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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.

---------------------------------------------------------
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 Thu. October / 19 / 2017

UPDATE 1-Mexico expects to hold a third oil and gas auction in 2018 - Reuters

UPDATE 1-Mexico expects to hold a third oil and gas auction in 2018
Reuters
HOUSTON, Oct 19 (Reuters) - Mexico's oil regulator will likely add another auction in 2018 featuring conventional onshore oil and gas blocks, the head of the National Hydrocarbons Commission (CNH) said on Thursday, potentially teeing up a third tender ...

and more »

UPDATE 1-Mexico expects to hold a third oil and gas auction in 2018 (BHP, BLT) - Markets Insider

UPDATE 1-Mexico expects to hold a third oil and gas auction in 2018 (BHP, BLT)
Markets Insider
HOUSTON, Oct 19 (Reuters) - Mexico's oil regulator will likely add another auction in 2018 featuring conventional onshore oil and gas blocks, the head of the National Hydrocarbons Commission (CNH) said on Thursday, potentially teeing up a third tender ...

and more »

UPDATE 1-Mexico expects to hold a third oil and gas auction in 2018 - Reuters Africa

UPDATE 1-Mexico expects to hold a third oil and gas auction in 2018
Reuters Africa
HOUSTON, Oct 19 (Reuters) - Mexico's oil regulator will likely add another auction in 2018 featuring conventional onshore oil and gas blocks, the head of the National Hydrocarbons Commission (CNH) said on Thursday, potentially teeing up a third tender ...


UPDATE 1-Mexico expects to hold a third oil and gas auction in 2018 - Reuters Africa

UPDATE 1-Mexico expects to hold a third oil and gas auction in 2018
Reuters Africa
HOUSTON, Oct 19 (Reuters) - Mexico's oil regulator will likely add another auction in 2018 featuring conventional onshore oil and gas blocks, the head of the National Hydrocarbons Commission (CNH) said on Thursday, potentially teeing up a third tender ...

and more »

UPDATE 1-Mexico expects to hold a third oil and gas auction in 2018 - Reuters

UPDATE 1-Mexico expects to hold a third oil and gas auction in 2018
Reuters
HOUSTON, Oct 19 (Reuters) - Mexico's oil regulator will likely add another auction in 2018 featuring conventional onshore oil and gas blocks, the head of the National Hydrocarbons Commission (CNH) said on Thursday, potentially teeing up a third tender ...

and more »

Mexico expects to hold a third oil and gas auction in 2018 - Times of India

Mexico expects to hold a third oil and gas auction in 2018
Times of India
(Adds quotes, context on reservoir unitization). By Marianna Parraga. HOUSTON, Oct 19 (Reuters) - Mexico's oil regulator will likely add another auction in 2018 featuring conventional onshore oil and gas blocks, the head of the National Hydrocarbons ...

and more »

Pristine 1988 Ford Sierra Cosworth RS500 heads to auction - expressandstar.com

expressandstar.com

Pristine 1988 Ford Sierra Cosworth RS500 heads to auction
expressandstar.com
An immaculate 1988 Ford Sierra Cosworth RS500 with a mere 6,000 miles on the clock will go under the hammer next month. The classic fast Ford will be auctioned as part of Silverstone Auctions' NEC Classic Motor Show Sale, and is tipped to sell for ...

and more »

Mexico expects to hold a third oil and gas auction in 2018 - Reuters

Mexico expects to hold a third oil and gas auction in 2018
Reuters
HOUSTON, Oct 19 (Reuters) - Mexico's oil regulator will likely add another oil auction in 2018 featuring conventional onshore oil and gas blocks, a senior official said on Thursday, potentially teeing up a third tender in an election year. The bid ...

and more »

Mexico expects to hold a third oil and gas auction in 2018 - Reuters Africa

Mexico expects to hold a third oil and gas auction in 2018
Reuters Africa
HOUSTON, Oct 19 (Reuters) - Mexico's oil regulator will likely add another oil auction in 2018 featuring conventional onshore oil and gas blocks, a senior official said on Thursday, potentially teeing up a third tender in an election year. The bid ...

and more »

Mexico expects to hold a third oil and gas auction in 2018 - Reuters Africa

Mexico expects to hold a third oil and gas auction in 2018
Reuters Africa
HOUSTON, Oct 19 (Reuters) - Mexico's oil regulator will likely add another oil auction in 2018 featuring conventional onshore oil and gas blocks, a senior official said on Thursday, potentially teeing up a third tender in an election year. The bid ...

and more »

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