Online Auctions: 10 Secrets You Should Know Before Bidding At An Online Auction


You may have heard about ebay and other online auctions.

You may have participated in some of the biddings.

But before you do the next bidding for a product or service, here are some few important secret tips to help you:

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 the 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 out bid 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.

Warmly,

I-key Benney, CEO

I-key, a Millionaire CEO from New York City is the creator of "Mscsrrr: Millionaire Secret Cash System", home based business, online investment opportunity (http://www.mscsrrr.com) which has helped thousands of ordinary people from all over the world to attain financial security and shining success during the past 2 yrs.

Mscsrrr Millionaire Cash System helps you to generate $1,500+/Week for life, from home or office, part time or full time. No large investment or hassles. Win $1000-$2000 free "cash".







Related News



Auction house eBay axes 1000 jobs - guardian.co.uk

ABC News

Auction house eBay axes 1000 jobs
guardian.co.uk, UK -3 hours ago
Online auction house eBay is axing 1000 jobs or 10% of its global workforce as it looks to save $150m (£85m) a year in the face of slowing sales, ...
EBay Will Cut 10% of Jobs as Auction Growth Slows (Update1)Bloomberg
Auction anxiety - eBay cutting 1600 jobsExaminer.com
eBay Workforce High Bidder in Pink Slip AuctionAll Things D Blogs
Los Angeles Times - International Herald Tribune
all 528 news articles

BoE's $10 bln overnight auction covered 1.05 times - Forbes

BoE's $10 bln overnight auction covered 1.05 times
Forbes, NY -7 hours ago
LONDON, Oct 6 (Reuters) - The Bank of England said on Monday it received bids worth 1.05 times the amount on offer in its auction of $10 billion overnight ...

Vectren Ohio Conducts Natural Gas Auction on World Energy Exchange - Canada NewsWire (press release)

Vectren Ohio Conducts Natural Gas Auction on World Energy Exchange
Canada NewsWire (press release), Canada -5 hours ago
The auction resulted in a retail price adjustment of $2.35 per thousand cubic feet (Mcf), which will be in effect from October 1, 2008 through March 31, ...

Credit crunch crushes art auction - BBC News

Reuters

Credit crunch crushes art auction
BBC News, UK -4 hours ago
Asia's contemporary art market suffered a blow at the weekend as bidders failed to buy several paintings at a major Sotheby's auction in Hong Kong. ...
Masriadi Breaks Post-Lehman Stupor at Hong Kong Art AuctionBloomberg
Pop Goes the Bubble in Chinese & Indian ArtBusinessWeek
Weak Sales for Sotheby's in Hong KongWall Street Journal
BusinessWeek - Bloomberg
all 43 news articles

Fed's to offer $150 bln in TAF auction today - Forbes

Reuters

Fed's to offer $150 bln in TAF auction today
Forbes, NY -1 hour ago
WASHINGTON (Thomson Financial) - The US Federal Reserve today will auction $150 bln to depository institutions through its Term Auction Facility (TAF) in an ...
Fed lends $5.88 bln Treasuries to dealers at auctionReuters
Fed pumps billions more into banksCNNMoney.com
Overnight Commercial Paper Rates Rise as Bank Bailouts SpreadBloomberg
TheStreet.com - Reuters
all 596 news articles

Auction clearance rates healthy - The Age

Courier Mail

Auction clearance rates healthy
The Age, Australia -12 hours ago
Claims by a Sydney-based research company that auction clearance rates across Australia will remain at record lows unless interest rates are "reduced ...
Property comeback on holdThe Australian
all 16 news articles

Bidz.com Launches Arabic-Language Version of Its Popular Online ... - Business Wire (press release)

Bidz.com Launches Arabic-Language Version of Its Popular Online ...
Business Wire (press release), CA -5 hours ago
The Arabic-language site is the second in a series of non-English sites, which will seek to tap into the auction site’s attractiveness around the world and ...
Bidz.com Launches Arabic Language WebsiteDiamonds.net
all 10 news articles

• Big Papi bed auction winner one classy dude - The Republican - MassLive.com

• Big Papi bed auction winner one classy dude
The Republican - MassLive.com, MA -1 hour ago
RSM: What drew you to the auction? It's obviously a worthy cause, but many fans might have scared away by the high cost of bidding. ...

Treasury Department Releases Response to Bailout Bill - RTT News

Treasury Department Releases Response to Bailout Bill
RTT News, NY -1 hour ago
In the statement, Anthony Ryan said the Treasury Department would make "adjustments to the auction calendar" in order to "address the increased funding ...
The Fed gained the authority to pay interest on reserves under the ...Bloomberg
Treasury announces plan to boost debt auctionsWhite Rock Reviewer
all 213 news articles

Sports fans vie for memorabilia at Ohio auction - Akron Beacon Journal

Sports fans vie for memorabilia at Ohio auction
Akron Beacon Journal, OH -3 hours ago
Fans now own pieces of Ohio sports history after digging deep into their pockets during an auction in Cincinnati. Sunday's sale featured items from the ...
Auction draws sports fans, cashCincinnati.com
Sports collectibles on blockCincinnati.com
all 10 news articles