Common Mistakes Buyers & Sellers Make in Online Auctions (And How to Avoid Them)

Mistake

Solution

1. Not Reading Auction Terms

• Skipping the fine print on fees,
payment schedules, or bidding rules
Leads to unexpected costs.

Read Before You Bid

• Carefully review and bookmark the auction’s terms, fees, and refund policies so you can reference key details quickly during the bidding process.

2. Not Inspecting the Item

• Overlooking condition details—especially in scrap metal auctions—can result in unwanted surprises.

Verify Condition

• Thoroughly examine all available photos, specifications, and condition reports—and attend virtual previews or request extra images to ensure you know exactly what you’re bidding on.

3. Joining Auctions Late

• Logging in at the last minute means missed strategic bids and poor timing.

Plan & Prepare

• Mark auction start times in your calendar with reminders, and log in early to observe bidding dynamics and plan your strategy.

Mistake

Solution

1. Setting Unrealistic Reserve Prices

 • Over‑pricing scares off potential bidders online and may leave items unsold.

Price Competitively

• Research similar listings on other e‑auction sites and choose a realistic reserve price that attracts bidders while ensuring fair value

2. No Marketing for the Auction

• Simply listing won’t attract attention on busy online bidding sites.

Promote Your Listing

• Share your listing through social media, email, and trade forums, and leverage Salasar Auction’s built-in promotional tools to reach more bidders.

3. Ignoring Buyer Questions

• Slow or no response damages trust and reduces bid activity.

Engage Quickly

• Monitor inquiries in real time and provide clear, prompt answers to build bidder confidence..