RS Discount Auctions



What To Do After Your eBay Auction Closes


So your auction closes. Now what?

Hopefully you made a sale or several sales. Now the important work begins. Here are some tips on what to do after your eBay auction closes.

Buyer Contact

Once your items have sold, be responsive to the buyer. Contact them in a quick manner, thank them for their purchase, and provide the required information for payment.

Professional Wrapping

When you wrap your items, wrap it professionally in nice, clean tissue paper. If breakable, be sure the item is wrapped with bubble wrap as well. Include a business card with your website information, name, address, or a printed out statement showing the items name, items number, price paid, and a small hand-written note thanking the buyer for their purchase.

Insurance

Insurance is usually a good idea but in general, it should be an optional feature, with the decision left to the buyer. Remember two important things about insurance. First, insurance is VERY inexpensive. Therefore, in your description, you should state how much insurance would cost and recommend it. Second, you should also state in the description that if insurance is not purchased, you are not responsible for lost or damaged items.

Go the Extra Mile

You want every customer to be a happy customer. If you have to do a little more research on shipping, or negotiate on price, remember that the customer is the reason you will have success. Therefore, be prepared to go the extra mile in providing them with superior service every single time.

Negative Feedback

Unlike other sites that use a feedback system, eBay's feedback is sacred and taken very seriously. Negative feedback is never removed. Therefore, if you leave negative feedback rather than trying to handle a tough situation between you and the seller, this could give you a bad reputation. If people see that you consistently leave negative feedback because your buyer did not pay as quickly as you like or whatever reason, buyers will be leery of buying from you in fear of getting negative feedback themselves should something go wrong.

Trustworthiness

It is extremely important that you handle your account with integrity. The number of positive comments and amount of stars earned are what will be the deciding factor for many buyers. Be professional, polite, and stand by what you sell.

Sending Items

In your description, provide accurate details regarding shipment. Make sure the item(s) are sent within the time you stated. In many cases, people purchase something for a specific purpose and if you do not ship it when stated, not only do you mess up their schedule for the item but you have probably lost a customer and opened the door for a negative feedback.

Communication with Buyer

It is your responsibility to contact the buyer at the end of the auction congratulating them on winning the item(s). Issue an e-mail requesting their shipping address. Once they provide that information to you, let them know when the shipment will go out, which should coordinate within the timeframe provided in your auction description. If you know the shipping charges, advise them in this same e-mail. Once payment has been made, send another e-mail to the buyer confirming that you received their payment and that the item(s) will be shipped on X day via (US priority mail, UPS, Fed-Ex, etc.). Once you have a tracking number, send that to the buyer as well. This will allow them to follow the tracking themselves.

Integrity

Regardless of whom the buyer, work with integrity and run your auctions accordingly. More than likely, you will run into some difficult buyers, although not often. Keep in mind that every buyer provides the best form of advertisement - word of mouth. Integrity is what will draw customers in and keep them coming back along with friends and family.

Openness

If a buyer makes a recommendation, listen. That does not always mean you will agree or even like their recommendations but if they have something to say, it might be something important to making your auction site better for future buyers. For example, if your shipping information seems muddled to the buyer but clear to you, you need to review what you have written. If the customer is struggling with understanding, that is truly what matters.

Lewis Leake helps people get started in a Work From Home business. His website at GrowNetProfits.com contains tools, resources, articles, newsletters, product reviews and traffic builders to help you make money from your home based business. Click here to read additional Online Auction articles.


MORE RESOURCES:

CNBC

Treasuries Rise as 3-Year Auction Yield Falls Below Forecast
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Treasurys inch up amid strong demand for 3-year notesCNNMoney.com
Rates edge higher as investors look to auctionThe Associated Press
Prices Of Most Treasurys Up But Gains Ease Ahead Of Debt SupplyWall Street Journal
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Japan's 5-Year Yields Rise From This Year's Low Before Auction
Bloomberg
The government sold 600 billion yen of 30-year bonds yesterday and will auction 1.1 trillion of 20-year debt March 16. Primary dealers, companies that are ...

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National Post

Hot Property Sex.com on Auction Block
Wired News
Purchased for a few bucks in 1994, this million-dollar-babe is up for sale in an auction March 18, put on the block by the New Jersey lender who backed its ...
Sex.com domain goes up for grabsCNNMoney.com
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Us Magazine

'Bachelor' Auctions Off Wedding Goods
TMZ.com (blog)
Don't forget to bid on items from our wedding on ebay". The auction benefits Project Parachute, which is Jason's single parent non-profit organization.
The Bachelor Auctions Off His Wedding Shiz!PerezHilton.com (blog)

all 183 news articles »


HispanicBusiness.com

FDIC auctions apt to hurt some banks
Boston Globe
NEW YORK - An FDIC plan to auction more than $1 billion in assets seized from failed banks next month, including a loan to build a W ...
'On the Edge' Banks Face Writedowns on FDIC AuctionsBusinessWeek
FDIC loan auction could weaken lenders nationwideHULIQ

all 113 news articles »


Dodgy bids exorcised in NZ ghost auction
Sydney Morning Herald
New Zealand auction website TradeMe has rolled back the price of "two captured ghosts" which sold on Monday night for $NZ5000 ($A3,850), after several last ...

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Outside buyers get a deal on Dallas foreclosures
Dallas Morning News
Usually the lender takes over the property at monthly foreclosure auctions. But when outside investors do make a buy, they get one heck of a deal. ...
Foreclosed homes in Dallas-Fort Worth sold for 56% of appraised valueFort Worth Star Telegram

all 4 news articles »


Treasurys decline, set up for auctions starts
MarketWatch
NEW YORK (MarketWatch) -- Treasury prices headed lower on Monday, pushing yields up for a second day, as Asian and European equity markets react positively ...
For Treasury, the Rising Cost of SalesWall Street Journal
Treasury Sells $40 Bln in 3 Year DebtTransWorldNews (press release)
Treasury sells $40 bln in 3-year debt at 1.437 %MarketWatch
MarketWatch -MarketWatch -MarketWatch
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Wednesday Look Ahead: Stocks Adrift a Year Back from the Brink
CNBC
Traders are also watching the Treasury's auction of $21 billion in 10-year notes Wednesday, following its well supported auction of 3-year notes Tuesday. ...

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Bond Market Update
Briefing.com
Auction Out: Auction $40B 3-yrs draw 1.437% with a bid-to-cover 3.13 and indirect bidders 51.8% while direct bidders got a solid 10.3% chunk. ...
Bond Market UpdateBriefing.com
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