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Tips for Auction Buyers and Where to Find the Best Auction Sites

You Can Find Some Great Buys Online on Auction Sites If You Know Where to Look

By Laura Quintile, published Oct 05, 2006
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Buying online through auction sites can allow you to find some terrific buys if you know which sites to search and how to search. It is not all about the site though, you also have to be knowledgeable about how an auction works. The key to being a successful auction buyer is in both knowledge and your organization. Here are a few basic tips that will help you to be successful at buying auction style.

Get Organized
Have a place to record what auctions you are bidding on. The best place to do this is right on your computer. Create a folder in “My Documents” or on “My Desk” and label it Auctions. Then when you are bidding on an auction or have done a “Buy Now” or Fixed price auction save the basic information like which site the auction is on, what the auction # is, who the buyer is, when the auction closes. You can add more information if you wish, but the basic auction information should be listed. Check this folder everyday so that you are aware of what needs to be done that day with each auction. If you can copy the exact auction url into the document then you can go directly to the auction to check the status of the auction, or to up your bid.

Email
You will be corresponding with buyers about your auction buys so be sure to create a separate folder in your email account for your auctions. When you receive email concerning any of your auctions that you are watching or bidding on, move these emails to your Auction folder. A good rule of thumb is to check your email for auction related email at a minimum of twice a day. 

Auction Searching
One way to locate auctions that contain the item you are searching for is to use a search engine like Google. Putting in the name of the item should yield any auctions where sellers have listed the item that matches your keywords you placed in the search box. To find your item, be sure to use the name of the product, size, color etc.

Takeaways
  • Get organized before you start visiting auction sites.
  • Check your email at least twice a day for emails concerning the auctions you are bidding on.
  • Know the auction site and any fees associated with bidding there before you bid.
Did You Know?
Auctions have been taking place in one form or another in a variety of commodities since the time of the Babylonian Empire
Resources
  • Book: The Complete Guide to Buying and Selling at Auction by C. Hugh Hildesley
Comments
Showing Comments 1 - 4 of 4
 
 
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Posted on 06/01/2008 at 9:06:21 PM

 
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Posted on 05/19/2008 at 2:05:56 AM

 
Great Tips!!

Posted on 10/05/2006 at 3:10:00 PM

 
These are wonderful basic tips for auctions. This is especially helpful because as the holidays approach, you can get some great deals on gifts.

Posted on 10/05/2006 at 2:10:00 PM

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