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Casual Articles - Selling Antiques & Collectibles Online: What You Need to Know to Get Started
I was sitting at a new hip day spa and salon when the entire staff of stylists and technicians suddenly disappeared. “Wait a minute! Where are you going? I’m wrapped in foil!” I think to myself. Moments later, the ownership team re-appeared with the entire Broadway staff, donning party hats, clown noses and a birthday cake for one of the other patrons who were celebrating her 48th birthday. You see, this Savvy Staff had waited for the “precise” moment when our birthday girl had gone into the Changing Room for maximum Surprise Power when she came out. Well it sure worked! The reason I go to this particular salon, is not only because a girl knows a good haircut when she finds one, but it’s because of attention to customer service.
Fees For Seller
Online auctions are set up so that there are no fees charged to buyers. All fees associated with an online auction are the responsibility of the seller. Keep in mind that listing fees, reserve fees, final auction fees and display fees are how the online auctions make their money. You’ll need to factor these cos
Understanding how specific investment strategies can affect your entire commercial real estate process. A popular topic of commercial real estate is what is known as quick turning. The media has caught on to this phenomenon and generalized it. Many of the things you may have heard about quick turning are not as simple as they make them look. The general public has confused the arena of quick turning to include simple speculation. While the differences may not be apparent at first, if we delve deeper, there are several key variations.The first way to look at speculating is that it is performed by the absolute amateurs in real estate. This is not what an experienced commercial property investor would ever do. Now, I’m not going to say that a speculat
Research
Before you list any item on an online auction, search for your item or similar items. Watch some of these auctions until they close. Do this over the course of several weeks. This will give you a good indication of how many similar items there are currently up for auction, how many auctions are successfully completed and, the prices commanded for the item. If there are many similar items to yours listed that are not selling or selling for a low price, price your item accordingly. Conversely, if there are only a few similar items that are selling for a high price, you’ll be able to price your item appropriately.
Understand the Listing Procedures
Take some time to do an online tutorial for new sellers. Ebay offers a very thorough tutorial. You’ll learn how to set up a listing, the importance of good photos and how to include them on your listing. This is the time consuming part for new sellers and takes some time to get up to speed. Good photos and clear description are key to ensuring a successful auction because your listing is all that that potential bidders have at their disposal to make their buying decision.
Accuracy
Online auctions simply post your merchandise as described. They do not verify the accuracy of the item, that the merchandise actually exists or even guarantee that you will follow through with the sale. As a seller, you want to be as accurate in describing the condition of your item, both the good and the bad points. If there is damage, mention it in the description and show photos. The more upfront and accurate the description, the more likely the buyer will be a satisfied customer who doesn’t demand his/her money back. Buyers will call you on any unmentioned flaws and cause you justifiable grief.
It’s A Buyers Market Online
Online auctions are more of a gold mine for collectible buyers, rather than for sellers. Buyers can search for the manufacturer, colour and/or style number. The old days when the world seemed larger and items seemed scarce are gone. Online auctions have reduced the perception that an item is rare. Before online auctions, antique hunters would have to scour high and low for their favourite item and often end up paying a high price. Now, with online auctions, the scarcity of collectibles is reduced when you can search, for example, a Coca-Cola picnic cooler and see that there are currently 78 available for auction on eBay. It brings the price down of these items - not so good for sellers.
Fees For Seller
Online auctions are set up so that there are no fees charged to buyers. All fees associated with an online auction are the responsibility of the seller. Keep in mind that listing fees, reserve fees, final auction fees and display fees are how the online auctions make their money. You’ll need to factor these cost
I have this student business friend who aspires to become a successful entrepreneur. He’s a bright kid and has good ideas, but when it comes to actually starting a business, he’s all over the place. He feels that he can start a thousand different businesses all at once and have all of them become successful. There is absolutely no focus in that way of thinking and quite frankly, I think an entrepreneur can spread themselves thin by trying to take on the world in one shot.Having a ton of ideas and wanting to do many things with those ideas is perfectly fine, but there must be some order in which you tackle these concepts and when each is actually implemented. You can’t fool yourself into thinking that you can equally distribute your energy between m
Understand the Listing Procedures
Take some time to do an online tutorial for new sellers. Ebay offers a very thorough tutorial. You’ll learn how to set up a listing, the importance of good photos and how to include them on your listing. This is the time consuming part for new sellers and takes some time to get up to speed. Good photos and clear description are key to ensuring a successful auction because your listing is all that that potential bidders have at their disposal to make their buying decision.
Accuracy
Online auctions simply post your merchandise as described. They do not verify the accuracy of the item, that the merchandise actually exists or even guarantee that you will follow through with the sale. As a seller, you want to be as accurate in describing the condition of your item, both the good and the bad points. If there is damage, mention it in the description and show photos. The more upfront and accurate the description, the more likely the buyer will be a satisfied customer who doesn’t demand his/her money back. Buyers will call you on any unmentioned flaws and cause you justifiable grief.
It’s A Buyers Market Online
Online auctions are more of a gold mine for collectible buyers, rather than for sellers. Buyers can search for the manufacturer, colour and/or style number. The old days when the world seemed larger and items seemed scarce are gone. Online auctions have reduced the perception that an item is rare. Before online auctions, antique hunters would have to scour high and low for their favourite item and often end up paying a high price. Now, with online auctions, the scarcity of collectibles is reduced when you can search, for example, a Coca-Cola picnic cooler and see that there are currently 78 available for auction on eBay. It brings the price down of these items - not so good for sellers.
Fees For Seller
Online auctions are set up so that there are no fees charged to buyers. All fees associated with an online auction are the responsibility of the seller. Keep in mind that listing fees, reserve fees, final auction fees and display fees are how the online auctions make their money. You’ll need to factor these cos
As Penn State professor William Rothwell ominously points out in the forward to Exit Right: A Guided Tour of Succession Planning for Families in Business Together, more than 40% of the people who run the closely held operations that comprise 80% of the North American economy will retire by 2007. It makes me wonder, what is going to happen to all of those businesses? Although it is a noble gesture, passing a business down to the next generation is more often than not, unsuccessful. In fact, statistics show that only one-third of all family businesses are successfully transferred to the next generation and only 13% are transferred onto the third generation.Many family business consultants say the primary reason for this low survival rate is the fa
Accuracy
Online auctions simply post your merchandise as described. They do not verify the accuracy of the item, that the merchandise actually exists or even guarantee that you will follow through with the sale. As a seller, you want to be as accurate in describing the condition of your item, both the good and the bad points. If there is damage, mention it in the description and show photos. The more upfront and accurate the description, the more likely the buyer will be a satisfied customer who doesn’t demand his/her money back. Buyers will call you on any unmentioned flaws and cause you justifiable grief.
It’s A Buyers Market Online
Online auctions are more of a gold mine for collectible buyers, rather than for sellers. Buyers can search for the manufacturer, colour and/or style number. The old days when the world seemed larger and items seemed scarce are gone. Online auctions have reduced the perception that an item is rare. Before online auctions, antique hunters would have to scour high and low for their favourite item and often end up paying a high price. Now, with online auctions, the scarcity of collectibles is reduced when you can search, for example, a Coca-Cola picnic cooler and see that there are currently 78 available for auction on eBay. It brings the price down of these items - not so good for sellers.
Fees For Seller
Online auctions are set up so that there are no fees charged to buyers. All fees associated with an online auction are the responsibility of the seller. Keep in mind that listing fees, reserve fees, final auction fees and display fees are how the online auctions make their money. You’ll need to factor these cos
Imagine that you have won a jackpot of US $20 million with a ticket of $5 lottery. Wow! That is some lovely daydream. It might not be the order-of-the-day happening, but it can happen to you, or anyone you know. People are winning huge prizes every day. One day, it could be you. That day could be tomorrow, or it could be today. Who knows? But before you think of winning, you should have a ticket or you should be playing in an inline casino.This reminds me of a nice joke a friend told me once – A man wanted very badly to win a lottery. This was an all-consuming desire for him and he prayed to God everyday for it. Outside this obsession, he was an excellent Christian and lived every day of his life according to the dictates of the Holy Book. As he wa
It’s A Buyers Market Online
Online auctions are more of a gold mine for collectible buyers, rather than for sellers. Buyers can search for the manufacturer, colour and/or style number. The old days when the world seemed larger and items seemed scarce are gone. Online auctions have reduced the perception that an item is rare. Before online auctions, antique hunters would have to scour high and low for their favourite item and often end up paying a high price. Now, with online auctions, the scarcity of collectibles is reduced when you can search, for example, a Coca-Cola picnic cooler and see that there are currently 78 available for auction on eBay. It brings the price down of these items - not so good for sellers.
Fees For Seller
Online auctions are set up so that there are no fees charged to buyers. All fees associated with an online auction are the responsibility of the seller. Keep in mind that listing fees, reserve fees, final auction fees and display fees are how the online auctions make their money. You’ll need to factor these cos
It really amazes me today how most corporations not only stay in business, but how they do the volume of business they actually do? I guess in many cases it comes down to the fact that when making a choice where you are going to do business for a particular product or service, and there's only one choice, your answer is pretty much made up for you.One company that really has me scratching my head is Verizon. How can a person call their order department and spend an average of 1 to 1 1/2 hours on the phone with a so-called trained representative who is taking the order, getting all its details worked out, only to have them not show up or even call on the preset install date. This happen to me personally, not just once, but two separate times.
Fees For Seller
Online auctions are set up so that there are no fees charged to buyers. All fees associated with an online auction are the responsibility of the seller. Keep in mind that listing fees, reserve fees, final auction fees and display fees are how the online auctions make their money. You’ll need to factor these costs when you are determining your selling price. Buyers generally pay for shipping and handling in addition to the final selling price. However, you can factor shipping into your price and indicate so on your auction. This is attractive to bidders because they know the final cost including shipping and handling and can help to draw bids to your auction.
Ebay offers a “Buy It Now” feature where sellers can list items at a fixed price rather than through an auction. The advantage to a seller is that you may sell an item quickly if a buyer is willing to meet your price. The disadvantage is that you’ll never know if an auction might have given you a higher price.
Determining Your Selling Price
The lower the starting price the more attractive the auction is to bidders. Don’t start your auction so high that bidders are turned off. You want to start a bidding frenzy, not scare off bidders. Avoid putting a reserve on an item unless it is of great value. You pay an additional fee and it doesn’t make sense for a low priced item.
Check Buyer’s Feedback
Feedback sections are common feature on online auction. This is the place on the auction website where buyers and sellers can check the reputation of the seller or buyer. Moreover, previous buyers and sellers can post their comments on their experience with an individual. It’s a good indicator as to whether the seller or buyer is an individual you would feel comfortable doing business with, but even a spotless record doesn’t mean that your experience will go as smoothly. After the auction is completed, check the buyer’s feedback immediately for any warning signs of non-payment or multiple returns. This information may help you to proceed carefully to complete a smooth transaction.
Post Your Return Policy
Let bidders know if you will accept returns or if all sales are final. However, a flexible return policy will make your auction more attractive to bidders.
Payment Methods
Avoid cash payments because if there is a dispute, there is no paper trail to document how much you paid. Credit card payments through PayPal, a secure third party company, are a very common payment method. Credit card payments protect both the buyer and seller if there is a dispute.
Insurance & Escrow
Insurance protects the buyer and the seller. It protects up to a preset amount but there are limitations with any insurance. Escrow services are widespread and a good idea for more expensive items.
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