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December 8, 2006
Online auction sites are great resources for those who are looking to make a bargain. Every year the major online auction sites cut into brick and mortar and online retailers a little bit more, and for good reason--there is simply no way that traditional stores can compete with the prices that are offered on online auction sites. However, while online auction sites are indeed repositories for incredible deals, there are a number of hidden costs that both buyers as well as sellers must watch out for.
The first cost that buyers should be aware of is the cost of shipping the item. Particularly if the item is very large or bulky, shipping costs can easily eat away all of the cost savings gained by using the auction site in the first place. If buying many small items from one seller, request that they all be shipped together to avoid paying massive shipping costs. Along with the cost of shipping must be included the cost of insurance. The seller must also deal with hidden costs in the online auction world. The first hidden cost that faces the seller is the listing fee. Some auction sites require a fee simply to list the item. If the item does not sell, the listing fee is usually not returned. This means that posting an item on an online auction site could potentially be a money losing endeavor. Another similar hidden cost is the percentage fee that is applied when the item sells. For closeout watches up to 90% off retail visit Watchcloseouts.net
- Wholesale and Closeout Watches
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