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Starting Auction Business - Business - Nairaland

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Starting Auction Business by b4billgate: 2:59pm On Jul 01, 2014
Registering at these internet auction sites is a
relatively simple process . For the purpose of this article we will stick to eBay. Ebay is miles ahead of the
competition. In a distant second yahoo, which is very
far behind eBay in terms of website traffic and market
research. 2 The registration process is self-explanatory. You must give your basic contact information (your name,
address, number where you can be reached, email
address, and of course your credit card or other
payment method). You will only be charged for any
sales transaction fees that you incur as a result of
your listing and selling items. Each auction site will have a list of their fees (these fees are very small). 3 Each site has a list of rules. They may differ from site to site. You will have to get a working knowledge of
these rules. Print the rules out and study them, this
will save you from future headaches. Some sites will
even offer online tutorials to help you become familiar
with the rules and how to buy or sell on that
particular auction site. 4 Auction sites operate a little differently when it comes
to honesty and credibility. They use a feedback system (which simply means that after every
transaction the seller and the buyer rate each other
on the entire deal: Great, Good, Excellent, bad, etc...).
This score determines how reputable the seller and
buyer have been. You will need to focus on doing
business with people who have high feedback scores (90% or higher). Just starting out and not having a
feedback score will make doing business on eBay a
little more difficult but not impossible. 5 Placing a bid is a really easy process . Before you start placing items up for auction, I recommend that you
buy a few items first. You can buy 3 or 4 items for
less than $50 and this will build up your feedback
score. 6 Putting items up for auction is just a little bit more
complicated. When you list items on eBay, you must talk about them in a way that let’s your enthusiasm
for the item show through (you want the customer to
be excited from your excitement). 7 Your Title- this is your headline, this should grab the
readers attention. 8 Your Item description-you will have to balance
boasting about your particular item and being
completely accurate about the condition of your
items (being honest about flaws will not keep your
items from selling). If you have negatives; alternate them with positive statements. Make sure that you
have more positive statements about your items than
negative statements. 9 Here is a list of descriptive selling words you can
include in your description. Beautiful, great, fun, dramatic, pretty, fantastic, high-end, vintage,
wonderful, powerful, elaborate, quality, and gorgeous. 10 Your terms of service are your policies for doing
business. This will include: shipping and handling, how soon you want receive payment and of course the
different payment types you will accept. Please
ponder these decisions carefully, this is the terms
under which you will do business. Keep your terms as
simple as you can, if they are too long and wordy
you may drive customers away. 11 You are now a internet auction business owner. Set your goals and aim high. Ad Tips cross sell, if you have other items up for auction,
make sure you have a link on each auction post to
your other items. B4billgate at gmail dot com.

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