uBid

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uBid

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If you just want to buy items, then the next step is easy for you; look around for what you want. Browse uBid's many categories or use the search box to find it a lot quicker. You don't have to worry about being scammed on this site, uBid pre-screens and certifies all sellers with a ten point approval process. You can use the "ubuyitnow" feature, which is just like eBay's "Buy it Now", that way you are definitely getting the item with no way of being outbid. But there's always the chance of you being the winning bid and getting an item a whole lot cheaper. Click the "Mega Auctions" tab up top and that will show you all the auctions where the starting bid is $1. After you sign up you can actually take a survey and tell uBid what you're looking for and they'll try to put up an auction for you. Just click the "My Page" link up top and scroll down to the uBid Notifications section.

Find an Item to Sell

If you want to sell items on uBid, your journey has just begun. The most obvious "next step" would be that you need an item to sell. So figure out what you want to sell; either something around your house or something you bought off of uBid at a good price. Yes, that's right, plenty of people resell items that they originally bought off of online auctions. You can take advantage of this by looking for great bargains and then marketing the items better when you sell them or buy items in bulk and resell them individually. Or you can go to real auctions, flea markets or garage sales to find bargains. You can also just scan through the auctions and see what's selling often and at good prices; see what people are REALLY buying at the moment.

Prepare Information for Your Auction

Ok, you've got your item or items, now you need to do some research. You need to get some information on what you're selling for a few reasons:

You'll look like you know what you're talking about.
It saves customers from asking you questions about your auction.
A near empty description, usually turns customers away.

So search around the internet to find more information on what you want to sell. Find out how much it's really worth, look on the item's box, packaging or any paperwork that comes with it for more information. You can also look at other auctions and see if anyone else is selling the exact item you are. Check and see how they describe it and if it's successful; are there any bids or past sales?

    Next, you're going to want to take a picture of your item. People need to see what kind of condition the item is in. So grab your digital camera or your film camera and snap a few good pictures of your item. Then load or scan them into your computer for you to use when you put the item on uBid.

    If you're going to ship the item yourself, instead of having uBid ship it for you, then you can put the item in the box or packaging you'd use for when you're going to ship it. You might not want to tape it completely shut, you may need to look at the item to answer a question from a customer during the auction. Now I'd suggest you weigh your item, box and all. You're doing this so you can give an accurate estimate on how much shipping is going to be. You can go to a few sites, like FedEx, UPS or USPS, to get a shipping quote.
    What I like to do is to enter a zip code that's pretty far from me and go from that. It'll more than cover shipments that are closer, just in case your weighing & measuring was a little off, and you won't end up eating the difference if the shipment does end up being that far away. I like to put this shipping price for all US shipments and then make a note, if the customer is from a different country, telling them to leave me a message for a shipping quote. International shipping rates are WAY higher than rates to your own country, you don't want to end up paying for the shipping out of your own pocket. The reason you want to give your customers a shipping quote is so they know what the total price will be.

Apply to the uBid Certified Merchant Program

In order to sell on uBid, all potential sellers have to go through this application process. This is set up to ensure that there will be no fraud at all when customers use their auctions. There's a few steps in the application process, here's what you need to provide:

Federal Employer Identification Number or Social Security Number
Valid Credit Card Information
Dun & Bradstreet Number (This isn't required but it will make the application process faster)
3 Business References (Like: Vendors, Suppliers or Bankers)
Bank Account Information (Checking/Savings Account Number)

So have that information ready to provide and then click the "Sell on uBid" tab up top. Click the apply link and you'll see a nice amount of information you need to enter, like:

Name, Phone Number & Email
Login & Password (You need to pick a different login than your normal uBid login)

Get Your Auction Listed on uBid

Now that your application is approved, let's go over the process of getting your auction listed on uBid. One of the best things about uBid, there are no fees to list your auction! Click the "Sell on uBid" tab on top of the main page. First off, you're going to have to select a category you want to sell in. This helps customers find your auction if they're just browsing. uBid groups all auctions together that are selling similar items, kind of like aisles in an actual store.

TITLE

Once you've found the correct category to sell in, you'll want to type in a title for your auction. This is what people will see when they're browsing or searching through uBid for things to buy, so you want the title to be very descriptive on exactly what you're selling. You're limited on text space for your title, so choose wisely.

PICTURES

Now you'll want to upload your pictures. Make sure it's a picture of the actual item you have in your possession and not just some random picture you found on the internet. That way people will be able to see the real condition of the item. This will help catch potential customers' eyes and hopefully get them to check out your auction.

DESCRIPTION

Now you'll want to enter your description. If you followed the steps above to research your item, then you should have a pretty good idea of the information you're going to enter. Try not to misspell words and be as descriptive as possible, that's why it's called a description. Let the customer know all the features or other handy information.

PRICE

Next you'll want to enter in your price, your research will pay off here too. First enter your starting price, the price that will be listed as what you're asking for your item initially. If you don't enter a reserve price, then your starting price is what your item will sell at if you only get one bid. This is why selecting the right starting price is so important:

You don't want it too low (You want to actually sell at a decent price, if you only get one bid, so that it's worth the effort)
You don't want it too high (This may scare off anyone from bidding at all)
You want to find that happy medium (A price that's high enough that if it sells at this price you won't feel like you got ripped off. A price that's low enough that it'll attract buyers to bid, and not just once)

You CAN save yourself a little work, with selecting a starting price, by entering a reserve price. But this can sometimes scare customers from bidding, because they have no idea what your reserve price is. It's handy to use, to ensure that your item will sell at least for your reserve price, but it's a toss up on if you'll get a decent amount of bids or not. If I sold on uBid, I'd only enter a starting price, so my potential buyers can be assured of the actual price. You can also enter a "ubuyitnow" price. This is a set price, once a customer selects to "ubuyitnow" on your auction, the auction is over and they will pay you the price you entered. A lot of people like to use this feature, including myself, because it's a definite that you're going to win that auction. Then you select how long you want your auction to last.

PAYMENT & SHIPPING

    Now you want to enter the payment and shipping information. All uBid customers are pre-qualified buyers. In order to bid on uBid you have to enter your credit card information to be approved. So the payment information is taken care of ahead of time and uBid will handle the payment transaction for you.

    Now you'll want to enter your shipping information, possibly by using the methods I talked about above. People need to know what you're going to charge them overall and which shipping services you offer. You can actually send your products to uBid's warehouse and have them ship the items for you. Now you can finish up, sit back, relax and watch the bidding begin. I hope you've learned a lot and will be more efficient and confident when buying and selling on uBid.

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Interested in using uBid? Want to make a business for yourself, find great deals or maybe both? Let me give you some tips to get you started with using uBid. First, you're going to want to sign up for an account, don't worry it's free! You'll need to register for an account whether you want to buy or sell on uBid. You just need to enter in some basic information:

Name, Email Address, Phone Number, Address, Birthday & Gender
Choose a Login ID & Password
Credit Card Information (OPTIONAL - You don't have to enter this until you make a bid on an auction)

And that's it, go check your email. You should get an email soon with all your registration details in it. Don't forget to check your junk mail folder, just in case.