If you have a lot of items in your home that you are thinking of getting rid of, to you maybe it may appear to be junk or unwanted, but to someone else you might be surprised what it might mean to them. So, why throw it away, or give it away? Sure you could have a yard sale, but is that really as exciting as maybe setting up your own online auction website? You could do this for your own personal gain or maybe even do it for a charity event, whatever, an auction can be a lot more fun than your run of the mill yard sale. Here are some pointers on how to set up your own auction website.
First you are going to have to decide whether your auction website is going to be used for a one time only event or if it's going to actually be your Internet business. If it's going to be for charity you won't have to worry about getting a business license, but if it's going to be for a business, you will have to get yourself a license in order to conduct business.
Next you are going to need to figure out what kinds of items that you are going to make available for the bidders and if they are going to have some sort of common thread or theme, like is it going to be about sports, toys, house items, etc. You also need to be able to have enough items if this is going to be an ongoing business. This means that you will need to see if you can get people to donate items to put up for auction as well. Doing this you will ask them what they would like to try to get for it and then you will have to try to get that for them. You also will need to figure out how much percentage of the sale that you will receive for putting their items up for bid for them them. The usual is about 20% for the person holding the auction.
You are going to need to get the news out that you will be setting up your own auction website and you can do this by sending out different notices to different social networks, send email newsletters to all of your friend, relatives and associates. You can also put ads in your local newspaper and online at different sites that allow for people to post ads.
After you have sent out the news about your upcoming business you will need to design some sort of form that those who want to put items up for bid. You need to make sure that it has their name and all contact information, a description of the item they are wanting to put on auction, the estimated value of the item, the asking price and if the person wants the item back if it doesn't sell. The also should include a photo of the item that you can put on your website. You will have enough work to do, so make sure this is required that they provide this.
Once you have done this, it's time to start making the website. If you have never done this, you can find a variety of different tutorials online that will walk you through all the steps of setting up this kind of website. Once you have figured out how to set up your site you can then start uploading the different items that you are going to auction off. Make sure there is a good picture and a good description of the item as well. Also, if there is a minimum opening bid that needs to be indicated as well.
You will then need to make sure that your site also includes the different types of payment methods that you will accept on your site for the winning bidders. Generally you should just take check or PayPal. PayPal is the best since it gives the person options of what to use once they are linked over to the secure site of PayPal. PayPal makes it very easy for you to put their option on your site and will seamlessly take the bidder over to their secure site.
You need to also make sure that you have a deadline identified on your website so that everyone bidding will know when the last bid will be accepted on any particular item. For some reason, you will get better results and responses if the window of bidding is a short window of time and not a long window of time, so try to make the bidding not last too long, or people might lose interest.
Once there is a winner you will need to immediately bid the winning bid on the website so that people will know that that particular auction is over. If it's your ongoing business you then just remove the item from your website after it's been sold.