Small Business Resource Power Point Series. Online Auctions. Benefits of Online Auctions. No start up costs; it’s free to register as a buyer or seller – all you need is a credit card to confirm your identity.
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No start up costs; it’s free to register as a buyer or seller – all you need is a credit card to confirm your identity.
Simple user-friendly set up means that you are ready to start selling within minutes.
Pre-defined categories make it easy for you to list your product and target it to a ready-made customer base.
Showcase your products 24/7/365 and make money whilst you sleep!
Expands your local market to an international customer base of millions.
Flexible - work from home, or anywhere with access to a computer.
No risk – payment clears before despatch so there are no bad debts.
Provides a shop window for your products without the need for additional expensive software or merchant account facilities.
No packaging and delivery costs – postage and packaging are paid by the customer.
No overheads other than the cost of your internet connection and, in some auctions, a small fee based on the value of the item sold.
Test market your product pricing.
Clear excess or discontinued products.
Free advertising and increased traffic by including a link to your website.
Make a business out of selling products for other people and charging a commission.
By selling at auction you can sometimes secure a higher price for your product.
Describe the goods as fully as possible.
Set a low starting bid to generate more interest.
Set a reserve price to ensure you don’t lose money!
Make sure you list the item in the correct category.
Use a picture to enhance your listing.
Accept as many different forms of payment as possible.
Respond to email promptly and courteously.
Look after your customers.
eBay Auctions www.ebay.com
Yahoo Auctions www.yahoo.com
QXL Auctions www.qxl.com
PayPal Credit Card US$ www.paypal.com
Nochex Debit Card UK£ www.nochex.com
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