February 22, 2008, Newsletter Issue #126: What You Need To Watch Out For When Using An Online Auction Site

Tip of the Week

The two biggest things that you need to watch out for when using an online auction site are misunderstandings and fraud. Misunderstandings can have many negative effects on your online auction experience. If you are a seller, a misunderstanding can lead to getting a bad seller feedback rating, which can hinder your future business. If you are a buyer, complications can lead to unwanted costs and delays in the delivery of your goods. Make sure that you are always prompt when answering buyers and sellers, and that you are fully aware of all of the rules, costs, and policies of the site that you are using. Fraud can be avoided with some research and caution. Make sure to thoroughly check on the seller's history and other auctions. Also be sure to get an agreement on payment, shipping, and returns in writing, before you bid.

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