Introduction
If you are looking for merchandise or any services then look into auctions overstock. This is an auction site where people can come together and list their items of interest and you can bid on them. There is usually some sort of software in place that is able to help with regulating the auctions.
Two ways to list
About the hardest decision is going to be which way to list your items. With auctions overstock you can have the normal auction where one item is listed and a price is set. As people come across the item they can place a bid. Each bid goes up in increments that are set by the auction site. There is also the type where you place your item up for auction and the site looks at what similar items have brought. This will be the price that is set for your item also. The best type is the first one described where the item is listed for a small amount and people can run it up.
Check sites before listing
You do not want to list your items on just any site. Take the time to check out what the company is, how long they have been around, and what people are saying about their experiences. Look into the fees that will be charged for listing items and then if they actually sell. With auctions overstock there is even a spot where the sellers talk about their trial and errors when listing their items. Pay attention to this section so you do not waste your time and make the same mistakes they did.
Even when the site seems like it would be a great place to list any auctions overstock if the fee structure is vague then do not list. This leaves it wide open for the site to charge more then what you were thinking would be charged. There is no reason for giving away most of your profits in fees. Instead look at the next site on your list and see what is offered on the site.
Bidding is serious business
When you are putting something up for auction bidders do not play around. In fact this is just as serious as standing on Wall Street all day placing bids and trading for stocks. Even though everything is done on line there can be a frenzy of bids within the last two minutes. Tempers can flare up here just like if you were standing in a crowd of people live. The only difference is you cannot see the person in the room.
Even though when you are first starting out things can be a little overbearing just hang in there and you will be a pro at it in no time. If you ever get confused and are not sure what you are doing then look at the auctions overstock F&Q where most of your questions will be answered. Remember once your item sales and the payment arrive it is time to push the package out the door. The quicker you are on getting it out the better the reviews will be about you.
