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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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TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Thu. February / 25 / 2021

Bonnette Auctions announces March 6 auction - KALB News
Bonnette Auctions announces March 6 auction  KALB News

Government Auctions to Boost Colombian Non-Conventional Renewable Energy - Fitch Ratings
Government Auctions to Boost Colombian Non-Conventional Renewable Energy  Fitch Ratings

Bethesda Auctions Chance to Design Starfield Character for Charity - IGN - IGN
Bethesda Auctions Chance to Design Starfield Character for Charity - IGN  IGN

HALO ArtReach Auction set for Friday - Jefferson City News Tribune
HALO ArtReach Auction set for Friday  Jefferson City News Tribune

Treasury Makes History With First Two-Year Note Auction Premium - Bloomberg
Treasury Makes History With First Two-Year Note Auction Premium  Bloomberg

F1 Authentics' Icons of F1 auction to include rare Schumacher and Senna items - PRNewswire
F1 Authentics' Icons of F1 auction to include rare Schumacher and Senna items  PRNewswire

RESULT OF RIKSBANK REVERSED AUCTIONS SEK COVERED BONDS - Yahoo Finance
RESULT OF RIKSBANK REVERSED AUCTIONS SEK COVERED BONDS  Yahoo Finance

Spectacular Oceanfront Florida Home to be Sold at No-Reserve Auction with Supreme Auctions - Yahoo Finance
Spectacular Oceanfront Florida Home to be Sold at No-Reserve Auction with Supreme Auctions  Yahoo Finance

Verizon pledges whopping $45B in C-band auction - FierceWireless
Verizon pledges whopping $45B in C-band auction  FierceWireless

Collector car auction coming to State Farm Stadium in March - KTAR.com
Collector car auction coming to State Farm Stadium in March  KTAR.com

Hundreds of Colorado self-storage units up for auction during pandemic - The Denver Channel
Hundreds of Colorado self-storage units up for auction during pandemic  The Denver Channel

Radwood's Auction Site Opens Next Week, Here's What to Expect - The Drive
Radwood's Auction Site Opens Next Week, Here's What to Expect  The Drive

Bailey House Hosts 2021 Gala & Auction: A Collection Of Art, Luxury Goods And One-of-a Kind Experiences Set For Multi-Platform Benefit In Support Of Bailey House - PRNewswire
Bailey House Hosts 2021 Gala & Auction: A Collection Of Art, Luxury Goods And One-of-a Kind Experiences Set For Multi-Platform Benefit In Support Of Bailey House  PRNewswire

Latest Western Climate Initiative auction sells out; still space for more climate ambition from cap and trade - Environmental Defense Fund
Latest Western Climate Initiative auction sells out; still space for more climate ambition from cap and trade  Environmental Defense Fund

NFT Art Goes Viral and Heads to Auction — But What Is It? - Hyperallergic
NFT Art Goes Viral and Heads to Auction — But What Is It?  Hyperallergic

Owners of shuttered businesses turn to online auctions to sell what’s left - fox5sandiego.com
Owners of shuttered businesses turn to online auctions to sell what’s left  fox5sandiego.com

City of San Angelo Online Auction Under Way - San Angelo LIVE!
City of San Angelo Online Auction Under Way  San Angelo LIVE!

Rarely seen Van Gogh painting exhibited ahead of auction - The Philadelphia Inquirer
Rarely seen Van Gogh painting exhibited ahead of auction  The Philadelphia Inquirer

Radiohead lyric sketchbook sells at auction for £5,000 - NME
Radiohead lyric sketchbook sells at auction for £5,000  NME

Sotheby’s to Auction Art From Texas Heiress’s Estate - The Wall Street Journal
Sotheby’s to Auction Art From Texas Heiress’s Estate  The Wall Street Journal

Award-Winning Classic 1967 Ferrari 275 GTB/4 to Cross Barrett-Jackson Scottsdale Auction Block - Business Wire
Award-Winning Classic 1967 Ferrari 275 GTB/4 to Cross Barrett-Jackson Scottsdale Auction Block  Business Wire

Black History Night Auction Featuring Special Warmup Jerseys Now Open - Washington Captials Web Site
Black History Night Auction Featuring Special Warmup Jerseys Now Open  Washington Captials Web Site

Children’s Center to hold virtual auction - KSNF/KODE - FourStatesHomepage.com
Children’s Center to hold virtual auction  KSNF/KODE - FourStatesHomepage.com

This Designer's Virtual Furniture Collection Sold for Over $450,000 at Auction - HouseBeautiful.com
This Designer's Virtual Furniture Collection Sold for Over $450,000 at Auction  HouseBeautiful.com

10-year Treasury yield surges above 1.50% after 'awful' debt auction - MarketWatch
10-year Treasury yield surges above 1.50% after 'awful' debt auction  MarketWatch

Historic Philly newspaper with iconic 'Unite or Die' masthead up for auction - PhillyVoice.com
Historic Philly newspaper with iconic 'Unite or Die' masthead up for auction  PhillyVoice.com

Take Home a Champion: Race-Winning Corvette C7.R Up for Auction - imsa.com
Take Home a Champion: Race-Winning Corvette C7.R Up for Auction  imsa.com

Southgate Crossing holds weekly auction - WNDU
Southgate Crossing holds weekly auction  WNDU

22 horses, donkeys rescued from Cookeville auction and possible slaughter pipeline - WKRN News 2
22 horses, donkeys rescued from Cookeville auction and possible slaughter pipeline  WKRN News 2

Lessons from spectrum auctions: Entner | FierceWireless - FierceWireless
Lessons from spectrum auctions: Entner | FierceWireless  FierceWireless

ACV Auctions adds to partner list with ParkMyFleet - Auto Remarketing
ACV Auctions adds to partner list with ParkMyFleet  Auto Remarketing

Station wagons from Ford family's personal collection up for auction - Detroit Free Press
Station wagons from Ford family's personal collection up for auction  Detroit Free Press

St. Louis County's online land auction nets $764,000 in sales - Duluth News Tribune
St. Louis County's online land auction nets $764,000 in sales  Duluth News Tribune

Legend Rare Coin Auctions Regency 43: Lots You Need to Know - CoinWeek
Legend Rare Coin Auctions Regency 43: Lots You Need to Know  CoinWeek

Target Auction Company Announces Auction Sale of a Luxury Estate on 6.5± Acres in Tupelo, Mississippi on March 18th - leader-call.com
Target Auction Company Announces Auction Sale of a Luxury Estate on 6.5± Acres in Tupelo, Mississippi on March 18th  leader-call.com

ADECA online state surplus property auction starts Today - WHNT News 19
ADECA online state surplus property auction starts Today  WHNT News 19

Presidents' Day Auction Offers Abraham Lincoln's Hair and Other Oddities - The New York Times
Presidents' Day Auction Offers Abraham Lincoln's Hair and Other Oddities  The New York Times

Auction starts for all Lakeside Inn memorabilia and contents - South Tahoe Now
Auction starts for all Lakeside Inn memorabilia and contents  South Tahoe Now

Ukraine state auctions seized underwear - BBC News
Ukraine state auctions seized underwear  BBC News

Auction result of Treasury Bills - RIKV 21 0615 - RIKV 21 0915 - Yahoo Finance
Auction result of Treasury Bills - RIKV 21 0615 - RIKV 21 0915  Yahoo Finance

'Extraterrestrial crystal ball' hits the auction block at Christie's - Livescience.com
'Extraterrestrial crystal ball' hits the auction block at Christie's  Livescience.com

Auction House Suspends Sale of 19th-Century Jewish Burial Records - The New York Times
Auction House Suspends Sale of 19th-Century Jewish Burial Records  The New York Times

Sotheby's Auctions Botticelli 'Young Man' Painting for $92.2 Million - The New York Times
Sotheby's Auctions Botticelli 'Young Man' Painting for $92.2 Million  The New York Times

FCC considers 3.45 GHz auction in October - RCR Wireless News
FCC considers 3.45 GHz auction in October  RCR Wireless News

$40 Million Goldin Auctions Investment Group Includes Kevin Durant, Dwyane Wade, Deshaun Watson - Beckett Media, LLC
$40 Million Goldin Auctions Investment Group Includes Kevin Durant, Dwyane Wade, Deshaun Watson  Beckett Media, LLC

Online auctions deliver on promise of pre-foreclosure sales - HousingWire
Online auctions deliver on promise of pre-foreclosure sales  HousingWire

Sotheby’s Christo Auction, Part 1, Nets $9.8 Million - The New York Times
Sotheby’s Christo Auction, Part 1, Nets $9.8 Million  The New York Times

Friends of the NCW Fair has canceled 2021 crab feed, moved auction online - wenatcheeworld.com
Friends of the NCW Fair has canceled 2021 crab feed, moved auction online  wenatcheeworld.com

Major online vehicle auction company opening location in Barberton, Norton - Akron Beacon Journal
Major online vehicle auction company opening location in Barberton, Norton  Akron Beacon Journal

Presbyterian Village Auction: One and One-Half Years Accumulation on Feb. 27 - FortScott.Biz
Presbyterian Village Auction: One and One-Half Years Accumulation on Feb. 27  FortScott.Biz

Jay-Z & D'usse Will Auction Rare Cognac Bottle to Benefit Shawn Carter Foundation - Billboard
Jay-Z & D'usse Will Auction Rare Cognac Bottle to Benefit Shawn Carter Foundation  Billboard

Rare Chesapeake Decoys Sell at Auction for up to $155K Each - Chesapeake Bay Magazine
Rare Chesapeake Decoys Sell at Auction for up to $155K Each  Chesapeake Bay Magazine

Washington County's delinquent tax auction to be held online - Johnson City Press (subscription)
Washington County's delinquent tax auction to be held online  Johnson City Press (subscription)

'We're anxious and ready to go': Columbus Public Library auction set for Saturday - Columbus Telegram
'We're anxious and ready to go': Columbus Public Library auction set for Saturday  Columbus Telegram

Items for Sale at Auctions Reflect Fear and Pandemic Losses - Spectrum News
Items for Sale at Auctions Reflect Fear and Pandemic Losses  Spectrum News

Wilkes Heritage Museum auction fundraiser is March 5-14 | News | journalpatriot.com - Wilkes Journal Patriot
Wilkes Heritage Museum auction fundraiser is March 5-14 | News | journalpatriot.com  Wilkes Journal Patriot

Akiba Antiques Will Offer Spring Fine Arts Auction in March - EIN News
Akiba Antiques Will Offer Spring Fine Arts Auction in March  EIN News

Pheasants Forever chapter is ready for Saturday night banquet, auction - Imperial Republican
Pheasants Forever chapter is ready for Saturday night banquet, auction  Imperial Republican

Christie's Beeple Auction Will Accept Ether Cryptocurrency Payment - Bloomberg
Christie's Beeple Auction Will Accept Ether Cryptocurrency Payment  Bloomberg

Under the Hood: Carroll Shelby’s ‘Cobra to End All Cobras’ Is Coming to Auction—Again - Robb Report
Under the Hood: Carroll Shelby’s ‘Cobra to End All Cobras’ Is Coming to Auction—Again  Robb Report

Cold War Relics Auction - KTLA
Cold War Relics Auction  KTLA

Most Valuable Company Profile: Auction.com - DSNews - DSNews.com
Most Valuable Company Profile: Auction.com - DSNews  DSNews.com

Burnsville drunken driving arrest ends with vintage Ferrari on the auction block - Minneapolis Star Tribune
Burnsville drunken driving arrest ends with vintage Ferrari on the auction block  Minneapolis Star Tribune

Unseen Van Gogh goes on public display before Sotheby's auction in March - Euronews
Unseen Van Gogh goes on public display before Sotheby's auction in March  Euronews

Result of the auction of treasury bills on 25 February 2021 - GlobeNewswire
Result of the auction of treasury bills on 25 February 2021  GlobeNewswire

Jackson art auction sets 35 new world records - Buckrail
Jackson art auction sets 35 new world records  Buckrail

'Perfect' whisky collection sells for more than £6m at auction - The Drinks Business
'Perfect' whisky collection sells for more than £6m at auction  The Drinks Business

Proceeds from convicted San Antonio oilman’s luxury auction will go toward fraud victims, gallery says - KSAT San Antonio
Proceeds from convicted San Antonio oilman’s luxury auction will go toward fraud victims, gallery says  KSAT San Antonio

Farewell to Napa's annual wine auction, the raucous charity bacchanal that's ended after 40 years - San Francisco Chronicle
Farewell to Napa's annual wine auction, the raucous charity bacchanal that's ended after 40 years  San Francisco Chronicle

Tesla charging cost magnified as Texas electricity auction system fuels price spike - Fox Business
Tesla charging cost magnified as Texas electricity auction system fuels price spike  Fox Business

Mark Cuban is bullish on NFTs, and they're about to go more mainstream with an auction at Christie's - CNBC
Mark Cuban is bullish on NFTs, and they're about to go more mainstream with an auction at Christie's  CNBC

Cyberpunk and Witcher hackers don’t seem to be bluffing with $1M source code auction - The Verge
Cyberpunk and Witcher hackers don’t seem to be bluffing with $1M source code auction  The Verge

Week in Review: Islands, Amar'e and Expensive Auctions - Mansion Global
Week in Review: Islands, Amar'e and Expensive Auctions  Mansion Global

Elderly Fort Collins man receives help retrieving rare Maserati engine sold from storage - The Coloradoan
Elderly Fort Collins man receives help retrieving rare Maserati engine sold from storage  The Coloradoan

Do something useful with spectrum auction proceeds - Lowenstein - FierceWireless
Do something useful with spectrum auction proceeds - Lowenstein  FierceWireless

Online surplus property auction: Alabama agency auction live Thursday - AL.com
Online surplus property auction: Alabama agency auction live Thursday  AL.com

Powell Auction & Realty, LLC - The Barton Collection – Online Auction Sale #2 Antiques - Antique Trader
Powell Auction & Realty, LLC - The Barton Collection – Online Auction Sale #2 Antiques  Antique Trader

Breathtaking meteorites to be sold at auction for thousands - Mashable
Breathtaking meteorites to be sold at auction for thousands  Mashable

Contemporary New Build in Mallorca Heads to Auction - Mansion Global
Contemporary New Build in Mallorca Heads to Auction  Mansion Global

'52 Mantle, Mahomes, MJ Rookies Push Goldin Auction Past $30... - Sports Collectors Daily
'52 Mantle, Mahomes, MJ Rookies Push Goldin Auction Past $30...  Sports Collectors Daily

114-year-old N.J. amusement park to be sold at auction - NJ.com
114-year-old N.J. amusement park to be sold at auction  NJ.com

Arts for Success auction kicks off on Feb. 22, live event on March 4 - crawfordcountynow.com
Arts for Success auction kicks off on Feb. 22, live event on March 4  crawfordcountynow.com

OA annual auction starts Wednesday – WRBI Radio - Country 103.9 WRBI
OA annual auction starts Wednesday – WRBI Radio  Country 103.9 WRBI

A $5 Gold Coin From 1822 Could Achieve $5 Million at Auction - Barron's
A $5 Gold Coin From 1822 Could Achieve $5 Million at Auction  Barron's

Nearly 700 San Diego properties up for auction | Registration now open - CBS News 8
Nearly 700 San Diego properties up for auction | Registration now open  CBS News 8

Lender Takes Control Of Miami-Area Mall With $2,600 Foreclosure Auction Credit Bid - Bisnow
Lender Takes Control Of Miami-Area Mall With $2,600 Foreclosure Auction Credit Bid  Bisnow

Treasury yields rise to end the week - CNBC
Treasury yields rise to end the week  CNBC

Vintage meets modern: A glimpse into Super Bowl LV Live Auction items - WFLA
Vintage meets modern: A glimpse into Super Bowl LV Live Auction items  WFLA

Guinness Museum holds world record auction - WGRZ.com
Guinness Museum holds world record auction  WGRZ.com

C-band auction heads to next phase - FierceWireless
C-band auction heads to next phase  FierceWireless

DJ 3LAU to Auction Full Album Tokenized on Ethereum Blockchain - CoinDesk - CoinDesk
DJ 3LAU to Auction Full Album Tokenized on Ethereum Blockchain - CoinDesk  CoinDesk

New Mexico BioPark Society to host an online auction - City of Albuquerque
New Mexico BioPark Society to host an online auction  City of Albuquerque

Humane Society conducting weeklong online auction - Seymour Tribune
Humane Society conducting weeklong online auction  Seymour Tribune

Washington’s Hair, JFK’s Harvard Sweater Among Presidential Artifacts Up For Auction - CBS Boston
Washington’s Hair, JFK’s Harvard Sweater Among Presidential Artifacts Up For Auction  CBS Boston

FCC Moves Toward Offering Another Set of 5G Airwaves at Auction - Yahoo Finance
FCC Moves Toward Offering Another Set of 5G Airwaves at Auction  Yahoo Finance

First state auto auction of 2021 set for Feb. 23 - FOX43.com
First state auto auction of 2021 set for Feb. 23  FOX43.com

Liverpool's 'Champions Wall,' Klopp's couch among lots in Melwood memorabilia auction - ESPN
Liverpool's 'Champions Wall,' Klopp's couch among lots in Melwood memorabilia auction  ESPN

Presidential Memorabilia, Including Washington's Hair, Heads to Auction - Fine Books & Collections Magazine
Presidential Memorabilia, Including Washington's Hair, Heads to Auction  Fine Books & Collections Magazine

'The future of the art market': Christie's to become first major auction house to sell a standalone NFT work of art - Art Newspaper
'The future of the art market': Christie's to become first major auction house to sell a standalone NFT work of art  Art Newspaper

LBL hosting virtual bison auction | News | tribunecourier.com - The Trib
LBL hosting virtual bison auction | News | tribunecourier.com  The Trib

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