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Smart Ways Your Business Can Benefit From Online Auctions


It seems as if everyone is talking about online auctions. And why not. There are thousands of online auctions on the internet with more popping up everyday. People love them because they can usually find great bargains. Businesses are now also seeing the benefits of online auctions. Below are five ways your business can benefit from online auctions.

1. Get Rid Of Excess Inventory

You could sell your excess or discontinued products at an online auction. Your unsold inventory is doing you no good sitting around, collecting dust. It's an effective way to make extra income and it won't be a total loss for your business. You could even get lucky and make a profit depending on how much people will bid for your excess inventory.

2. Test Pricing For New Products

An easy way to test new product prices is to see what people will bid for them at an online auction. First, sell your product at three different online auctions. Next, calculate the average selling bid from all three auctions and that will be your selling price for your new product.

3. Sell Your Products

You can get your product in front of a large audience by selling it at an online auction. Some of the bigger auction sites draw over millions of hits a year. The key to being successful is to sell your product at multiple online auctions at the same time. Let's say you sold one product a day from just one auction site. If you sell your product at one hundred online auction sites that would be one hundred sales a day!

4. Start Your Own Online Auction

Drive traffic to your web site by starting your own online auction. People will visit your web site to find bargains and to sell their own products. You will get plenty of repeat visitors from people re-bidding on products and adding new products to sell. You could also charge other businesses to advertise on your web site.

5. Lower Your Business Costs

You can find lower prices on business supplies and equipment at online auctions. I'm not saying all the time, but before you go pay retail for a new printer try bidding on one first. A company may be selling them at a lower price at an online auction because they have excess inventory.

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Julia Tang publishes "Smart Online Business Tips", a fresh
and informative newsletter dedicated to supporting people
like you. To find out the best online business opportunities,
to discover hundreds more proven and practical internet
marketing secrets, plus FREE internet marketing products
worth over $200, visit: http://www.best-internet-businesses.com
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Home under the hammer in Yorkshire - Yorkshire Post

Yorkshire Post

Home under the hammer in Yorkshire
Yorkshire Post
Auction is best for some properties as bidding heats up for bargains and homes out of the ordinary. Sharon Dale reports. Box Tree cottage in picturesque Lockton, near Pickering, is a prime example of how auction can be the best method of sale for some ...


Kaminski Auctions Exceptional Estate Auction June 2 & 3, 2018 - PR Web (press release)

PR Web (press release)

Kaminski Auctions Exceptional Estate Auction June 2 & 3, 2018
PR Web (press release)
Kaminski Auctions will hold a Two-Day Auction June 2nd and June 3rd starting at 10:00 AM EST. Day One of the auction will feature an important stamp collection, plus coins, medals, and sports memorabilia, Day Two features fine art and exceptional ...


Kaminski Auctions Exceptional Estate Auction June 2 & 3, 2018 - PR Web (press release)

PR Web (press release)

Kaminski Auctions Exceptional Estate Auction June 2 & 3, 2018
PR Web (press release)
Kaminski Auctions will hold a Two-Day Auction June 2nd and June 3rd starting at 10:00 AM EST. Day One of the auction will feature an important stamp collection, plus coins, medals, and sports memorabilia, Day Two features fine art and exceptional ...


Govt moves to curb property devaluation during public auctions - The New Times

The New Times

Govt moves to curb property devaluation during public auctions
The New Times
The Minister for Justice, Johnston Busingye, has sent a warning to unlicensed brokers who get involved in shady public auctions. Speaking yesterday at a consultative meeting to discuss efficient and effective enforcement of court judgments, and other ...


Ontario County fetches $552K at auction - MPNnow.com

MPNnow.com

Ontario County fetches $552K at auction
MPNnow.com
HOPEWELL — Ontario County recouped back taxes and fetched a selling price on 16 lots Wednesday at the county's annual auction of tax-foreclosed real estate. In all, the county will collect $552,360.50 on the lots that have a total assessed value of ...


Graham to return for Komets, Fort Wayne auctions off jerseys - WANE

WANE

Graham to return for Komets, Fort Wayne auctions off jerseys
WANE
Friday afternoon they concluded the season with the annual jersey auction to raise money for charity. Head coach Gary Graham said he would be back for another year. A majority of this team will be different heading into next year due to the ECHL ...

and more »

BidX1 marches onwards with the launch of Europe's largest online auction to date - Mayo Advertiser

Mayo Advertiser

BidX1 marches onwards with the launch of Europe's largest online auction to date
Mayo Advertiser
Jonathan Fenn, director at BidX1 and head of residential auctions, commented: “We're kicking-off our three-day auction with the residential catalogue, headlined by two Victorian properties overlooking one of south Dublin's most coveted locations ...


BRAZIL: Treasury Announces Extraordinary Debt Auctions For Next Week - Markets Insider

BRAZIL: Treasury Announces Extraordinary Debt Auctions For Next Week
Markets Insider
(RTTNews) - The Brazilian Treasury Department announced three extraordinary debt auctions for next week, in response to "current market conditions" and to "support the local public debt markets" functioning. The Treasury Department said that it would ...


Sotheby's Inc.: Record Royère Leads Sotheby's $25.1 Million Design Sales in NYC - The Wall Street Transcript

Sotheby's Inc.: Record Royère Leads Sotheby's $25.1 Million Design Sales in NYC
The Wall Street Transcript
NEW YORK, 25 May 2018 - Sotheby's spring auctions of 20th Century Design concluded yesterday in New York with an impressive total of $25.1 million - surpassing the series' high estimate of $21.6 million. Nearly 400 lots were offered over the course of ...


HIGHLIGHTS OF SOTHEBY'S LONDON FINE JEWELS AUCTION, JUNE 6TH 2018 - Internet Stones. COM Media

HIGHLIGHTS OF SOTHEBY'S LONDON FINE JEWELS AUCTION, JUNE 6TH 2018
Internet Stones. COM Media
A total of 379 lots will be on offer at the auctions taking place in two sessions, the first session offering lots 01 to 191 starting at 10.00 AM and the second session offering lots 192 to 379, starting at 2.00 PM. The auction will be preceded by the ...


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