10 Things You Should Know Before You Bid On A
Business Product from an Online Auction
Copyright © Stone Evans, The Home Biz Guy
1. Know the value of the product before you bid. If the product is
brand new, check to see what price retailers are charging for it. If the
product is used or reconditioned, you will want to pay way less than the retail
value.
2. If the product's description or picture isn't detailed enough for
you, contact the merchant to get more information before you bid. You don't
want to take a chance to waste your hard earned money.
3. Know the highest price you will bid for the product and stick with
it. Don't get caught up in a bidding war; you may end up paying more than the
product's worth. Don't forget to add in the shipping price with your bid.
4. Visit a few online auctions before bidding because some merchants
auction the same product in many auctions. You usually can purchase the product
for a lower price in a unpopular auction because there are less bidders.
5. Know the time the auction begins and ends. You also want to know
how long it will take to ship. If you need the product by a certain date,
you'll want to estimate the time it will take to receive it.
6. Know the payment options the merchant accepts before you bid on
their product. If they only accept checks or money orders, it may take even
longer to get the product because the payment has to clear. If they accept
credit cards make sure they have a secure server.
7. Know if the merchant offers a warranty or money back guarantee or
before bidding on a product. You don't want to get stuck with a product that
does not work or you're not satisfied with.
8. Online auctions will, sometimes, allow you to check the merchants’
history with their auction. Check to see if people have complained about their
products or business practices before you decide to bid.
9. It’s important to place a bid early in the auction to show other
bidders you are interested in the product. If someone does out bid you, don't
be afraid to outbid them. Remember not to go over your maximum bid price.
10. Another reason to know when the auction ends; you can place a last
minute bid. The other bidders may not be keeping track of when the auction ends
or may not have the time to bid again.
About the Author:
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Stone Evans helps ordinary people all over the world make money online
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Quote of the Day:
"There is a time in every man's education when he arrives at the
conviction that envy is ignorance; that imitation is suicide; that he must take
himself for better, for worse, as his portion; that though the wide universe is
full of good, no kernel of nourishing corn can come to him but through his toil
bestowed on that plot of ground which is given to him to till. The power that
resides in him is new in Nature, and none but he knows what that is which he
can do, nor does he know until he has tried." -- Ralph Waldo Emerson
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