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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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TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Sat. August / 19 / 2017

Geelong home auction market surges over July - Domain News

Geelong home auction market surges over July
Domain News
The strong Geelong housing market continues to produce robust results for sellers with auction clearance rates now tracking at their highest level for years. Geelong reported an auction clearance rate of 71.3 per cent over July which was significantly ...


Worldwide helps shift Monterey auction sales into higher gear - Classic Car News

Classic Car News

Worldwide helps shift Monterey auction sales into higher gear
Classic Car News
Things certainly picked up Thursday at the collector car auctions that are a big part of Monterey Car Week, and the sales should shift into high gear Friday with Bonhams staging its auction and RM Sotheby's and Gooding & Company starting their two-day ...

and more »

Andy's picks at RM Sotheby's 2017 Monterey auction - Classic Car News

Classic Car News

Andy's picks at RM Sotheby's 2017 Monterey auction
Classic Car News
This is a factory team car, one of five built, and was driven by none other than Roy Salvadori, Stirling Moss, Jack Brabham and Carroll Shelby. It is also to me the most beautiful sports racing car of all time. I am doubtful if I will ever see one ...

and more »

Southeast Pa. Hay Auction Summary - 8/11/17 - Lancaster Farming

Southeast Pa. Hay Auction Summary - 8/11/17
Lancaster Farming
Prior week sales for week ending Friday, August 11, 2017. Report comprised of Wolgemuth-New Holland, Kirkwood, and Wolgemuth-Leola hay auctions. ALFALFA: 4 loads, 18.45 tons. ALFALFA/GRASS: 29 loads, 116.34 tons. GRASS: 39 loads, 170.14 tons.

and more »

China auctions exploration rights for shale gas - ecns

China auctions exploration rights for shale gas
ecns
China auctioned the exploration rights for a shale gas mine Friday, the first such auction in the country. Guizhou Industrial Investment Corporation from southwest China's Guizhou Province paid 1.29 billion yuan (190 million U.S. dollars) for the ...

and more »

KAR Auction Services Inc - Receive News & Ratings Daily - BBNS

KAR Auction Services Inc - Receive News & Ratings Daily
BBNS
KAR Auction Services logo BB&T Corp raised its position in KAR Auction Services, Inc (NYSE:KAR) by 133.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned ...

and more »

Rolex Monterey Motorsports Reunion: Champion Mika Hakkinen, others talk Laguna Seca's iconic Corkscrew - Monterey County Herald

Rolex Monterey Motorsports Reunion: Champion Mika Hakkinen, others talk Laguna Seca's iconic Corkscrew
Monterey County Herald
Previews open on Wednesday. Admission is $30 per person. RM Auctions' Sports & Classics of Monterey: Fine classic cars and unique sports cars, including a dedicated Ford-themed auction, will be auctioned at the Portola Hotel & Spa, Friday and Saturday.


The 10 Most Expensive Cars Sold at the 2017 Monterey Auctions, Day 1 - Car and Driver

Car and Driver

The 10 Most Expensive Cars Sold at the 2017 Monterey Auctions, Day 1
Car and Driver
Monterey Car Week annually brings thousands of moneyed automotive enthusiasts to central California for a multiple-day celebration of great cars. What better setting, then, for an auction house to offer some fine cars to the gathered throngs? After ...

and more »

Trenton man named auctioneering champion at Illinois State Fair - Belleville News-Democrat

Trenton man named auctioneering champion at Illinois State Fair
Belleville News-Democrat
Ever since he was a little boy, attending farm auctions with his dad, Anthony Emig has been fascinated with auctioneers. The Trenton man started imitating them, trying to follow their techniques, and he's been learning ever since. Emig was named the ...


AUCTION, LIVESTOCK, REAL ESTATE SALE UPDATES - Fence Post

AUCTION, LIVESTOCK, REAL ESTATE SALE UPDATES
Fence Post
Public Auction, 11 a.m., 102 S. Clayton St., Brush, Colo., Associate Auctioneers of Colorado, (970) 380-7653, http://www.auctionzip.com ID#7082. □ Several Estate Auctions, Greeley Colo., Kreps-Wiedeman Auctions, (970) 356-3943, http://www.k-wauctions.


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