PHILADELPHIA, PA, August 20, 2013 /24-7PressRelease/
-- Business development strategy consultant Jason Castenir
began his career history as an entrepreneur and founder of an online auction company for businesses with excess products and assets that needed liquidating. As such, he has a special insider's insight into the online auctioning field - an insight which, unfortunately, many online consumers lack.
The result is a slew of consumers being scammed online when bidding for items on less reputable online auction platforms. A recent Better Business Bureau consumer news article reports that approximately 48 percent of all online fraud reports are the result of online auction fraud.
To help prevent this, the article offers online consumers the following advice in order to help protect them from this type of online fraud.
The first and most important tip that the article offers is for online shoppers to make sure that the auction site on which they are bidding is a reputable business. "With so many reputable online retailers and auction sites, it is important for consumers to not venture out into the unknown," says business strategy consultant and online auction company founder Jason Castenir. "We advise our clients to not get so caught up in deal chasing that they begin shopping with companies that may not be real, resulting in scamming and loss of capital."
Because of this, says the article, it is important that online shoppers research the reputation of their auction marketplaces beforehand. Reviews of previous consumer experience are a good place to start. Potential bidders are also advised to contact potential sellers beforehand to make sure that their contact information checks out. Multiple addresses or phone numbers are often a red flag for suspicious activity on the seller's part.
Bidders are also advised to check out the products that they will be bidding on closely. Even when the item up for bid is legitimately up for bid, says the article, many online auction consumers are still susceptible to buyers' remorse - making a purchase without understanding the full terms or details involved and regretting it later. Simply put, if a deal seems too good to be true, there is a good chance that it is, even at auction.
To lessen this probability, the article recommends that bidders scope out the return policy on their auction site. Even if it seems that there is not one, sometimes it is simply hidden in the fine print. Consumers are urged to go over this fine print to make sure that they agree to the terms beforehand, because it will be too late once the purchase is made.
Most of these headaches can be avoided, however, by sticking to reputable auction sites in the first place. "If it isn't real, then the deal isn't good," summarizes Jason Castenir, "so be willing to pay a little more for the peace of mind that you are actually going to get the products you are buying."
Business development strategist Jason Castenir
got his start as a successful entrepreneur who developed an online auction company. This company helped other businesses liquidate their excess assets and products through online auction transactions. After the company sold, Castenir became a freelance business strategy consultant, eventually joining up with Maverick Asset Management. Here he works as the Lead Consultant in Strategic Business Development, where he helps other businesses identify problematic areas in their operations. Castenir is an expert at developing master business strategies to address and eliminate these issues through revamping of business management systems and marketing campaigns.