If you need to sell off assets in order to bring in funds, see what you
have of value to someone else. There are options you can use when
you are looking for a buyer. One option, though not recommended,
is to pawn the item. If you can make an arrangement to buy it back,
this might be a good option for you, but beware - it's hard to find a
reputable person in this arena.
Another option is to list your items in an auction - online or offline.
Be careful of offline auctions - and remain present. Keep a hard
line on the minimum amount you will accept for any items. We had
an auctioneer sell off my mother's estate items and he sold them at
much lower pricing that was fair. She had over $15,000 worth of
items, and he gave us $1200 for the entire lot. We learned a lot that
day. If you have auctioneers come to take your items, make sure to
mark which items to take, or better yet, set them outside and in one
spot, away from your other home items. Our auctioneer went into the
crawlspace and took things we meant to save, and sold them. Don't
ever let an auctioneer get control of your goods.
Online auctions are more controllable - you set them up for bid, and
you decide how much you are willing to take. You get a better idea
if your minimum will even work - it might be too high for the
demand. You have total control over the sale. You can also decide
how long you want the bid to go on - depending on how soon you
need the money.
Do you have any payment plans that pay out on a monthly basis,
for which you would like a lump sum amount for? Try selling it for
present day cash. If you are holding a mortgage note, or a
lottery winning, or business notes, you can sell those for cash
now. Some of your life insurance policies can be sold, as well,
if you have no real need for them anymore (your kids are grown
and on their own, your spouse may have died, or you know your
life is on a short timeline and you just want to enjoy the time
you have but need money). If you have won a lawsuit that is paying
out in installments, you can sell that for lump sum cash. You may
have other types of assets that you can get cash for - think about it
and see what you might be able to work out.
If you have no assets to sell, you might need to think "outside the
box" - be innovative and figure out what you have to sell - your
talents or services, perhaps? In any case, figure out all your assets -
physical and inner - and see what you think people will pay you
for them or for using them. Price fairly and beware of scams.
Monday, 14 September 2009
How to Market with Niche Auction Sites
Online auctions are big business. But they can be big headaches.
During the past year, trading in online commerce was valued at
$60 billion, according to "Business Standard.” Online trade among
small businesses makes up 1 per cent of USA's GDP (Gross Domestic
Product) and is expected to reach 10 per cent or $400 billion of
USA's GDP by 2010.
“But setting up and maintaining operations on huge auction sites
like Ebay is not always easy,” said Rich Moc, owner of
Performance Cars at Pcars.com, a niche automotive auction site.”
“People can spend a lot of time sifting through cluttered pages
of auctions, bidding, setting up accounts and managing multiple,
confusing and expensive fees that can take an accountant to
figure out. And trying to figure out how to submit a simple email
or place a quick call for help can be a pain in the neck.”
The solution or pain relief for big auction headaches? Smaller,
niche sites with personalized service. For example, Performance
Cars offers easier management, one-on-one help and plenty of
options to help with automotive solutions and aftermarket
selling. Some of their auction tips are:
· Customer Service - When you have an item listed and a potential
buyer contacts you with a question, respond quickly. It is
important and actually critical to your success to check your
email account several times a day. Answering a question could be
the difference between you getting the sale or the buyer going
someplace else.
· Description - When you list your item(s), write an accurate
description. No need to write long paragraphs of rambling
information. But do provide exact measurements, colors,
condition, etc. Be precise.
· Exceed Expectations - You want every customer to be happy. So
do a little more research on shipping, or negotiate on price. But
remember that the customer is the reason you will have success.
Be prepared to go the extra mile and provide superior service
every time.
· Digital Images - While auctions without photographs can and do
sell, auctions with photographs sell much better. People like
visualizations and want to see what they will get with their
money. Make sure your photograph is clear, focused and offers
more than just a straight view.
With Pcars.com, sellers can instantly create their own account
and setup their own homepage. Next they add their product
information and links. Then upload images, up to eight photos
included with the no-cost membership. That's it.
“It is THE BEST site to host photos and one of the best to sell
and buy things for your car!” shared Lefteris from Greece who
sells Jewels for Porsches regularly on Ebay and now on Pcars.com,
too.
“And the site is very easy to use.”
The site is developing to meet needs of the buyers and sellers.
In the works are Photo Gallery for hosting pictures, AV Center
for racing videos, and a Forum for comments and sharing
automotive tips.
“As a seller I find the PCARS site very easy to list and I like
that I can have large photos for my items,” Lefteris explained.
“I use Ebay also, but I find the PCARS site much, much better.
I'm here
to stay.”
Progressing Discount Price Plan
Also under way is a new Progressing Discount Price (PDP) plan.
Sellers will have the option to list their prices so that they
decrease over time, while waiting for someone to buy. This option
benefits the sellers by allowing them to discount their
inventories as time progresses. Additionally, this ensures that
inventories may get sold at the end of the listing period (usually 30-day). The
benefit for the buyers is that they get to buy the items cheaper
the next
day if the items have not been sold.
Automotive sellers and buyers are invited to setup Dealer
Accounts and Private Party Accounts at Pcars.com and see how
simple the site works. They can sell and buy new and used
performance vehicles, parts, accessories and auto care products
of all types, quickly & easily online.
During the past year, trading in online commerce was valued at
$60 billion, according to "Business Standard.” Online trade among
small businesses makes up 1 per cent of USA's GDP (Gross Domestic
Product) and is expected to reach 10 per cent or $400 billion of
USA's GDP by 2010.
“But setting up and maintaining operations on huge auction sites
like Ebay is not always easy,” said Rich Moc, owner of
Performance Cars at Pcars.com, a niche automotive auction site.”
“People can spend a lot of time sifting through cluttered pages
of auctions, bidding, setting up accounts and managing multiple,
confusing and expensive fees that can take an accountant to
figure out. And trying to figure out how to submit a simple email
or place a quick call for help can be a pain in the neck.”
The solution or pain relief for big auction headaches? Smaller,
niche sites with personalized service. For example, Performance
Cars offers easier management, one-on-one help and plenty of
options to help with automotive solutions and aftermarket
selling. Some of their auction tips are:
· Customer Service - When you have an item listed and a potential
buyer contacts you with a question, respond quickly. It is
important and actually critical to your success to check your
email account several times a day. Answering a question could be
the difference between you getting the sale or the buyer going
someplace else.
· Description - When you list your item(s), write an accurate
description. No need to write long paragraphs of rambling
information. But do provide exact measurements, colors,
condition, etc. Be precise.
· Exceed Expectations - You want every customer to be happy. So
do a little more research on shipping, or negotiate on price. But
remember that the customer is the reason you will have success.
Be prepared to go the extra mile and provide superior service
every time.
· Digital Images - While auctions without photographs can and do
sell, auctions with photographs sell much better. People like
visualizations and want to see what they will get with their
money. Make sure your photograph is clear, focused and offers
more than just a straight view.
With Pcars.com, sellers can instantly create their own account
and setup their own homepage. Next they add their product
information and links. Then upload images, up to eight photos
included with the no-cost membership. That's it.
“It is THE BEST site to host photos and one of the best to sell
and buy things for your car!” shared Lefteris from Greece who
sells Jewels for Porsches regularly on Ebay and now on Pcars.com,
too.
“And the site is very easy to use.”
The site is developing to meet needs of the buyers and sellers.
In the works are Photo Gallery for hosting pictures, AV Center
for racing videos, and a Forum for comments and sharing
automotive tips.
“As a seller I find the PCARS site very easy to list and I like
that I can have large photos for my items,” Lefteris explained.
“I use Ebay also, but I find the PCARS site much, much better.
I'm here
to stay.”
Progressing Discount Price Plan
Also under way is a new Progressing Discount Price (PDP) plan.
Sellers will have the option to list their prices so that they
decrease over time, while waiting for someone to buy. This option
benefits the sellers by allowing them to discount their
inventories as time progresses. Additionally, this ensures that
inventories may get sold at the end of the listing period (usually 30-day). The
benefit for the buyers is that they get to buy the items cheaper
the next
day if the items have not been sold.
Automotive sellers and buyers are invited to setup Dealer
Accounts and Private Party Accounts at Pcars.com and see how
simple the site works. They can sell and buy new and used
performance vehicles, parts, accessories and auto care products
of all types, quickly & easily online.
Subscribe to:
Posts (Atom)
Posts
