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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
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TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Mon. January / 27 / 2020

More than 100 vehicles available at state surplus auction - ABC6OnYourSide.com
More than 100 vehicles available at state surplus auction  ABC6OnYourSide.com

BTS’ Tour Microphones Sell for $83,000 at MusiCares Auction - Rolling Stone
BTS’ Tour Microphones Sell for $83,000 at MusiCares Auction  Rolling Stone

BTS's Mics Sold For Astonishing Price At Grammy Week Charity Auction - soompi
BTS's Mics Sold For Astonishing Price At Grammy Week Charity Auction  soompi

JFC Silent Auctions to be Available Virtually - IDEX Online
JFC Silent Auctions to be Available Virtually  IDEX Online

Wyatt Earp’s ‘Vendetta Ride’ Shotgun to Sell at Heritage Auctions in Dallas - NBC 5 Dallas-Fort Worth
Wyatt Earp’s ‘Vendetta Ride’ Shotgun to Sell at Heritage Auctions in Dallas  NBC 5 Dallas-Fort Worth

Kansas land up for auction was site of 1870s serial slayings - WIBW
Kansas land up for auction was site of 1870s serial slayings  WIBW

Zion's Debut Jersey Hits NBA Auctions Block - Sports Collectors Daily
Zion's Debut Jersey Hits NBA Auctions Block  Sports Collectors Daily

Leake Auctions sells $17M of vehicles in Scottsdale - AZ Big Media
Leake Auctions sells $17M of vehicles in Scottsdale  AZ Big Media

Social media updates from 2020 Naples Winter Wine Festival auction - Naples Daily News
Social media updates from 2020 Naples Winter Wine Festival auction  Naples Daily News

Mecum Auctions offers 1,750 motorcycles at South Point - Las Vegas Review-Journal
Mecum Auctions offers 1,750 motorcycles at South Point  Las Vegas Review-Journal

Frank Sinatra's golden toilets auctioned off in Atlantic City - New York Post
Frank Sinatra's golden toilets auctioned off in Atlantic City  New York Post

Thai officials accidentally auction off car loaded with amphetamine - BBC News
Thai officials accidentally auction off car loaded with amphetamine  BBC News

Centennial couple says the owner of a shuttered auction gallery still owes them money - The Denver Channel
Centennial couple says the owner of a shuttered auction gallery still owes them money  The Denver Channel

Jerry Brown concerned by Sotheby's auction of his dad's rare JFK papers - POLITICO
Jerry Brown concerned by Sotheby's auction of his dad's rare JFK papers  POLITICO

2020 Scottsdale Auctions by the Numbers: Biggest Sellers, Trends + More - Automobile
2020 Scottsdale Auctions by the Numbers: Biggest Sellers, Trends + More  Automobile

Auction At Closed Tampa Bike Shop May Signal Decline In Bicycling - Tampa, FL Patch
Auction At Closed Tampa Bike Shop May Signal Decline In Bicycling  Tampa, FL Patch

Online Wine Auctions: A Beginner’s Guide - Wall Street Journal
Online Wine Auctions: A Beginner’s Guide  Wall Street Journal

Three Incredible Supercars from the 2020 RM Sotheby’s Scottsdale Auctions - Forbes
Three Incredible Supercars from the 2020 RM Sotheby’s Scottsdale Auctions  Forbes

Foreclosure Auction Scheduled For Long-Time Framingham Restaurant - framinghamsource.com
Foreclosure Auction Scheduled For Long-Time Framingham Restaurant  framinghamsource.com

More than 100 vehicles up for bid at Ohio surplus auction - 13abc Action News
More than 100 vehicles up for bid at Ohio surplus auction  13abc Action News

Waseca residents partner up to host auctions for Officer Arik Matson; date set for March 14 - KEYC
Waseca residents partner up to host auctions for Officer Arik Matson; date set for March 14  KEYC

Wheeling Health Right to Host 27th Chef's Auction - Wheeling Intelligencer
Wheeling Health Right to Host 27th Chef's Auction  Wheeling Intelligencer

Unlikely painters in Jonesborugh show off "snout art" in a weekly auction - WCYB
Unlikely painters in Jonesborugh show off "snout art" in a weekly auction  WCYB

Livestock auctions | News - Cadillac News
Livestock auctions | News  Cadillac News

16th-Century Suit of Armor with Royal 'DNA' Commands $270,600 at Auction - PRNewswire
16th-Century Suit of Armor with Royal 'DNA' Commands $270,600 at Auction  PRNewswire

Public auctions often fetch more for in-demand properties - St. Augustine Record
Public auctions often fetch more for in-demand properties  St. Augustine Record

Muskie Booster Club Plays to Win with 30th Cake Auction - Discover Muscatine
Muskie Booster Club Plays to Win with 30th Cake Auction  Discover Muscatine

Amish Acres auction gaining local and national interest - WSBT-TV
Amish Acres auction gaining local and national interest  WSBT-TV

Late actor Paul Walker's vehicles garner $2.33 million at Arizona auction - Reuters
Late actor Paul Walker's vehicles garner $2.33 million at Arizona auction  Reuters

Basketball HOF to Auction Enshrinement Plaques of Michael Jordan, Shaq, More - Bleacher Report
Basketball HOF to Auction Enshrinement Plaques of Michael Jordan, Shaq, More  Bleacher Report

Denver auction oddities included $2.3M suit of armor, painting by Lancaster artist - LancasterOnline
Denver auction oddities included $2.3M suit of armor, painting by Lancaster artist  LancasterOnline

Notes of Sarawak, India star in Spink New York auction - Coin World
Notes of Sarawak, India star in Spink New York auction  Coin World

Design royalty is all atwitter about the Prince of Chintz auction - The Washington Post
Design royalty is all atwitter about the Prince of Chintz auction  The Washington Post

JFK letters to former Calif. governor head to auction - fox5sandiego.com
JFK letters to former Calif. governor head to auction  fox5sandiego.com

Bipartisan Bill Would Ban Reverse Auctions for Federal Construction Contracts - GovExec.com
Bipartisan Bill Would Ban Reverse Auctions for Federal Construction Contracts  GovExec.com

Princess Diana's Audi 80 Cabriolet Heading to Auction - autoevolution
Princess Diana's Audi 80 Cabriolet Heading to Auction  autoevolution

Preview: The 2020 Las Vegas Motorcycle Auctions - New Atlas
Preview: The 2020 Las Vegas Motorcycle Auctions  New Atlas

Christie’s Has Cancelled Plans for a Middle Eastern Art Auction in Dubai, Citing a Lack of Top-Quality Works - artnet News
Christie’s Has Cancelled Plans for a Middle Eastern Art Auction in Dubai, Citing a Lack of Top-Quality Works  artnet News

Rare '48 Tucker is just one of the million-dollar-plus cars up for auction this weekend - Yahoo Finance
Rare '48 Tucker is just one of the million-dollar-plus cars up for auction this weekend  Yahoo Finance

‘Mona Lisa of Mustangs,’ Raced in ‘Bullitt,’ Sets Auction Record - The New York Times
‘Mona Lisa of Mustangs,’ Raced in ‘Bullitt,’ Sets Auction Record  The New York Times

Wisconsin fur: Finnish auction house takes over Stoughton mink trading hub - Madison.com
Wisconsin fur: Finnish auction house takes over Stoughton mink trading hub  Madison.com

Latunski's home foreclosed, up for auction - WILX-TV
Latunski's home foreclosed, up for auction  WILX-TV

NBA's Sacramento Kings partner with ConsenSys to launch sports gear auctions on Ethereum - The Block Crypto
NBA's Sacramento Kings partner with ConsenSys to launch sports gear auctions on Ethereum  The Block Crypto

Former California Gov. Jerry Brown surprised by auction of father's JFK letters | TheHill - The Hill
Former California Gov. Jerry Brown surprised by auction of father's JFK letters | TheHill  The Hill

Chicago developer Hilco’s $240 million bid wins auction for bankrupt Philadelphia refinery - The Philadelphia Inquirer
Chicago developer Hilco’s $240 million bid wins auction for bankrupt Philadelphia refinery  The Philadelphia Inquirer

Sotheby's Auctions Impressionist Paintings Recovered From Nazi Looting; Watercolors by JFK Also Go to Auction - Hyperallergic
Sotheby's Auctions Impressionist Paintings Recovered From Nazi Looting; Watercolors by JFK Also Go to Auction  Hyperallergic

Watch the 2020 National Western Stock Show Junior Livestock Auction - 9News.com KUSA
Watch the 2020 National Western Stock Show Junior Livestock Auction  9News.com KUSA

One year after kidney transplant, 9-year-old auctions prize-winning swine at Manatee County Fair - FOX 13 Tampa Bay
One year after kidney transplant, 9-year-old auctions prize-winning swine at Manatee County Fair  FOX 13 Tampa Bay

Vintage Ford Bronco sells for $650,000 at auction for Alzheimer’s Association - KTVI Fox 2 St. Louis
Vintage Ford Bronco sells for $650,000 at auction for Alzheimer’s Association  KTVI Fox 2 St. Louis

Donald Trump’s DNA Is Up for Sale in New York Auction, Anonymous Group Says - CCN.com
Donald Trump’s DNA Is Up for Sale in New York Auction, Anonymous Group Says  CCN.com

McGavock auctions off Patrick Mahomes firefighter helmet for Lubbock families of first responders - KLBK | KAMC | EverythingLubbock.com
McGavock auctions off Patrick Mahomes firefighter helmet for Lubbock families of first responders  KLBK | KAMC | EverythingLubbock.com

Wellness Place Opens Sponsorships, Donation Opportunities and Ticket Sales to Gala Auction - NewsRadio 560 KPQ - KPQ
Wellness Place Opens Sponsorships, Donation Opportunities and Ticket Sales to Gala Auction - NewsRadio 560 KPQ  KPQ

Texoman equestrians host auction benefit for owners of horses battling liver disorders - KFDX - Texomashomepage.com
Texoman equestrians host auction benefit for owners of horses battling liver disorders  KFDX - Texomashomepage.com

mmWave auction poised to resume, on path to $6B - FierceWireless
mmWave auction poised to resume, on path to $6B  FierceWireless

Hidalgo County to hold surplus auction in Mission - KGBT-TV
Hidalgo County to hold surplus auction in Mission  KGBT-TV

1956 Mantle Jersey Brings $649,250 in Mile High Auction - Sports Collectors Daily
1956 Mantle Jersey Brings $649,250 in Mile High Auction  Sports Collectors Daily

Paddle Auction in Dexter, blood drive in Lawrenceville and more on the Community Bulletin Board - WWTI - InformNNY.com
Paddle Auction in Dexter, blood drive in Lawrenceville and more on the Community Bulletin Board  WWTI - InformNNY.com

Frank Sinatra auction: Gold-seated toilet, piano, clock among items from Chairman Suite at the former Golden Nugget Casino - CBS News
Frank Sinatra auction: Gold-seated toilet, piano, clock among items from Chairman Suite at the former Golden Nugget Casino  CBS News

Site where Bloody Benders killed victims is up for auction - The Topeka Capital-Journal
Site where Bloody Benders killed victims is up for auction  The Topeka Capital-Journal

From an Iconic Italian Racing Bike to a Revolutionary Harley: 4 Standout Motorcycles Star at the Mecum Auctions - Robb Report
From an Iconic Italian Racing Bike to a Revolutionary Harley: 4 Standout Motorcycles Star at the Mecum Auctions  Robb Report

Auction of Auburn Hills Golf Club called off - Roanoke Times
Auction of Auburn Hills Golf Club called off  Roanoke Times

Dogpatch's time's up; auction set to sell park - Northwest Arkansas Democrat-Gazette
Dogpatch's time's up; auction set to sell park  Northwest Arkansas Democrat-Gazette

Phoebe Waller-Bridge Auctions Golden Globes Tuxedo on Ebay to Aid Australia Fires - Hollywood Reporter
Phoebe Waller-Bridge Auctions Golden Globes Tuxedo on Ebay to Aid Australia Fires  Hollywood Reporter

'Gilbert Sale Yard' changes name to 'Wrightz Auction Co.' - KCHA News
'Gilbert Sale Yard' changes name to 'Wrightz Auction Co.'  KCHA News

Yahoo Auctions introduces repair insurance - AIM Group
Yahoo Auctions introduces repair insurance  AIM Group

Bugatti, Aston Martin, and other historic cars to sell at auction that could generate $60 million - Yahoo Finance
Bugatti, Aston Martin, and other historic cars to sell at auction that could generate $60 million  Yahoo Finance

Comedian Performs at Women’s Auction Event - COLlive - Chabad News
Comedian Performs at Women’s Auction Event  COLlive - Chabad News

7 Interior Designers Shop the Mario Buatta Auction - Architectural Digest
7 Interior Designers Shop the Mario Buatta Auction  Architectural Digest

Police accidentally auction off car with big stash of drugs hidden in its bumper - Boing Boing
Police accidentally auction off car with big stash of drugs hidden in its bumper  Boing Boing

McAlester cattle auction results | Markets - High Plains Journal
McAlester cattle auction results | Markets  High Plains Journal

Mustang From Famed ‘Bullitt’ Car Chase Heads to Auction - The New York Times
Mustang From Famed ‘Bullitt’ Car Chase Heads to Auction  The New York Times

EVE Online Player Bids $40,000 In Charity Auction For Rare Ship - Kotaku
EVE Online Player Bids $40,000 In Charity Auction For Rare Ship  Kotaku

Ultra-Rare New Stratos Could Fetch $1 Million At Auction - Motor1
Ultra-Rare New Stratos Could Fetch $1 Million At Auction  Motor1

The first example of the new 2020 Chevrolet Corvette Stingray just sold at auction for $3 million - Business Insider
The first example of the new 2020 Chevrolet Corvette Stingray just sold at auction for $3 million  Business Insider

Heritage Charity Auction Settles with EEOC in Employment Discrimination Suit - The National Law Review
Heritage Charity Auction Settles with EEOC in Employment Discrimination Suit  The National Law Review

Variety of vintage race cars sell well in Arizona auctions - RACER
Variety of vintage race cars sell well in Arizona auctions  RACER

Lionel Train Auction Draws Bidders from Across US - businessjournaldaily.com
Lionel Train Auction Draws Bidders from Across US  businessjournaldaily.com

Here’s Jalen Hurts’ Alabama-Oklahoma helmet auction results, viral video with kids at Senior Bowl - AL.com
Here’s Jalen Hurts’ Alabama-Oklahoma helmet auction results, viral video with kids at Senior Bowl  AL.com

TREASURIES-Yields steady after solid U.S. data; ahead of auctions - Reuters
TREASURIES-Yields steady after solid U.S. data; ahead of auctions  Reuters

Ex-Gov. Brown objects to auction of JFK items - NWAOnline
Ex-Gov. Brown objects to auction of JFK items  NWAOnline

Paintings Made by JFK Among a Memorabilia Auction Asking $1.5 Million - Observer
Paintings Made by JFK Among a Memorabilia Auction Asking $1.5 Million  Observer

PHOTO OF THE DAY: ON THE AUCTION BLOCK - Freemansd
PHOTO OF THE DAY: ON THE AUCTION BLOCK  Freemansd

Modi to put loss-making Air India back on the auction block - Nikkei Asian Review
Modi to put loss-making Air India back on the auction block  Nikkei Asian Review

Annual EMS chili supper, silent auction to be Feb. 22 - HNGnews.com
Annual EMS chili supper, silent auction to be Feb. 22  HNGnews.com

Manny Medina will auction his Coral Gables estate - Miami Herald
Manny Medina will auction his Coral Gables estate  Miami Herald

Kings Island hosts a First Riders Auction - Loveland Magazine
Kings Island hosts a First Riders Auction  Loveland Magazine

Paintings, jewelry owned by Marylou Whitney head to auction - Times Union
Paintings, jewelry owned by Marylou Whitney head to auction  Times Union

PLCB restaurant auction open to bidders - Central Penn Business Journal
PLCB restaurant auction open to bidders  Central Penn Business Journal

OKC West feeder cattle auction results | Markets - High Plains Journal
OKC West feeder cattle auction results | Markets  High Plains Journal

All eyes on Scottsdale; Ahead of Arizona auctions, classic car market dips - Phoenix Business Journal
All eyes on Scottsdale; Ahead of Arizona auctions, classic car market dips  Phoenix Business Journal

Barrett-Jackson Celebrates Highest-Grossing Auction in 49-Year History With Over $141 Million in No Reserve Sales - Yahoo Finance
Barrett-Jackson Celebrates Highest-Grossing Auction in 49-Year History With Over $141 Million in No Reserve Sales  Yahoo Finance

Barrett-Jackson: Corvette charity car goes for $3 million at auction - AZCentral
Barrett-Jackson: Corvette charity car goes for $3 million at auction  AZCentral

1970 Porsche 914/6 GT Sold for $1M at Auction Becomes Most Expensive 914 Ever - The Drive
1970 Porsche 914/6 GT Sold for $1M at Auction Becomes Most Expensive 914 Ever  The Drive

Madrala Players Mixer & Silent Auction | Art, Music and Theater - Coos Bay World
Madrala Players Mixer & Silent Auction | Art, Music and Theater  Coos Bay World

Popular auction set for New Year's Day - News - Wilkes-Barre Citizens Voice
Popular auction set for New Year's Day - News  Wilkes-Barre Citizens Voice

F1 community to stage auction to help Australian bushfire victims - Formula 1
F1 community to stage auction to help Australian bushfire victims  Formula 1

Steve McQueen’s Bullitt Could Be the Most Expensive Mustang Ever Sold at Auction - TheStreet
Steve McQueen’s Bullitt Could Be the Most Expensive Mustang Ever Sold at Auction  TheStreet

Lyle Area Cancer celebrates 41st auction and milestone - KTTC
Lyle Area Cancer celebrates 41st auction and milestone  KTTC

Announcements: Watch & Act! Online Auction Launches In Aid Of The Australian Bushfire Crisis - HODINKEE
Announcements: Watch & Act! Online Auction Launches In Aid Of The Australian Bushfire Crisis  HODINKEE

Plenty to bid on at Command Performances Trivia Night and Auction - NNY360
Plenty to bid on at Command Performances Trivia Night and Auction  NNY360

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