Buying Collectibles From Online Auction Sites is a lot of fun and can be profitable, but people must do their homework. There are many people who sell collectibles at online auction. There are just as many reasons. For some, this is how they earn their living. For others, they may have stopped collecting certain items, have a duplicate, or need to make some quick money. No matter the reason, this can be a great experience for all, as long as it is completely honest.
Most people have heard the expression, “If it sounds too good to be true, it probably is”. This is a good thing to keep in mind when making any type of purchase online, whether it be from an auction, or anywhere else. Most auctions sites however, generally offer their members the opportunity to learn some information about a seller’s previous sales, before doing business with them.
Unfortunately, just as is the case with a brick and mortar store, some operate with less than savory business practices. These individuals also have a reputation that follows them. Most auction sites have a feedback section, which details all sales which have been made by these sellers. It is imperative that people take a look at this feedback in order to protect themselves from being ripped off. Occasionally one will find that bad feedback has been unfairly received, but this is generally not the case. Anyone with more than one or two negatives comments within a short time frame should be scrutinized carefully.
It is important for people to remember to take the time to read all of the information in an auction listing, in order to understand all of the details, and exactly what they will be purchasing. Before bidding a person should also know who will pay the shipping fees, how much they will be, and what the seller’s return policy is.
When people think of collectibles, often antiques come to mind. This is not always the case. Swarovski crystal, rock and roll paraphernalia, and even some designer clothing and accessories, just to name a few, may in fact be collectibles. Again, this is where a seller’s reputation, and a bit of research are important factors.
Always know your product. This has always been a factor, but seems to be on the increase along with economic hardship. Knock offs are widely available online, and auction sites are no exception. Knowing the correct directional pattern of the co’s on a Coach bag, the proper color palette used by a specific designer, and certainly the correct spelling even of difficult name, for example, can mean the difference between getting a great bargain, and getting seriously scammed.
ALWAYS insist on insuring a collectible item. It should never be assumed that a seller has included this if it has not been stated. If a seller states that it is included, but it is not included in the listing, ask them to please update the listing. If they refuse, it is a good idea to move on. Adding this information is free, simple, and takes about one minute. Getting money back for a damaged item can become a major hassle with a less than honest seller.
The good news is that there are many honest dealers who are a pleasure to do business with. They will be available to answer questions, offer and honest listing, and present buyers with a good value collectible item. Buying collectibles from online auction sites can be a great experience, as long as people do their homework.