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Putting Auction Theory to Work (Churchill Lectures in Economics)
-By: Paul Milgrom
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The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction
-By: Thomas Lucier
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Auction Theory
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The Art of the Steal: Inside the Sotheby's-Christie's Auction House Scandal
-By: Christopher Mason
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How to Make Boxes of Cash With Self-Storage Auctions
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This is a selection made from among articles on Auction Listing Online. For a permanent link to this article, or to bookmark it for future reading, click here.

eBay and Customer Service

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If you are running an eBay business, you may not realize that the need for great customer service still exists - even for online auctions. When a buyer receives quality customer service from you, they will potentially do one of two things - or both. They will give you great feedback, and they may look for more of your auctions in the future. If you hope to make a living from eBay, you have to stop thinking of it as an "auction" and start running it like a "business."

If you owned a brick and mortar business, how would you treat your customer while they were standing at your counter, waiting for you to finish ringing up their order? You would be helpful and respectful of course! You would do everything that you could to guarantee that customers return to your establishment in the future. You would bend over backwards to make sure that their buying experience with you was both satisfactory and enjoyable. Why would you do any less at the close of one of your eBay auctions?

First, act quickly at the close of your auctions. Contact the winner, and congratulate them. Describe the item they have won and how the item will be shipped - even if this information is already part of the description for the auction. Remind them of their winning bid amount, and give them payment options and instructions. Let them know when the item will be shipped.

Close your email by thanking them for participating in your auction. You might even take this opportunity to tell them about other open auctions that you have as well. Think of this contact with the winner as a conversation that you are having with a customer who is standing at your counter in that imaginary brick and mortar store.

Once the payment and shipping details have been taken care of, contact your buyer again. Let them know when the item was shipped - the exact date and time - and when it is expected to arrive on their end. During this contact, let them know that if they have any problems or questions, that they should contact you through the eBay site. If they do contact you in the future, make sure that you answer promptly, and that you do all that you can to make them happy with their purchase - even if it means issuing a refund.

Yes. You should be open to issuing refunds, depending on what the item is. Furthermore, you should issue refunds promptly. Of course, it is reasonable to expect the buyer to return the item to you, at your expense, before the refund is issued - but once you receive the item, issue the refund promptly. This is just good business!


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Minnesotan's eBay listing offers 'On Golden Pond' boat - Minneapolis Star Tribune

A Twin Cities man says he owns one of the boats featured in the Oscar-winning movie "On Golden Pond," and it's sitting in the dock of eBay watching the bids roll its way. "This is THE movie boat from On Golden Pond!!!!" says the online auction ...

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Some '09 predictions, from politics to Patriots - Cape Cod Times

I spent my Leap Second thinking about 2009. (Did you know there was a leap second this year? It keeps more accurate atomic clocks in sync with other conventional ones — it's necessary due to the increasing slowness of the Earth's rotation, and I ...

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How to come out ahead in the 2009 real estate market - ABC 15 News

In residential real estate, 2009 arrives much the same way that 2008 did: via a rocky road with deepening potholes. While more homebuyers are swooping in and picking up great deal, and sales are slowly increasing in many markets, the ongoing excess ...

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Around the Archdiocese - Catholic New World

Around the Archdiocese is a free listing for Catholic events in the Archdiocese. Include time, date, place, address and contact phone number ( with area code ). Column space will determine what can be included. Information will be listed at least one ...

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Bids roll in for Jesus toast - Brisbane Times

A New Zealander is auctioning off a piece of toasted pita bread which looks like Jesus Christ. The TradeMe online auction shows a photo of the pita bread, which broke into pieces after being put in the oven. One piece, the seller says, resembled the ...

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