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Selling through Auction Marketplaces


Consumers are increasingly feeling more comfortable in buying products through the Internet. According to a report released recently by the Department of Commerce first-quarter retail sales rose 23.8 percent to US$ 19.8 billion in the United States from US$ 16 billion a year ago. E-commerce sales during the first quarter of 2005 rose 6.4 percent from the fourth quarter of last year. Forrester Research estimated that 2005 online retail sales will increase at a pace of 22 percent. Today, a third of all households in US make at least one purchase online within a year, a figure which will grow to almost 40 percent by 2009, predicts Forrester. As a seller, this strong growth of online sales means that you have to put considerable stress on your Internet sales endeavor if you are not doing this as yet.

According to statistics compiled for the Internet Retailer Top 400 Guide, the top retailers in 2004 garnered combined online sales of more than US$ 51 billion, which accounts for 58.3 percent of all US Internet sales. The growth in online sales is quite impressive for large retailers. J.C. Penny Co. Inc., for example, reported a 35 percent year-over-year rise of online sales in May, 2005. Can new online ventures boast same type of significant growth? Unfortunately, not!

Each day, there are thousands of new companies are setting up shops on the Internet trying to sell every conceivable type of products and services. Most of these websites do not attract enough visitors to make them profitable. Competition on the Internet is fierce! Internet marketing campaigns are becoming increasing expensive. Many small companies can't afford to spend money required to promote their sites. So, what are the options available for a small company with modest product range to thrive on the Internet? One of the best sales channels, in my opinion, on the Internet by far is auction marketplaces. Of course, no matter what, you will still need to promote your website with all the methods you can master. However, selling your products and services through established auction marketplaces has its own advantage.

eBay

With 63.8 million unique visitors hitting the auction site only in April of this year, eBay has established itself as the largest marketplace on earth. In 2004 alone US$ 34.2 billion worth of merchandize exchange hands on eBay. Presently, the site has around 135 million registered users in 32 markets worldwide.

With such a vast community of buyers and sellers, eBay should be your number one choice for selling your products or services online. On the eBay you can sell any kind of item. The varieties of stuffs people are selling through eBay are mind boggling! At any given time there are over 29 million items displayed on eBay. The number of new items added each day exceeds 3.5 million. However, still many offline sellers perceive eBay as an auction site for mainly collectible items. They can't be more wrong! The largest selling category on the eBay is, believe it or not, automobile and accessories, which comprises of almost 22 percent of all sales. I have, personally, bought three luxury cars over the course of last two years through eBay and I have nothing to complain about.

As a seller on the eBay, the biggest advantage that you gain is the possibility of becoming from a local merchant to an international player over night. If you are already selling merchandize to consumers online or offline, eBay gives you an additional sales channel without any extra cost. If you are planning to begin selling goods or services through the Internet, eBay allows you to start your business online quickly and with minimum expenses.

Yahoo

You may have difficulty in imagining the biggest portal on our planet as a marketplace, in some countries, like Japan and Canada, Yahoo auction is, actually, doing better than eBay. In the US market Yahoo has just announced its intention to eliminate fees charged for using its auction site. This is a good news for even many eBay power sellers. Some of them will definitely move to Yahoo in a bid to save on high fees charged by eBay. The good thing about Yahoo is slowly it is becoming a major hub for many small business web stores. As a matter of fact, according to Yahoo, every eighth online store is now hosted by Yahoo.

Amazon

Amazon, may be is not as popular as eBay or Yahoo as far as auction marketplace is concerned, however, many auctioneers claim that some of the products sell better on Amazon than any other auction marketplace.

Why should you consider selling through auction marketplaces?

Here are some reasons, why auction marketplaces are viable sales channel for businesses:

? The auction marketplaces are very popular and each of them has huge community of buyers and sellers.

? There is virtually no start-up cost involved.

? No extra overhead is required.

? You really don't have to set up a website to start selling.

? Easy to learn.

While determining what to sell through auction marketplaces, choose your products very carefully. Don't try to sell products like DVD, cellular phones and similar common items. There are way too many people are trying to sell those products. Do your research before jumping into online auctions. Go through the categories of your choice. See how your competitors are doing. Check out the listings of sold items. For how much the products you intend to list are getting sold for? What keywords your prospective competitors are using to market these products? On which auction site these products are selling better?

Go with the trend! Travel, cosmetics and jewelry sales are expected to do better than other categories of e-commerce in coming years. In every category of goods and services you will find a niche, which is doing fairly well. All you have to do is find that niche by making extensive and thorough research!

Selling through auction marketplaces like any other business process requires sound judgment and careful planning. Be sure to use them before starting your online sales.

Nowshade Kabir, is the founder, primary developer and present CEO of Rusbiz.com - a Global B2B Exchange with solutions to create e-catalog, Web store, business process management and other features to run a business online. You can read various articles written by Nowshade Kabir at http://ezine.rusbiz.com.


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Sat. August / 13 / 2022

Sullivan Auctioneers and BigIron Auctions together allow for growth in online auction market - Geneseo Republic
Sullivan Auctioneers and BigIron Auctions together allow for growth in online auction market  Geneseo Republic

DNR to hold 2 online confiscated equipment auctions : Aug 8, 2022 | News release - MN DNR
DNR to hold 2 online confiscated equipment auctions : Aug 8, 2022 | News release  MN DNR

Miles Burks Auctions Webtoon Comic Encore! To HarperAlley - Bleeding Cool News
Miles Burks Auctions Webtoon Comic Encore! To HarperAlley  Bleeding Cool News

DNR plans two auctions of confiscated equipment | News Brief | crowrivermedia.com - Crow River Media
DNR plans two auctions of confiscated equipment | News Brief | crowrivermedia.com  Crow River Media

ACV Auctions Inc. (NASDAQ:ACVA) Just Reported Earnings, And Analysts Cut Their Target Price - Nasdaq
ACV Auctions Inc. (NASDAQ:ACVA) Just Reported Earnings, And Analysts Cut Their Target Price  Nasdaq

Grand Prix Tampa auctions off memorabilia - Bay News 9
Grand Prix Tampa auctions off memorabilia  Bay News 9

Student-housing complex up for auction | News, Sports, Jobs - Youngstown Vindicator
Student-housing complex up for auction | News, Sports, Jobs  Youngstown Vindicator

Author Joan Didion’s Estate Is Heading to Auction - Architectural Digest
Author Joan Didion’s Estate Is Heading to Auction  Architectural Digest

Kentucky’s Distillers Are Auctioning Off Vintage Bourbons to Benefit the State’s Flood Victims - Robb Report
Kentucky’s Distillers Are Auctioning Off Vintage Bourbons to Benefit the State’s Flood Victims  Robb Report

The Monterey Car Week Auctions Could Bring in a Record $398 Million in Sales - Robb Report
The Monterey Car Week Auctions Could Bring in a Record $398 Million in Sales  Robb Report

Detroit police auctioning off cars, trucks, RV, and more -- See the auction schedule here - FOX 2 Detroit
Detroit police auctioning off cars, trucks, RV, and more -- See the auction schedule here  FOX 2 Detroit

Auction Partnerships - Artsy
Auction Partnerships  Artsy

Online Watch Auctions Go Deeper Into Luxury Territory - The New York Times
Online Watch Auctions Go Deeper Into Luxury Territory  The New York Times

ICE to Host Auctions of Nature Based Carbon Removal Credits for GreenTrees - Business Wire
ICE to Host Auctions of Nature Based Carbon Removal Credits for GreenTrees  Business Wire

Ace's Dr. Fate, Flash Lightning in Sure-Fire Comics #1, Up for Auction - Bleeding Cool News
Ace's Dr. Fate, Flash Lightning in Sure-Fire Comics #1, Up for Auction  Bleeding Cool News

Bid On a Piece of Racing History: The Newman/Haas IndyCar Collection Is Slated For Auction - Jalopnik
Bid On a Piece of Racing History: The Newman/Haas IndyCar Collection Is Slated For Auction  Jalopnik

China auctions 6k mt of soybeans at low 1.3% clearance rate - AgriCensus
China auctions 6k mt of soybeans at low 1.3% clearance rate  AgriCensus

Hitler's watch sells for $1.1 million at Alexander Historical Auctions - The Washington Post
Hitler's watch sells for $1.1 million at Alexander Historical Auctions  The Washington Post

Bobby Bonilla's famous deferred contract agreement with Mets sells at auction for $180000 - CBS Sports
Bobby Bonilla's famous deferred contract agreement with Mets sells at auction for $180000  CBS Sports

What to Know About a Car Auction | Chase - Chase News & Stories
What to Know About a Car Auction | Chase  Chase News & Stories

America's Auto Auction seeks to serve clients on a broader geographic basis - Auto Remarketing
America's Auto Auction seeks to serve clients on a broader geographic basis  Auto Remarketing

CORRECTION to Terms for Nykredit's and Totalkredit's auctions - GlobeNewswire
CORRECTION to Terms for Nykredit's and Totalkredit's auctions  GlobeNewswire

STORAGE AUCTIONS - Columbia Star
STORAGE AUCTIONS  Columbia Star

AUCTION PREVIEWS Sun., Aug. 14th Commercial Lake front Real Estate - NNY360
AUCTION PREVIEWS Sun., Aug. 14th Commercial Lake front Real Estate  NNY360

Mike Ditka's Super Bowl sweater up for auction - CBS Chicago
Mike Ditka's Super Bowl sweater up for auction  CBS Chicago

Hartselle Police Department hosting silent auction for injured Sergeant - WHNT News 19
Hartselle Police Department hosting silent auction for injured Sergeant  WHNT News 19

Senators’ new bill expands meat processing to auctions - AGDAILY
Senators’ new bill expands meat processing to auctions  AGDAILY

Unclaimed collectibles for auction at WV State Fair - WBOY.com
Unclaimed collectibles for auction at WV State Fair  WBOY.com

Skeleton of a Gorgosaurus Sells at Auction for $6.1 Million - The New York Times
Skeleton of a Gorgosaurus Sells at Auction for $6.1 Million  The New York Times

More than 200 collectables up for auction from North Tampa's vintage village 'Gallopsville' - FOX 13 Tampa
More than 200 collectables up for auction from North Tampa's vintage village 'Gallopsville'  FOX 13 Tampa

Brooklyn's Weekly Foreclosure Auctions: Who Goes and Why? - Curbed
Brooklyn's Weekly Foreclosure Auctions: Who Goes and Why?  Curbed

BigIron Auctions to acquire Sullivan Auctioneers - Successful Farming
BigIron Auctions to acquire Sullivan Auctioneers  Successful Farming

Paintings by college-age Andy Warhol put on auction block by Warhola family - MarketWatch
Paintings by college-age Andy Warhol put on auction block by Warhola family  MarketWatch

Auctions: Drop in Bay of Plenty properties selling under the hammer - Bay of Plenty Times
Auctions: Drop in Bay of Plenty properties selling under the hammer  Bay of Plenty Times

Former NBA player Slava Medvedenko auctions championship rings for Ukraine - NBA.com
Former NBA player Slava Medvedenko auctions championship rings for Ukraine  NBA.com

Oakland, Macomb county foreclosure auctions move online - Crain's Detroit Business
Oakland, Macomb county foreclosure auctions move online  Crain's Detroit Business

Large Animal Auctions and Showmanship Sweepstakes highlight Friday at the Fair - WTVB
Large Animal Auctions and Showmanship Sweepstakes highlight Friday at the Fair  WTVB

Gala auction helps fund next 50 years at Alabama Shakespeare Festival - Montgomery Advertiser
Gala auction helps fund next 50 years at Alabama Shakespeare Festival  Montgomery Advertiser

Rose Bowl Commemorates Saturday's Centennial Celebration With Silent and Live Auctions - Pasadena Now
Rose Bowl Commemorates Saturday's Centennial Celebration With Silent and Live Auctions  Pasadena Now

Porsche 911 Sally Special Heads to Monterey Auction - autoweek.com
Porsche 911 Sally Special Heads to Monterey Auction  autoweek.com

5 Top Cars And Bids Auctions Of The Week (August 1) - HotCars
5 Top Cars And Bids Auctions Of The Week (August 1)  HotCars

Mecum Auctions sets new record for event in Harrisburg - WGAL Susquehanna Valley Pa.
Mecum Auctions sets new record for event in Harrisburg  WGAL Susquehanna Valley Pa.

Machinery Pete: Avalanche of Auction Price Records - Agweb Powered by Farm Journal
Machinery Pete: Avalanche of Auction Price Records  Agweb Powered by Farm Journal

Michael Jordan 1998 NBA Finals jersey could go for $5 million at auction - CNN
Michael Jordan 1998 NBA Finals jersey could go for $5 million at auction  CNN

ELITE AUCTIONS Announces August 19 Auction of Historic Mansion & Local Landmark in Suffolk, VA - PR Web
ELITE AUCTIONS Announces August 19 Auction of Historic Mansion & Local Landmark in Suffolk, VA  PR Web

Rare Apple-1 computer up for auction ‘could have been’ the one from historic moment - The Mercury News
Rare Apple-1 computer up for auction ‘could have been’ the one from historic moment  The Mercury News

REPLAYS: All the action from today’s auctions - Courier Mail
REPLAYS: All the action from today’s auctions  Courier Mail

Kenny Rogers memorabilia from estate to hit the auction block: It ‘represents his incredible legacy and life' - Fox Business
Kenny Rogers memorabilia from estate to hit the auction block: It ‘represents his incredible legacy and life'  Fox Business

Rare documents signed by presidents, historic figures hit auction block - FOX 26 Houston
Rare documents signed by presidents, historic figures hit auction block  FOX 26 Houston

Morrison's Cove Livestock Auction | Dairy Market Reports | lancasterfarming.com - Lancaster Farming
Morrison's Cove Livestock Auction | Dairy Market Reports | lancasterfarming.com  Lancaster Farming

Arlington International Racecourse to Hold a Series of Auctions - NBC Chicago
Arlington International Racecourse to Hold a Series of Auctions  NBC Chicago

Supreme Auctions To Offer Texas Hill Country CW Ranch at Auction August 30th – September 1st - EIN News
Supreme Auctions To Offer Texas Hill Country CW Ranch at Auction August 30th – September 1st  EIN News

10 must-try food stands at Root's Country Market and Auction - LNP | LancasterOnline
10 must-try food stands at Root's Country Market and Auction  LNP | LancasterOnline

Anacortes Towing Abandoned Vehicle | Auctions | goskagit.com - goskagit.com
Anacortes Towing Abandoned Vehicle | Auctions | goskagit.com  goskagit.com

Popular toy auction, based in Lancaster County, begins two-day bidding war - WPMT FOX 43
Popular toy auction, based in Lancaster County, begins two-day bidding war  WPMT FOX 43

Aug. 12, 2022: Auction Calendar - Wisconsin State Farmer
Aug. 12, 2022: Auction Calendar  Wisconsin State Farmer

Explore Three Standout Works by Charles Csuri, a Pioneer of Digital Art, Live Now on Artnet Auctions - artnet News
Explore Three Standout Works by Charles Csuri, a Pioneer of Digital Art, Live Now on Artnet Auctions  artnet News

Hunt Auctions Holds Glittery Event During Baseball’s All-Star Week In Los Angeles - Forbes
Hunt Auctions Holds Glittery Event During Baseball’s All-Star Week In Los Angeles  Forbes

Bobby Witt Jr. Prospect and Rookie Card Picks, Hottest Auctions - Sports Collectors Daily
Bobby Witt Jr. Prospect and Rookie Card Picks, Hottest Auctions  Sports Collectors Daily

Unusual Jewelry Finds Eager Buyers In Online Auctions - National Jeweler
Unusual Jewelry Finds Eager Buyers In Online Auctions  National Jeweler

Why Mecum Auctions at the Pa. Farm Show Complex is a ‘rock concert’ for car collectors - PennLive
Why Mecum Auctions at the Pa. Farm Show Complex is a ‘rock concert’ for car collectors  PennLive

Rowley Auctions accepting consignments for upcoming auction - upnorthvoice.com - Up North Voice
Rowley Auctions accepting consignments for upcoming auction - upnorthvoice.com  Up North Voice

Freshly-Stickered CAC Coins in Stack's Bowers Summer Auction - CoinWeek
Freshly-Stickered CAC Coins in Stack's Bowers Summer Auction  CoinWeek

UFC Fighter Auctions Off Used Weigh-In Underwear - MMA News
UFC Fighter Auctions Off Used Weigh-In Underwear  MMA News

2005 Cadillac CTS-V Is Our Bring a Trailer Auction Pick of the Day - Car and Driver
2005 Cadillac CTS-V Is Our Bring a Trailer Auction Pick of the Day  Car and Driver

Harrison Ford’s original Han Solo blaster ‘to fetch $500,000 at auction’ - The Guardian
Harrison Ford’s original Han Solo blaster ‘to fetch $500,000 at auction’  The Guardian

Savannah Mall sold in online auction for $8.5 million - Savannah Morning News
Savannah Mall sold in online auction for $8.5 million  Savannah Morning News

SOLAS: Rescued Twice Auction proceeds benefit SOLAS | Pets | nonpareilonline.com - The Daily Nonpareil
SOLAS: Rescued Twice Auction proceeds benefit SOLAS | Pets | nonpareilonline.com  The Daily Nonpareil

July 22, 2022: Auction Calendar - Wisconsin State Farmer
July 22, 2022: Auction Calendar  Wisconsin State Farmer

Hotels Continue to Lead CMBS Loan Auctions - Commercial Observer
Hotels Continue to Lead CMBS Loan Auctions  Commercial Observer

HiBid.com Auctions Approach $40M in Sales Last Week; Bidding Now Open for Coins, Furniture, Antiques, Collectibles, and More - PR Newswire
HiBid.com Auctions Approach $40M in Sales Last Week; Bidding Now Open for Coins, Furniture, Antiques, Collectibles, and More  PR Newswire

1994 Jaguar XJS 2+2 Is Our Bring a Trailer Auction Pick of the Day - Car and Driver
1994 Jaguar XJS 2+2 Is Our Bring a Trailer Auction Pick of the Day  Car and Driver

HiBid.com Auctions Range from Vintage Comic Books to Gold Bullion Following a $33.4 Million Week - PR Newswire
HiBid.com Auctions Range from Vintage Comic Books to Gold Bullion Following a $33.4 Million Week  PR Newswire

Body found in trunk of car sold at Lynnwood auction - KING5.com
Body found in trunk of car sold at Lynnwood auction  KING5.com

2.5 GHz auction hits $170.9M in round 15 - FierceWireless
2.5 GHz auction hits $170.9M in round 15  FierceWireless

IRS auctions off Sherwood house on 20 acres Monday with bids starting at $482,818 - OregonLive
IRS auctions off Sherwood house on 20 acres Monday with bids starting at $482,818  OregonLive

1971 Fiat 500F Jolly Clone Is Our Bring a Trailer Auction Pick of the Day - Car and Driver
1971 Fiat 500F Jolly Clone Is Our Bring a Trailer Auction Pick of the Day  Car and Driver

Family-run Wheeler Livestock Auction stays up-to-date but true to its roots - AgUpdate
Family-run Wheeler Livestock Auction stays up-to-date but true to its roots  AgUpdate

Mickey Mantle baseball card shatters record after bidding hits $7.62m - Daily Mail
Mickey Mantle baseball card shatters record after bidding hits $7.62m  Daily Mail

Fantasy Auction Strategy 2022: Best tips, advice for nominating, budgeting, & bidding - Sporting News
Fantasy Auction Strategy 2022: Best tips, advice for nominating, budgeting, & bidding  Sporting News

Adventure Sports Surplus On-Line Auction Announced - Board of Commissioners - garrettcounty.org
Adventure Sports Surplus On-Line Auction Announced - Board of Commissioners  garrettcounty.org

Siskiyou Junior Livestock Auction continues despite McKinney Fire - KOBI-TV NBC5 / KOTI-TV NBC2
Siskiyou Junior Livestock Auction continues despite McKinney Fire  KOBI-TV NBC5 / KOTI-TV NBC2

Historic Riverdale Tavern to be sold in online auction - The Morning Sun
Historic Riverdale Tavern to be sold in online auction  The Morning Sun

Unique Cartier ‘Cheich’ Watch Could Fetch $400,000 In Sotheby’s Paris Auction - Forbes
Unique Cartier ‘Cheich’ Watch Could Fetch $400,000 In Sotheby’s Paris Auction  Forbes

OpenSea Removes ENS Domain Auctions Following RIAA Complaints - Blockworks
OpenSea Removes ENS Domain Auctions Following RIAA Complaints  Blockworks

‘Realistic’ sellers cut reserve for Marrickville house by $95,000 at auction - Sydney Morning Herald
‘Realistic’ sellers cut reserve for Marrickville house by $95,000 at auction  Sydney Morning Herald

Local News Roundup: Auction at the Epicentre; CMS teacher vacancies; Airline cancellations; Optimist Hall paid parking - WFAE
Local News Roundup: Auction at the Epicentre; CMS teacher vacancies; Airline cancellations; Optimist Hall paid parking  WFAE

Stunning 1969 Chevy COPO Camaro Headed To Auction Block - GM Authority
Stunning 1969 Chevy COPO Camaro Headed To Auction Block  GM Authority

Dale Evers Studio donates to Redwings live auction - Paso Robles Daily News
Dale Evers Studio donates to Redwings live auction  Paso Robles Daily News

Gillioz Theatre hosting auction for its collection of artists’ posters - KY3
Gillioz Theatre hosting auction for its collection of artists’ posters  KY3

1949 Mercury Convertible Connected To Olivia Newton-John Heads To Auction - Yahoo Sports
1949 Mercury Convertible Connected To Olivia Newton-John Heads To Auction  Yahoo Sports

SOLD! Jr. Livestock Auction is back | News | ojaivalleynews.com - Ojai Valley News
SOLD! Jr. Livestock Auction is back | News | ojaivalleynews.com  Ojai Valley News

Mark Ruffalo, Jennifer Garner Reunite for a '13 Going on 30' Auction - Parade Magazine
Mark Ruffalo, Jennifer Garner Reunite for a '13 Going on 30' Auction  Parade Magazine

Pirates great Omar Moreno to auction 1979 World Series ring, glove for foundation - TribLIVE
Pirates great Omar Moreno to auction 1979 World Series ring, glove for foundation  TribLIVE

IDL Now Offering Opportunity to Participate in Property Sale Auctions Virtually - bigcountrynewsconnection.com
IDL Now Offering Opportunity to Participate in Property Sale Auctions Virtually  bigcountrynewsconnection.com

BCEF Auctions Off Reserved Parking at BHS – WRBI Radio - Country 103.9 WRBI
BCEF Auctions Off Reserved Parking at BHS – WRBI Radio  Country 103.9 WRBI

Missouri auctions off unclaimed property in Kansas City - WDAF FOX4 Kansas City
Missouri auctions off unclaimed property in Kansas City  WDAF FOX4 Kansas City

Ingham, Eaton counties to auction off about 80 foreclosed properties - Lansing State Journal
Ingham, Eaton counties to auction off about 80 foreclosed properties  Lansing State Journal

Idaho plans to expand auctions, adding remote bidding - KTVB.com
Idaho plans to expand auctions, adding remote bidding  KTVB.com

10-acre Bay Area estate can't find buyer, heads to auction - SFGATE
10-acre Bay Area estate can't find buyer, heads to auction  SFGATE

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