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Hectorjayat | hectorjayat

10 Things You Should Know Before You Bid On An online Auction

Jul 18th 2010 at 5:46 PM

10 Things You Should Know Before You Bid On A

Business Product From An Online Auction


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




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.


Until Next Time
Your Friend, Hector Jayat




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