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Selling on eBay involves numerous hassles and risks. Online auctions account for over 42% of the top ten scams in the United States. In 2005 the average loss for fraud related activity on online auction sites was $1,155.1 In 2002 alone, the FTC received approximately 51,000 complaints, representing about $37 million in losses from online auction scams.2
Watch out! Internet scam artists have developed sophisticated techniques to steal your money, leaving you with no means to recover your money.
There is a new type of fraud emerging from fraudulent buyers on eBay. I call it "return fraud" and it involves returning a different, defective item rather than the original, functional item you sent out.
So your goal is to maximize the closing price for the item you are selling on eBay, right? How can this be accomplished? Historically, we know that most of the bidding activity typically takes place within the final closing hours of the auction, sometimes within the last few minutes or seconds.
Non-paying bidders are probably one of the most frustrating problems to deal with when selling on eBay. How can you reduce non-paying bidders to make your selling experience more satisfying?
The vast majority of sellers and buyers are good natured and honest, at least most of the time. Let's face it, we all have our bad days from time to time. Most troubles on eBay are the result of a simple misunderstanding caused by a lack of communication.
Would you like to know how to win items on eBay, while paying the lowest price possible? Most bidders automatically assume the best bidding strategy is to place a low bid in at the last minute of the auction.
Want to sell items on eBay for the most money possible? Selling on eBay with Confidence is a consolidated, easy-to-read guide to help you sell your item(s) for the highest price possible while avoiding costly mistakes.
1 Courtesy of http://www.fraud.org
2 Courtsey of http://www.news.com
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