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Online Auctions: The New Way of Shopping for Mauritians


Since their introduction several years ago, online auctions, such as eBay, have been one of the hottest destinations on the World Wide Web. Auction sellers are attracted by the prospect of a broad venue for their products and the possibility of high profits. Bidders on online auction sites are drawn to the unique shopping opportunities and potential to purchase hard-to-find items at low prices.

One such website in Mauritius is www.mauritiantrader.com . As an online marketplace, MauritianTrader offers a window of opportunities to businesses and individuals by allowing them to buy and sell almost anything online. It even gives buyers the opportunity to request a specific item from sellers (reverse auction). Items sold can be new or used ones and they cover all categories from electronics, fashion items, books, cars, antiques, furniture etc.

What makes online auctions so attractive to businesses is the number of people bidding against each other. It provides an instant audience that secures the seller the best price. As for the buyer, the speed, simplicity and variety of goods on offer can vastly speed up procurement.

Benefits of buying on auction websites

Bidding for products has advantages over traditional purchasing for both buyer and supplier. Businesses save time spent on procurement by finding, comparing, ordering and paying for products in one sitting. Repeat orders can also usually be made quickly and cheaply. Experienced bidders save time by using software to keep track of several auctions at once, setting up automated searches and bid alerts.

Many businesses use online auctions for buying items that are non-critical to their business such as office furniture, or to track down specialist equipment, that can be picked up second-hand at a keener price.

As for individuals, the convenience of sitting at home and shop for something is thrilling. Just a few clicks and you can find what you are looking for at great prices in a matter of seconds.

Benefits of selling on auction websites

Businesses selling products or services at an online auction are likely to see reduced marketing costs, as they are tapping into a ready-made community of buyers at a well-established auction. Moreover, they get access to a much wider market - small suppliers gain a worldwide audience.

Many companies find selling at auctions gives them useful feedback on their products and services - they treat it as an opportunity to test products and gauge value. Another key benefit is being able to offload excess stock quickly and cheaply. It can also help cut out the middle man.

Some individuals go for auction websites simply because they want to make some extra money. So, they buy products on sale and sell them at a slightly higher price but lower than the regular market price. Other people may just want to clear up clutter around the house by selling second hand items or even may want to start their own business by advertise their products online.

Mauritians have been lagging behind on online trading mainly because there was no local auction website in the past. Moreover Mauritians still hold on to their traditional ways of doing business. They feel the need to see-touch-feel a product before buying. However, with a local website like MauritianTrader, where users are mostly Mauritians, they can arrange to meet and view the item before making any payment.

Mauritians may feel skeptical at first to adopt this new way of doing business. Just like millions of people around the world buying and selling online, Mauritians will quickly realise the benefits they would derive from online trading. The uncertainty of a buyer's or seller's reliability may be another cause for not choosing online auctions. However, like eBay, MauritianTrader has a feedback feature. The buyer/seller gets a feedback at the end of each transaction. The more transactions, the more feedback and therefore the more a buyer/seller's "reputation" can be evaluated accurately.

It is high time Mauritians make use of this service, especially small businesses that do not necessarily have the powerful tools for effective marketing. Not only will they be selling to Mauritians but also obtain global exposure. Mauritius should make the next step and catch up with the latest methods of doing business effectively.

http://www.mauritiantrader.com

Z.Khan Economic Analyst


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Fri. May / 29 / 2020

HiBid.com Offers One-Stop Portal For Boat & Yacht Auctions - Yahoo Finance
HiBid.com Offers One-Stop Portal For Boat & Yacht Auctions  Yahoo Finance

STORAGE AUCTIONS - Columbia Star
STORAGE AUCTIONS  Columbia Star

Earlywine Auctions offers first virtual estate auction for family - Kokomo Perspective
Earlywine Auctions offers first virtual estate auction for family  Kokomo Perspective

Sotheby’s to Bring $22 M. in Latin American Art to Marquee Auctions, With Work by Kahlo, Botero - ARTnews
Sotheby’s to Bring $22 M. in Latin American Art to Marquee Auctions, With Work by Kahlo, Botero  ARTnews

Auction Service Offers 90% Savings On Brand New Inventory - Yahoo Finance
Auction Service Offers 90% Savings On Brand New Inventory  Yahoo Finance

'Exceedingly rare' cognac from 1762 fetches $146,000 at auction - CNN International
'Exceedingly rare' cognac from 1762 fetches $146,000 at auction  CNN International

WB Liquors Auctions Rare Pappy Van Winkle Bourbon to Benefit San Antonio and Bryan Food Banks - San Antonio Current
WB Liquors Auctions Rare Pappy Van Winkle Bourbon to Benefit San Antonio and Bryan Food Banks  San Antonio Current

Online Auctions, Sidewalk Concerts and Virtual Tours - The Wall Street Journal
Online Auctions, Sidewalk Concerts and Virtual Tours  The Wall Street Journal

Classic Car Auctions Upended by Coronavirus - The New York Times
Classic Car Auctions Upended by Coronavirus  The New York Times

Potter & Potter Auctions to Host Eclectible Collectible Auction in June - Fine Books & Collections Magazine
Potter & Potter Auctions to Host Eclectible Collectible Auction in June  Fine Books & Collections Magazine

Worldwide Auctions to Offer Trifecta of Stainless Steel Fords in Auburn - duPont REGISTRY DAILY
Worldwide Auctions to Offer Trifecta of Stainless Steel Fords in Auburn  duPont REGISTRY DAILY

Auto auctions take cautious, detailed approach to reopen in-person sales - Auto Remarketing
Auto auctions take cautious, detailed approach to reopen in-person sales  Auto Remarketing

Dalmac Energy hits the auction block - Modern Bulk Transporter
Dalmac Energy hits the auction block  Modern Bulk Transporter

Bluebill Auction Defies Market, Nabs Over $2 Million For Massive Oilfield Equipment Package Using AuctionTime & Pre-AuctionTime - Norfolk Daily News
Bluebill Auction Defies Market, Nabs Over $2 Million For Massive Oilfield Equipment Package Using AuctionTime & Pre-AuctionTime  Norfolk Daily News

Western Climate Initiative auction results show resilience of cap and trade and benefit of long-term climate investment strategy - Environmental Defense Fund
Western Climate Initiative auction results show resilience of cap and trade and benefit of long-term climate investment strategy  Environmental Defense Fund

Carefully Curated Long-Time Collection Coming to Hunt... - Sports Collectors Daily
Carefully Curated Long-Time Collection Coming to Hunt...  Sports Collectors Daily

Wind continues to dominate Italian renewable auctions - Argus Media
Wind continues to dominate Italian renewable auctions  Argus Media

Manheim's Physical Auto Auctions Could Go Away - Ward's Auto
Manheim's Physical Auto Auctions Could Go Away  Ward's Auto

Let the bidding begin! Check out this virtual auction - FOX21News.com
Let the bidding begin! Check out this virtual auction  FOX21News.com

BelOrta auctions first gooseberries - Fruitnet
BelOrta auctions first gooseberries  Fruitnet

1000 Pounds of Asparagus Sold at Produce Auction - 9 & 10 News - 9&10 News
1000 Pounds of Asparagus Sold at Produce Auction - 9 & 10 News  9&10 News

US Medal of Honor sells for more than $15000 at German auction house - Stars and Stripes
US Medal of Honor sells for more than $15000 at German auction house  Stars and Stripes

Jyske Realkredit's auctions for July 1st 2020 refinancing Copenhagen Stock Exchange:BRF85 10 - GlobeNewswire
Jyske Realkredit's auctions for July 1st 2020 refinancing Copenhagen Stock Exchange:BRF85 10  GlobeNewswire

German auction house sells historic Medal of Honor despite US opposition - Military Times
German auction house sells historic Medal of Honor despite US opposition  Military Times

Online auctions are up, up, UP - Desert Sun
Online auctions are up, up, UP  Desert Sun

Jamiroquai lead singer Jay Kay's first car fetches $20000 at auction - Motor Authority
Jamiroquai lead singer Jay Kay's first car fetches $20000 at auction  Motor Authority

St. Lawrence Valley Produce Auction online data gives tips for wholesale selling for North Country farmers - North Country Now
St. Lawrence Valley Produce Auction online data gives tips for wholesale selling for North Country farmers  North Country Now

Black Book observations as 'normal' makes gradual return to auction - Auto Remarketing
Black Book observations as 'normal' makes gradual return to auction  Auto Remarketing

Auction industry readies for COVID-19 business closures - Marketplace
Auction industry readies for COVID-19 business closures  Marketplace

Want to know the secrets of Miami chefs? Bid at this auction for a personal Zoom session - Miami Herald
Want to know the secrets of Miami chefs? Bid at this auction for a personal Zoom session  Miami Herald

28-Carat Diamond Could Fetch $2 Million At Christie's Online Auction - Forbes
28-Carat Diamond Could Fetch $2 Million At Christie's Online Auction  Forbes

Chico State puts centennial pipe organ on the auction block to find permanent home - KRCRTV.COM
Chico State puts centennial pipe organ on the auction block to find permanent home  KRCRTV.COM

‘Chair-Ity’ Auction Raises More Than $17,000 For Greater Pittsburgh Arts Council - CBS Pittsburgh
‘Chair-Ity’ Auction Raises More Than $17,000 For Greater Pittsburgh Arts Council  CBS Pittsburgh

The most expensive sneakers ever sold at auction - Business Insider - Business Insider
The most expensive sneakers ever sold at auction - Business Insider  Business Insider

Auction Houses Report Success in Online Shift - Barron's
Auction Houses Report Success in Online Shift  Barron's

Leake Auctions Cancels June Tulsa Auction - duPont REGISTRY DAILY
Leake Auctions Cancels June Tulsa Auction  duPont REGISTRY DAILY

RM Sotheby's Offers Marcel Petitjean's Stunning Car Collection for Auction - HYPEBEAST
RM Sotheby's Offers Marcel Petitjean's Stunning Car Collection for Auction  HYPEBEAST

Phil Lesh's Stage-Played Modulus Bass Up For Auction - jambands.com
Phil Lesh's Stage-Played Modulus Bass Up For Auction  jambands.com

Facebook fundraiser auctions for HALO explode with support - Medicine Hat News
Facebook fundraiser auctions for HALO explode with support  Medicine Hat News

Kobe Bryant memorabilia auctions higher than expected, but it's a Mike Trout card that ties record - Yahoo Sports
Kobe Bryant memorabilia auctions higher than expected, but it's a Mike Trout card that ties record  Yahoo Sports

Claret Jug replica from Greg Norman's 1986 Open win up for auction - USA TODAY
Claret Jug replica from Greg Norman's 1986 Open win up for auction  USA TODAY

By & For Auction Provide COVID-19 Relief to Miami Artist - Miami New Times
By & For Auction Provide COVID-19 Relief to Miami Artist  Miami New Times

Kraft auctions off Super Bowl ring for more than $1 million - NBCSports.com
Kraft auctions off Super Bowl ring for more than $1 million  NBCSports.com

Fair's Livestock Auction Tradition Going Virtual - Oakdale Leader
Fair's Livestock Auction Tradition Going Virtual  Oakdale Leader

Donald Bridell, a collector who loved auctions and garage sales, dies of COVID-19 at 89 - Minneapolis Star Tribune
Donald Bridell, a collector who loved auctions and garage sales, dies of COVID-19 at 89  Minneapolis Star Tribune

Forget the Auction? Rural Broadband Acceleration Act Calls for Early Release of RDOF Funds for Gigabit - Telecompetitor
Forget the Auction? Rural Broadband Acceleration Act Calls for Early Release of RDOF Funds for Gigabit  Telecompetitor

Auction House Says $400,000 Worth of Wine Was 'Cooked' During Shipment - Food & Wine
Auction House Says $400,000 Worth of Wine Was 'Cooked' During Shipment  Food & Wine

62-acre former Citibank complex heads to auction - Baltimore Business Journal - Baltimore Business Journal
62-acre former Citibank complex heads to auction - Baltimore Business Journal  Baltimore Business Journal

Leake Auctions cancels its Tulsa collector car sale - The ClassicCars.com Journal
Leake Auctions cancels its Tulsa collector car sale  The ClassicCars.com Journal

Rare Books &c. at Upcoming Auctions - Fine Books & Collections Magazine
Rare Books &c. at Upcoming Auctions  Fine Books & Collections Magazine

Online Auction to Aid Comic-Book Shops Raises Over $430,000 - The New York Times
Online Auction to Aid Comic-Book Shops Raises Over $430,000  The New York Times

Insiders Share Some Watch Auction Secrets - The New York Times
Insiders Share Some Watch Auction Secrets  The New York Times

Auction sales volume continues to climb - Auto Remarketing
Auction sales volume continues to climb  Auto Remarketing

Annual Spring Livestock auction raises more than $75,000 online to support student projects and education goals - KPRC Click2Houston
Annual Spring Livestock auction raises more than $75,000 online to support student projects and education goals  KPRC Click2Houston

Breakdown Of Key XFL Auction Dates, As XFL Looks For New Owners - XFL News Hub
Breakdown Of Key XFL Auction Dates, As XFL Looks For New Owners  XFL News Hub

Eriksen auctions off football lesson - Football Italia
Eriksen auctions off football lesson  Football Italia

White Pass Scholarship Auction Will Be Held Virtually; 46 Items and Experiences to Be Auctioned Off - Centralia Chronicle
White Pass Scholarship Auction Will Be Held Virtually; 46 Items and Experiences to Be Auctioned Off  Centralia Chronicle

4-H meat auction going online | News, Sports, Jobs - Evening Observer
4-H meat auction going online | News, Sports, Jobs  Evening Observer

A fantasy golf auction? It’d have Jack’s putter, Tiger’s Scotty…and this epic club - Golf.com
A fantasy golf auction? It’d have Jack’s putter, Tiger’s Scotty…and this epic club  Golf.com

America's big midband spectrum auction for 5G clears another obstacle - Light Reading
America's big midband spectrum auction for 5G clears another obstacle  Light Reading

Trudy's Tex-Mex could be sold at auction, attorney says - KVUE.com
Trudy's Tex-Mex could be sold at auction, attorney says  KVUE.com

Senator Calls on Pompeo to Save Soldier's Medal of Honor from Auction - Military.com
Senator Calls on Pompeo to Save Soldier's Medal of Honor from Auction  Military.com

Carbon Market: Results of May 20th Auction held between Québec and California - Marketscreener.com
Carbon Market: Results of May 20th Auction held between Québec and California  Marketscreener.com

Steel Partners' Assets Go to Public Auction - Yahoo Finance
Steel Partners' Assets Go to Public Auction  Yahoo Finance

Small-denomination California gold coins headed for June auction - Coin World
Small-denomination California gold coins headed for June auction  Coin World

WB Liquors benefiting Texas food banks with special whiskey auction - KBTX
WB Liquors benefiting Texas food banks with special whiskey auction  KBTX

Colt 1911 pistol carried by Marine on Iwo Jima going up for auction - Military Times
Colt 1911 pistol carried by Marine on Iwo Jima going up for auction  Military Times

Vineland Produce Auction serving the industry since 1931 - TheProduceNews.com
Vineland Produce Auction serving the industry since 1931  TheProduceNews.com

Ann Tolson Silent Auction Resumes at NHAA's Levy Gallery - Patch.com
Ann Tolson Silent Auction Resumes at NHAA's Levy Gallery  Patch.com

457-Mile 1995 Ford Bronco XLT Heads to Auction, It's Literally As New - autoevolution
457-Mile 1995 Ford Bronco XLT Heads to Auction, It's Literally As New  autoevolution

FCC Plans to Finalize Phase I RDOF Auction Procedures and Explore 5G Use of High-Band Frequencies at June Meeting - JD Supra
FCC Plans to Finalize Phase I RDOF Auction Procedures and Explore 5G Use of High-Band Frequencies at June Meeting  JD Supra

Online collector car auction sets records, aids COVID-19 relief - Auto Remarketing
Online collector car auction sets records, aids COVID-19 relief  Auto Remarketing

Auction Houses Attract Collectors with Private Sales for Three Key Reasons - Artsy
Auction Houses Attract Collectors with Private Sales for Three Key Reasons  Artsy

August auction slated for State Trust land south of Apache Junction - Your Valley
August auction slated for State Trust land south of Apache Junction  Your Valley

Christie’s Gets Creative for 20th-Century Art Auction in July - The New York Times
Christie’s Gets Creative for 20th-Century Art Auction in July  The New York Times

Despite coronavirus, Manhattan Beach Education Foundation's virtual Wine Auction on track for record fund-raising - The Beach Reporter
Despite coronavirus, Manhattan Beach Education Foundation's virtual Wine Auction on track for record fund-raising  The Beach Reporter

A Trifecta of Ultra-Rare Stainless Steel Vintage Fords Is Heading to Auction - Robb Report
A Trifecta of Ultra-Rare Stainless Steel Vintage Fords Is Heading to Auction  Robb Report

BizBeat: J Street Vintage thrives through online auctions - Jefferson City News Tribune
BizBeat: J Street Vintage thrives through online auctions  Jefferson City News Tribune

Spoon! The Tick Event Auction at Heritage Starts Tonight - Bleeding Cool News
Spoon! The Tick Event Auction at Heritage Starts Tonight  Bleeding Cool News

Phillips To Hold Cross-Category Online Auction Of Watches, Jewels And Art - Forbes
Phillips To Hold Cross-Category Online Auction Of Watches, Jewels And Art  Forbes

Patriots' Kraft auctioning Super Bowl LI ring for charity in All In Challenge - ESPN
Patriots' Kraft auctioning Super Bowl LI ring for charity in All In Challenge  ESPN

80-acre Tree-Mendus Fruit Farm property bought at auction for $335,000 - WNDU-TV
80-acre Tree-Mendus Fruit Farm property bought at auction for $335,000  WNDU-TV

Short-term JGBs edge higher as 2-year auction sees solid demand - Reuters
Short-term JGBs edge higher as 2-year auction sees solid demand  Reuters

Joan Mitchell’s ‘Noël’ Could Fetch up to $12.5 Million at Auction - Barron's
Joan Mitchell’s ‘Noël’ Could Fetch up to $12.5 Million at Auction  Barron's

COVID-19 Forces Delay of Museum-Grade Vannoy Collection Auction - Autobody News
COVID-19 Forces Delay of Museum-Grade Vannoy Collection Auction  Autobody News

Chico State University centennial organ up for auction - Action News Now
Chico State University centennial organ up for auction  Action News Now

One Thousand Museum unit heads to the auction block - The Real Deal
One Thousand Museum unit heads to the auction block  The Real Deal

Long-Lost John Deere Found on Auction - WHO TV Des Moines
Long-Lost John Deere Found on Auction  WHO TV Des Moines

Just Sold: Copart pays $3.3 million for 45-acre auction site in Elk River - Finance and Commerce
Just Sold: Copart pays $3.3 million for 45-acre auction site in Elk River  Finance and Commerce

Paddle8 Selling Art Auction Platform and Client List in Bankruptcy Proceedings - ArtfixDaily
Paddle8 Selling Art Auction Platform and Client List in Bankruptcy Proceedings  ArtfixDaily

How to protect clean energy auctions during Covid-19 crisis - pv magazine International
How to protect clean energy auctions during Covid-19 crisis  pv magazine International

Get Your Hands on a Rolex at Crown & Caliber’s Latest Charity Watch Auction - Robb Report
Get Your Hands on a Rolex at Crown & Caliber’s Latest Charity Watch Auction  Robb Report

Steel Partners' Assets Go to Virtual Public Auction - Monitor Daily
Steel Partners' Assets Go to Virtual Public Auction  Monitor Daily

Essex Fells Borough BOROUGH OF ESSEX FELLS, NJ PUBLIC AUCTION - New Jersey Hills
Essex Fells Borough BOROUGH OF ESSEX FELLS, NJ PUBLIC AUCTION  New Jersey Hills

Art&Co. Announces the Launch of the World's Largest Online Art Auction for COVID-19 - WFMZ Allentown
Art&Co. Announces the Launch of the World's Largest Online Art Auction for COVID-19  WFMZ Allentown

Richard Childress auctions Dale Earnhardt car, $425K goes to charity - Yahoo Sports
Richard Childress auctions Dale Earnhardt car, $425K goes to charity  Yahoo Sports

Sotheby’s to Auction Storied Ginny Williams Collection in June, Featuring Leading Women Artists Mitchell, Krasner - ARTnews
Sotheby’s to Auction Storied Ginny Williams Collection in June, Featuring Leading Women Artists Mitchell, Krasner  ARTnews

Tulia cattle auction results | Livestock Markets - High Plains Journal
Tulia cattle auction results | Livestock Markets  High Plains Journal

Nye County to auction 580 properties online to support essential services - News3LV
Nye County to auction 580 properties online to support essential services  News3LV

York Theatre Company's UNIQUELY YORK Online Auction Extends Through June 30 - Broadway World
York Theatre Company's UNIQUELY YORK Online Auction Extends Through June 30  Broadway World

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