You'll also have to decide how you'll handle sales, payment, and shipping. Once winning bids are made, the auction site typically helps the buyers and sellers make arrangements for payment and delivery. But some auction sites introduce the winning bidders and sellers at the end of the auction so that they can work out payment and delivery among themselves. In that case, once the auction site gathers its fees from one or both participants, its responsibility ends. Establish what fees you'll charge.
Some sites charge a transaction fee based on the product's selling price and volume.
As volume increases, the seller pays a lower percentage. At other sites, buyers pay a fee that equals a percentage of the transaction. Educate yourself on strategies for making sure you get paid . Online businesses need some customer service expertise. As with any business, there will be confusing shipping issues, questions about products, and problems with payments and returns .