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

Enjoy your dream home in luxury real estate Miami
Published by James Blee on February 17th 2012 | Business
Have you ever dreamt of living in the home with colossal pillars, exclusive porch, never ending palm...
 
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...
 
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...
 
Find real estate anywhere in America
Published by Securereal on May 29th 2012 | Business
In order to find beneficial real estate deals you must be aware of the current market position. For ...
 
Real estate Mohali – a Boom for investors
Published by Deepti on March 22nd 2012 | Business
In the last few years India has seen a tremendous growth in the real estate sector especially the no...
 
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...
 
How to find good Real estate agents in Florida and Miami
Published by Ashish Pandey on February 19th 2012 | Business
It is vital to find the best real estate agent in Florida or good Miami real estate agents in order ...
 
Feel the real admirable ugg pas cher
Published by Sonia Vincy on January 18th 2012 | Business
The ugg is made up of sheepskin boots. It is very popular in the place of Australia in 1970....
 
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...
 
Best homes in Naples florida waterfront real estate
Published by Harry on March 19th 2012 | Business
As a Naples Realtor, we accept decades of Realtor acquaintance with home types including leisure tim...
 
Homes in naples florida real estate for sale
Published by Harry on May 15th 2012 | Business
The beach is just miles away from these houses and there are plenty of waterside Shoppes and restaur...
 
Real Estate Management Companies are in Great Demandreal estate management,
Published by James Blee on April 23rd 2012 | Advertising
As the economy showing signs of improvement world over, it has added a renewed life into people inte...
 
Buying tips for real estate in Santa Teresa
Published by Kristine on February 13th 2012 | Business
Santa Teresa is a paradise for those who like enjoying outdoor activities. It is an ideal vacation d...
 
Get your hands on Honolulu real estate
Published by Berton Hamamoto on April 3rd 2012 | Business
If a real “Home in Paradise” is what you are looking for, Honolulu is the place for you. In fact...
 
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...
 
SEONext Complaints: cannot be real
Published by James Blee on May 7th 2012 | Advertising
However, the million-dollar question is – are all such seonext complaints worth relying in the fir...
 
Orange county real estate agents at your service
Published by Joy on January 16th 2012 | Business
There was a time when Orange county homes were easy to find, and residents did not need any help to ...
 
Get your home at naples florida waterfront real estate,new homes for sale in naples florida
Published by Harry on March 7th 2012 | Business
There are plenty of homes in naples florida waterfront real estate You may go about choosing in two ...
 
Get noticed using Illuminated Signs at your estate agency
Published by Mary Porter on June 19th 2012 | Business
Think about fitting Illuminated signs at your fascias, they’re eye-catching features that are just...
 
How to make effective real estate newsletter
Published by Dany on April 18th 2012 | Business
Newsletter is considered to be best way to keep clients informed about the business and attract new ...