The Seller’s Estimated Net Proceeds Worksheet is one of the various accounts receivable worksheets that the Seller requires to use when he has an item or items that are going to be being put on the auction block. What makes this worksheet different from the others, however, is that it is a valuable tool that allows the Seller to get a handle on where his money is going if there is a dispute between the two parties over how much money is owed to the Seller and whether it should go to the Buyer or the Seller.
This worksheet is made up of four sections that provide the Seller with valuable insight into how much money the E-Book Seller is making, as well as how many items are going out the door, as well as how many are coming in. The Seller’s account of the date, time, and overall condition of the item can give the Seller confidence in the sale, as well as put him in a position to have a clear idea of how much of the money he is going to make from the sale.
While the Seller’s Net Proceeds Worksheet can help to relieve the stress of the auction selling process, it does not provide a tool for the Seller to use that can be used to take an inventory of the item that has been taken off the shelf. The Seller needs a process that will allow him to check for damages before the auction takes place and then repair those damages at the auction site.
Repairing damages is often difficult for the Buyer to do, and even more difficult for the Seller to do. Damage repairs should be provided by the Auction House if the Item is of value because repairing yourself is not only very time consuming, but it is also likely to result in the removal of the original piece of artwork. When an item is so damaged, a ‘clean’ eBay listing is usually the only option, and this is often what the Buyer wants to see.
There are several ways to find out the condition of an item before the auction takes place. In addition to the Seller’s worksheet that he may have come up with on his own, it is possible to talk to some of the other bidders and ask them questions about the condition of the item. Questions about the authenticity of the artwork are best directed to the artist of the work, or if a signature exists, to the person who owned the artwork in the first place.
Auctions require security, and usually, this involves a measure of surveillance and security to keep the buyers from being ‘bought’. It is often best to leave the door unlocked at an auction and to keep cell phones and laptops out of sight when not in use.
It is also good to keep the lights on and a phone with you at all times, so that you can look over the worksheet that the Seller has used to estimate the net proceeds. Auctions are serious business, and many individuals have been successful in bidding on an item at the last minute and bringing home a large amount of money. When these people get caught they might face a felony charge, and they may find themselves losing their homes and even their careers.
A good worksheet will help you figure out if the Seller’s item is worth buying, and it will help you save time when dealing with the Buyer if an auction is close. If you are looking for a way to reduce your stress level, keep an eye on the Seller’s Estimated Net Proceeds Worksheet, and you will probably be able to reduce your stress level and make a successful sale.