World's Best New Age Auction
Auctions
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Selling Items on World's Best New Age Auction
This page outlines the process of listing items for sale, and managing your
auction items during and after the sale. Our site features auction software
that has many extra features that will allow you to easily manage and promote
your listings.
Listing Fees and Commissions
The following fees apply when listing and selling an auction item on World's Best New Age Auction.
Commissions are charged only if the auction sells for your listed price,
and any reserves are met.
For the amount of the Selling Price of the auction item under $25.00, the
commission is 5% on the first $25.00.
For the amount of the Selling Price of the auction item over $25.00 but
under $50.00, the the commission is 4% of the next $25.00.
Finally, if the Selling Price of the auction item is over $50.00, the
commission is 3% on the amount of over $1000.00.
Your Account:
In your My Account screen you may view any fees that are due for your activity
on the auction site. You will be invoiced monthly on or about the 1st of the
month. Payment instructions will be included with your invoice. All seller fees will
be invoiced on a monthly schedule.
Listing an Auction Item:
Items are listed in your members area, and may be listed in one of 2 methods.
You may list items individually with the List Item link, or you may also
upload multiple auctions at once in the Seller Tools section. For uploading
auctions, see the separate instructions.
Each auction item contains for following information:
Category:
Choose one category from the drop down list in the List Item form, or provide
the category number in your upload file. If you would like an additional
item, you may request it from the admin
.
Title:
Accurately describe your item with a title that can be up to 120 characters
long. Good titles will attract attention and help to SELL your item!
Quantity:
Either 1 or more items may be sold at the same time. Multiple quantity (Dutch
auctions) must be for the exact same item.
Description:
Your description is most important to describing your item and answering
potential questions for the buyer. HTML is acceptable.
Image:
You may upload up to 6 images with the List Item form, or link to an image on another
website by providing the complete URL to the image. When linking make sure
to use a complete URL beginning with http://. If you aren't sure of your
image URL, copy what you have typed into a new browser window and see if
your image appears. If it doesn't, check your path and file name, as they
are case sensitive in most cases.
Starting Bid:
The Starting Bid will start the bidding on an auction, and the item will be considered
sold if a bid is received for this amount, and no reserve bid is set.
Reserve Bid:
This is optional and left blank for Non Reserve or Regular auctions.
Bids will be accepted at the Starting Bid, but must reach
the Reserve Bid to be considered sold.
Buy Price:
Not available with Dutch Auctions. This amount must be at or higher than
the Starting Bid, and if a bid reaches this amount it will end the auction
immediately and the item will be considered sold.
Shipping and Payment Terms:
Boxes are provided for you to enter your Shipping and Payment Terms. HTML
is accepted here. You may also set defaults for this form in the Settings
and Messages sections of the Seller Tools menu.
Ending Time:
You may select a day and time your auction will end from the drop down box
on the List Item form.
Featuring and Extras:
You may increase the exposure of your auction item by Featuring the auction,
or adding bold text for display. Additional fees will apply.
Saving and Starting Auctions:
Once you have completed the listing form you may start your auction immediately,
or start the auction later from the Pending Auctions link in the My Auctions Menu.
Settings and Messages:
As mentioned above you may set your default Shipping and Payment terms in
the Settings and Messages section of the Seller Tools menu. You may also
add a note to buyers which is included in the bottom of the winning
bid notice. Here is where you should be including instructions further explaining
your payment and shipping policies to the buyer so the transaction my be
concluded swiftly.
When Your Auction Ends:
When your auction has ended notices are sent out to winning bidders. Notices
are sent once per day, approximately at 1 AM EST. We do this so that we can
combine multiple winners into one notification. The buyer and seller will
each receive an email with the list of auctions won, and auctions that did
not meet the reserve, and the payment instructions provided by the seller.
Purchases/Sales Area
Your members area has a very handy section called Purchases/Sales where buyers
and sellers can go to view the winning bids. Copies of the email invoices
are kept there, and links are provided to make it easy for contacting the
other party. This is also the section where Feedback can be left for another
member, relating to a particular transaction.
Relisting Auctions:
An auction may be relisted once it is over and notices have been sent. From
the My Auctions menu choose one of the Closed Auctions links. You may view your sold
and unsold auctions here, and relist in groups or individually.
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