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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 Wed. August / 12 / 2020

HiBid.com Auctions Topped $33.6 Million In Record-Breaking Week; Rare Coins, Jewelry, Home Goods & More Up For Sale - News-Press Now
HiBid.com Auctions Topped $33.6 Million In Record-Breaking Week; Rare Coins, Jewelry, Home Goods & More Up For Sale  News-Press Now

Halliburton Surplus Real Estate Auctions Set for Oct - PRNewswire
Halliburton Surplus Real Estate Auctions Set for Oct  PRNewswire

Brunk Auctions to Offer William N. Bank’s Historic Collection - Barron's
Brunk Auctions to Offer William N. Bank’s Historic Collection  Barron's

L.A. Rockler Fur Company begins auctions of remaining garments - Southernminn.com
L.A. Rockler Fur Company begins auctions of remaining garments  Southernminn.com

‘Willamette: The Pinot Noir Auction’ Goes Online For The First Time In 2020 - Forbes
‘Willamette: The Pinot Noir Auction’ Goes Online For The First Time In 2020  Forbes

Clemente rookie card, 1900 Wagner team photo up for auction - TribLIVE
Clemente rookie card, 1900 Wagner team photo up for auction  TribLIVE

NamesCon Auction Now Live on GoDaddy Auctions - DomainInvesting.com
NamesCon Auction Now Live on GoDaddy Auctions  DomainInvesting.com

Hospitality "Hope Survives" Luncheon, Auction Goes Virtual - Go Blue Ridge
Hospitality "Hope Survives" Luncheon, Auction Goes Virtual  Go Blue Ridge

PRG's Annual Equipment Auction to be Held Online - PRNewswire
PRG's Annual Equipment Auction to be Held Online  PRNewswire

Namibia Auctions Fishing Rights to Raise Money for Virus - Bloomberg
Namibia Auctions Fishing Rights to Raise Money for Virus  Bloomberg

Relief sales adapt to online auctions, find bidders - Mennonite World Review
Relief sales adapt to online auctions, find bidders  Mennonite World Review

Faraday Future FF 91 Pikes Peak Prototype up for Auction - Motor Trend
Faraday Future FF 91 Pikes Peak Prototype up for Auction  Motor Trend

Hinson leaves mark on auctions, county - The Stanly News & Press - Stanly News & Press
Hinson leaves mark on auctions, county - The Stanly News & Press  Stanly News & Press

A drive-thru gala? Welcome to the new world of nonprofit fundraisers - The Mercury News
A drive-thru gala? Welcome to the new world of nonprofit fundraisers  The Mercury News

With $2.7B in proceeds, CBRS auction showing 'unusual' activity - Light Reading
With $2.7B in proceeds, CBRS auction showing 'unusual' activity  Light Reading

Ballard Food Bank's 'Helpings for Hope' auction goes virtual - My Ballard
Ballard Food Bank's 'Helpings for Hope' auction goes virtual  My Ballard

Trump administration announces major midband spectrum auction for 5G - TechCrunch
Trump administration announces major midband spectrum auction for 5G  TechCrunch

Jimi Hendrix’s Early Sixties Guitar Sells for $216,000 at Auction - Rolling Stone
Jimi Hendrix’s Early Sixties Guitar Sells for $216,000 at Auction  Rolling Stone

Brazil mulls reverse auctions, subsidies to expand connectivity in the Amazon - BNamericas English
Brazil mulls reverse auctions, subsidies to expand connectivity in the Amazon  BNamericas English

'Holy Grail of All Dollars' Could Fetch $10M at Auction - Newser
'Holy Grail of All Dollars' Could Fetch $10M at Auction  Newser

PALs auction: $3 billion and counting - RCR Wireless News
PALs auction: $3 billion and counting  RCR Wireless News

White Star Auction is up for sale - Sturgis Journal
White Star Auction is up for sale  Sturgis Journal

BJ DRYE COLUMN: It happened at the auction - The Stanly News & Press - Stanly News & Press
BJ DRYE COLUMN: It happened at the auction - The Stanly News & Press  Stanly News & Press

Brooks Brothers Heads Toward Sale Auction – WWD - WWD
Brooks Brothers Heads Toward Sale Auction – WWD  WWD

Steak ‘n Shake puts 15 shuttered restaurants up for auction to fund new service model - Louisville Business First
Steak ‘n Shake puts 15 shuttered restaurants up for auction to fund new service model  Louisville Business First

Three-Year Note Auction Attracts Average Demand - Nasdaq
Three-Year Note Auction Attracts Average Demand  Nasdaq

Bottle Of Whiskey From Sunken Cargo Ship Is Up For Auction - NPR
Bottle Of Whiskey From Sunken Cargo Ship Is Up For Auction  NPR

Palettes of Keuka Art Tour is gearing up for annual auction - WETM - MyTwinTiers.com
Palettes of Keuka Art Tour is gearing up for annual auction  WETM - MyTwinTiers.com

Digital Exclusive: Chuck’s Auction Service has success with online bidding - PAHomePage.com
Digital Exclusive: Chuck’s Auction Service has success with online bidding  PAHomePage.com

Albuquerque’s only water park auctioned for $54,000 - KRQE News 13
Albuquerque’s only water park auctioned for $54,000  KRQE News 13

SpeediShuttle to sell 49 vehicles in online auction - Pacific Business News (Honolulu)
SpeediShuttle to sell 49 vehicles in online auction  Pacific Business News (Honolulu)

Former Fells Point cafe headed to auction with Auction Brokers - Baltimore Business Journal
Former Fells Point cafe headed to auction with Auction Brokers  Baltimore Business Journal

Virtual Auction for the Animals set for Aug. 29 - Pagosa Springs Sun
Virtual Auction for the Animals set for Aug. 29  Pagosa Springs Sun

Treasury ramps up auctions as borrowing, virus surges - Finance and Commerce
Treasury ramps up auctions as borrowing, virus surges  Finance and Commerce

25th Annual Anne S. Thacik Auction Web site Launches - GANT News
25th Annual Anne S. Thacik Auction Web site Launches  GANT News

Auction Firm MaestroSoft Acquired By Arreva - The NonProfit Times
Auction Firm MaestroSoft Acquired By Arreva  The NonProfit Times

Annual Yates County Chamber Auction goes online - Penn Yan Chronicle-Express
Annual Yates County Chamber Auction goes online  Penn Yan Chronicle-Express

$10M 'Flowing Hair' 1794 US dollar set for auction in Las Vegas - FOX5 Las Vegas
$10M 'Flowing Hair' 1794 US dollar set for auction in Las Vegas  FOX5 Las Vegas

Auction Report: Bonhams Announces An All-Seiko Online-Only Auction - HODINKEE
Auction Report: Bonhams Announces An All-Seiko Online-Only Auction  HODINKEE

Buffalo Sabres to auction game-worn 50th season jerseys - Niagara Frontier Publications
Buffalo Sabres to auction game-worn 50th season jerseys  Niagara Frontier Publications

Clark County hosting government surplus vehicle, airport lost and found online auctions this week - KLAS - 8 News Now
Clark County hosting government surplus vehicle, airport lost and found online auctions this week  KLAS - 8 News Now

Even with Erie County Fair canceled, the animal shows and auctions go on - WGRZ.com
Even with Erie County Fair canceled, the animal shows and auctions go on  WGRZ.com

Michael Jordan Bulls jersey up for auction - Chicago Sun-Times
Michael Jordan Bulls jersey up for auction  Chicago Sun-Times

Rare 1969 Adams Brothers M-505 Probe 16, like in 'A Clockwork Orange,' up for auction - Autoblog
Rare 1969 Adams Brothers M-505 Probe 16, like in 'A Clockwork Orange,' up for auction  Autoblog

El Paso County foreclosure auction still happening in person, dozens gather - KFOX El Paso
El Paso County foreclosure auction still happening in person, dozens gather  KFOX El Paso

Auction House Repatriates Sacred Indigenous Items, Possibly a Human Scalp - VICE
Auction House Repatriates Sacred Indigenous Items, Possibly a Human Scalp  VICE

Brandon Lee 'Crow' Costume Sells For $25K at Auction - Hollywood Reporter
Brandon Lee 'Crow' Costume Sells For $25K at Auction  Hollywood Reporter

Auction for former North Dakota missile site falls short - KX NEWS
Auction for former North Dakota missile site falls short  KX NEWS

Auction move here raises virus concerns | City News - scottsdale.org
Auction move here raises virus concerns | City News  scottsdale.org

Prop Store Announces Auction Featuring Rare 'Star Wars' Items! - Nerds and Beyond
Prop Store Announces Auction Featuring Rare 'Star Wars' Items!  Nerds and Beyond

Spectacles Belonging to Gandhi Were Mailed to an Auction House–With Owner Having No Idea of Their Value - Good News Network
Spectacles Belonging to Gandhi Were Mailed to an Auction House–With Owner Having No Idea of Their Value  Good News Network

CSC Generation, Marquee Brands Top Fortress in Sur La Table Bankruptcy Auction - The Wall Street Journal
CSC Generation, Marquee Brands Top Fortress in Sur La Table Bankruptcy Auction  The Wall Street Journal

Breaking News: Bonhams' Seiko-Only Auction Disappears In The Wake Of Collector Scrutiny - HODINKEE
Breaking News: Bonhams' Seiko-Only Auction Disappears In The Wake Of Collector Scrutiny  HODINKEE

'Leash' proof sells at auction | Local News | rutlandherald.com - Rutland Herald
'Leash' proof sells at auction | Local News | rutlandherald.com  Rutland Herald

BMW R26 German Police Bike Goes To Auction - RideApart
BMW R26 German Police Bike Goes To Auction  RideApart

Friendship Heights Mall Heading To Foreclosure Auction - Bisnow
Friendship Heights Mall Heading To Foreclosure Auction  Bisnow

MusiCares Foundation announces charity auction items - The Music Universe.
MusiCares Foundation announces charity auction items  The Music Universe.

Flint, Mich., to destroy illegal guns seized by police, won't auction them off to lawful bidders - Fox News
Flint, Mich., to destroy illegal guns seized by police, won't auction them off to lawful bidders  Fox News

HiBid.com Auctions Topped $35 Million Last Week; Sports Cars, Gold Bullion, Farm Equipment, & More Up For Sale - Yahoo Finance
HiBid.com Auctions Topped $35 Million Last Week; Sports Cars, Gold Bullion, Farm Equipment, & More Up For Sale  Yahoo Finance

20 Under 40: Peterson enjoys leadership opportunities at DPA Auctions - Fremont Tribune
20 Under 40: Peterson enjoys leadership opportunities at DPA Auctions  Fremont Tribune

Pheasant Run auction bringing back flood of memories - Kane County Chronicle
Pheasant Run auction bringing back flood of memories  Kane County Chronicle

Spots remain open in Triple B Invitational; new auction items available - nsudemons.com
Spots remain open in Triple B Invitational; new auction items available  nsudemons.com

Point Lookout estate auctions off all assets on property - By Kendra Caruso and Fran Gonzalez - Republican Journal
Point Lookout estate auctions off all assets on property - By Kendra Caruso and Fran Gonzalez  Republican Journal

US offshore energy industry releases economic impact study of offshore wind auctions - WorldOil
US offshore energy industry releases economic impact study of offshore wind auctions  WorldOil

Houghton County Fair canceled; livestock shows, auctions, and drive-through food concessions to take place - WLUC
Houghton County Fair canceled; livestock shows, auctions, and drive-through food concessions to take place  WLUC

Sotheby’s Reports $2.5 Billion in Sales - The New York Times
Sotheby’s Reports $2.5 Billion in Sales  The New York Times

Auction of Washington Wines Virtual Pt 1 - AG INFORMATION NETWORK OF THE WEST - AGInfo Ag Information Network Of The West
Auction of Washington Wines Virtual Pt 1 - AG INFORMATION NETWORK OF THE WEST  AGInfo Ag Information Network Of The West

Rotary auction slated - Hillsboro Times Gazette
Rotary auction slated  Hillsboro Times Gazette

Chamber Hostesses move 'Raising Red Barns' auction online - North Platte Telegraph
Chamber Hostesses move 'Raising Red Barns' auction online  North Platte Telegraph

Auctions get creative as the pandemic forces them online - The New York Times
Auctions get creative as the pandemic forces them online  The New York Times

Preston Evans has a colossal four-day auction event planned for Sept. 4-7 in Byron, Georgia - ArtfixDaily
Preston Evans has a colossal four-day auction event planned for Sept. 4-7 in Byron, Georgia  ArtfixDaily

United States Vehicle Auction Market 2020-2024 Featuring Profiles of Key Players KAR Auction Services, Copart and Manheim - Yahoo Finance
United States Vehicle Auction Market 2020-2024 Featuring Profiles of Key Players KAR Auction Services, Copart and Manheim  Yahoo Finance

Result of Riksbank reversed auctions SEK bonds Stockholm Stock Exchange:RIX - GlobeNewswire
Result of Riksbank reversed auctions SEK bonds Stockholm Stock Exchange:RIX  GlobeNewswire

Lightning Foundation to host online auctions, 50/50 raffles in playoffs - Official site of the Tampa Bay Lightning
Lightning Foundation to host online auctions, 50/50 raffles in playoffs  Official site of the Tampa Bay Lightning

NY state completes investigation into mock slave auction in Watertown 4th grade class - syracuse.com
NY state completes investigation into mock slave auction in Watertown 4th grade class  syracuse.com

St. Cloud Rox to Auction Off Jerseys for Freedom Flight - KNSI Radio
St. Cloud Rox to Auction Off Jerseys for Freedom Flight  KNSI Radio

Montgomery Co. police vehicle auctions shift back in gear - WTOP
Montgomery Co. police vehicle auctions shift back in gear  WTOP

SARC raising funds with “maskerade” contest and auction - KBTX
SARC raising funds with “maskerade” contest and auction  KBTX

In Photos: Leopold III's Bugatti goes up for auction - The Brussels Times
In Photos: Leopold III's Bugatti goes up for auction  The Brussels Times

HiBid's Toys.HiBid.com Portal Showcases Auctions Featuring Toys, Games & Collectibles for All Ages - PRNewswire
HiBid's Toys.HiBid.com Portal Showcases Auctions Featuring Toys, Games & Collectibles for All Ages  PRNewswire

Babylon chamber is holding its popular Chinese auction online - GreaterBabylon
Babylon chamber is holding its popular Chinese auction online  GreaterBabylon

Founders of YouTube and Restoration Hardware to auction historic Adirondack camp - newyorkupstate.com
Founders of YouTube and Restoration Hardware to auction historic Adirondack camp  newyorkupstate.com

Auction of Washington Wines Takes Events Online, Aug. 11-15 - wineindustryadvisor.com
Auction of Washington Wines Takes Events Online, Aug. 11-15  wineindustryadvisor.com

Wine Online: How the Multimillion-Dollar Wine Auction Circuit Is Going Virtual - Robb Report
Wine Online: How the Multimillion-Dollar Wine Auction Circuit Is Going Virtual  Robb Report

Photos: Auction Offers Chance To Own A Piece Of Threadgill's Memorabilia - KUT
Photos: Auction Offers Chance To Own A Piece Of Threadgill's Memorabilia  KUT

Bidding open on Hunterdon Art Museum’s online fundraiser auction - nj.com
Bidding open on Hunterdon Art Museum’s online fundraiser auction  nj.com

Bidding Ends Today For China Fashion Gala Auction To Benefit China Institute - Forbes
Bidding Ends Today For China Fashion Gala Auction To Benefit China Institute  Forbes

MicroStrategy Announces Commencement of Modified Dutch Auction Tender Offer to Purchase Up to $250 Million of Its Class A Common Stock - Business Wire
MicroStrategy Announces Commencement of Modified Dutch Auction Tender Offer to Purchase Up to $250 Million of Its Class A Common Stock  Business Wire

Isiah Thomas calls out auction house to return stolen All-Star Game MVP trophy - ClutchPoints
Isiah Thomas calls out auction house to return stolen All-Star Game MVP trophy  ClutchPoints

GNC, China's Harbin Pharmaceutical agree on sale price before auction - New Hope Network
GNC, China's Harbin Pharmaceutical agree on sale price before auction  New Hope Network

$10M 'Flowing Hair' 1794 US dollar set for auction in Vegas - Las Vegas Sun
$10M 'Flowing Hair' 1794 US dollar set for auction in Vegas  Las Vegas Sun

Barrett-Jackson moves Las Vegas and Palm Beach, Florida car auction to Scottsdale instead this fall - AZCentral
Barrett-Jackson moves Las Vegas and Palm Beach, Florida car auction to Scottsdale instead this fall  AZCentral

Jimi Hendrix’s ‘60s Japanese sunburst guitar sells at auction for over $180,000 - Guitar.com
Jimi Hendrix’s ‘60s Japanese sunburst guitar sells at auction for over $180,000  Guitar.com

Gooding sets online auction record with $3.08M sale of Ferrari 275 GTB - The ClassicCars.com Journal
Gooding sets online auction record with $3.08M sale of Ferrari 275 GTB  The ClassicCars.com Journal

"Disneyland: The First 65 Years" – A Two-Day Auction Starting August 15, 2020 - The DIS
"Disneyland: The First 65 Years" – A Two-Day Auction Starting August 15, 2020  The DIS

Theater at Monmouth 18th annual Silent Auction underway online - Kennebec Journal & Morning Sentinel
Theater at Monmouth 18th annual Silent Auction underway online  Kennebec Journal & Morning Sentinel

US Vehicle Auction Market Outlook 2020-2024: Due to COVID-19, Online/Digital Auctions Have Become the New Norm - GlobeNewswire
US Vehicle Auction Market Outlook 2020-2024: Due to COVID-19, Online/Digital Auctions Have Become the New Norm  GlobeNewswire

Kishman Farm near Minerva sold at auction - Canton Repository
Kishman Farm near Minerva sold at auction  Canton Repository

Pheasant Run memorabilia will be available in online auction - Chicago Daily Herald
Pheasant Run memorabilia will be available in online auction  Chicago Daily Herald

Certified American Tokens & Medals Offered in August Heritage Auction - CoinWeek
Certified American Tokens & Medals Offered in August Heritage Auction  CoinWeek

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