Amazon Auction | Get Serious About This Venture And Look At Is Like A Business
Motorcycle Auction | You Need To Establish A Sound Recording System
93. Entrepreneur Spirit
Rather than just look at this as selling items on eBay, adopt an entrepreneur spirit.
Get serious about this venture and look at is like a business rather than just getting rid of things you no longer want laying around the house.
94. Keeping Good Records
You need to establish a sound recording system. This system would consist of the item name, any associated reserve price (although not recommended for your auction), description, flaws, buyer's name, price sold for, payment received date, etc.
This helps to ensure the entire transaction for that item is complete from beginning to end and provides you with information should you need to list that same item or a similar item. Additionally, the record will help you know what your income was, based solely on your specific auctions.
95. Terms & Conditions
You will run into all types of buyers that try to move past the terms and conditions provided by eBay. Know the Terms & conditions inside and out and if you have problems, contact eBay immediately. A few examples of the insider secrets are listed below:
- Bid Shielding Two buyers work together.
One person bids high to protect a low bid place by the other person. Right before the auction closes, the high bidder cancels, meaning the low bidder gets your item(s) for a huge bargain. - Bid Shilling.
This is where the seller actually uses a separate ID set up to inflate the number and price of the bid. - Deadbeat Bidder.
The deadbeat bidder bids on your auction and then simply fails to pay. - Sniping.
A sniper is a bidder that waits until there are only minutes or seconds left on an item and then quickly bids just a little higher to get the item(s). Although not against the Terms & Condition, it is considered unprofessional and limits competing bidders from driving a high price.
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