There are many auction platforms online from which to choose. So, how do you decide which one is best for you? Here are some factors to consider before selecting auction platform online:
- The types of items being auctioned.
Some platforms are better suited for specific types of items. For example, eBay is great for general merchandise, but it might not be the best platform for selling a high-end watch. - The size of the audience.
Some auction platforms have larger audiences than others. If you’re looking to sell a large number of items, you’ll want to choose a platform with a large audience. - The fees involved.
Different auction platforms charge different fees. Some platforms charge a flat fee, and others charge a percentage of the final price. Some platforms also charge separate listing fees. - The bidding options it offers.
Not all bidding options are created equal – some platforms offer more advanced bid options than others, such as proxy bids and Dutch auctions (multiple pricing). - How long can items be listed for sale?
Different auction platforms allow different lengths of time to list an item for sale, which means you may want to choose one platform over another if you plan to sell your item quickly or if you prefer to let your listing run for longer than normal so that more potential buyers have a chance to see it. - Seller protection policies and buyer guarantees the website offers.
Some websites offer an eBay-like Buyer Protection Plan where the seller will refund the buyer if there is a problem with the sale. Other websites offer money-back guarantees to buyers, and still, others offer both types of protection. - Whether you can sell items on consignment or as fixed-priced items.
Different auction platforms allow different selling methods, which is important to consider depending on what type of items you want to sell. For example, Craigslist, primarily a classified ads site, allows only fixed price listings – not auctions. So if you’re looking for an alternative selling experience that emulates selling in person, then check out Craigslist! Another example: If you’ve got a high-end watch that might do better as a fixed price item rather than an auction, eBay might not be the best platform for you. - The customer service.
A good way to judge how well an auction website will work for you is to look at its customer service. Do they have a phone number you can call if you have a question? Is there an online form you can fill out if you need help? Are there live chat options? Good customer service is key for any online purchase, but especially when it comes to auction websites.
By considering these eight factors, you should choose the best auction platform online for your needs.
