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Internet auction sites, such as Kenya
Online Auction and others have provided a great platform for literally
millions of users to buy or sell virtually anything from unwanted
household goods to high value items at the click of a button. Feedback is a way for previous customers to rate the seller and this is worth checking prior to purchasing an item. Kenya Online Auction has a feedback system and it's a great way to see if your seller has a good trading history. -> Check The Item(s) Review the description, pictures, model and the normal retail price of the goods. Ensure you know what you are buying prior to placing a bid. The old adage "if the price is too good to be true, it usually is" applies especially on high value/desirable items. If you are unsure about any aspect of the item you are purchasing then contact the seller. Good sellers will always be happy to answer reasonable questions. -> Check The Small Print How will the item be delivered and what is the cost? A common ploy by some unscrupulous sellers is to offer items at a cheap price but inflate the shipping costs. This practice seems more prevalent with long distance sellers but it certainly isn't restricted to them. Will the item be insured in transit? Where is it being shipped from and how long will delivery take? By answering the above questions prior to bidding then you can ensure you won't be worried later on. -> Check How To Pay You need to check what form of payment the seller will accept and whether there will be any associated costs. Never Pay With Cash!! The best methods of payment from the viewpoint of the customer are via Safaricam Mpesa or Western Union. Alternatively a bank transfer or cheque is another secure way of making payment. Using the methods above will also ensure that the seller will not see your credit card number and details. By paying via Credit Card you will be entitled to additional protection subject to your card issuers Terms & Conditions. -> Check Your Bid How much are you willing to pay? Consider any additional costs such as delivery etc and then if you are still happy with it place your bid. Remembering that if the bid is accepted then you will be expected to complete your side of the deal and pay. Be Safe & Happy Bidding!! Know Your Legal ObligationsYou’re
required to advertise your product or service and the terms of the sale
honestly and accurately. You can’t place “shill” bids on your item to
boost the price or offer false testimonials about yourself in the
comment section of Internet auction sites. Advertising Your Product
Dealing with Bidders
Arranging for Payment
Look Out for Fraudulent Checks or Money OrdersSometimes,
your bank may not alert you that a fake check or money order has been
returned until after you have shipped the merchandise. If you are
suspicious about a check because it is written by a third party or for
any other reason, call the person who wrote the check to verify that
they have authorized it. If you receive a check or money order for an
amount that exceeds the successful bid, and the buyer asks that you
wire the excess funds back to him or to a third party, do not wire the
money. Instead, return the check to the buyer, and do not ship the
merchandise. Auctions can be quite frightening for the
newcomer. Although it may seem overwhelming, an auctioneer needs to
know only a few things to start out on the right foot. Registration Registration is necessary for all online auctions. This process is usually very simple, and very secure. However, auctioneers must be at least 18 to participate in most auctions. To complete the registration process, you'll have to agree to the service's terms of service or terms of participation. (Amazon.com Auctions calls it a participation agreement.) This information will outline the service's dos- and-don'ts -- mostly the don'ts -- such as trying to manipulate prices, selling illegal goods, and other infractions. Use this agreement as a guide for any activity that comes into question. Know About Fees Although some online auctions are free, most charge some kind of seller fee. Most sites have insertion fees, or standard fees that are applied when the seller lists an item. These fees are usually very low but can vary from auction to auction. Other auctions may have value based fees or fees that are cut as percentages of the final sale. Whether an online auction uses one fee system or another, it is important to know how they will effect both the seller and buyer. Kenya Online Auction has very reasonable fees. Know Bidding and Selling Rules Auctions are rigorously structured, and rightly so. Therefore, it is important to know what your given role in an auction involves. It is important to know what kind of responsibilities both the buyer and seller have in the auction relationship. These may involve bid honoring, payment or shipping. Not only is it important to know these rules but it is also important to know what could happen if you break them. Auctioning Tips Like any form of online communication, Internet Auctions have their own etiquette. If an auctioneer fails to use this etiquette, he/she could find themselves losing a sale or at the short end of a bad deal. In general, basic online rules apply. It is important, however, to remember that auctioneers are not always trustworthy and that the buyer (and seller) must beware. CONGRATULATIONS!!You have taken the first step to buying and selling online! Kenya Online Auction is the first and only online auction site in Kenya. It will be a household name and will provide people with cost effective ways of buying and selling items from any part of the country. For some it will become a way of earning a living, for many it will help to monetise unwanted goods, and for EVERYONE it will provide great fun and excitement. Kenya Online Auction is a first in Kenya. It is for this reason that we have decided to post a series of articles to allow people to become familiar with the system. Although the procedure is fairly straight forward people will be naturally nervous of such a new concept in Kenya. This
site has articles for buyers, sellers, and advanced users to read and
digest. If you have any questions regarding this site please contact us using the tab at the top of the page. |
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