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Frequently Asked Questions

  How to Sell on Standard Auctions   Help Index  
How To Post a Standard Auction
To create and start a "Standard Auctions", click on the "Sell" button.

Category: Chose a Category and check any sub categories your Auction items are in and click on to continue to next step button at the page bottom.

Title:: Give your Auction a name.

Description: Add your project description, the more details you add, the better Buyers will understand what you are selling.

Photos & Graphics: Upload a Photo (GIF, JPEG) or point browser to URL link. You can submit one photo or graphic for free.
You can upload up to 5 additional photos or graphics. You will be charged 20.00 USD for each additional picture you upload after the first photo or graphic.

Forward Auction Types: Choose Standard Auction or Dutch Auction (see about Dutch Auction inthe FAQ)

Price: Set up minimum selling price. If you choose the “Reserve Price”, you can strategically set a low price to get bidders to bid. The Reserve Price minimum must be discovered, it is not apparent.

Reserve Price: If you choose to set a minimum "Reserve Price", this is the minimum price you will sell your auction for. If the Reserve Price is not met before the Item closes, there will be no winner.

If the reserve price is met, the highest bidder will win the Item when it closes.

Buy Now: Optional is the 'Buy Now" feature, set this price to "Retail Price" you will accept if someone will bypass the auction process and will buy at retail.

Name-Your-Price Offer: Optional is the "Name Your Price" feature. If you choose to use the "Name Your Price" option your auction will display a button the buyer can click and enter the amount they would like to pay for the item.

You as the seller will receive an email with the "Name Your Price offer. You go to your control panel to accept or decline the "Name Your Price" offer.

If you accept the offer the auction will end. If you decline the offer the auction will continue as is. The Name Your Price offer will not show as a bid on the auction page.
Note: Other buyers will still be able to bid on the auction. If the auction receives a bid while a "Name Your Price" offer is pending, the bid offer will become invalid and the bid will show on the auction page. Name Your Price offers will follow our bid increment.
Auction Duration: Next set the number of days the bid should run and the number of time the Auction can relist if the Auction does not close up to a maximum of 3-times.

Next, check the Proportional increments button or the Fixed Amount Increase and set the minimum amount between bids.

Payment methods: iSolar Exchange does not process your transactions between you and your customer. Please list the method of payment you require and choose the most suitable payment method. PayPal is extremely useful, you can set up an account and send an electronic invoice and the Buyer can use Bank or Credit Card funds to pay you.

Location: Set your location, Country, State and Zip code, either from where you are or where the item being sold is located.

Shipping: Set you shipping method and how shipping will be paid.

Listing Enchantments: If you choose one of Listing Enchantments; you will pay for these when posting your Auction. You are not required to use any of these to post your Auction.

Do you want a Public or Private Auctions? If you did not create or check an Invited list, your Auction will automatically be posted to the general public as a Public Auction. Click on "No List".
Private Auctions: Some Sellers wish to remain anonymous to the general public and want to invite a group of pre-qualified buyers, especially if Sellers are reducing inventories or exploring new price point.

You have two methods to create a Private Auction.


a. Go to Account Management "Standard Auction" and click on "Invited User List", next create a list name, then search the iSolar Exchange member list and choose who you want to invite. In Auction, click on the name of the List you want to use, then Click on the two button to make the Auction Private and to mail the list.

b. Use the "Invited Bidders by Email Address", just list buyers email address and click on Submit Email, you can invite both registered and non-registered users. Invited Buyers will receive an email with a link to log-in or register and once logged in, will be sent to the Private Auction.

c. You can both Option A & B in the same auction. Click on the two button to make the Auction Private and to mail the list.

Only Invited Auction members can bid on your Private Auction. Private Auctions are a good way to invite pre-qualified and existing customers or new customers.

If everything is fine, enter your password and post.

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All About Dutch Auctions
Dutch Auctions are used to sell multiple quantities of the same item. They allow sellers to sell the same item in various quantities as one single lot in an auction.

With a Dutch Auction the items do not have to be listed separately saving time. In a Dutch Auction, all the winning bidders pay the same price.

The final price is determined by the lowest winning bid. So, even if your bid is higher than the lowest winning bid, you will still pay the lower amount.

The highest bidders of the available quantities win, and the lowest bid within the group of winners sets the final price.

As an example, if three people bidone of three items, the price each bidder would pay would be the third highest bidder's bid amount and each would receive one item as per their bid. If there are multiple buyers bidding various quantities in a lot the highest bidders are the ones that get first service.

The highest bidders' request for their quantities will be honored, while quantities last. In other words, the lowest winning bidder may not get the quantity they wanted.

Therefore, it is not always good to be the lowest successful bidder. The highest bidder will get theirs first which may leave you with just one item, or an amount less than you wanted.

If you want more than one of an item in a Dutch Auction don't be stingy with your maximum bid.

By maximizing your bid you may win your requested quantitiy and pay the lowest winning bid price instead of paying the lowest bid price with only one item.
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