ARMS AUCTION - GUNACCESSORY.COM
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 Buyer's Guide 
 

How_Auction_Work

HOW ARMS AUCTION WORK

It is similar to a live auction but performed through the medium of internet. Seller displays photographs at the site, writes specs and describes condition of the Firearm, Region/State available in, payment processing means, etc and minimum acceptable rates, minimum bid amount, bid increment amount and duration of the Auction. Registered members who choose to receive info about new items will be informed by e-mail. If interested they can view the item at the site using their username and password. You can ask the seller questions about the tax liability, availability, transportation terms and conditions etc. before you bid for the same.

HOW TO SELL
.Registering
2.Entering Your Billing Information
3.Listing an Item
4.Your Account Status and Billing
HOW TO BID
1.Completing The Transaction
2.Leaving Feedback

 

HOW TO SELL :

 

 

Registering

TOP

1.
In order to post an item to be auctioned off,  you must first be registered. 

To register, simply click on the Register link.  Choose a user name which you can easily remember, and fill in the other required fields.  Your password will automatically be generated and emailed to you.  You can change your password at any time by choosing the Member Services option and then clicking the Change Your Password link.

You only need to register once,  as you can change your user information at any time by choosing Member Services, and then clicking the Edit My Registration link.

Note: There may only be one account per email address.  The system will not let you create more than one account with the same email address.

Verification is required, so you will not be allowed to make any further changes to your account until it is activated by the Administrator. It usually takes 12 hours for activation of your account and on activation you will be informed by email. The user (other than an Arms Dealer) may also be requested to send us a copy of their Arms Licence by email/ fax or by post.

  Entering Your Billing Information (View FEE's Section for updated information) TOP
1.
Once you have an active account,  you must enter in your billing information in order to post an auction.  You can enter your billing information by choosing the Manage Auction option, then clicking on the My Billing Information link.
2.

You can change your billing information at any time by choosing the Manage Auction option, then clicking on the My Billing Information link.

 

  Listing an Item TOP
1.
You can list an item by navigating to the category where you want your item listed, and then choosing the Add an Auction link.  
2.

Once you choose the correct category for your item,  simply follow all the onscreen instructions to add your item.  All options that have an associated charge will note that charge when you choose it. Following are the Options which you will be required to fill:  
Type of Auction
Region
Category
Item Title
Duration, Quantity and Price
Item Description
Payment and Shipping details
Image Location (Add Picture)

Type of Auction:
Standard Auction: A Standard Auction is one in which bidding raises the price incrementally. Standard auctions can have a Reserve Price, and use Proxy Bidding.
The winner of a Standard Auction is the person with the highest bid at the end of the auction. The auction is considered successful if the Reserve Price has been met. If the Reserve Price was not met, the auction is considered unsuccessful and the item owner is under no obligation to sell the item.
Reserve Price is the minimum price the seller is willing to accept for an item.
Proxy Bidding: When you place a bid, enter the maximum amount you are willing to pay for that item. This amount will always be kept secret. Whenever someone else places a bid, our auction software will automatically enter the lowest possible bid for you, up to your maximum bid, until you are the winning bidder. At the end of an auction, if you are the high bidder, you are the winner. As the winner of the auction, you only pay the lowest possible winning bid, not necessarily your maximum bid. When Proxy Bidding is in effect, it can appear as if one bidder has beat another bidder with the same bid amount. This is normal and occurs when a bidder has a proxy bid in effect and a second bidder comes along and makes their bid at the exact same amount the current proxy bid is at. Since the proxy bid was placed earlier, that is the bid that will succeed. For the second bidder to succeed in placing a bid, they must bid higher than the proxy bid that is in effect.
Dutch Auction: A Dutch Auction label only applies to multiple-item Auctions. A single quantity Auction is a Standard Auction. In a Dutch Auction, all Winning bidders get their items at the price of the lowest Winning bid. There is no Automatic Bidding or Reserve Price for Dutch Auctions.
Example, a Dutch auction has 10 items for sale. The opening price for the items is INR 10,000 each. After the auction opens, 20 people place equal bids for the items at INR 10,000 each. If the auction were to close at this point, the first 10 people to bid would be declared the winners, because earlier bids take precedence over later bids of equal amount (and in this case, quantity). However, before the auction closes, a new bidder places a bid of INR 15,000 for one of the items. Because this person has the highest bid, he/she will most certainly win one of the 10 auction items. The remaining 9 items are won by the first 9 bidders who bid at INR 10,000. However, because all bids clear at the lowest winning bid, the person who bid INR 15,000 will only be required to pay INR 10,000 for the item. By bidding over opening price, new bidders can essentially knock the earlier low bidders out of the running.
INR: Indian Rupees

Region:
You will have to select the area in which the firearms or Ammunition are located. This is a drop down menu with most of the States filled in. You can describe the area in the item description column if you want to be more specific.

Category:
Next, the correct category under which your item would appear has to be selected. You can select the category from the drop down list available. Choosing the right category under which a item will be classified is very important. Users or potential buyers search for the items they desire under the relevant categories. In order for your item to catch their attention, it should appear under the relevant listing.

Item Title:
This is the title of your firearms which an interested buyer will see on seaching in a particular category.

Duration, Quantity and Price:
Establishing the period of the auction: The start date and end date, thus the length or period of the auction, has to be stated. Fill the date the auction is to end in the text box provided. Remember, a short to medium auction period normally works better for all concerned.
Stating Start Bid Amount, Reserve Price and Purchase Now Price: The starting price and reserve price for the item has to be specified in the space provided. The reserve price is the minimum price the seller is willing to accept for the item. This amount is set by the seller before the auction starts, and is never disclosed. The seller may choose not to have any reserve price. The starting bid amount is the price at which bidding for the item will start. In case the seller chooses to have a reserve price, we recommend that the start price should be a little lower (about 15% - 20%) than the reserve price. Purchase Now is the price at which the bidding will stop further and the bidder will be sold the item.

Item Description:
In the space provided, a brief description of the item should be given so that it provides information to bidders and at the same time makes the item attractive. Please provide an accurate description in order to encourage genuine bidding. You should provide information such as bluing condition (i.e. original, rebrowned & how much is still on the weapon), barrel groove condition, how much barrel it is rusted from inside, are there any ring marks inside the barrel, firing mechanism operation, has the firearm been repaired and how much, grips- original or not, marking condition, overall pitting/rust condition etc. so as to provide true and accurate condition of the weapon so that disputes may not arise later on.

Payment and Shipping details:
State Shipping Charges   Who is going to bear the cost of transportation of the goods and T.L Charges. In the space provided for payment methods, you should enter which types of payment would be accepted by you, such as Cash, Cheque or Demand Draft.An easy way to do this is to click on the payment method that you would prefer from the list of examples, and it will be automatically filled in for you.
State Shipping Terms   If delivery can be made within the State or in a Region or anywhere in the Country. How much does it take to get T.L issued against a valid NOC.Can you give counter delivery and what will be the charges?
Ship via   In this space, the terms of delivery need to be stated. An easy way to do this is to click on the Shipping option that you would prefer from the list of examples, and it will be automatically filled in for you. Alternatively you can type free text of your choice in the item description field.

Image Location (Add Picture):
To upload a picture onto gunaccessory.com, you need to first optimise your image to less than 60K. (To optimise:- open the JPEG image in Paint, then press Ctrl - W, Resizing window will open where you can reduce the image. Then Save the image for uploading). Use Auction Wizard in the "Create An Auction Form" page within the Item Information section that allows you to upload your image to our server. Just click on the "browse” button and then locate the image file on your computer. Once located, click on the "upload" button to upload your image. You will then be presented with a window that shows the image to you, and the URL of the image below it. You can upload a maximum of Four images per Auction. If you already know the URL of your image, all you need to do is enter the URL in the Image URL section. Remember, the URL has to end in .gif or .jpg or .jpeg. To generate thumbnail images in the main page view use .jpeg image file.

4.
Once you have entered all the information about your item,  you will be presented with a preview screen where you can review all of the information you have entered and options you have chosen. Use the Back button to go back and make any necessary changes.  Do not press the Finish button until you are absolutely sure that all of the information is correct.  You will not be able to change or edit any information once you press the Finish button. You can Modify the Price and add to the Description of the item in Manage Your Auction   Link in Membership   page.
5.
Once you press the Finish button your auction will be listed immediately and you will be presented with a link to where you can view your auction. There are no listing charges except for bold face charges per listing.
  Your Account Status and Billing (View FEE's Section for updated information) TOP
1.
You can check the status of any debits or credits that have been charged to your account by choosing the Member Services option, and clicking on the View My Bill link. 
2.
Log into your account using your username and password,  and then choose a date for which to view your bill.  All transactions for your chosen billing period will tell you what the debit (Listing Fee, Closing Fee) or Registration Credit was for, how much it was, and the date that it was processed.
3.

You account will be billed on a monthly basis.  All account balances will carry over to the next month.

Note: Accounts with past due balances may be frozen by an administrator.  Users with a frozen account will not be able to bid, post items, or edit their account information.

 

HOW TO BID:

 

1.
Once you have an active account,  you are ready to bid.  Simply navigate to the auction you want to bid on via the category listings or using the search features,  and then place your bid.
2.
Note the type of auction that you are bidding on.  Standard and Dutch auctions work differently.

Standard Auction: A Standard Auction is one in which bidding raises the price incrementally. Standard auctions can have a Reserve Price, and use Proxy Bidding.

The winner of a Standard Auction is the person with the highest bid at the end of the auction. The auction is considered successful if the Reserve Price has been met. If the Reserve Price was not met, the auction is considered unsuccessful and the item owner is under no obligation to sell the item.

Dutch Auction: A Dutch Auction label only applies to multiple-item Auctions. A single quantity Auction is a Standard Auction. In a Dutch Auction, all Winning bidders get their items at the price of the lowest Winning bid. There is no Proxy Bidding or Reserve Price for Dutch Auctions.

RESERVE PRICE: The reserve price is the minimum price the seller is willing to accept for the item. This amount is set by the seller before the auction starts, and is never disclosed. The seller may choose not to have any reserve price.

PROXY BIDDING: Proxy bidding only applies to Standard Auctions.When you place a bid, enter the maximum amount you are willing to pay for that item. This amount will always be kept secret.Whenever someone else places a bid, our auction software will automatically enter the lowest possible bid for you, up to your maximum bid, until you are the winning bidder. At the end of an auction, if you are the high bidder, you are the winner. As the winner of the auction, you only pay the lowest possible winning bid, not necessarily your maximum bid. When Proxy Bidding is in effect, it can appear as if one bidder has beat another bidder with the same bid amount. This is normal and occurs when a bidder has a proxy bid in effect and a second bidder comes along and makes their bid at the exact same amount the current proxy bid is at. Since the proxy bid was placed earlier, that is the bid that will succeed. For the second bidder to succeed in placing a bid, they must bid higher than the proxy bid that is in effect.

3.
It is highly recommended that you read over all sale, payment and transportation terms and conditions before you place your bid.  Some items may not be returnable, but please note that by bidding, you are legally bind to purchasing the item if you are the winning bidder.
  Completing the Transaction TOP
 
Once an auction closes an email will be sent to the winning bidder containing contact information for the seller.  If you are the winning bidder you should immediately contact the seller to arrange for payment and delivery of the item.  The seller may also contact you via the contact information you provided upon registration.
  Leaving Feedback TOP
 
You should always leave feedback on the seller after completing a transaction.  This lets other users know what to expect from the seller, whether that be good or bad.  You can reach the feedback form by clicking on the Leave Feedback on Seller link on the item detail page.  Please restrain from using foul or obscene language, as other users may be offended.  Inappropriate feedback will be deleted.

Simply navigate to the auction you want to bid on via the category listings or using the search features, then place your bid. The highest bidder at the end of the Auction will be informed about the contact details of the Seller and vice-versa.
Bidding types: -
Fixed Bidding: You bid a amount which gets displayed on the site and the other bidders place competing bids.
Proxy Bidding: Proxy bidding only applies to Standard Auctions. When you place a bid, enter the maximum amount you are willing to pay for that item. This amount will always be kept secret. Whenever someone else places a bid, our auction software will automatically enter the lowest possible bid for you, up to your maximum bid, until you are the winning bidder. At the end of an auction, if you are the high bidder, you are the winner. As the winner of the auction, you only pay the lowest possible winning bid, not necessarily your maximum bid. When Proxy Bidding is in effect, it can appear as if one bidder has beat another bidder with the same bid amount. This is normal and occurs when a bidder has a proxy bid in effect and a second bidder comes along and makes their bid at the exact same amount the current proxy bid is at. Since the proxy bid was placed earlier, that is the bid that will succeed. For the second bidder to succeed in placing a bid, they must bid higher than the proxy bid that is in effect.

  1. When you place a bid, you enter the maximum amount you'd be willing to pay for the item. Your maximum amount is kept confidential from other bidders and the seller.
  2. Gunaccessory.Com system compares your bid to those of the other bidders.
  3. The system places bids on your behalf, using only as much of your bid as is necessary to maintain your high bid position (or to meet the reserve price). The system will bid up to your maximum amount.
  4. If another bidder has a higher maximum, you'll be outbid. BUT, if no other bidder has a higher maximum, you win the item. And you could pay significantly less than your maximum price! This means you don't have to keep coming back to re-bid every time another bid is placed.
You should always leave feedback on the seller after completing a transaction. This lets other users know what to expect from the seller, whether that be good or bad. You can reach the feedback form by clicking on the leave Feedback on Seller link on the item detail page. Please restrain from using foul or obscene language, as other users may be offended. Inappropriate feedback will be deleted.

As a startup you can send us the list of Arms and Ammo for sale to be uploaded to the site, which will be operational by the first week of July 2004.


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Transmitted: 7/4/2009 9:18:20 AM
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