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Just Gave A Seminar To Ebay Newbies

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Rest in Peace
Morgan Fred's Avatar
United States
2684 Posts
 Posted 03/09/2006  10:01 pm Show Profile   Bookmark this topic Add Morgan Fred to your friends list Get a Link to this Message Number of Subscribers
My last post for the evening is an observation which may not warrant comment. I was asked to give a talk/seminar on ebay buying and selling for the denizens of my tiny RV park in the middle of the Arizona desert. Of some 50 or so residents, 17 showed up this morning, a surprising number given that all are retired (but not all aged and decrepit as one might think of the stereotype). Only two had any previous experience with ebay. All the rest were highly interested, but were babes in the woods. Using a PowerPoint program (on my laptop only; no PPT projector available), I quickly breezed through the "how to get started" section (username, password, basic functions of ebay and parts of an auction) and concentrated on the pitfalls of buying: what to watch for, e.g., negative/neutral feedback, poor descriptions and images, return policies, over-pricing, etc. all the stuff we've discussed here on the forum). We spent over 90 minutes on buying because there were a LOT of questions and "what ifs". I couldn't believe it, but most were taking notes. Virtually all of them thought that a feedback score of 99.3% was a GOOD score. I used estatedoctor, pamiam003, and a few others as extreme examples of "bad auctions". I advised them to get their feet wet with bidding and purchases of some inexpensive items and not to jump in with both feet. At the end, I covered the aspect of selling, but advised them not to sell at all until they understood how ebay worked. While I have given hundreds of talks, lectures, seminars on professional subjects (wildife biology), this was the first I'd ever given on ebay. At the end, I felt like a minister greeting his flock on the way out the door after a service: every one came up and thanked me. Downside: every one who now plans to enter the ebay maelstrom said they will consult with me first before they make their first bid or list their first auction. I may be making a career of this, albeit unintentionally, but at least they won't be going into ebay with their eyes shut.

Fred
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toast's Avatar
Australia
1091 Posts
 Posted 03/09/2006  10:42 pm  Show Profile   Bookmark this reply Add toast to your friends list Get a Link to this Reply
You have saved them many dollars and heartaches. Well done.
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KLD's Avatar
Australia
1079 Posts
 Posted 03/10/2006  12:19 am  Show Profile   Bookmark this reply Add KLD to your friends list Get a Link to this Reply
A noble thing to do, well done.
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Susanlynn9's Avatar
United States
5877 Posts
 Posted 03/10/2006  08:45 am  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
Fred, that's great! I wish more people had the sense to explore ebay before they get involved with it, and they were very lucky to have you to turn to. That was a really wonderful thing you did!!
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humpybong's Avatar
Australia
1262 Posts
 Posted 03/10/2006  11:06 pm  Show Profile   Bookmark this reply Add humpybong to your friends list Get a Link to this Reply
Great job Fred, I wish you could have spoken to me about ebay before I had my fingers burnt. Know more about it today and wont get stung again! We need more like you
Valued Member
CiScO's Avatar
United States
458 Posts
 Posted 03/11/2006  6:36 pm  Show Profile   Bookmark this reply Add CiScO to your friends list Get a Link to this Reply
Nice job Fred, I'm sure many headaches are acoming--

My question to u tho, since I am a veteran buyer/seller on ebay (I think anybody over 50, and in ebay since last century is a vet).

Since I am not a dealer, IF I decide to sell some of my collection, AND should I say ALL SALES FINAL, would you still not consider buying from me?

Even if my description, detailed info and the fact I could NOt exchange the item, cause I usually only have 1 of each--not counting ASE's, would you still consider buying from me if it is a HIGH end item? with extremely LOW mintages? and the description is perfect?

I have purchased items b 4 from no returns, mainly because it is a OGP item, or rare, or one of kind, so therefore, why would you want a return policy on a OGP item that was perfectly described?
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KLD's Avatar
Australia
1079 Posts
 Posted 03/11/2006  11:09 pm  Show Profile   Bookmark this reply Add KLD to your friends list Get a Link to this Reply
Cisco, I have been selling on ebay for a long time. I have never advertised a return policy.

I advertise my profuct the best that I can do. If then a customer has a problem I asses it then. If and only if I have made a mistake, I will offer an exchange/ refund (which does happen from time to time).
Rest in Peace
Morgan Fred's Avatar
United States
2684 Posts
 Posted 03/12/2006  12:20 am  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
quote:
Originally posted by CiScO

Nice job Fred, I'm sure many headaches are acoming--

My question to u tho, since I am a veteran buyer/seller on ebay (I think anybody over 50, and in ebay since last century is a vet).

Since I am not a dealer, IF I decide to sell some of my collection, AND should I say ALL SALES FINAL, would you still not consider buying from me?

Even if my description, detailed info and the fact I could NOt exchange the item, cause I usually only have 1 of each--not counting ASE's, would you still consider buying from me if it is a HIGH end item? with extremely LOW mintages? and the description is perfect?

I have purchased items b 4 from no returns, mainly because it is a OGP item, or rare, or one of kind, so therefore, why would you want a return policy on a OGP item that was perfectly described?



As an experienced eBayer, I'd have to give the standard Army answer: it would depend on the situation. There's too many variables in an auction to give a Yes or No answer, not the least of which is whether or not I know and trust the seller. As a general rule, I would not buy a raw coin from a seller whom I did not know and who had a firm "no return" policy. I HAVE bought raw coins from unknown dealers with No Returns, but only after I contacted him/her asking about qualifications of his/her policy, e.g., if s/he claimed it was a no problem coin and it was bodybagged by a TPG after I submitted it, would s/he accept a return. If s/he states "Yes", then I'll bid. In several instances, s/he did, I did, the TPG didn't, and I got my money back after I returned the coin.

But, for an inexperienced or brand new eBayer, I would not give these qualifications and would (and did) advise them not to bid on a "no return" auction if for no other reason that there just isn't enough time in a seminar to advise new eBayers on all the nuances of an auction, e.g., when to bid, when not to bid, when to trust a seller, when not to trust a seller. One thing I DID tell them is to know their subject, i.e., educate themselves in whatever they might be interested BEFORE they bid. Besides coins, I used Boy Scout items, rare books, autographs, and lamps (especially Tiffany lamps) for examples. NONE of the seminar members considered themselves "experts" or even knowledgeable in those type items in which they might be interested and, of course, they had no experience with any sellers, so they'd be taking a huge risk if they bid on something of which they knew little about the type of item and the seller stated, "No Return".

From you CiScO, I'd take whatever you wanted to sell (and I wanted to buy) and bid on it with no hesitation nor worry about a need to return it. That seller in another thread who offered an NNC Morgan with No Return because it was "slabbed" wouldn't get a second glance from me. (After all, I know where you live... )
Rest in Peace
Morgan Fred's Avatar
United States
2684 Posts
 Posted 03/12/2006  12:29 am  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
quote:
Originally posted by KLD

Cisco, I have been selling on ebay for a long time. I have never advertised a return policy.

I advertise my profuct the best that I can do. If then a customer has a problem I asses it then. If and only if I have made a mistake, I will offer an exchange/ refund (which does happen from time to time).



Alternatively, I guarantee ALL my ebay auctions no matter what they are (coins, Scout items, tools, whatever). If my buyer wants to return an item for any reason or no reason within the 7-day period after they receive it, I accept the return with no questions asked. I've built up a small, but loyal and growing customer base, a great feedback record (see "thefred2") and I want to keep their trust. In truth, I have not yet had anyone return anything, even in one instance where a buyer got caught up in a bidding frenzy and paid more than if he had bought the item brand new from the factory; I fully expected him to reject the item, but like a good sport, he paid and was happy with it.
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KLD's Avatar
Australia
1079 Posts
 Posted 03/12/2006  01:22 am  Show Profile   Bookmark this reply Add KLD to your friends list Get a Link to this Reply
I have only had about 3 returns in 5 and a half years, and they all were my fault.

Comes down to personal preferrence.

I think at the end of the day any customer who has a valid reason for exchnage / refund will receive it from most sellers.

Valued Member
CiScO's Avatar
United States
458 Posts
 Posted 03/12/2006  08:44 am  Show Profile   Bookmark this reply Add CiScO to your friends list Get a Link to this Reply
OK Fred & KLD, I guess I can say we think alike & I agree with everything both of you state. Come to think of it, I even include the 7-day return policy on the offers, altho to date I never have had a return for any reason & in fact all who have purchased from me were 110% satisfied with the item. I will probably continue to offer either the 5 or 7 day return if not happy, but I grit my teeth counting the days.
After all, my biggest concern/fear is that I ship the item(s), s/he receives the item, does a swap with junk, emails me back that they are returning item & wants a refund. Then I receive the item back and it was not what I shipped out. I hope I never have to cross that bridge. I have heard/read horror stories from unscrupulous buyers as you know trying to receive a high item then returning a sub par item therefore improving his lot while royally messing with the seller..

CiScO
Rest in Peace
Morgan Fred's Avatar
United States
2684 Posts
 Posted 03/12/2006  10:38 am  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
quote:
Originally posted by CiScO

OK Fred & KLD, I guess I can say we think alike & I agree with everything both of you state. Come to think of it, I even include the 7-day return policy on the offers, altho to date I never have had a return for any reason & in fact all who have purchased from me were 110% satisfied with the item. I will probably continue to offer either the 5 or 7 day return if not happy, but I grit my teeth counting the days.
After all, my biggest concern/fear is that I ship the item(s), s/he receives the item, does a swap with junk, emails me back that they are returning item & wants a refund. Then I receive the item back and it was not what I shipped out. I hope I never have to cross that bridge. I have heard/read horror stories from unscrupulous buyers as you know trying to receive a high item then returning a sub par item therefore improving his lot while royally messing with the seller..

CiScO



If I have the time, I check the feedback of the highest bidder to see if s/he has a history of doing just that - a switch. If so, I believe sellers have the option to block a bidder before the end of an auction. So far, I've been lucky although I've recently had a couple bidders who had a less-than-stellar record, but they were outbid, so I didn't have to go through the agony.

Fred
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