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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
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TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Fri. December / 08 / 2023

Hemingway, Jack London and Unabomber Typewriters Go to Auction - The New York Times
Hemingway, Jack London and Unabomber Typewriters Go to Auction  The New York Times

Thom Browne Curates a Selection of Sotheby’s American Art and Design Auctions Next Month - Barron's
Thom Browne Curates a Selection of Sotheby’s American Art and Design Auctions Next Month  Barron's

Victorian-era 'vampire slaying kit' with wooden stake, holy water and crucifix hidden in Bible hits auction block - New York Post
Victorian-era 'vampire slaying kit' with wooden stake, holy water and crucifix hidden in Bible hits auction block  New York Post

‘Clip for a Cause’ auctions unique item to raise money for Topeka organization - WIBW
‘Clip for a Cause’ auctions unique item to raise money for Topeka organization  WIBW

Auction listing for erotic Rembrandt etching comes with explicit-content warning - CNN
Auction listing for erotic Rembrandt etching comes with explicit-content warning  CNN

Wyoming holds off on auctioning huge piece of pristine land inside Grand Teton - ABC News
  1. Wyoming holds off on auctioning huge piece of pristine land inside Grand Teton  ABC News
  2. Wyoming may auction off huge piece of pristine land inside Grand Teton  The Associated Press
  3. Wyoming leaders threaten to auction off one square-mile of beautiful Grand Teton National Park to highest-bidd  Daily Mail

Winter Meetings Charity Auction 2023 to support SU2C - MLB.com
Winter Meetings Charity Auction 2023 to support SU2C  MLB.com

Bankrupt Trucking Firm Yellow Auctions Off 75% of Properties - PYMNTS.com
Bankrupt Trucking Firm Yellow Auctions Off 75% of Properties  PYMNTS.com

Auction will include real estate, wood mills, machines from closed central Pa. factory - PennLive
Auction will include real estate, wood mills, machines from closed central Pa. factory  PennLive

Who Will Sign These Uncapped Players? - Rediff.com
Who Will Sign These Uncapped Players?  Rediff.com

Brazil's priciest power transmission auction expects few bidders - Reuters
Brazil's priciest power transmission auction expects few bidders  Reuters

2nd of 2 designer purse auctions to benefit NCPPC - WWNY
2nd of 2 designer purse auctions to benefit NCPPC  WWNY

Association Antoine Alléno | Private charity auctions | Christie's - Christie's
Association Antoine Alléno | Private charity auctions | Christie's  Christie's

New Mexico delinquent property tax auctions set for December 2023 - KRQE News 13
New Mexico delinquent property tax auctions set for December 2023  KRQE News 13

Bakken, Permian Take Spotlight in Quarterly Federal Oil, Natural Gas Auctions - Natural Gas Intelligence
Bakken, Permian Take Spotlight in Quarterly Federal Oil, Natural Gas Auctions  Natural Gas Intelligence

UP Children’s Museum hosts 20th annual Celebrity Art Auction - WLUC
UP Children’s Museum hosts 20th annual Celebrity Art Auction  WLUC

From fields to funds: Farm equipment auction raises money for UNK student scholarships - University of Nebraska at Kearney
From fields to funds: Farm equipment auction raises money for UNK student scholarships  University of Nebraska at Kearney

The U.S. Treasury has announced their coupon auctions for next week - ForexLive
The U.S. Treasury has announced their coupon auctions for next week  ForexLive

'Clip for a Cause' auctions unique item to raise money for Topeka organization - WIBW
'Clip for a Cause' auctions unique item to raise money for Topeka organization  WIBW

The growing role of non-price criteria in offshore wind auctions - EURACTIV
The growing role of non-price criteria in offshore wind auctions  EURACTIV

Galaxy Auctions Current Auction Ends December 16, 2023 – Auction Report - Auction Report
Galaxy Auctions Current Auction Ends December 16, 2023 – Auction Report  Auction Report

Game-Worn Travis Kelce Jersey Sells For $36,905—And The Auction House Is Thanking Taylor Swift - Forbes
Game-Worn Travis Kelce Jersey Sells For $36,905—And The Auction House Is Thanking Taylor Swift  Forbes

Pamela Anderson’s Sky-High ‘V.I.P.’ Heels Soar in Julian’s Auctions’ ‘Robots, Wizards, Heroes, & Aliens’ Auction - Footwear News
Pamela Anderson’s Sky-High ‘V.I.P.’ Heels Soar in Julian’s Auctions’ ‘Robots, Wizards, Heroes, & Aliens’ Auction  Footwear News

Barrett-Jackson ushers in event season with Scottsdale auction | Scottsdale Independent - Daily Independent
Barrett-Jackson ushers in event season with Scottsdale auction | Scottsdale Independent  Daily Independent

Eric Nadel's microphone, handwritten script for World Series final out up for auction to benefit DFW mental health center - WFAA.com
Eric Nadel's microphone, handwritten script for World Series final out up for auction to benefit DFW mental health center  WFAA.com

Qatar's Barclays sell-down highlights lost art of risk auctions - GlobalCapital
Qatar's Barclays sell-down highlights lost art of risk auctions  GlobalCapital

Menu signed by China's Chairman Mao sells at auction for $275K - Fox News
Menu signed by China's Chairman Mao sells at auction for $275K  Fox News

Camp CaPella’s 4th annual online holiday auction underway through Sunday - WABI
Camp CaPella’s 4th annual online holiday auction underway through Sunday  WABI

OTBO Stallion Season Auction Set for Dec. 14-15 - Thoroughbred Daily News
OTBO Stallion Season Auction Set for Dec. 14-15  Thoroughbred Daily News

News Flash • Rock Island Auction Company Opens Bedford Facil - Calendar • Bedford TX • CivicEngage
News Flash • Rock Island Auction Company Opens Bedford Facil  Calendar • Bedford TX • CivicEngage

Mecum’s 30th Anniversary Kansas City Auction Hits A Record $16.3M In Sales - duPont REGISTRY
Mecum’s 30th Anniversary Kansas City Auction Hits A Record $16.3M In Sales  duPont REGISTRY

Yellow Corp Auction: A $1.9 Billion Industry Reshuffle – 2023 Insights - Tank Transport Trader
Yellow Corp Auction: A $1.9 Billion Industry Reshuffle – 2023 Insights  Tank Transport Trader

The World's Rarest Bourbon And Rye Releases Are Up For Auction This Weekend - Forbes
The World's Rarest Bourbon And Rye Releases Are Up For Auction This Weekend  Forbes

Auctions: Editors' Picks: The New York Fantasy Auction Draft - HODINKEE
Auctions: Editors' Picks: The New York Fantasy Auction Draft  HODINKEE

Alex Ovechkin and MSE Foundation Launch Gr802 Auction, with Proceeds Funding Ovechkin Legacy Ball Hockey Rink ... - NHL.com
Alex Ovechkin and MSE Foundation Launch Gr802 Auction, with Proceeds Funding Ovechkin Legacy Ball Hockey Rink ...  NHL.com

Sotheby's Pioneers Bitcoin Ordinals NFT Auction - CryptoCoin.News
Sotheby's Pioneers Bitcoin Ordinals NFT Auction  CryptoCoin.News

Vermilion County Surplus Property Auction Set for Mon Dec 11th, 6 PM, at VFW Post #728 on Pine Street - Vermilion County First
Vermilion County Surplus Property Auction Set for Mon Dec 11th, 6 PM, at VFW Post #728 on Pine Street  Vermilion County First

That Famous $5 Tutu from ‘Sex and the City’ Could Fetch $12,000 at Auction - artnet News
That Famous $5 Tutu from ‘Sex and the City’ Could Fetch $12,000 at Auction  artnet News

Put the "Fun" in Fundraising with the YMCA Charity Auction - WILX
Put the "Fun" in Fundraising with the YMCA Charity Auction  WILX

Art auction raising money for research on CASK gene disorders - CBS News
Art auction raising money for research on CASK gene disorders  CBS News

Julien’s Auctions Bidding to Join Nashville’s Music Community In 2024 - Billboard
Julien’s Auctions Bidding to Join Nashville’s Music Community In 2024  Billboard

National Museum Of Racing And Hall Of Fame Seeks Auction Items - Thoroughbred Daily News
National Museum Of Racing And Hall Of Fame Seeks Auction Items  Thoroughbred Daily News

Marvel, DC, and Star Wars Memorabilia Will Be Up for Auction - The Mary Sue
Marvel, DC, and Star Wars Memorabilia Will Be Up for Auction  The Mary Sue

Camp CaPella's 4th annual online holiday auction underway through Sunday - WABI
Camp CaPella's 4th annual online holiday auction underway through Sunday  WABI

Keep Or Auction Kelly Parcel? Decision Delayed For Another Year - Cowboy State Daily
Keep Or Auction Kelly Parcel? Decision Delayed For Another Year  Cowboy State Daily

The Expansion of the CRE Auction Process - Connect CRE
The Expansion of the CRE Auction Process  Connect CRE

Region/state roundup: Third annual Keepers Cup Futsal Tournament and Silent Auction is this weekend in Newport ... - The Virginian-Pilot
Region/state roundup: Third annual Keepers Cup Futsal Tournament and Silent Auction is this weekend in Newport ...  The Virginian-Pilot

Wyoming has been daring the Feds to buy priceless Grand Teton lands for a decade by threatening an auction. Now it’s asking $80 million - Fortune
Wyoming has been daring the Feds to buy priceless Grand Teton lands for a decade by threatening an auction. Now it’s asking $80 million  Fortune

Southern MN auction company launches new online platform, state-of-the art software - KEYC
Southern MN auction company launches new online platform, state-of-the art software  KEYC

XL-PEO hosts’ Christmas Tree Auction to benefit Myrtle Beach Wildlife Rescue Center - WMBF
XL-PEO hosts’ Christmas Tree Auction to benefit Myrtle Beach Wildlife Rescue Center  WMBF

Bankrupt Amyris auctions off four beauty brands - Cosmetics Business
Bankrupt Amyris auctions off four beauty brands  Cosmetics Business

Steve Jobs $4.01 check to RadioShack sold for $46,063 at auction - AppleInsider
Steve Jobs $4.01 check to RadioShack sold for $46,063 at auction  AppleInsider

Ten-X: Auction Sellers Get More Realistic About Pricing - Globe St.
Ten-X: Auction Sellers Get More Realistic About Pricing  Globe St.

Boys & Girls Club auction Friday at Love Civic Center - Paris News
Boys & Girls Club auction Friday at Love Civic Center  Paris News

Sotheby's Announces Auction of Bitcoin-Based 'Bitcoinshrooms' Collection – Bitcoin News - Bitcoin.com News
Sotheby's Announces Auction of Bitcoin-Based 'Bitcoinshrooms' Collection – Bitcoin News  Bitcoin.com News

OTBO to Host Select Stallion Season Auction Dec. 14-15 - BloodHorse.com
OTBO to Host Select Stallion Season Auction Dec. 14-15  BloodHorse.com

Vikings to auction off game-worn cleats for charity - Minnesota News Network -
Vikings to auction off game-worn cleats for charity  Minnesota News Network -

3rd Annual ASCAP Foundation Holiday Auction Kicks Off Online - Music Connection Magazine
3rd Annual ASCAP Foundation Holiday Auction Kicks Off Online  Music Connection Magazine

GoDaddy auctions NameFind domains, adds .io and .xyz to Fast Transfer - Domain Name Wire
GoDaddy auctions NameFind domains, adds .io and .xyz to Fast Transfer  Domain Name Wire

Mimi Fishman Foundation Adds Signed Phish Coventry Poster to Online Auction - jambands.com
Mimi Fishman Foundation Adds Signed Phish Coventry Poster to Online Auction  jambands.com

Little Yellow Dog Auction noon Saturday at Ho-Chunk Centre - Sioux City Journal
Little Yellow Dog Auction noon Saturday at Ho-Chunk Centre  Sioux City Journal

Sotheby's New York to Auction - HODINKEE
Sotheby's New York to Auction  HODINKEE

Former Shopko headquarters in Ashwaubenon listed for auction, starting at $3.5m - Fox11online.com
Former Shopko headquarters in Ashwaubenon listed for auction, starting at $3.5m  Fox11online.com

Johnny Carson’s 1981 DeLorean DMC-12 Auction - Yahoo
Johnny Carson’s 1981 DeLorean DMC-12 Auction  Yahoo

NMRHoF Seeks Auction Items for Triple Crown Fundraiser - BloodHorse.com
NMRHoF Seeks Auction Items for Triple Crown Fundraiser  BloodHorse.com

74th Annual Boys & Girls Club Auction to be held at Love Civic Center on Dec. 8 - MyParisTexas.com
74th Annual Boys & Girls Club Auction to be held at Love Civic Center on Dec. 8  MyParisTexas.com

BitcoinShrooms: An Ordinals Auction - Sotheby's
BitcoinShrooms: An Ordinals Auction  Sotheby's

Shop on a Budget at the Seized Asset Auction on December 10 • Coral Springs Talk - Coral Springs Talk
Shop on a Budget at the Seized Asset Auction on December 10 • Coral Springs Talk  Coral Springs Talk

Kelly parcel auction tabled until Fall 2024 - Buckrail
Kelly parcel auction tabled until Fall 2024  Buckrail

Wyoming officials vote to table Kelly parcel auction, explore trade for oil, gas rights - Jackson Hole News&Guide
Wyoming officials vote to table Kelly parcel auction, explore trade for oil, gas rights  Jackson Hole News&Guide

Slew of vehicles on offer at SAPD asset auction - KSAT San Antonio
Slew of vehicles on offer at SAPD asset auction  KSAT San Antonio

Penny Pitch 2023 Auction Items - WOWO
Penny Pitch 2023 Auction Items  WOWO

Auction House Sotheby's Announces First Sale of Bitcoin Ordinals Collection - Decrypt
Auction House Sotheby's Announces First Sale of Bitcoin Ordinals Collection  Decrypt

Rare Mid-Century Modern Home in Rural Pennsylvania Heads to Auction - Mansion Global
Rare Mid-Century Modern Home in Rural Pennsylvania Heads to Auction  Mansion Global

Artnet Auctions Specialists Discuss Their Favorite Lots From the Final Cut Sale - artnet News
Artnet Auctions Specialists Discuss Their Favorite Lots From the Final Cut Sale  artnet News

The 23 Most Expensive Cars Ever Sold at Auction, From Ferraris to Jaguars - Robb Report
The 23 Most Expensive Cars Ever Sold at Auction, From Ferraris to Jaguars  Robb Report

Seven Hills Country Club near Hartville will be sold at an auction - Canton Repository
Seven Hills Country Club near Hartville will be sold at an auction  Canton Repository

Messi's World Cup jerseys bring in millions at auction - NPR
Messi's World Cup jerseys bring in millions at auction  NPR

December to Remember Designer Purse Auction - Watertown - WWNY
December to Remember Designer Purse Auction - Watertown  WWNY

Bankrupt Yellow suspends auction of 147 leased terminals until Dec. 18 - JOC.com
Bankrupt Yellow suspends auction of 147 leased terminals until Dec. 18  JOC.com

Sotheby’s Will Spotlight Nike Sneakers & Memorabilia in New ‘Emergence’ Auction - Footwear News
Sotheby’s Will Spotlight Nike Sneakers & Memorabilia in New ‘Emergence’ Auction  Footwear News

Auctions avoided with advance payment of 10% of debt - Kathimerini English Edition
Auctions avoided with advance payment of 10% of debt  Kathimerini English Edition

Northeast Ohio golf course heading to auction - Golfweek
Northeast Ohio golf course heading to auction  Golfweek

Items worth an estimated $350,000 from Connor Quay home in online auction - corneliustoday.com
Items worth an estimated $350,000 from Connor Quay home in online auction  corneliustoday.com

Digital Art Auction - Christie's
Digital Art Auction  Christie's

Artesia General Hospital Tree Lighting Ceremony and Auction - Artesia Daily Press
Artesia General Hospital Tree Lighting Ceremony and Auction  Artesia Daily Press

Can IPL do away with auctions and follow football-like transfer windows? - India Today - India Today
Can IPL do away with auctions and follow football-like transfer windows? - India Today  India Today

Kroger raffling Pappy Van Winkle, other rare Kentucky bourbons in online auction - Lexington Herald Leader
Kroger raffling Pappy Van Winkle, other rare Kentucky bourbons in online auction  Lexington Herald Leader

Fruit spread-famous Smucker family to auction off home in iconic NYC building - New York Post
Fruit spread-famous Smucker family to auction off home in iconic NYC building  New York Post

‘Dallas’ star Patrick Duffy’s giant Oregon ranch to sell at auction - New York Post
‘Dallas’ star Patrick Duffy’s giant Oregon ranch to sell at auction  New York Post

More than 450 vehicles up for grabs at Pennsylvania auction - WTAJ - www.wtaj.com
More than 450 vehicles up for grabs at Pennsylvania auction  WTAJ - www.wtaj.com

Iconic ‘Sex and the City’ Costume, Princess Diana Dress To Hit Auction Block (Exclusive) - Hollywood Reporter
Iconic ‘Sex and the City’ Costume, Princess Diana Dress To Hit Auction Block (Exclusive)  Hollywood Reporter

MWA Auctions Illinois Farm for $14.9 Million - Business Wire
MWA Auctions Illinois Farm for $14.9 Million  Business Wire

From Andy Warhol's Patek Philippe to Ultra-Rare Cartiers, 11 Bonkers Watches Heading to Auction This Month - Robb Report
From Andy Warhol's Patek Philippe to Ultra-Rare Cartiers, 11 Bonkers Watches Heading to Auction This Month  Robb Report

Sotheby's Launches First Bitcoin Ordinals-based NFT Auction - Cryptonews
Sotheby's Launches First Bitcoin Ordinals-based NFT Auction  Cryptonews

BDR's New "Holiday Auction" Offers A Chance To Help - ADVrider
BDR's New "Holiday Auction" Offers A Chance To Help  ADVrider

Babe Ruth 1914 minor league trading card hits hefty $7.2M at auction, falls short of hoped-for grand slam - Fox Business
Babe Ruth 1914 minor league trading card hits hefty $7.2M at auction, falls short of hoped-for grand slam  Fox Business

2023 New York Watch Auction Preview - HODINKEE
2023 New York Watch Auction Preview  HODINKEE

44m Benetti motor yacht The Star for auction - Boat International
44m Benetti motor yacht The Star for auction  Boat International

Three-Armed Woman Featured in Racy Rembrandt Sketch Featured in Christie's Auction - The Messenger
Three-Armed Woman Featured in Racy Rembrandt Sketch Featured in Christie's Auction  The Messenger

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