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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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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
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TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Fri. September / 21 / 2018

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Hindalco keeps watch on input prices, secures 3.2 mt coal in linkage auctions - CNBCTV18

CNBCTV18

Hindalco keeps watch on input prices, secures 3.2 mt coal in linkage auctions
CNBCTV18
auctions, which makes up 71 percent of its annual coal requirements, a top company official said. "We will continue to keep a close watch on input prices. These have a bearing on the cost of production, including that of coal. We will make efforts to ...

and more »

Hindalco Keeps Watch on Input Prices, Secures 3.2 Mt Coal in Linkage Auctions - LatestLY

Hindalco Keeps Watch on Input Prices, Secures 3.2 Mt Coal in Linkage Auctions
LatestLY
Mumbai, Sep 21 (PTI) Aditya Birla group flagship company Hindalco is keeping close watch on input prices and has secured around 3.2 million tonnes of coal in the linkage auctions, which makes up 71 per cent of its annual coal requirements, a top ...

and more »

Hindalco keeps watch on input prices, secures 3.2 mt coal in linkage auctions - India.com News

Hindalco keeps watch on input prices, secures 3.2 mt coal in linkage auctions
India.com News
Mumbai, Sep 21 (PTI) Aditya Birla group flagship company Hindalco is keeping close watch on input prices and has secured around 3.2 million tonnes of coal in the linkage auctions, which makes up 71 per cent of its annual coal requirements, a top ...

and more »

$1B sale, 0 bids: Highs and lows of BLM Sept. lease auctions - E&E News

E&E News

$1B sale, 0 bids: Highs and lows of BLM Sept. lease auctions
E&E News
A lease sale in Nevada this month spurred a rare kumbayah moment between an oil and gas industry association and a public lands advocacy group. The Bureau of Land Management's Sept. 11 auction of 295,174 acres in the Silver State drew zero bids, ...


The spring weather is starting to warm up the bidding in the auction rooms - Interest.co.nz

Interest.co.nz

The spring weather is starting to warm up the bidding in the auction rooms
Interest.co.nz
Things are warming up in Bayleys' auction rooms, with the sales rate at the agency's latest residential auctions edging above 50%. Bayleys auctioned 33 residential properties across Auckland, Hamilton, Tauranga and Rotorua over the last week and ...


Art World's Newest Star Sees Her Paintings Sell for $3 Million. Can She Hold On? - Wall Street Journal

Wall Street Journal

Art World's Newest Star Sees Her Paintings Sell for $3 Million. Can She Hold On?
Wall Street Journal
And then there are artists who have all but disappeared from rotation in major auction catalogs after enjoying a few seasons of ubiquity. “A lot of people in the art business get young artists and just wreck them—they ruin them,” said Randall Exon, a ...


Farmers Arms Hotel in Beeac helping lonely hearts find love with bachelor and bachelorette auctions - Geelong Advertiser

Geelong Advertiser

Farmers Arms Hotel in Beeac helping lonely hearts find love with bachelor and bachelorette auctions
Geelong Advertiser
One of the region's eligible bachelors up for auction from 6pm on Saturday, October 13, is merino sheep farmer Bill Alston. When not tending to his 6500-acre Beeac farm, Bill enjoys a hit of tennis and having a laugh – but has not had a girlfriend in ...

and more »

Farmers Arms Hotel in Beeac helping lonely hearts find love with bachelor and bachelorette auctions - The Cairns Post

Farmers Arms Hotel in Beeac helping lonely hearts find love with bachelor and bachelorette auctions
The Cairns Post
One of the region's eligible bachelors up for auction from 6pm on Saturday, October 13, is merino sheep farmer Bill Alston. When not tending to his 6500-acre Beeac farm, Bill enjoys a hit of tennis and having a laugh – but has not had a girlfriend in ...


Game Theory Part of the Art of the Sky Deal - Wall Street Journal

Wall Street Journal

Game Theory Part of the Art of the Sky Deal
Wall Street Journal
Blind-auction strategy is complex, as each side tries to figure out how much it needs to pay to win while trying to avoid overspending. It has fostered a cottage industry of auction consultants, many of whom hold doctorates in game theory, a branch of ...
Premarket Stock Trading - CNNMoneyCNN Money
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Car auctions could be the secret to hitting September targets - Business Up North

Business Up North

Car auctions could be the secret to hitting September targets
Business Up North
But, I believe auctions are an ideal place to source fresh stock for forecourts, and really drive sales forward. The demand for used cars is clearly up and sellers need to act quickly to capitalise on this. Some franchised dealers have even resorted to ...

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