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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
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TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Sat. June / 12 / 2021

The action is in the auction | TheFencePost.com - Fence Post
The action is in the auction | TheFencePost.com  Fence Post

Blue Origin auctions a rocket trip to space with Bezos - Reuters
Blue Origin auctions a rocket trip to space with Bezos  Reuters

Selected Western livestock auctions | Livestock Auctions | capitalpress.com - Capital Press
Selected Western livestock auctions | Livestock Auctions | capitalpress.com  Capital Press

Reverse auctions secretly killed by special interests - Gwcommonwealth
Reverse auctions secretly killed by special interests  Gwcommonwealth

Kusama Parachain Auctions - The Next Generation Of Token Offerings is Here - Forbes
Kusama Parachain Auctions - The Next Generation Of Token Offerings is Here  Forbes

Stake Technologies Raises $10M Ahead of Polkadot and Kusama Auctions - CoinDesk - CoinDesk
Stake Technologies Raises $10M Ahead of Polkadot and Kusama Auctions - CoinDesk  CoinDesk

Mecum Auctions makes big debut in Tulsa with 200 more cars than originally expected - KTUL
Mecum Auctions makes big debut in Tulsa with 200 more cars than originally expected  KTUL

CONDITIONS FOR RIKSBANK REVERSED AUCTIONS SEK TREASURY - GlobeNewswire
CONDITIONS FOR RIKSBANK REVERSED AUCTIONS SEK TREASURY  GlobeNewswire

Arizona land auction postponed again after no one bids - ABC15 Arizona
Arizona land auction postponed again after no one bids  ABC15 Arizona

Famed 'Doge' meme NFT sells for record-breaking $4 million at auction - Business Insider
Famed 'Doge' meme NFT sells for record-breaking $4 million at auction  Business Insider

Kraken Unveils Parachain Auction Platform - Business Wire
Kraken Unveils Parachain Auction Platform  Business Wire

Spain: The Risks of Auctions Without Bidders - Lexology
Spain: The Risks of Auctions Without Bidders  Lexology

Michael Jordan's Signed 'Player Sample' AJ1's Up For Auction, Could Fetch $250k - TMZ
Michael Jordan's Signed 'Player Sample' AJ1's Up For Auction, Could Fetch $250k  TMZ

The Top 5 Biggest Lots Sold Through Artnet Auctions This Year, From a Frank Stella Masterwork to an Andy Warhol Icon - artnet News
The Top 5 Biggest Lots Sold Through Artnet Auctions This Year, From a Frank Stella Masterwork to an Andy Warhol Icon  artnet News

Ritchie Bros. sees unprecedented activity at its online auctions - World Pipelines
Ritchie Bros. sees unprecedented activity at its online auctions  World Pipelines

Brazil auctions phosphate exploration rights - BNamericas English
Brazil auctions phosphate exploration rights  BNamericas English

List analysis: Real estate auction firms feel the pains, rewards of low inventory in 2020 - Wichita Business Journal - Wichita Business Journal
List analysis: Real estate auction firms feel the pains, rewards of low inventory in 2020 - Wichita Business Journal  Wichita Business Journal

A 110-year-old bottle of Champagne is about to go on the block in an auction that could fetch millions - CNBC
A 110-year-old bottle of Champagne is about to go on the block in an auction that could fetch millions  CNBC

'Covid Alien' CryptoPunk NFT sells for over $11.7 million to billionaire buyer in Sotheby's auction - CNBC
'Covid Alien' CryptoPunk NFT sells for over $11.7 million to billionaire buyer in Sotheby's auction  CNBC

City of Eagle auctions off former 35-acre Floating Feather park site - boisedev.com
City of Eagle auctions off former 35-acre Floating Feather park site  boisedev.com

Princess Diana's 1981 Ford Escort heads to auction - Motor Authority
Princess Diana's 1981 Ford Escort heads to auction  Motor Authority

10 Standout Auction Lots on Artsy This Week - Artsy
10 Standout Auction Lots on Artsy This Week  Artsy

Mona Lisa up for auction? Not quite - Reuters
Mona Lisa up for auction? Not quite  Reuters

Drive value for your organization with e-auctions - learnings from Maersk's Jacob Larsen - Diginomica
Drive value for your organization with e-auctions - learnings from Maersk's Jacob Larsen  Diginomica

Heritage Auctions Claims the Zobrist Ring is Being Sold By a Merchandise Collector, Zobrist's Agent Says Not True - bleachernation.com
Heritage Auctions Claims the Zobrist Ring is Being Sold By a Merchandise Collector, Zobrist's Agent Says Not True  bleachernation.com

Premium Tier .CO and .Club Names Can be Listed on GoDaddy Auctions - DomainInvesting.com
Premium Tier .CO and .Club Names Can be Listed on GoDaddy Auctions  DomainInvesting.com

Behind Blue Origin bids: RR Auction vets viers for New Shepard seat - collectSPACE.com
Behind Blue Origin bids: RR Auction vets viers for New Shepard seat  collectSPACE.com

HiBid Records $44 Million in Auction Sales Last Week, with Returned and Seized Items Now Up for Bidding - PRNewswire
HiBid Records $44 Million in Auction Sales Last Week, with Returned and Seized Items Now Up for Bidding  PRNewswire

These Are The Most Expensive Pickup Trucks Ever Sold At Auction - HotCars
These Are The Most Expensive Pickup Trucks Ever Sold At Auction  HotCars

Auctions: A Unique Set Of All Five FP Journe Souscription Models To Be Sold By Phillips This Fall - HODINKEE
Auctions: A Unique Set Of All Five FP Journe Souscription Models To Be Sold By Phillips This Fall  HODINKEE

Berks County to Hold First-Ever Online Auction for Delinquent Real Estate Taxes via Bid4Assets.com - PRNewswire
Berks County to Hold First-Ever Online Auction for Delinquent Real Estate Taxes via Bid4Assets.com  PRNewswire

PUBLIC AUCTION | Legal Announcements | alexcityoutlook.com - The Alexander City Outlook
PUBLIC AUCTION | Legal Announcements | alexcityoutlook.com  The Alexander City Outlook

Unique endowment land auction brings in a sale price of $35.2 million - Local News 8 - LocalNews8.com
Unique endowment land auction brings in a sale price of $35.2 million - Local News 8  LocalNews8.com

The Most Expensive Picassos to Sell at Auction - ARTnews
The Most Expensive Picassos to Sell at Auction  ARTnews

World's Most Valuable Postage Stamp Falls Short Of Anticipated Auction Record - NPR
World's Most Valuable Postage Stamp Falls Short Of Anticipated Auction Record  NPR

West Seneca Police holding property, bicycle auction Saturday - WGRZ.com
West Seneca Police holding property, bicycle auction Saturday  WGRZ.com

FCC sets October start date for 3.45 GHz auction - FierceWireless
FCC sets October start date for 3.45 GHz auction  FierceWireless

Rare Toulouse-Lautrec Hospital Painting to Sell at Paris Auction - ARTnews
Rare Toulouse-Lautrec Hospital Painting to Sell at Paris Auction  ARTnews

Neighborhood Notes: Auction for arts programming, Community Chalk Day, a Cuban food truck and performances abound - Mission Local
Neighborhood Notes: Auction for arts programming, Community Chalk Day, a Cuban food truck and performances abound  Mission Local

Courthouse commotion — protesters try to disrupt World Class foreclosure auctions - KXAN.com
Courthouse commotion — protesters try to disrupt World Class foreclosure auctions  KXAN.com

The Hulman Estate Auction starts Friday at the Fairgrounds in Vigo County - WTHITV.com
The Hulman Estate Auction starts Friday at the Fairgrounds in Vigo County  WTHITV.com

Ultra rare Dodge Durango Hellcat up for auction by Szott Dodge to help Ronald McDonald House - FOX 2 Detroit
Ultra rare Dodge Durango Hellcat up for auction by Szott Dodge to help Ronald McDonald House  FOX 2 Detroit

Last Call For North Fork Community Theatre Auction, Gala Tickets - Patch.com
Last Call For North Fork Community Theatre Auction, Gala Tickets  Patch.com

Melbourne auctions: Unrenovated Brunswick home sells for $2.325m as on-site auctions return - Domain News
Melbourne auctions: Unrenovated Brunswick home sells for $2.325m as on-site auctions return  Domain News

Real Estate Auction Firms - Wichita Business Journal - Wichita Business Journal
Real Estate Auction Firms - Wichita Business Journal  Wichita Business Journal

Corry Auto Auction celebrates 75 years - YourErie
Corry Auto Auction celebrates 75 years  YourErie

Government auctions vehicles with open recalls in Phoenix - AZFamily
Government auctions vehicles with open recalls in Phoenix  AZFamily

PHOTOS: ‘Tiny home’ built by Casper Pathway students auctions for $103,000 - Oil City News
PHOTOS: ‘Tiny home’ built by Casper Pathway students auctions for $103,000  Oil City News

Rice/St. Cloud Area Auction • Saturday, June 5 | Auctions - ECM Publishers
Rice/St. Cloud Area Auction • Saturday, June 5 | Auctions  ECM Publishers

Local collectors keep Manhattan Wine Auction funding schools for nearly 3 decades - The Daily Breeze
Local collectors keep Manhattan Wine Auction funding schools for nearly 3 decades  The Daily Breeze

Library bringing back silent auction | Community | the-messenger.com - The Messenger
Library bringing back silent auction | Community | the-messenger.com  The Messenger

Corvette at OGS auction sells for $32,300 - WRGB
Corvette at OGS auction sells for $32,300  WRGB

Going once, going twice: Midland County property included in state surplus auction - Midland Daily News
Going once, going twice: Midland County property included in state surplus auction  Midland Daily News

Nuclear capacity increases by 4.5 GW in long-delayed 'MOPRed' PJM auction, coal loses 8 GW - Utility Dive
Nuclear capacity increases by 4.5 GW in long-delayed 'MOPRed' PJM auction, coal loses 8 GW  Utility Dive

Two Kentucky Real Estate Professionals Indicted for Rigging Farmland Auction - Department of Justice
Two Kentucky Real Estate Professionals Indicted for Rigging Farmland Auction  Department of Justice

First-ever auction of NFT based on Nobel Prize nets UC Berkeley $50000 - UC Berkeley
First-ever auction of NFT based on Nobel Prize nets UC Berkeley $50000  UC Berkeley

Buying a bit of history: Hulman auction underway - Terre Haute Tribune Star
Buying a bit of history: Hulman auction underway  Terre Haute Tribune Star

Police Auction Off Hooligan's Lamborghini Huracan Performante - CarBuzz
Police Auction Off Hooligan's Lamborghini Huracan Performante  CarBuzz

The Le Mans-Winning Ferrari 550 GT1 Racecar Could Fetch up to $2.7 Million at Auction - Robb Report
The Le Mans-Winning Ferrari 550 GT1 Racecar Could Fetch up to $2.7 Million at Auction  Robb Report

County to auction off hundreds of properties with unpaid taxes - Tulsa World
County to auction off hundreds of properties with unpaid taxes  Tulsa World

The estate of Mari Hulman George heads to auction - WLNS
The estate of Mari Hulman George heads to auction  WLNS

A Man Who Died Of COVID Left His Family A Cache Of Baseball Cards Worth Millions - NPR
A Man Who Died Of COVID Left His Family A Cache Of Baseball Cards Worth Millions  NPR

U.S. to auction leases for 8 wind power sites off New York and New Jersey - Washington Post
U.S. to auction leases for 8 wind power sites off New York and New Jersey  Washington Post

Here’s who purchased the Radisson Hotel Harrisburg at auction and it wasn’t the highest bidder - PennLive
Here’s who purchased the Radisson Hotel Harrisburg at auction and it wasn’t the highest bidder  PennLive

How Shop an Auction : Finding a Deal on Furniture at an Auction - HouseBeautiful.com
How Shop an Auction : Finding a Deal on Furniture at an Auction  HouseBeautiful.com

Wayne Newton, Siegfried & Roy classics in Barrett-Jackson auction - Las Vegas Review-Journal
Wayne Newton, Siegfried & Roy classics in Barrett-Jackson auction  Las Vegas Review-Journal

Princeton Area Auction • Friday, May 28 | Auctions - ECM Publishers
Princeton Area Auction • Friday, May 28 | Auctions  ECM Publishers

This stolen Corvette was recovered in Rochester. NY sold it at auction. - Democrat & Chronicle
This stolen Corvette was recovered in Rochester. NY sold it at auction.  Democrat & Chronicle

Fate of Illinois nuclear plants in balance after 3 fail to clear PJM auction and subsidy plan stalls - Utility Dive
Fate of Illinois nuclear plants in balance after 3 fail to clear PJM auction and subsidy plan stalls  Utility Dive

Mispillion Art League's Annual 6×6 Silent Auction - Milford LIVE
Mispillion Art League's Annual 6×6 Silent Auction  Milford LIVE

Viewing sessions slated for quilts auction - Waite Park Newsleader
Viewing sessions slated for quilts auction  Waite Park Newsleader

Virtual auction to benefit Lewiston student | Lewiston Sun Journal - Lewiston Sun Journal
Virtual auction to benefit Lewiston student | Lewiston Sun Journal  Lewiston Sun Journal

Racing antiques up for auction at Mary Hulman Estate - Fox 59
Racing antiques up for auction at Mary Hulman Estate  Fox 59

Verso Corporation Announces Final Results of Modified Dutch Auction Tender Offer - PRNewswire
Verso Corporation Announces Final Results of Modified Dutch Auction Tender Offer  PRNewswire

Corry auto auction 75 years in the running | News | thecorryjournal.com - thecorryjournal.com
Corry auto auction 75 years in the running | News | thecorryjournal.com  thecorryjournal.com

Enel wins 41 MW at the fifth Italian GSE auction, split between new renewable capacity and refurbishments - pv magazine International
Enel wins 41 MW at the fifth Italian GSE auction, split between new renewable capacity and refurbishments  pv magazine International

Mischievous postman’s stash of 20 classic Pontiac Trans Ams up for auction - Yahoo News
Mischievous postman’s stash of 20 classic Pontiac Trans Ams up for auction  Yahoo News

State plans to auction off two ag land parcels in Caldwell for development - Idaho Press-Tribune
State plans to auction off two ag land parcels in Caldwell for development  Idaho Press-Tribune

Mispillion Art League accepting silent auction bids until June 19 - CapeGazette.com
Mispillion Art League accepting silent auction bids until June 19  CapeGazette.com

Social Auction App SuperBid Enters The Ring With Logan Paul And Floyd Mayweather In Their Upcoming Fight - PRNewswire
Social Auction App SuperBid Enters The Ring With Logan Paul And Floyd Mayweather In Their Upcoming Fight  PRNewswire

Google ditches pay-to-play Android search choice auction for free version after EU pressure - TechCrunch
Google ditches pay-to-play Android search choice auction for free version after EU pressure  TechCrunch

MBS Live Recap: Strong 10yr Auction Reinforces Friendly Trend - Mortgage News Daily
MBS Live Recap: Strong 10yr Auction Reinforces Friendly Trend  Mortgage News Daily

B-Line Towing-Auction Notice - Tacoma Daily News
B-Line Towing-Auction Notice  Tacoma Daily News

Rookie card of Tampa Bay Buccaneers QB Tom Brady sells for record $3.107 million at auction - ESPN
Rookie card of Tampa Bay Buccaneers QB Tom Brady sells for record $3.107 million at auction  ESPN

Sotheby's Stuart Weitzman Coin Auction $32M USD | HYPEBEAST - HYPEBEAST
Sotheby's Stuart Weitzman Coin Auction $32M USD | HYPEBEAST  HYPEBEAST

New Canaan home in Jennifer Dulos case up for auction - The Advocate
New Canaan home in Jennifer Dulos case up for auction  The Advocate

Sale of Museum Paintings Helps Conclude Strong Auction Season - The New York Times
Sale of Museum Paintings Helps Conclude Strong Auction Season  The New York Times

Hulman auction expands to three days | Local News | tribstar.com - Terre Haute Tribune Star
Hulman auction expands to three days | Local News | tribstar.com  Terre Haute Tribune Star

'Charlie Bit Me' Will Remain On YouTube After NFT Auction Switcheroo - NPR
'Charlie Bit Me' Will Remain On YouTube After NFT Auction Switcheroo  NPR

Fitz Towing-POLICE AND PRIVATE IMPOUND AUCTION - Tacoma Daily News
Fitz Towing-POLICE AND PRIVATE IMPOUND AUCTION  Tacoma Daily News

8 Artists Who Had Breakout Moments This Spring Auction Season - Artsy
8 Artists Who Had Breakout Moments This Spring Auction Season  Artsy

UC Berkeley's Nobel NFT auction set for noon PDT on June 7 - UC Berkeley
UC Berkeley's Nobel NFT auction set for noon PDT on June 7  UC Berkeley

Matejko masterpiece goes for whopping PLN 5.5 mln at auction - The First News
Matejko masterpiece goes for whopping PLN 5.5 mln at auction  The First News

Florida doctor’s sports card collection expected to set records at auction - USA TODAY
Florida doctor’s sports card collection expected to set records at auction  USA TODAY

Michigan DNR to auction 10 properties, including waterfront Torch Lake land: What to know - Detroit Free Press
Michigan DNR to auction 10 properties, including waterfront Torch Lake land: What to know  Detroit Free Press

Arizona site auctions postponed again; Austin likely landing spot for Samsung, reports say - Phoenix Business Journal - Phoenix Business Journal
Arizona site auctions postponed again; Austin likely landing spot for Samsung, reports say - Phoenix Business Journal  Phoenix Business Journal

Sauk Centre Area Auction • Thursday, June 3 | Auctions - ECM Publishers
Sauk Centre Area Auction • Thursday, June 3 | Auctions  ECM Publishers

World's largest collector-car auction company to debut event in Tulsa this weekend with 600 vehicles - Tulsa World
World's largest collector-car auction company to debut event in Tulsa this weekend with 600 vehicles  Tulsa World

Barrett-Jackson Selling Every Car With No Reserve at Las Vegas Auction - The Drive
Barrett-Jackson Selling Every Car With No Reserve at Las Vegas Auction  The Drive

CNBC's 'Haines Bottom' NFT just sold at auction for over $61,000 - CNBC
CNBC's 'Haines Bottom' NFT just sold at auction for over $61,000  CNBC

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