
Real estate agents in Walsall lead you in investing property
Published by Redstones on January 21st 2012 | Business
Lettings franchise offered at Redstones letting agents, one of the leading estate agents in Walsall ...
 
Shakopee MN real estate
Published by Douge on May 31st 2012 | Business
Shakopee is a popular suburb of Minneapolis, Minnesota, and Shakopee homes for sale often move very ...
 
Get a home in real estate listings naples florida golf Naples
Published by Harry on June 25th 2012 | Business
An excellent agent will be able to demonstrate you top quality qualities Naples and settle as your r...
 
Advantage of real estate investing-Ivan Larco
Published by Harry on February 7th 2012 | Business
Requirement is the mom of all technology. I had the requirement to buy the home and so I tried with ...
 
Experience the difference with Miami Luxury Homes a luxury real estate
Published by Randy James on July 26th 2012 | Business
If you are of the opinion that lodging in the Miami luxury homes is just a waste of time and money t...
 
Boom in Mohali real estate market
Published by Ravinder on January 16th 2012 | Business
Investing in real estate is certainly not an easy job. One needs to bear in mind an array of factors...
 
Explore great options in Chandigarh real estate
Published by Deepti on March 23rd 2012 | Business
Chandigarh, popularly known as city beautiful is the most favored destination for investment in real...
 
A lavish life style with real estate Chandigarh
Published by Deepti on March 22nd 2012 | Business
Chandigarh is the best destination when it comes to real estate investment. Buying a property in Ch...
 
Lara Case real estate agency offers assistance for those seeking Rome properties
Published by Kristy Wilder on January 23rd 2012 | Business
Lara Case is a full-service agency. This means they can handle residential or commercial needs. The ...
 
Bluehost coupons allow for some real bargain-hunting
Published by James on December 31st 2011 | Business
Bluehost is a web hosting company that was founded in 1996 and has its headquarters in Utah, USA. It...
 
A Blessing for Investors – Real estate Mohali
Published by Deepti on March 22nd 2012 | Business
Real estate of any country is an absolute blessing to its economic growth. It has a good contributio...
 
Know how to grab attractive deals on Temple TX real estate
Published by Sophiegeorgia on February 27th 2012 | Business
If you are interested in Temple TX real estate, then look for property dealers who have thorough nei...
 
Shakopee real estate
Published by Douge on May 31st 2012 | Business
Located on the banks of the Minnesota River, Shakopee has strong ties to pre-colonial times. Native ...