Welcome to the Bidder knowledgebase. Click on your question on the left. If you can't find the information that you need, please feel free to contact us HERE.
What is Bargain-Bids?
Bargain-Bids is an online auction venue that publishes online auctions for independent auction companies (affiliates) on our website, Bargain-Bids.com.
How do the auctions work?
Auctions on Bargain-Bids are timed online auctions. Auctions are scheduled to end on a specific date and time and all bids are placed online. Bidders are given the opportunity to inspect each item to determine its value and condition before the auction closes. The difference between Bargain-Bids and some other auction websites is that winning bidders are responsible to pick-up and pay for the item during the scheduled removal date at the auction location. Shipping should not be assumed, but is available on some auctions.
Can anyone post an auction on Bargain-Bids?
No, Bargain-Bids Online, Inc. and Independent Affiliates are the only entities that can post auctions on Bargain-Bids. Private parties and businesses contract with Bargain-Bids, LLC and Independent Affiliates to manage the online auctions that are posted on the website.
What is an Independent Affiliate?
An Independent Affiliate is a separate business entity that posts auctions on Bargain-Bids. The Independent Affiliate handles all aspects of their auctions from contracting with sellers, to taking pictures, to collecting payments and resolving any issues that arise with bidders or sellers. Bargain-Bids is acting as a venue only when it comes to Independent Affiliate Auctions.
Registering an Account
How do I register/log in?
Registering for an account on Bargain-Bids is free and easy. You must become a registered bidder before you can place a bid. The Login link is located in the upper right corner of the website. You may log in using either your bidder number or email address, and your password.
Why do I need a Credit Card on file?
In order to place bids on the website a valid credit card is required. Credit card information is for identity verification only and will NOT automatically be charged for auction invoices. Bidders can choose to pay some invoices online using their credit card on file. Registrants will be directed to our credit card processor and credit card information will be stored by the processor. The processor maintains full PCI compliance. Bargain-Bids will not have access to your credit card information.
Why do you need my contact information?
Bidder contact information is used for a variety of purposes — from providing you with distances to auction locations to sending you outbid notifications, winning bidder emails and auction alerts. Maintaining the accuracy of your bidder contact information is important as bidder numbers are turned off if the contact information is found to be inaccurate.
Is my information private?
Terms and Conditions
When you register for a bidder number on Bargain-Bids, you are agreeing to the general Terms and Conditions of the website found here. Each auction will have specific Terms and Conditions that you must agree to before placing a bid on that auction.
How do I update my account information?
Once logged in, you can click on the "Account Tab" at any time to update your account information.
How do I close my account?
Once logged in, you can click on the "Account Tab" at any time and select "Close Account" to disable your account.
Read before Bidding
It's simple! You bid. You win. You pick up and pay during the auction removal date.
Winning bidders are responsible for prompt payment and removal during the specified removal dates (see below). Failure to do so could result in penalties and suspension of bidding privileges on www.Bargain-Bids.com.
Each auction is independently managed by our approved affiliate auctioneers. It is extremely important that you understand the following information for each auction PRIOR to bidding.
Terms & Conditions
In addition to the site terms (Found Here), affiliates write customized auction terms for every auction they conduct. Bidders are required to indicate they understand and will abide by the auction terms prior to bidding on the auction. Auction specific terms include details like acceptable forms of payments, sales tax information, removal requirements, and any other important information bidders need to know about that particular auction.
Individual auction terms are found on the bottom of the page within each auction.
The following sections below can be found at the bottom of each auction and this is what they mean.
Details: This section includes important auction dates and any notes that the affiliate auctioneer wants you to be aware of.
Inspections Dates: Available dates and times to view items to verify condition.
Closing Date: When the auction is scheduled to begin closing. ITEMS WILL NOT CLOSE UNTIL A BID HAS NOT BEEN RECEIVED FOR 3 MINUTES (this is referred to as extended bidding).
Removal Date: By bidding on an auction, you agree to pick up and pay for your items at the auction location during this period. There are no exceptions to this rule unless it has been confirmed by the managing affiliate.
Terms: You agree to the auction specific terms before bidding on any auction. Be sure to read these terms as important information such as accepted payment types will be explained here.
DIRECTIONS: This is the auction location where you are required to pick up your items during the removal period. Questions regarding an auction or item need to be directed to the managing affiliate at the number listed on this section.
Shipping: Shipping can not be assumed but is available on some auctions. Check out this tab for specific information regarding the shipping process or call the affiliate auctioneer for questions regarding shipping.
Important Tips and Info
Tips to Become an Online Auction Bidding Pro
When most people think of online auctions, they think about eBay or the penny auction sites advertised on TV. However, online auctions are quickly becoming the preferred method for companies and individuals to liquidate assets and there’s a whole world of auctions to explore.
That means bidders have a nearly endless opportunity to find great deals, but only if they know what to look for (and have a few insider secrets). Here are some tips to help you become an online auction bidding pro:
Read the terms and conditions
Not all auction sites are created equal and each site has different rules. We know terms and conditions pages can be long, but it really is important to read them to ensure you know what you’re committing to when you place a bid.
Find out if the items have an inspection time
Many online auction companies provide the opportunity to inspect items in person before the auction ends. If you’re nearby and truly interested in an item (or items), be sure to take advantage of this time. You are ultimately determining the value of an asset.
Contact the auctioneer with questions
Have questions about any items or how an auction works? Contact the auctioneer. Most are readily available and happy to answer any questions about items or process. If you still have questions, contact the company managing the sale.
Know your financial limits
If you can’t afford it, don’t bid on it. Recognize your budget and stick to it. Because once you’ve committed, it’s yours and you’re paying for it.
Ask your significant other first
We’ve lost count of the number of times something like this has happened – guy bids on and wins brand new camper, brings it home and the purchase is quickly nixed by his wife. If you’re making a major purchase, be sure to include your significant other in the process. You don’t really want to have to turn around and sell it right away, do you?
Don’t assume shipping is available or included
Never assume an auctioneer can ship an item. Before bidding, check to see what shipping options are provided. If shipping is available, talk with the auctioneer about costs so you can figure that into your budget.
Have a removal plan
An auctioneer’s goal is to move merchandise and they aren’t going to hold onto it for long. Find out when the removal date is, if shipping is involved and what, if any, equipment you may need in order to remove an item (or items). You’ll save a lot of chaos, confusion and headaches if you have a plan in place before you remove your item.
Do your homework
Check the history of the company from whom you’re buying. Have they been in business for awhile? Do they have reviews, testimonials or a social media presence that can provide some insight? If you can’t find information on the company or they have worrying reviews, you may want to think twice before bidding.
Have fun – within reason
Many people believe they’re completely anonymous online and that their actions won’t be tracked back to them. If you’re placing bids on any auction website, be sure to stand behind your actions and what you’ve bid on.
How do we know all this stuff? We realize that not everyone is familiar with online auctions so we try to make the experience as easy and user-friendly as possible. Our goal is to help you find great auctions and keep you coming back for more each day!
Check out some of the Current Auctions on Bargain-Bids.com
Searching for an Item or Auction
Searching on Bargain-Bids has never been easier. There are three ways that you can modify your search to find the auction or item you are looking for.
All Auctions Search
Item and Advanced SearchesThe advanced search and item search function will allow you to narrow down your search to exactly what you are looking for.
How does the bidding work?
All bids placed are in the max bid format. A max bid is the highest amount that you are willing to pay for an item and is kept private from other bidders until that amount has been exceeded. Bids are automatically placed on your behalf against other bidders until your maximum amount is reached.
All bids must contain a decimal point preceded by at least one digit and be followed by two digits. eg: 2.55 (no dollar signs or comma separators)
What is extended bidding?
Every lot has a scheduled closing time. However, if there is active bidding within 3 minutes of the scheduled closing time for an item, that item will remain open until 3 minutes have elapsed since the last bid on that item was placed.
What is a reserve?
A reserve is an amount that bidding must reach before an item will be sold. Items that have a reserve will state Reserve Not Met underneath the current bid price until that bid price has been met. Once a reserve price has been exceeded, a notice will state Reserve Has Been Met. Bids placed against an item that has a reserve will be consumed until the reserve price has been exceeded.
What if an item does not meet the reserve?
Items that fail to meet the reserve are not sold and revert back to the seller. Seller information is not provided to bidders.
What if two bidders have the same max bid?
The first bidder to submit the max bid will remain the high bidder.
Can I raise my max bid if I am still the high bidder?
Yes, you may increase your max bid amount if you are already the high bidder.
Where can I place bids?
There are three locations on the site where an auction item may receive bids.
Can I delete a bid?
No, by placing a bid you are entering into a contract to purchase. Use caution while placing bids and verify the amounts before placing a bid.
What is an outbid notice?
An outbid notice will alert you that your bid has been exceeded. Outbid notices are sent to your registered email address with a direct link to the item that you were bidding on. You may opt-out of these notices by visiting your account settings.
I bid an amount, but another bidder was still in the lead at the exact same price?
Your bid was accepted, however, most likely another bidder already had already placed a bid for the exact same price. In the example below, bidder 225743 had the exact same bid as the second-place bidder (159287). Since BN 225743 placed his bid first, they remain in the lead.
The My Dashboard feature gives bidders the ability to watch specific items, bid on multiple auctions at the same time and have unlimited access to their invoices.
Lists all items that you have bid on or watched in closing date order. Bidding from your dashboard is a great way to keep track of items if they are in different auctions but are closing in the same time frame. Once an item closes, it will be removed from your dashboard and moved to the View Closed Items page.
Your Bid History
Will show you complete bid history for items that you have bid on. The Current Bid Summary total will show you the total maximum bids and current bids that you have on active auctions.
Invoices for items won are stored on the bidder dashboard in a downloadable PDF format. At the close of an auction, bidders will receive an emailed notification that a new invoice is ready to view within their dashboard. Bidders will have a complete history of items purchased, the amount paid and the status of an invoice.
Winning an Item, What's Next
So you won an item(s), that's great! So now what can you expect?
Winning bidder invoices will be updated to your dashboard within 10 minutes of the auction closing. Here you can view and download your winning bidder invoice. It is recommended that you print your invoice off as it will include pertinent location and contact information.
IMPORTANT: Winning bidder notifications are emailed at the conclusion of each auction. However, some email services can be unreliable and put these message into a Junk or Spam folder. Always check your Dashboard for a winning bidder invoice if you have been actively bidding on an auction.
At this time you should be well aware of the auction location and the designated time to remove your items (found on the invoice as well as the bottom of every page within the auction on Bargain-Bids.com). You can now go pick up your items! Pay close attention to the following items:
Location: Look for directional signs around the auction location and double check the auction location prior to leaving. Call the managing affiliate if you have issues finding the location.
Removal: This is the time you are expected to pay for and pick up the items. This is found on the bottom of each auction page and on your invoice. Removal dates vary for each auction so verify prior to bidding.
Payment Types Accepted: Check the auction terms to verify the payment types that the affiliate will accept. Cash and Credit Card are almost always accepted. Checks, Wire Transfers, and other payment types will vary by the affiliate. Payment is due to the affiliate managing the auction.
Contact Information: Contact the affiliate managing the auction if you have specific questions. Phone numbers located within the auction page and on your invoice.
Shipping: If you require shipping and the auction provides it, follow the instructions on the shipping tab of the auction. Be sure to call the contact number on your invoice if you have specific questions about the removal or shipping.
Late Removals: Never assume that late removals are possible. Most auctions have strict timelines that make late removals impossible. Please be sure to follow the terms of the auction to keep your bidding account in good standing on Bargain-Bids.com. If in doubt, contact the affiliate managing the auction to clarify.
How "No-Show" invoices affect Sellers
When a bidder wins an item(s) and fails to complete the purchase, Bargain-Bids classifies the invoice as a "No-Show" transaction.
In our business, "No-Show" invoices can be one of the most difficult and frustrating aspects of the job. We see it as an equivalent to ordering a pizza to the wrong address or not showing up for a medical appointment– both have an impact to the company's bottom line and waste valuable time and resources.
"No-Show" invoices may feel like a minor inconvenience from the outside. “After all, they still have the item and can just sell it to someone else, right?” In reality, “No-Show” invoices have a much bigger impact on everyone involved in the auction:
When a winning bidder “No-Shows”, getting the item sold is rarely a simple matter of awarding it to the next highest bidder. An estimated 20% or less of these transactions are completed as most second place buyers have hesitations as to why the item did not sell the first time. Typically, the affiliate and seller are forced to go back to square one and resell the item on a future auction or other outlets – both causing more time and effort from both parties.
Bargain-Bids believes it is important to take a firm stance with "No-Show" invoices by disabling accounts which fail to fulfill their obligations. While we take no pleasure in losing customers, it is truly the only recourse we have to protect our affiliates, their sellers and other buyers from "No-Show" buyers in the online auction process. Your card may be charged in the event you fail to show for removal.
We understand that things happen in life that can make it difficult for buyers to complete a purchase. If you find yourself in this situation, we ask that you contact the affiliate as soon as possible to see if other arrangements can be made. If that is not possible, we have instituted a reinstatement policy that allows bidders to retain their bidding privileges. Visit My Account is Disabled page for more information on disabled bidder accounts.
How do I read an Invoice
When you are the winning bidder on an item, you will access your invoices on your dashboard. It is recommended to print off this invoice prior to going to an auction removal, however it is not required as the affiliate auctioneer should have a copy waiting for you. Below you will see an example of an invoice and the information provided.
Your Invoice Explained:
Paying for your Invoice Online
Bidders now have the option to pay auction invoices online! These payments will go directly to the affiliate managing the auction through the payment gateway they have chosen (Square or Paytrace).
Bidders are still expected to pick up their items during the scheduled removal dates. Paying your invoice online does not guarantee alternate pickup options or that an item can be shipped.
This quick tutorial will explain the online payment process:
What if I want to use a different card?
If you want to pay a "Pay with Card on File" invoice with a different card than the one currently stored, you will need to go to your Account tab and update your card on file with the new card information.
Bargain-Bids requires a valid credit card upon registration to verify identity.
Transactions are approved/not approved by the card issuing bank; not Bargain-Bids. Bargain-Bids works with a processing network, it provides varying reasons for their decline responses. Sometimes they can be specific and provide responses such as Activity Limit Exceeded or Insufficient Funds. Other times their responses can be very generic such as Do Not Honor or Not Approved. The best way to help understand what is causing the non-approval would be to have you, the customer contact your card issuing bank for further clarification on why the card is being declined.
Have Questions, Contact Us here
For questions about a specific auction, item, or purchase, you will always contact the Affiliate that managed the auction. Affiliate contact information can be found in the Details section of each auction.
But what if I have an issue with an Independent Affiliate?
Each affiliate is an independently owned business. Most issues will need to be resolved directly with the affiliate that managed the sale. Bargain-Bids's primary role is that of a venue.
Forgot My password
You can request a password reset by clicking on the "Forgot password" link on the log in page or right here.
You will be prompted to enter the email address you used to register
Check your email (including your junk folder!) for a link to reset your password.
When you click the link, you will be directed to create a new password.
Click Submit. You will be redirected to the Login Page. Use your new password to log in.
What if I know my password but I want to change it?
Log into your account as usual, then click on the "Account" tab at the top of the page. Then click the "Change Password" button to choose a new password.
Bidding Account Disabled
Bargain-Bids reserves the right to remove bidding privileges for any user violating Bargain-Bids terms or auction specific terms.
If your bidding has been disabled it is most often due to an unpaid invoice. If you discover your bidding privileges have been suspended, please:
Prompt payment during the scheduled removal days and complying with auction terms and conditions is required to remain an active user on Bargain-Bids.com. If you believe that your bidding has been disabled in error, please contact us using this form.
What is Extending Bidding
Every lot has a scheduled closing time. However, if there is active bidding within 3 minutes of the scheduled closing time for an item, that item will remain open until 3 minutes have elapsed with no new bids.
Lot scheduled to close at 6:30 p.m.
Bid placed at 6:29 p.m.
New close time is 6:32 p.m.
Bid placed at 6:31 p.m.
New close time is 6:34 p.m.
No new bids received; item closes at 6:34 p.m.
Bargain-Bids' goal is to emulate the live auction process. This practice reduces tactics like bid sniping and ensures that all bidders have a chance to participate in the items that they want.
What is Max Bid
All bids placed are in the Max Bid format. A Max Bid is the highest amount that you are willing to pay for an item and is kept private from other bidders until that amount has been exceeded. Bids are automatically placed on your behalf against other bidders until your maximum amount is reached.
All bids must contain a decimal point preceded by at least one digit and be followed by two digits. eg: 2.55 (no dollar signs or comma separators).
What is "Bidding is Per Unit"
Sometimes an auction lot will consist of multiple identical items - for example, this listing is for 40 sheets of siding:
On this lot, the affiliate has set up the bidding on a per unit basis. This means that the bid amount is for one sheet of siding, and the bid is automatically multiplied by the quantity indicated (also known as placing a "times the money" bid).
The total amount of the current high bid can be seen on the item detail page, but the "next required bid" is still the per unit amount.
What is a Buyer's Premium
Buyer's premium (BP) is a percentage that is added on top of the final bid price. BP will be collected on every item sold on Bargain-Bids. This percentage can be found in the terms for each auction, but is typically 13% for items that sell below $5,000 and 10% for items that sell above $5,000. Buyer's premium is capped at $1,000/item (real estate excluded). For example, a $100.00 winning bid will equal an invoice amount of $113 plus applicable sales taxes.
Buyer’s Premium – Real Estate
The buyer’s premium on real estate auctions is not capped and varies by auction. The buyer’s premium for a real estate auction will be listed in the terms for that auction.
Credit card payments are not accepted for more than $5,000; unless otherwise stated in the auction terms.
What is a Reserve
A reserve is an amount that bidding must reach before an item will be sold. Items that have a reserve will state Reserve Not Met underneath the current bid price until that bid price has been met. Once a reserve price has been exceeded, a notice will state Reserve Reached.
See the following examples:
Reserve has not been met, this item will not sell unless another bid exceeds the reserve price or the reserve is lowered by the affiliate.
Reserve has been met; this item will sell to the highest bidder.
In rare cases an item will be sold "on seller approval," meaning that the highest bid will have to be approved by the seller. This is different than a Reserve auction, and in this case, there is no notification of the reserve status and this will be disclosed in the auction terms.
How do I find out how much a reserve is?
The reserve is generally known only to the affiliate running the auction and is not disclosed to bidders.
Can a reserve be lowered?
Affiliates may lower a reserve at any time before or after an auction closes. If the reserve is lowered while the auction is in progress, the applicable reserve message will be updated (Reserve Not Met or Reserve Reached); the asset will sell to the high bidder if the lowered reserve amount is met. If the reserve is lowered after the auction closes, the highest bidder at auction close will receive a winning bidder invoice.
Searching for an Item or Auction
Each Independent Affiliate decides whether or not to offer to ship for some or all of the items in their auctions. It is important to verify shipping information for each auction before bidding on items that you are interested in. In order to find shipping information, visit the shipping tab on the bottom of the page within each auction or item:
If you can not find the information that you are looking for, be sure to contact the affiliate who is managing the auction. The contact number for each auction can be found within the directions tab or the top of each page within the auction or item:
I was outbid by less than the next required bid increment?
Being outbid by less than a bid increment is definitely possible and, in fact, occurs frequently. To understand how this can happen, it’s important to remember the ‘Next Required Bid’ simply indicates the minimum amount of the next bid. As long as the next bid placed is equal to or greater than the ‘Next Required Bid’, the bid will be accepted. The following example illustrates how a bidder can be outbid by less than the next required bid increment.
The high bid on an active auction item is currently $500.00; the bid increment is $50.00. Remember that every bid placed is placed in a max bid format.
Bidder 55555 places a max bid of $700.00. Bidder 55555 is now in the lead with a high bid of $550, or one bid increment above the previous high bid of $500.00. The ‘Next Required Bid’ is now $600.00.
Bidder 66666 places a bid for $600. Since bidder 55555 placed a max bid of $700.00, he will remain the high bidder with a current bid of $650.00, or one bid increment above bidder 66666's bid of $600. The next required bid is now $700.00; which indicates the minimum amount of the next bid must be equal to or greater than $700.
Bidder 66666 decides to place a bid of $710.00. Since bidder 55555's max bid of $700.00 was reached and surpassed, bidder 66666 is the high bidder at $710.00. The ‘Next Required Bid’ is now $760.00, or one bid increment above bidder 66666's bid of $710.00.
If no other bids are placed before the auction closes, bidder 66666 will be the winning bidder of the item with a high bid of $710.
I bid an amount, but another bidder was still in the lead at the exact same price
Your bid was accepted, however most likely another bidder already had already placed a bid for the exact same price. In the example below, bidder 225743 had the exact same bid as the second place bidder (159287). Since BN 225743 placed his bid first, they remain in the lead.
Are owners allowed to bid on their own Items
Absolutely not! An owner is never allowed to bid on their own items. Shill bidding is a direct breach of the terms of our website and affiliate agreement. If you have confirmation of any shill bidding please notify us immediately using this contact form.
Where are my notification emails
Bargain-Bids sends out the following emails:
To make sure you never miss an email from us, please add the following email addresses as contacts in your email service:
support@Bargain-Bids.com (For outbid notifications, invoice notifications and informing you of all the new auctions)
To manage your email preferences, navigate to your Account Page while logged into Bargain-Bids.com.
Locating previous auction and lots
Closed auctions can be quickly accessed through the link in the upper right hand corner of the website next to the Login button. Auctions are listed with the most recent closing date/time first.
You can also search for sold (or unsold) items by filtering for closed auctions when using the Advanced Search function.
What if I am exempt from sales tax
What if the pictures are not showing up on Bargain-Bids
If you are having issues seeing pictures on Bargain-Bids.com, it may be an issue with a security product installed on your computer. If you do have a security product installed on your computer, try disabling it on Bargain-Bids.com or adding Bargain-Bids.com on the firewall whitelist.
Are you using Spectrum Security Suite?
Try the following three solutions:
Become An Affiliate
Become an affiliate auctioneer.
Our philosophy is simple: Provide our bidders with the auctions they want and the exceptional buying experience they have come to expect.
Through this philosophy and thousands of auctions, Bargain-Bids.com has experienced incredible growth fueled by our network of high quality independent affiliates. We are currently expanding our affiliate network and are interested in developing affiliate relationships in your area.
What is an independent affiliate?
Affiliates are business entities that use Bargain-Bids.com as a venue to present online auctions to a large audience of buyers. Affiliates are responsible for all aspects of their business; from adhering to state and federal laws, collecting and submitting sales tax and contracting with and paying consignors. Since these businesses are not agents or franchises of Bargain-Bids they are not constrained by sales quotas or territories and can operate their business when and where they choose.
Affiliates manage the auction process from start to finish and are typically compensated on a commission/fee basis that is agreed upon with the seller. Affiliates are responsible for developing their asset supply lines and seller relationships. These relationships vary by affiliate, but we have seen the primary sources of assets are:
Why join the network?
Growing Demand – Joining the affiliate network puts you on the fast track to an industry that is growing at a rapid pace. Auctions have evolved into the digital age as the switch to online venues and bidding platforms have brought in a new wave of buyers and sellers. Online auctions are quickly becoming one of the most time and cost effective ways for individuals and businesses to efficiently liquidate used assets.
Software – Bargain-Bids’ bidding platform is not only easy and convenient for buyers; affiliates have full autonomy in conducting auctions from start to finish with multiple tools available to help expedite the process. From pre-auction formatting, to post auction settlement creation, the software was developed with the auctioneer experience and efficiency in mind.
Support – We recognize that when our affiliates success is our success. Through direct training and tutorials we are able to pass that knowledge on and assist new affiliates how and when they need it.
Buyers – Auctions are a numbers game. Simply posting an auction on the Bargain-Bids.com puts your auction in front a massive audience of motivated buyers. Bargain-Bids will always be committed to bringing in new buyers through our comprehensive and multi-faceted marketing strategies.
Reputation – We take pride in the fact that we are able to facilitate a venue that can assist individuals to launch and sustain their own independently owned businesses, and it is not a responsibility that we take lightly. Every decision we make is based on the integrity of our product and the reputation of our website, those joining the affiliate network are agreeing to uphold that reputation and stand to benefit from a growing community of buyers and sellers that depend on it.
Please click here to contact us for more information regarding our affiliate program.
Finding the Right Afilliate
How do I get started?
Bargain-Bids has a network of affiliates interested in selling your assets -- so many in fact, it may feel a little overwhelming! Below are some resources available to assist in your search for an affiliate auctioneer and some more information on the auction process.
A directory and map of active affiliates can be found by clicking HERE. Below are some tips that you can use when choosing an affiliate to handle your auction.
What to Sell on Bargain-Bids
There are many factors that will make up a successful auction on Bargain-Bids.com:
Value of the items: Buyers are only interested in the assets that are available. Higher value items will inevitably receive higher bid prices and more competition. Low value items or "garage sale" leftovers typically perform poorly and most affiliates are unable to accept them or liquidate them profitably.
Condition of the items: Assets in clean, working condition perform the best on Bargain-Bids.com. Potential buyers make purchasing decisions based off the pictures that are provided. A clean and orderly sale location can make a potential buyer comfortable with the assets they are bidding on.
Number of buyers: Presenting your auction on Bargain-Bids.com already gives you a leg up when it comes to potential buyers. Bargain-Bids is the premier online auction website in the North Florida area. However, certain auctions and situations will deserve extra exposure in order to find the "right" buyers. Bargain-Bids Affiliates have access to comprehensive marketing options and expertise to help sellers find the right target audience for their assets.
Experience: Many Bargain-Bids affiliates have experience in the auction field. This experience can help maximize return in the online auction format. There are many options when it comes to choosing how to liquidate your assets, make sure that you do not discount the importance that an experienced network can provide.
How does an Auction work
Below are the general operating procedures followed by many affiliates, however, it is important to recognize Independent Affiliates are independent businesses whose practices may vary.
Initial Contact with Affiliate – The seller provides the affiliate with information on the asset(s) they have to sell.
Consignment Agreement – After the terms of the sale are negotiated, the affiliate is responsible for drawing up a consignment agreement that details all relevant issues and expectations of the sale -- both parties sign the agreement.
Asset Descriptions & Pictures – This is the most crucial step of any auction. The quality and reliability of an asset’s description and pictures directly impacts the final bid price and ultimately the successful sale of the asset(s). Sellers provide the affiliate with detailed information about their asset(s); the affiliate translates this information into an item description specific to that asset. The affiliate also photographs the asset ensuring the photos accurately depict the asset.
Important Note: Full disclosure is a fundamental requirement for every asset listed on Bargain-Bids.com. Item descriptions and pictures are assumed to be complete and accurate. Bidders are not penalized for not honoring bids for assets with item descriptions that failed to disclose information material to the asset’s value.
Auction Published - Once an auction goes “live”, the affiliate is responsible for fielding all questions relating to the auction. The affiliate will hold an inspection for the auction, allowing interested bidders an opportunity to see, touch and ask questions about the assets being sold.
Auction Close - After the auction closes, auction invoices appear on the dashboard of winning bidders.
Removal Day – The affiliate is responsible for managing all aspects of the auction removal --- from ensuring invoice and payment accuracy to dispensing assets to the winning bidder.
Settlements and Sales Taxes – Two weeks after the auction closes, the affiliate provides the seller with a detailed settlement sheet and payment for the assets sold on the auction (final bid prices less any commission and fees detailed in the consignment agreement). The affiliate is responsible for submitting the sales taxes collected for the auction to the appropriate state agency.