What you need
When purchasing and selling on the internet you will need, of course, a broadband connection to check bids, which has to be done regularly. You will also need either a regular bank or credit account, or an on the internet money transfer service like Paypal. Once you have all these, you are ready to sell or shop.
Where to start
Search the web for the most popular online auction marketplace sites. Ebay or Madbid is usually best choice because of its long standing reputation. You will find others out there but auction web sites is where majority of the market is. Check out the website and create an account. Have a few minutes of your time to read the terms to make sure that your business will not break any rules and to familiarize yourself with the interface. Once you?re confident that you?re good to go, you can start selling or buying.
Rules of online auctions
With regard to sellers, the rules are really quite simple. When you?re doing business online, you have to keep it real. Honesty goes a long way. You can sell whatever you want on the web at whatever price you want but you have to tell your purchaser exactly what they are getting. Should you place an item up for bid, you have to be really prepared to let the item go and sell it to the highest prospective buyer. When describing your merchandise, there has to be no hidden defects. A person mustn?t promises anything if you are not willing to honor the promises. And finally, you must not sell stolen merchandise. Internet based auctions have some kind of a reputation meter. This feature allows buyers to rate the seller and add credibility to the seller. If you get all positive reviews, chances are, you will get more customers in the future. Also, set up multiple ways to get paid and not just 1.
Buyers can immediately place a bid on any item as soon as signed up for the site. However, before you start, you have to be sure that when you place a bid on an item, you're certain that you are really interested. Should you don?t have enough money, don?t bid. If you are the greatest bidder, make sure to really purchase the item from the seller. You must take advantage of the site features that will permit you to do a little background checking on the sellers. When discount hunting, you must prioritize buying only from reputable retailers. If you are buying from a new seller, you must not be afraid to inquire about.
Internet auctions can be a truly fun way to shop. It can be addictive and may take a couple of hours of your time each day to buy or even sell an item. However, make sure you follow the simple rules so you can continue doing business on these sites and to make sure you don?t get a bad reputation from other users.
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Source: http://forum.designmp.net/showthread.php?tid=8620
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