| Online auction sites allow buying and selling online. This | | | | When buying from an auction site you need to set a |
| has made the trading process very easy. Online | | | | limit for yourself. Often buyers get overwhelmed with |
| auction sites are very popular and the number of sites | | | | the product and the entire bid process and they end |
| is increasing rapidly. These sites are a host to a | | | | up paying more for the product than they intended to. |
| number of sellers who post their items for sale either | | | | Buying and selling online is risky and you may end up |
| through a direct sale or a bid. If the item is put up for a | | | | with a product that was falsely advertised. In order to |
| bid then buyers can place a bid as per the amount | | | | prevent this you need to check the seller's reputation. |
| they deem fit for the product. If they are outbid they | | | | Most large auction sites list a review about the seller. It |
| can rebid. All bids have a specific time limit. Those | | | | is in your best interest to check the seller's reputation |
| items that are put up for a direct sale will have the | | | | and al comments made by previous buyers. |
| item price on it and buyers can make their purchase. | | | | Tips for sellers |
| Tips for buyers | | | | Buying and selling online is a good business however if |
| Online auction sites and retailers accept various modes | | | | you want to be successful as a seller there are |
| of payment. This makes buying and selling online an | | | | several points that you need to keep in mind. |
| easy process. However as a buyer you need to | | | | If you want to be successful at selling products online |
| protect yourself before you give out any personal or | | | | you need to list the items that are in high demand. |
| banking details on any site. If you are making your | | | | Another trick is to list those items that are rare and |
| purchase with your credit card then you must ensure | | | | hard to find in local markets. |
| that the site has a secured check out. This will help | | | | When listing your product you need to be very |
| you to make a purchase without having to worry | | | | specific. List the product and model number, color and |
| about credit card fraud. Instead of using your credit | | | | any other relevant specifications. Do not forget to list |
| card you can also use other modes of payment like | | | | the number of products that are available. Mention the |
| Pay Mate and Paypal. These are alternative ways of | | | | warranty and guarantee information too. |
| paying the seller. These are safe payment methods as | | | | In order to increase traffic to your listing you must add |
| you do not have to share your bank details with the | | | | an image of the product. |
| seller. | | | | You need to build a good reputation with your |
| As a buyer you need to research the product that you | | | | customers. Inform them as soon as they win a bid or |
| want to buy before you make your purchase. Look at | | | | as soon as their orders have been shipped. List your |
| the product on different websites before you | | | | contact details on the site so that potential buyers can |
| checkout the product on any site. Do not get deceived | | | | contact you if they have any queries. |
| by the picture. Read the product specifications before | | | | Pay attention to the feedback that you receive and try |
| you buy. Also look at reviews on other sites about the | | | | to improve on any negative feedback that you |
| product. Feedback from previous buyers also helps | | | | receive. |
| you to make an informed decision about the product. | | | | |