10 Things You Should Know Before You Bid On A Business Product From An Online Auction

żby: William R. Nabaza

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.

About The Author

William Nabaza of www.Nabaza.com specializes in domains, webhosting, webmaster's tools, netpreneur's articles and resources. Stands out as a freebie provider, business opportunity provider and the like. Visit his site at www.nabaza.com or contact him directly at william@nabaza.com.

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