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.

In The News:


CEP News

TREASURIES-Bonds extend gains after 10-year note auction
Reuters - 2 hours ago
NEW YORK, Jan 8 (Reuters) - US Treasury debt prices extended gains on Thursday afternoon after decent demand in an auction of $16 billion of reopened ...
Treasurys down after $30B auction CNNMoney.com
Solid auction strengthens safe-haven bid guardian.co.uk
Borrowing binge exacerbates selling in US bonds Reuters India
CanadianBusiness.comall 150 news articles

United Country Auction Services, Colliers International form alliance
Bizjournals.com, NC - 2 hours ago
United Country Auction Services, based in Kansas City, has aligned with Colliers International to provide accelerated transaction services to commercial ...

Economist

BOND REPORT: Treasurys Modestly Lower Ahead Of Three-year Notes ...
CNNMoney.com - Jan 7, 2009
Another $112 billion in short-term bill auctions are scheduled as well. Also on tap, Treasury Secretary Henry Paulson will discuss the role of Fannie Mae ...
US Treasuries Decline Before Record $30 Billion Debt Auction Bloomberg
Weak Jobs Report Lifts Treasurys Wall Street Journal
TREASURIES-Longer bonds fall on auctions, issuance fears Reuters
EasyBourse.com - Wall Street Journalall 236 news articles

Washington Post

Japan’s 10-Year Bonds Fall; Surge in Sales Cools Auction Demand
Bloomberg - 12 hours ago
The sale drew bids worth 2.33 times the amount offered, compared with a so-called bid-to-cover ratio of 2.9 times at the previous auction last month. ...
Japanese 30-Year Bonds Decline as Dealers Prepare for Auction Bloomberg
Japan 10-Year Bonds Fall as Stock Gains Reduce Demand for Debt Bloomberg
Japan Bond Futures Fall as Stock Gains Reduce Demand for Debt Bloomberg
Bloombergall 612 news articles

ABT: Lionel #3650 Dk Gray Searchlight Car/OB
Auction Central News, NY - 2 hours ago
TIME: This Auction begins at 7:30 pm Eastern Standard Time on Monday, January 19, 2009. It will be completed prior to midnight on that date. ...

CEP News

French, Spanish bond auctions soothe supply nerves
guardian.co.uk, UK - 7 hours ago
"The Spanish auction went a bit better than the French. You got a bit better bid-cover ratio for the 2014 (Spanish sale) from the last auction in October ...
German Bond Auction Fails to Attract Enough Demand Bloomberg
Bond scare as German auction fails and British debt hits danger level Telegraph.co.uk
Investors shun auction of German Bunds Independent
Financial Times - CEP Newsall 24 news articles

Record UK Gilt Sales Raise Risk of Auction Failure
Bloomberg - Jan 7, 2009
7 (Bloomberg) -- Britain may overwhelm bond investors with a record number of quarterly debt sales, risking the first failed auctions since 2002 as the ...
More questions over Britain’s ability to raise new debt Financial Times
Fears over UK gilts going unsold First Post
all 4 news articles

Auction to benefit Warrior Foundation
San Diego Union Tribune, CA - 4 hours ago
By Rick Rogers (Contact) Union-Tribune Staff Writer OCEANSIDE — An art auction to benefit the Warrior Foundation will be held at 5 pm Jan. ...

St. Louis Post-Dispatch

Fire damages livestock auction site
Belleville News Democrat,  USA - 6 hours ago
Investigators are looking into the cause of an early-morning fire at a livestock auction site in Franklin County. The fire broke out around 3:30 am Thursday ...
Three-alarm fire guts Livestock Center in St. Clair, Mo. St. Louis Post-Dispatch
Three Alarm Fire At Livestock Auction Center MyFox Saint Louis
fire guts Livestock Center in St. Clair, Mo. St. Louis Post-Dispatch
all 10 news articles

Farmers hit out at Fonterra
Stuff.co.nz, New Zealand - 1 hour ago
The introduction of auctions in July coincided with a fall of over 50% in international dairy prices. Last month, former National MP Wyatt Creech, ...
Suppliers call for review of auction system Otago Daily Times
World Milk Prices Continue to Decline - NZ's Fonterra FLEXNEWS
Milk powder prices curdle in crisis The Australian
just-food.com (subscription) - NZ Herald Dunedin Metroall 134 news articles
auctions - Google News


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