Scrap material in the form of e-waste or recycled electronic parts or devices is often sold online through online auctions. There are many different options in online auctions to consider but when you are selling or buying a highly specialized product it is best to look for a specialized website. While a scrap material auction site may not be a well-known as some of the general online auctions, it will attract the buyers and sellers that are specifically in the market for scrap material from electronics.
When you are selecting a scrap material auction site there are several things that you need to keep in mind as a buyer or a seller. You want to make sure you are dealing with a reputable website that has an established clientele of both buyers and sellers and you want to make sure the auctions are held professionally, ethically and fairly for all involved.
Established Website
It is easy to tell if you are on an established scrap material auction site that has an active group of buyers and sellers. Simply scroll through the auctions and categories of auctions and check on the number of bids, the number of lots, and the activity level with regards to new listings coming online and actual sales being completed.
You should also look at the quality of the website. Does the website itself provide information on the company, the auction policies and information on buying and seller? It the website up and running each time you check it out or is it sometimes offline or unavailable? These are essential questions to answer for yourself before making a decision to use the scrap material auction site or not.
Auction Format
Read the options that you have for bidding or listing on the scrap material auction site. Do they provide automatic features that will handle bids and messages or do you have to manage the auction more actively? Typically the more automated the system is the more professionally managed the auction will be.
You should also check to see the options that the scrap material auction site provides such as a public auction format or a Buy It Now or BIN option. This can be a real timesaver for both buyers and sellers to consider and gives you even more opportunity to benefit from using the site.
When you are selecting a scrap material auction site there are several things that you need to keep in mind as a buyer or a seller.
