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Business

Training

Goals

30 Day Goals

  • Complete this training course
  • Establish business social media pages
  • Create a business website that targets sellers

60 Day Goals

  • Get familiar with the Auction Spear tool box and watch the training videos
  • Establish accounts on key advertising sites (List is in the tool box)
  • Create a business website that targets sellers

Protect Yourself & Your Business

Young serious African businessman or lawyer in suit

Seek the advice of an attorney.

Always consult with a licensed attorney when operating your business. The up front cost spent on a good attorney may save you tens of thousands of dollars in the long run. Have the attorney review your contracts and business practices for any possible liabilities that he may foresee.

Abide by the law.

Consulting with a good attorney, abiding by the law and industry standards will help greatly reduce the chances of a lawsuit. The law is written to protect consumers as well as business owners alike.

Always obtain a signed contract prior to performing any work.

A well written contract, such as the contract templates available in the Independent Associate tool box, helps reduce conflict and the chance of a lawsuit. Our contracts have been attorney reviewed and updated specifically for the Auction Spear team. We highly recommend having your attorney review the contracts prior to use.

Use Contracts as a Tool

Terms & conditions and your contracts may be the only thing that prevent a law suit. You should know your terms and conditions and contracts inside and out for your protection. When a customer calls with an issue always refer to the terms and conditions or portion of the contract that applies to that situation. Never try to “wing it” and guess. The best statement you can make to a customer with an issue is, “according to our terms & conditions/contract…..” followed up by the specific part that applies to their issue. This not only protects you but sends a message to the customer that they agreed to these when they signed on board. Contracts and Terms & Conditions should be used as a tool to your benefit and protection. The online auctioneer tool box includes professionally written and attorney reviewed contracts for service.

Points to remember when operating your online auction business

  • Always operate your auction business professionally per industry standards.
  • Abide by all Federal, State & Local laws and regulations
  • Have an attorney review your consignment contract and other legal matters
  • Always Obtain a signed contract for all consignors & sellers prior to performing any work
  • Retain copies of auction signature page & invoices for at least 2 years per law
  • Always post “Terms & Conditions” on every auction
  • Collect and pay the State sales taxes to the State of Texas not Auction Spear
  • Pay consignors within 15 business days (M-F) Never pay with cash, always a bank drawn cashiers check or EFT.
  • Pay the buyers premium to Auction Spear LLC within 7 business days from auction close
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About Company

Auction Spear LLC is a family-owned and operated quality online auction system based in Arlington TX. 

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*Auction Spear LLC and AuctionSpear.com is an independent provider of online auction platforms only and does not manage or dictate the day-to-day operations of the independent business auction companies that lease space on the site. Each auction company is an independent business, and any questions, complaints or concerns must be resolved directly with the auction company in question.

*Auction Spear LLC is a provider of online auction platforms only. Requests for auction or related services may be referred to independent business auctioneers or liquidators under the Auction Spear LLC list of independent companies and may not be handled directly by Auction Spear LLC. There is no fee for this service and all auctioneers, auction companies and liquidators are independent companies leasing space and operating on the Auction Spear LLC platform.

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