The Web’s Best Online Auction Sites

The best online auction links for buyers and sellers are – not surprisingly – eBay, eBay and eBay. eBay began the entire wacky world of online auctions back on the Labor Day weekend of 1995. By any definition, this is one of the most successful sites in the world, and certainly offers the greatest number and variety of goodies for buyers. Generally, sellers make more money on eBay than elsewhere.

Sometimes, though, we might wonder about the future of eBay, because the sheer volume of goods for sale might bring this giant to a halt. Today, for example, there are 425,641 sports card auctions. Many of these are dutch auctions – meaning the sellers are offering multiple items. So the actual number of cards for sale is even higher than the gigantic list of auctions. If you are a seller trying to auction a few cards, and you aren’t really skilled in the business like Auction Genius Course students are, what are your chances of selling? Is it possible that in the future sellers might be looking for other options if they can’t sell their goodies?

Here are some of the best online auction links if you’re looking for life outside eBay:

Yahoo Auctions: (http.auctions.yahoo.com)

Being Yahoo, this is naturally the biggest competitor to giany eBay.

Amazon Auctions: (http://amazon.com)

Amazon was more serious about their online auctions in the past, but has added many more retail buying features in past years.

ePier Online Auctions: (http://epier.com)

One of the best alternative online auction links is ePier. These folks stuck it out for 2 years before making a profit, but are doing well now. As sellers, we can only cheer about the competition.

Bidville: ([http://www.BidVille.com])

This general online auction site is small fry, compared to the giants, but depending on what you’re selling, this might be a big advantage.

uBid: ([http://www.ubid.com])

uBid is one of the best online auction sites for buying multiple items for resale. Its claim to fame is “bid on brand names starting at $1”.

Bidz: ([http://web-1.bidz.com])

Bidz is the home of the “2 minute” auctions which are fast and lots of fun. Warning: it’s easy to get caught up in the auction fever of the moment and get carried away, so approach with caution.

These are some of the very best online auction links, but it’s by no means a complete list. The opportunities for online auction selling are truly staggering and smart sellers neglect no possibilities.

12 Kinds of Antique Products You Can Sell Through Online Auctions

All kinds of antiques, from dolls to furniture are certainly great sellers. But most of us are not antique dealers and may not know or care enough about them. So here are twelve things that sell like crazy that you can profit from using online auctions. (The list is not in priority order.)

1. Coins

A lot of people are coin collectors. You can buy on the Internet all kinds of foreign coins; pesos from Mexico, and coins from Brazil. Now we have the Euro, coins in the old money can only increase in value as they become a rarity.

These are very cheap coins. Some people have packaged them, like one hundred coins of the world, and they have sold at auction for £60 and £70. Many of those coins, like the Mexican peso and Brazilian one peso coin is less than a penny.

Also, Indian Head pennies and old silver, and even some current silver that’s not that old, what’s called junk silver, but it is still silver, is very popular. Some people bid this stuff up far more than what you can buy it for as base metal. It’s crazy, but that’s how it is.

2. Pocket and hunting knives

Both old and new pocket and hunting knives are very popular items. This category also includes swords.

It’s not for everyone, but if you are interested or have some knowledge of survival skills using knives, or find the history of swords fascinating these items do well online.

3. Watches and Rings

People are into some unusual watches and rings. Some of the turquoise watches and jewellery from New Mexico, was originally popular twenty years ago. But then it went out of fashion and nobody would wear it. Now, once again, it is popular.

If you can buy that jewellery at a good price, you can double and even triple your money.

4. Music boxes

Music boxes are very collectible and highly popular. They are relatively easy to ship to customers. A visit to any junk shop, car boot sale, antiques mall or market will usually yield at least one music box.

5. Holiday Season Items

All kinds of unusual items linked to Easter, Christmas and Halloween are extremely popular. People have bid items in this category way up.

6. Native American Indian Arts and Crafts

Anything to do with Indian arts and crafts is big business especially in the USA, UK, Germany and Belgium. Old arrowheads are popular, blankets, saddles, beadwork, all sorts of things connected with the Native American nations.

7. Religious Items

It doesn’t matter whether the religious items are Christian, Jewish, Islamic, Hindu or any other religion. They are all very popular.

In the Middle East they have “worry beads.” I had an Arab friend many years ago that gave me some. They don’t cost much money. I’ve seen them bid up to £25.

8. Rocks and Fossils

Rocks and fossils are very popular, perhaps because they are so collectible – they take little room up but a collection can be startling and interesting.

9. Bedspreads and Quilts

The star quilts of the North American Indians are very popular as well as the varied quilts made by the Victorians. Still a popular craft today, even modern handmade bedspreads and quilts can fetch a good price.

10. Perfumes and Colognes

This includes perfumes and colognes for both men and women. Especially name brands at a discount where people can bid for it, but get it for lower than the £50 it might normally sell for in a big department store.

11. Regional Items

Regional items have increased in popularity. People, who live in Arizona and New Mexico, California, Texas, can slip past the border and pick up Mexican arts and crafts extremely cheap, and yet double and triple their money on eBay.

If you don’t live in the States, but take a holiday in Mexico or South America, you may still find this lucrative. This category also covers tourist items bought anywhere in the world; such as African beadwork, dolls in the costume of the country, china from seaside towns in the British Isles, handbags from Egypt, it’s endless. As an aside, there is a vast, thriving market in British seaside trivia from pre-1970s.

12. Autographs

If you know, or have, anything that was signed by a famous person; a rock star, movie stars, presidents, whatever, they are bidding these up big time on eBay and the other auction sites. Some collectors’ are also keen to bid for a famous person’s item of clothing or lock of hair.

So, that’s just a summary of twelve categories that sell well through Internet auctions.

Of course you can sell thousands of other items. All sorts of books sell, for instance, there is no question about that. I’ve sold books and I’ve had three or four different companies buy books from me and resell them on eBay, Yahoo and other auction sites. However, you must either buy or print books cheap enough that you can ask for big enough discounts.

For example, a £25 book might get auctioned off at £6 or £7. Now if you bought it for £2, or printed it for £2 it shouldn’t be a problem making a steady profit. The profit margin is big enough for you to walk away with cash in your pocket.

The History of the Online Auction

When one thinks of online auctions today, the name eBay certainly comes to mind first. This website was the first in what is now a history of the online auction, which began in 1995, when Pierre Omidyar sold his first item. The item was a broken laser pointer, which sold for $14.83 to a man who collected such objects.

The history of the online auction was born with that sale, and has continued to grow by exponential amounts since the first day. Omidyar quickly found that his hobby of creating an online garage sale needed to become a part-time business, which grew to a full-time endeavor within a very short period of time.

In many ways, it’s thanks to eBay that other online auction sites exist. Amazon.com became a fierce competitor throughout the late 1990’s, as did Yahoo! Auctions, who actually still have majority market share in some countries.

Other auction sites, while not as big, managed to leave their mark. ePier, started by a couple of poor students, has been one of the few auction sites to withstand all storms and continues on today.

Today, there is a definite move away from auctions to more traditional methods of selling. Craig’s List and other online classifieds are gaining popularity, and Amazon.com’s open retail market has also gained quite a bit of market share with individuals peddling goods from their garage.

However, much of their success is owed to the early pioneers of online auctions. Undoubtedly, there will be new technologies and new companies that take the market in a different direction, leaving online auctions to be enjoyed by a niche group, just as it was in the beginning.

How To Sell On Online Auctions

Ah the vastness of the internet. Seems like a place where dreams are made and broken, where millionaires and has-beens all vie for that internet pie that promises massive financial gain and open ended answers to every question. The online auction has become a simple of the transaction of goods on a global scale, the international yard sale where everyone can and will exchange everything. So you may be familiar with the idea of buying stuff on eBay and Amazon, but how do you go about selling on online auctions?

In order to sell on an online auction, you must understand the nature of the auction itself. An auction is essentially a large clearing house where anyone can attempt to put up anything for sale at any given time. So, if you intend on utilizing any one of a number of online auctions, first decide what is your goal. Define you goals so that you can get more out of the online auction scene. Do you want to sell a single item of yours that has been collecting dust in the garage or do you want to make a business of buying goods and then selling them on the internet? If the latter is the case you need to make a strategy.

If you are interested in testing the water by selling a few items on an online auction, the first step is to make an account. You will need a way to accept your payments for any item you successfully sale. The easiest and most convenient way to do this is to open up a Paypal account, and have it anchored directly to your bank account. After you have managed your payment scheme, you need to take a look at how other people who are selling similar items to what you want to sell list their items.

Take note of what you like, what makes you incline towards a particular poster. Now, once you have gathered a decent amount of back knowledge on how to list an item on an online auction for sale, you need to take pictures of your item, and list it with a decent description. Remember, that the rates which you start bidding will determine how quickly interest will be shown in your particular item. Also, sometimes it isn’t the price that sells a particular item, rather it is the rich description and pictures. So take your time and list your item properly in such a way that you would love to buy it if you were in need of it yourself. Finally, after you make a sell, make sure you follow through with quick delivery. This weighs a lot on the probability of repeated sells.

If you intend on selling on internet auctions as a business endeavor, much of the same techniques listed above should be utilized. Obviously, you will need to acquire a steady supply of items to list, and your ability to acquire items that are in demand will weigh on your ability to steadily make profits. Always keep in mind basic business theory when you are utilizing online auctions.

In conclusion, if you organize your efforts well, you have a large potential to make decent money by selling on online auctions. Even if you don’t intend on making it a business, selling on online auctions is a great way to clear out the garage. Have fun.

Auction Audacities – Ways People Scam Online Auction Users

You can find just about anything on eBay these day’s a random browse brings CDs, clothing, cars, and skin to your computer screen. That’s right, I said skin. One man recently auctioned patches of his body to advertising companies, who tattooed their logos on to him. EBay isn’t the only site for surfers bit by the auction bug. There are literally hundreds of sites on the web where you can sell your useless crap and use the money to buy someone elses useless crap. It’s a flea market if I ever saw one-just online. And hey, it’s not all junk. You can find some great deals on auctions sites.

One problem: People are getting scammed, which turns them off to these types of sites altogether. Of course, security is bound to be an issue whenever the Internet and money are involved, but with online auctions, individuals are in control, not corporations who are more trustworthy with business transactions. 99 times out of 100, the relationship between auctioneer and buyer will go smoothly, but just in case, here’s the top five ways users will scam you. Don’t become that minority who walks away from a deal having lost both money and item.

1. Phony Users. I don’t know what the reason is behind it, but some users will bid on items when they never have any intention of purchasing it. Your auction will be over, and the user will cancel his auction membership and disappear-and there’s not much you can do to stop him. Most auction sites charge a fee to sell items, so not only do you still have the unwanted item on your hands, but you also have lost money trying to sell it.

One way to prevent this from happening is to closely keep track of you auction. When the auction closes, take note of the second and third runners up. That way, if the winner bails on you, you can contact the others to see if they are still interested in purchasing the item from you. At some sites, you also have the option of only accepting bids from confirmed users-these are bidders who have either won and paid for items in the past or who have their own auctioneer’s account set up with the site. Check the guidelines, because every site is a little different on their definition of “confirmed buyer.”

2. Stolen Credit Cards. If you own a business and choose to accept credit cards, be careful about how you do this online. When a user pays with a stolen credit card, it may take a few days for the rightful owner to realize it’s one. Guess what? You won’t get the money for your item, which is already in the mail-as good as gone.

Credit card payments are tricky, and I don’t recommend using them unless you own a business with an online website that has credit card payments available. If not, call the credit card company. The name and address that the user provided for shipping should be the same name and address on the card. Companies are glad to check their records for you-it saves them time and money when their cards are stolen. If it doesn’t match up, decline the card and ask for payment in another way.

3. Shipping and Receiving Scoundrels. Whether you’re the buyer or seller, you should be cautious about the exchange of money and goods. Users can easily take your money or item and disappear without sending you what you’re due.

In most conditions, it is the buyer’s responsibility to send payment first. If you’re using a personal check to pay for an item, date the check two weeks from the day you send it. That way, if the seller never sends the item, you can cancel your check before its cashed. The best choice, especially for larger items, is to use an escrow service. These companies act as a go-between for buyers and sellers.

Check with the Better Business Bureau or Consumer Reports before selecting a service to make sure they aren’t scamming both buyer and seller by disappearing with the item and the money, both at once.

4. Check Bouncers. As with stolen credit cards, buyers can easily scam sellers by sending them checks that are no good. You receive the payment and mail the item, but when you go to cash the check, you find out that it is worthless. Don’t shoot yourself in the foot-use a third party service instead.

Third party payment services, the most popular of which is paypal, allow people to create free online accounts to transfer money. Using a bank account or credit card, you can send and receive money almost instantly, which prevents users from stealing your stuff. This is the best option for payment after an online auction.

5. Identity Thieves. As with any online service, you need to be very careful with your personal information to prevent identity theft. These crooks are getting very sneaky, often the e-mails or messages you receive from them look and sound very official. As people are getting more web-savvy, so are cyber criminals.

Use a well-known auction site that you trust. These sites should never ask for information like your social security number. Most of the time they won’t be the ones trying to scam you. Other users will use their company name to send e-mails demanding such information. If you get something in your inbox that looks fishy, forward it to the company or give them a call, and professionals there can tell you if it’s legit. These sites will also never ask for your user name and password in an e-mail, so beware of claims that this information is needed.

Use common sense. The information you share online should be limited and you should always take preventative measures to protect yourself. Sites are only as secure as their users, so if you get scammed, most times you only have yourself to blame. Before signing up with any auction site, check their policies. Knowledge is the key to keeping your online transactions protected so that you can buy and sell all the personal property, goods and services you want. Before long, that green and orange polka-dotted couch will be yours.

Industrial Equipment: 5 Benefits Of Online Auction Sites

If you are planning to buy industrial equipment online, try out online auction sites as they offer a lot of benefits. Nowadays, whether it’s a toothbrush or heavy machinery, we can buy everything online from the comfort of our homes. Given below are some of the main benefits that you can enjoy if you choose to buy your desired machinery at an online auction. Read on to know more.

1. Convenience

Convenience is the number one benefit of using an online auction. It doesn’t matter where you live. All you need to do is place your bid. Since you can search for your desired machinery online, you don’t need to leave your house. You can do your research whenever you have time to find out the required information.

2. 24-hour Access

Another great benefit of online auction sites is that you can place your bid at any time of the day or night. You may think it’s not a big deal, but it’s a great benefit. Timezone won’t be a hurdle in your way, which means you won’t miss out on an opportunity just because you live in a different timezone than the seller.

3. Instant Feedback

Instant feedback is another benefit you can enjoy if you choose to use an auction site. It can be painful to find out if your offer was accepted. If there are a lot of offers, you may have to wait for several days for feedback. If you do your business on the Internet, you can enjoy instant feedback.

4. Budget-Friendly

If you are on a budget, you can save plenty of time and money by using an auction site. Since buying industrial equipment is a huge investment, you have to shop around to make sure you choose the right type of machinery. If you choose to buy online, you won’t have to travel to a lot of shops.

This is a huge benefit, especially if you are going to import the machinery from a far away destination where you can’t go because of your busy schedule.

You can save a good deal of money by reducing your traveling expenses. Now, you don’t need to spend on gas and roadside dinners.

5. Variety

When we buy something, we tend to choose from a variety of that product. This makes it easier for us to get exactly what we want. This is another huge benefit that you can enjoy if you head to an online auction site to buy industrial equipment.

Since online searches don’t take more than a few minutes per day, you can easily find out what you need without spending a whole day. On auction sites, you can choose exactly what your business needs. All you need to do is use the filter feature wisely.

The Takeaway

So, these are 5 benefits of buying your desired industrial machinery at an online auction. Just make sure you choose a reliable online auction and use the filter feature to see the list of relevant machinery only.

Advantages of the Online Auction Business Model

Online auctions have become a popular way for many people to make money. The online auction business model includes one party that sells products and services, while another party bids to purchase them.

There are a number of advantages of this online auction business model. A few of them are listed below.

No geographical limitations : This is a strength of the online auction business model that is inherent by the fact that it is "online." The Internet allows sellers and bidders to participate in online auctions from anywhere in the world. A seller in Japan can put up a doll on an online auction site that can be bid on by bidders that reside in the US The "cost" of participating in an auction is essentially zero. This advantage also increases the number of products and services that can be listed, leading to an increased number of sellers and bidders.

No time constraints : Items can be posted on auction sites at any time of the day, and bids can be made on items any time of the day as well. And since items are listed for usually one to 10 days, potential bidders have a lot of time to ponder their bid.

Many bidders : Since online auctions allow for the potential to find a wide variety of items at lower-than-retail prices, it draws many consumers to try their hand at getting a bargain through an online auction. The ease of the bidding process also attracts consumers, who can bid from their computers in the comfort of their own home.

Many sellers : On the other hand, the potential to sell items at higher-than-retail prices also draws many sellers. Selling their items through online auctions also reduces their selling costs, and is also very simple and easy to do.

Joy of winning : Part of the fun pertaining to the entire bidding process is seeing whether or not you will "win" the auction and get the desired item. This aspect of the online auction process attracts many bidders who find the win just as rewarding as the