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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.

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TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Thu. April / 26 / 2018

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Waiting for auctions hurts Goa's workers - Financial Express

Financial Express

Waiting for auctions hurts Goa's workers
Financial Express
The Supreme Court, in its February 7 order, directed the Goa government to stop all mining operations from March 16, 2018. The court directed that no mining operation should start until fresh mining leases are granted. Nowhere in the order did the ...

and more »

Martha Stewart's studio props up for auction - Midland Reporter-Telegram

Midland Reporter-Telegram

Martha Stewart's studio props up for auction
Midland Reporter-Telegram
BEVERLY, Mass. (AP) — The pots and pans that once appeared on home decor and food expert Martha Stewart's television shows may soon find a place in someone's home. The Salem News reports that Beverly, Massachusetts, auction house Kaminski Auctions is ...

and more »

SNT Media bankruptcy sale set for next month - Wichita Business Journal

Wichita Business Journal

SNT Media bankruptcy sale set for next month
Wichita Business Journal
If you're in the market for light fixtures, televisions, computers or office furniture for your home or business, you may want to attend an SNT Media bankruptcy sale scheduled for next month in Wichita. Bud Palmer Auctions is handling the bankruptcy ...


Punjab: Auction of panchayat land to begin from April 30 - The Indian Express

The Indian Express

Punjab: Auction of panchayat land to begin from April 30
The Indian Express
The panchayat department of the Punjab government is busy in preparing schedule for upcoming auctions of Panchayati land across the state to be given on annual lease. The auctions are expected to start by April end. Punjab has a total 1.57 lakh acres ...

and more »

Baseball document, thought worth millions, spurs court fight - Danbury News Times

Danbury News Times

Baseball document, thought worth millions, spurs court fight
Danbury News Times
LOS ANGELES (AP) — One of the most valuable pieces of baseball memorabilia — a copy of the 1876 National League constitution that established business practices that remain the norm today — is at the center of a legal dispute between the family of a ...

and more »

CBN auctions N230bn Treasury bills via OMO - BusinessDay (satire) (press release) (blog)

BusinessDay (satire) (press release) (blog)

CBN auctions N230bn Treasury bills via OMO
BusinessDay (satire) (press release) (blog)
The Central Bank of Nigeria (CBN) on Thursday moped-up a total of N230 billion in treasury bills from the banking system via Open Market Operations (OMO). The breakdown of the OMO auction revealed that N190.00 billion was offered for 245 days tenor at ...

and more »

China's fifth corn auction clears 2.6 million mt from stocks - AgriCensus

AgriCensus

China's fifth corn auction clears 2.6 million mt from stocks
AgriCensus
The fifth in a series of corn auctions has seen another 2.6 million mt cleared out of China's government stocks, the country's National Grain Trade Centre said Thursday. In keeping with the recent approach, auctions were held in the four northern ...


Happy Valley-Goose Bay SPCA spring auction underway soon - The Labradorian

The Labradorian

Happy Valley-Goose Bay SPCA spring auction underway soon
The Labradorian
Happy Valley-Goose Bay's local SPCA shelter is preparing for its annual online auction. The SPCA is no stranger to successful fundraising events. Bonnie Learning, a longtime SPCA volunteer and board member, says, “we are now in the middle (as of this ...

and more »

Boots and Beer auction on May 4 - Dodge City Daily Globe

Boots and Beer auction on May 4
Dodge City Daily Globe
Food, beer, boots and auctions will fill the Hoover Pavilion in Wright Park on May 4 for the Boot Hill Museum. The 8th annual auction will be raising money for the upcoming expansion plans for the museum. "This year, there will be more foods for people ...


Happy Valley-Goose Bay SPCA spring auction underway soon - The Labradorian

The Labradorian

Happy Valley-Goose Bay SPCA spring auction underway soon
The Labradorian
Happy Valley-Goose Bay's local SPCA shelter is preparing for its annual online auction. The SPCA is no stranger to successful fundraising events. Bonnie Learning, a longtime SPCA volunteer and board member, says, “we are now in the middle (as of this ...

and more »

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