Categorized | Penny Auction Strategies

Where to Find the Best Auction Sites

Posted on 04 November 2009 by admin

Buying online through auction sites can allow you to find some terrific buys if you know which sites to search and how to search. It is not all about the site though, you also have to be knowledgeable about how an auction works. The key to being a successful auction buyer is in both knowledge and your organization. Here are a few basic tips that will help you to be successful at buying auction style.

Get Organized
Have a place to record what auctions you are bidding on. The best place to do this is right on your computer. Create a folder in “My Documents” or on “My Desk” and label it Auctions. Then when you are bidding on an auction or have done a “Buy Now” or Fixed price auction save the basic information like which site the auction is on, what the auction # is, who the buyer is, when the auction closes. You can add more information if you wish, but the basic auction information should be listed. Check this folder everyday so that you are aware of what needs to be done that day with each auction. If you can copy the exact auction url into the document then you can go directly to the auction to check the status of the auction, or to up your bid.

Email
You will be corresponding with buyers about your auction buys so be sure to create a separate folder in your email account for your auctions. When you receive email concerning any of your auctions that you are watching or bidding on, move these emails to your Auction folder. A good rule of thumb is to check your email for auction related email at a minimum of twice a day.

Auction Searching
One way to locate auctions that contain the item you are searching for is to use a search engine like Google. Putting in the name of the item should yield any auctions where sellers have listed the item that matches your keywords you placed in the search box. To find your item, be sure to use the name of the product, size, color etc.

Which Auctions To Bid On
When you have located an auction that has the item up for bid that you are interested in, always, check the feedback for the seller to be sure there are no negative transactions. A seller that has negative feedback concerning how he/she ships, if shipping is on time, if items are damaged, shipping wrong items can give you an indication of how the seller will treat your transaction. Stay away from sellers who have negative feedback, it simply is not worth the risk.

Always look for shipping costs
Read the auction carefully including the description, the shipping information, the payment information, the return policy. Do not bid until you have read the entire auction listing.

Ask Questions BEFORE Bidding
If the seller has not given enough information about the item’s condition, or does not list shipping or return information, always email the seller and ask about these things before placing your bid.

Auction Site Information
When you find a site that has items you are interested in, make sure that the site is a reputable site. Read any buyer information the site has posted. Be sure that you are aware of any fees you may have to pay when using the site. Visit any forums the site has to see if those listing on the forum are happy with the way the site is working. Check to be sure that transactions on the site are secure. Look for any contact information or help links in case you have any issues with auctions they have listed on their site.

2 Comments For This Post

  1. mambo Says:

    Great read! thx

    Like or Dislike: Thumb up 0 Thumb down 0

  2. loopzy Says:

    This was a great read though! Thanks..

    Like or Dislike: Thumb up 0 Thumb down 0

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