Auction Organizing

There’s no labor a man can do that’s undignified — if he does it right.  — Bill Cosby

A Definite Must!

Here is a great practical.  I am a bit unorganized with the stuff I don’t like to do.  Keeping records is one of those things I don’t like.  I tried to pawn it off on my wife but she is too smart.  I would recommend getting a manila folder and copy about 100 of these auction organization sheets and put it into a file cabinet.  Then get another folder and label it ‘current auctions.” Anytime you start a new auction, grab a fresh sheet from your file cabinet and fill it out.  This comes in handy when you start to get a lot of questions about items you’re selling.  You can simply reach over, grab the sheet according to Title and item number and everything is ready for you.

After the sale is over it also serves as an excellent place to put all your
information about the auction.  Even after that it contains all the information for your finances so you can figure out what you actually made
and what, if any, taxes you owe.

I will go through this sheet line by line, although it is pretty straightforward.

Practical #2

Get an accordion filing system and make sure it has the months of the year on them.  Anytime you complete an auction, put the sheet into the appropriate month.  I also put all my receipts incurred during that month in as well.  When its tax time you will be all ready to go.  This makes life much easier.

If you like the idea of the filing cabinet better go with that route.  Included in our system are the files you already need labeled and ready to go.  You would be amazed at how many people really do not want to sit down and set up the details end of selling online (myself included).  It is much more fun to just jump in and start selling.

You really need to start thinking long term and what your job will be like when it is time to do your taxes.  Save yourself the headache now and you will be much better off in the long run.  Remember planning is what separates the rookies from the pros.

Related posts:

• Vendio, Auction Management
• Vendio Review
• Long Term Plans