Selling Buy Auction

I am thinking of selling my TAG Preamp/DAC in an auction, but it is something I have never done .
So can you recommend an auction site? I was thinking of Ebay or Freeserve auctions.
Can you tell me how it works and how much it costs. Do I have to pay a % of the price I get for the sale?

I really have no idea about Auctions or how to go about setting up an auction..

Cheers.

 

Ebay would probably get the most views
You need a CC to set up a sellers account, and be aware that being new youll have no feedback. Selling an expensive item witout feedback may not work. I for one would be wary of sending cash to someone who is of an unknown quality (no offense to yourself )
You do pay a % of the sale aswell as advert fee's, i think the basic advert is fairly cheap, you pay more for extra's like bigger pictures bold type face etc
If you do decide to auction makesure you always say the buyer pays postage in the item description

 

For the sort of money you want for that sort of kit, you are better putting it for sale in www.hififorsale.com

Then get people to come around,and pay cash!!!!!!

There is some truth in what people say about, with you having no feed back them you could have some trouble on e-bay.

 

I got my positive eBay feedback by starting off with purchases. You get one feedback/item and they don't have to be expensive items.

 

I'd put it on ebay and just make sure you set a reserve you're happy with. The reserve is a price you (can if you want to), set which indicates the lowest price you're willing to sell at. You can state the reserve in the auction, or leave it hidden, either way, if it's not met, you don't have to sell the item. You can also put up a "buy it now" price. This is where, if there's a price that you're happy to accept, it's shown and someone can offer you it and the auction ends. If the price is appealing to bidders they may wish to take it to guarantee winning the auction. Not sure if this is variable but, is you've set a reserve and buy it now price, they b-i-n option goes away once the reserve is met.

If people aren't willing to buy, due to low feedback rating and bids are low, at least this way you wont be obliged to sell below what you want to.

As said, make sure you state buyer pays postage, and find out how much that will be. Also find out how much insured/registered delivery is. This helps cover you aswell as them. Or if you want, offer the option of collection or perhaps you're willing to deliver with in certain distance. Depending on distance you may wish to state at what cost, if any you'll deliver. I've gone to peoples houses, met at train stations, and met in pubs when buying in the past. If someone's spending a fair bit of MOney, especialy from a new seller, they may well only be willing to buy if you're willing to allow them to collect. Make it clear if they're the winning bidder that equals a sale though, not just the right for an audition. If they want an audition or have any questions, it's their responsibility to arrange it before bidding.

As for payment, obviously cash in hand is instant. Paypal, I believe, is also pretty instant. There is a small fee to the person RECIEVING payment through paypal I think. State if you wish to add that on top of the final bid if they choose to pay that way (assuming you have, or set up, a paypal account). With cheques state that you'll require time for them to clear before allowing the good to be passed on. That means both, if you're posting AND if they choose to collect or have delivered and such. Make it clear so as to not have the situation where someone turns up having given you the impression they'll pay cash, only to write out a cheque!

Be honest in your sale, well at least as far as condition goes, making sure to be clear about what's included in the sale. Boxed? Manuals? Cables? etc.....

State that you're willing to take any questions, which you will answer if you can. Especialy as you're a new seller, expect to be asked a few. Possibly as much to suss out how genuine you are as anything.

Also, any warranty left on the kit? Is it transferable?

Hope this helps

MO