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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. April / 13 / 2024

Celebrity Estate Sales and Auctions: 6 People Share Their Most Memorable Shopping Experiences - Architectural Digest
Celebrity Estate Sales and Auctions: 6 People Share Their Most Memorable Shopping Experiences  Architectural Digest

Piece of Rangers history breaks world record at auction - Glasgow Times
Piece of Rangers history breaks world record at auction  Glasgow Times

Score big with Sotheby's NBA game-worn memorabilia auctions - NBA.com
Score big with Sotheby's NBA game-worn memorabilia auctions  NBA.com

Exclusive | Late Designer Max Azria's Massive Compound Is Heading to Auction - The Wall Street Journal
Exclusive | Late Designer Max Azria's Massive Compound Is Heading to Auction  The Wall Street Journal

Goldin Auctions Acquired by eBay From Collectors Holdings - Sportico
Goldin Auctions Acquired by eBay From Collectors Holdings  Sportico

Former MLB pitcher Kevin Gregg’s Corvallis estate on the auction block starting at $3 million - OregonLive
Former MLB pitcher Kevin Gregg’s Corvallis estate on the auction block starting at $3 million  OregonLive

Off-White™ Nike The Ten Collection Auction Info - HYPEBEAST
Off-White™ Nike The Ten Collection Auction Info  HYPEBEAST

'I'm not so passionate about it': Winner of multimillion-dollar Gretzky card case says he's changed his mind - CBC.ca
'I'm not so passionate about it': Winner of multimillion-dollar Gretzky card case says he's changed his mind  CBC.ca

Stephen Sondheim's Personal Effects Are Going to Auction - Playbill
Stephen Sondheim's Personal Effects Are Going to Auction  Playbill

Oklahoma Turnpike Authority to auction 28 parcels of surplus land. Here's exactly where - Oklahoman.com
Oklahoma Turnpike Authority to auction 28 parcels of surplus land. Here's exactly where  Oklahoman.com

Christie’s Partners with Fintech Lender Art Money for Interest Free Payment Plans - ARTnews
Christie’s Partners with Fintech Lender Art Money for Interest Free Payment Plans  ARTnews

Public Online Auction North | Auctions | goskagit.com - goskagit.com
Public Online Auction North | Auctions | goskagit.com  goskagit.com

July 28 report: Selected Western livestock auctions | Livestock Auctions - Capital Press
July 28 report: Selected Western livestock auctions | Livestock Auctions  Capital Press

MSU's T.K. Martin Center hosts Express Yourself! Art Auction - Mississippi State University
MSU's T.K. Martin Center hosts Express Yourself! Art Auction  Mississippi State University

Path of success for Miley Realty and Auction in Galion and Bucyrus - Telegraph-Forum
Path of success for Miley Realty and Auction in Galion and Bucyrus  Telegraph-Forum

Auction Report: Mecum Houston 2024 - Hagerty Media
Auction Report: Mecum Houston 2024  Hagerty Media

Abortion rights rally and dessert auction at Glen Echo Country Club - KTVI Fox 2 St. Louis
Abortion rights rally and dessert auction at Glen Echo Country Club  KTVI Fox 2 St. Louis

Basquiat stretcher-bar painting could reach $30m during New York spring auctions - Art Newspaper
Basquiat stretcher-bar painting could reach $30m during New York spring auctions  Art Newspaper

Cattlemen's auction tallies $480K - The Troy Messenger - Troy Messenger
Cattlemen's auction tallies $480K - The Troy Messenger  Troy Messenger

Salinas Valley Fair Kickoff Dinner, Dance and Auction set for next Saturday - Salinas Valley Tribune
Salinas Valley Fair Kickoff Dinner, Dance and Auction set for next Saturday  Salinas Valley Tribune

Furry Friends raises $34000 during its annual spring auction - The Columbian
Furry Friends raises $34000 during its annual spring auction  The Columbian

Cinema for Gaza Celebrity Auction Raises Over $316,000 for Relief Efforts - Hollywood Reporter
Cinema for Gaza Celebrity Auction Raises Over $316,000 for Relief Efforts  Hollywood Reporter

CPILSA auction is live through April 20 to help law students in unpaid public interest jobs - News | Campbell University - Campbell University News
CPILSA auction is live through April 20 to help law students in unpaid public interest jobs - News | Campbell University  Campbell University News

Spellman Signature Auctions - WPRI.com
Spellman Signature Auctions  WPRI.com

Max Azria’s former estate heads to auction 9 years after first listing - Inman
Max Azria’s former estate heads to auction 9 years after first listing  Inman

Weak Demand for $39 Billion Auction Sends 10-Year Treasury Yields Near 4.6% - The Wall Street Journal
Weak Demand for $39 Billion Auction Sends 10-Year Treasury Yields Near 4.6%  The Wall Street Journal

CARLS TOWING ABANDONED VEHICLE | Auctions | goskagit.com - goskagit.com
CARLS TOWING ABANDONED VEHICLE | Auctions | goskagit.com  goskagit.com

Corvette Auction Preview: Carlisle Auctions' Spring Sale is April 18th and 19th - Corvette: Sales, News & Lifestyle - Corvette Blogger
Corvette Auction Preview: Carlisle Auctions' Spring Sale is April 18th and 19th - Corvette: Sales, News & Lifestyle  Corvette Blogger

Highest Treasury Yields of Year Fail to Tempt Buyers to Auction - Bloomberg
Highest Treasury Yields of Year Fail to Tempt Buyers to Auction  Bloomberg

Silent Auction to benefit translation expenses and the general Annual Conference budget – News - Church of the Brethren Newsline
Silent Auction to benefit translation expenses and the general Annual Conference budget – News  Church of the Brethren Newsline

Christie's to Auction $30 Million Basquiat Stretcher-Bar Painting - The Collector
Christie's to Auction $30 Million Basquiat Stretcher-Bar Painting  The Collector

U.S. Treasury auctions off $39 billion of 10 year notes at a high yield of 4.56% - ForexLive
U.S. Treasury auctions off $39 billion of 10 year notes at a high yield of 4.56%  ForexLive

SF Glide Foundation auctions off lunch with Marc Benioff as Warren Buffett leaves table - CBS News
SF Glide Foundation auctions off lunch with Marc Benioff as Warren Buffett leaves table  CBS News

Own a piece of Beer City history from Grand Rapids Brewing Co.’s liquidation auction - MLive.com
Own a piece of Beer City history from Grand Rapids Brewing Co.’s liquidation auction  MLive.com

1993 Ford Probe GT Sells For $18K At Auction - Ford Authority
1993 Ford Probe GT Sells For $18K At Auction  Ford Authority

A live auction raised more than $13000 at Together in Pride - Midland Daily News
A live auction raised more than $13000 at Together in Pride  Midland Daily News

From 11th-century relief depicting Vishnu to illustrations from Ramayana, here’s what is up for bidding at Todywalla Auctions - The Indian Express
From 11th-century relief depicting Vishnu to illustrations from Ramayana, here’s what is up for bidding at Todywalla Auctions  The Indian Express

With $13 Million Auction Sales, Michael Jordan Continues to Dominate the Sneaker World With Nike - EssentiallySports
With $13 Million Auction Sales, Michael Jordan Continues to Dominate the Sneaker World With Nike  EssentiallySports

Weaker Start, Quiet Monday, Auctions and CPI Ahead - Mortgage News Daily
Weaker Start, Quiet Monday, Auctions and CPI Ahead  Mortgage News Daily

Breakingviews - Sotheby's next hot auction: a Picasso-backed bond - Reuters
Breakingviews - Sotheby's next hot auction: a Picasso-backed bond  Reuters

A Copernicus Book From 1543 Could Fetch $1.5 Million at Auction - Robb Report
A Copernicus Book From 1543 Could Fetch $1.5 Million at Auction  Robb Report

A Treasure Trove of Princess Diana’s Dresses, Shoes, and Accessories Is Heading to Auction - Robb Report
A Treasure Trove of Princess Diana’s Dresses, Shoes, and Accessories Is Heading to Auction  Robb Report

Goldin Auctions Acquisition by eBay Sparks Showdown With Fanatics - eBay (NASDAQ:EBAY) - Benzinga
Goldin Auctions Acquisition by eBay Sparks Showdown With Fanatics - eBay (NASDAQ:EBAY)  Benzinga

Vegas Golden Knights to Auction 'My Favorite Things' Baskets to Support Vegas Community | Vegas Golden Knights - NHL.com
Vegas Golden Knights to Auction 'My Favorite Things' Baskets to Support Vegas Community | Vegas Golden Knights  NHL.com

Food First to Auction Rent-Stabilized Buildings in Brooklyn - The Real Deal
Food First to Auction Rent-Stabilized Buildings in Brooklyn  The Real Deal

Steve McQueen’s 1970 Chevy K5 Blazer Headed To Auction: Photos - GM Authority
Steve McQueen’s 1970 Chevy K5 Blazer Headed To Auction: Photos  GM Authority

Ritz Carlton Nashville property sold at auction amid legal disputes - Tennessean
Ritz Carlton Nashville property sold at auction amid legal disputes  Tennessean

Comic featuring Superman’s first ever appearance sells for record $6 million - CNN
Comic featuring Superman’s first ever appearance sells for record $6 million  CNN

U.S. Treasury auctions all $22 billion of 30 year bonds at a high-yield of 4.671% - ForexLive
U.S. Treasury auctions all $22 billion of 30 year bonds at a high-yield of 4.671%  ForexLive

Bible Jackie Kennedy Read From at JFK's Funeral to Auction - Fine Books & Collections Magazine
Bible Jackie Kennedy Read From at JFK's Funeral to Auction  Fine Books & Collections Magazine

A Ford GT With an Air Jordan Paint Job Could Fetch $1.2 Million at Auction - Robb Report
A Ford GT With an Air Jordan Paint Job Could Fetch $1.2 Million at Auction  Robb Report

1966 Aston Martin DB6 headlines vintage and late-model European collectibles at Barrett-Jackson's 2024 Palm Beach ... - Old Cars Weekly
1966 Aston Martin DB6 headlines vintage and late-model European collectibles at Barrett-Jackson's 2024 Palm Beach ...  Old Cars Weekly

Reinhardt Danielson Auction | Multimedia | mlstargazette.com - Moose Lake Star-Gazette
Reinhardt Danielson Auction | Multimedia | mlstargazette.com  Moose Lake Star-Gazette

Monopoly Go: Altruistic Auction Rewards And Milestones - TheGamer
Monopoly Go: Altruistic Auction Rewards And Milestones  TheGamer

Babe Ruth, Cy Young and Batman: Rare baseball cards, comics up for auction for first time - Seacoastonline.com
Babe Ruth, Cy Young and Batman: Rare baseball cards, comics up for auction for first time  Seacoastonline.com

Largest Sale of Princess Diana’s Gowns Since 1997 to Be Held in June - Barron's
Largest Sale of Princess Diana’s Gowns Since 1997 to Be Held in June  Barron's

'Stunning' 1928 steam tractor expected to fetch £200k at vintage auction - Yahoo News UK
'Stunning' 1928 steam tractor expected to fetch £200k at vintage auction  Yahoo News UK

New initiative between Art Money and Christie's will allow collectors to bid at auction and pay over time in instalments - Art Newspaper
New initiative between Art Money and Christie's will allow collectors to bid at auction and pay over time in instalments  Art Newspaper

Buyers grab downtown San Jose condos in foreclosure auction with winning bids up to $32,300 - The Mercury News
Buyers grab downtown San Jose condos in foreclosure auction with winning bids up to $32,300  The Mercury News

The ultimate toy box: Wilkinson's auction for R&M Motors - Successful Farming
The ultimate toy box: Wilkinson's auction for R&M Motors  Successful Farming

Empty Bowls Elevated Auction Gala and Dinner - WTVD-TV
Empty Bowls Elevated Auction Gala and Dinner  WTVD-TV

U.S. Treasury to auction off 30-year bonds at the top of the hour - ForexLive
U.S. Treasury to auction off 30-year bonds at the top of the hour  ForexLive

Julien's Auctions Announces "Princess Diana's Elegance" - Arts and Collections International
Julien's Auctions Announces "Princess Diana's Elegance"  Arts and Collections International

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Tesla CyberBeast Sells For $262,500 At Auction  Forbes

Strong 1805 Capped Bust Half Eagle in GreatCollections Auction - CoinWeek
Strong 1805 Capped Bust Half Eagle in GreatCollections Auction  CoinWeek

This 1,700-Year-Old Book Could Fetch Up to $3.8 Million at Auction - Robb Report
This 1,700-Year-Old Book Could Fetch Up to $3.8 Million at Auction  Robb Report

South African auction house edges into London market - Art Newspaper
South African auction house edges into London market  Art Newspaper

Rare copy of comic featuring Superman's first appearance sells for $6 million at auction - The Associated Press
Rare copy of comic featuring Superman's first appearance sells for $6 million at auction  The Associated Press

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Yellow Cab Tycoon Selling Tribeca Penthouse at Auction  Mansion Global

Brazilian Auction House Founder says Forged do Amaral Was For Sale at SP Arte - ARTnews
Brazilian Auction House Founder says Forged do Amaral Was For Sale at SP Arte  ARTnews

Tony Bennett's Treasures Are Up for Auction: How to Bid - inTouch Weekly
Tony Bennett's Treasures Are Up for Auction: How to Bid  inTouch Weekly

‘Iconic’ Man Ray image sells for €120,000 at auction of 200 works - The Guardian
‘Iconic’ Man Ray image sells for €120,000 at auction of 200 works  The Guardian

Joaquin Phoenix, Lynne Ramsay, Guillermo del Toro Join Cinema for Gaza Auction - Hollywood Reporter
Joaquin Phoenix, Lynne Ramsay, Guillermo del Toro Join Cinema for Gaza Auction  Hollywood Reporter

Man Ray Image of Kiki de Montparnasse Sells for $162,000 at Christie’s Auction - ARTnews
Man Ray Image of Kiki de Montparnasse Sells for $162,000 at Christie’s Auction  ARTnews

Newspaper Ads | Classifieds | Shopping | ESTATE AUCTION - commercial-news.com
Newspaper Ads | Classifieds | Shopping | ESTATE AUCTION  commercial-news.com

Someone Paid $262,500 For This Tesla Cybertruck At Auction - InsideEVs
Someone Paid $262,500 For This Tesla Cybertruck At Auction  InsideEVs

‘Luxury’ home in Medina County up for auction; proceeds to benefit charity - WJW FOX 8 News Cleveland
‘Luxury’ home in Medina County up for auction; proceeds to benefit charity  WJW FOX 8 News Cleveland

Lorain County 4-H Endowment Board annual dinner, auction raise over $26,000 - The Morning Journal
Lorain County 4-H Endowment Board annual dinner, auction raise over $26,000  The Morning Journal

Castle Country Crusaders Silent Auction Returning - ETV News
Castle Country Crusaders Silent Auction Returning  ETV News

Auction to be held at former Owego Treadway Inn Conference Center - MyHometownToday.com
Auction to be held at former Owego Treadway Inn Conference Center  MyHometownToday.com

Suffolk County Police to hold property auction April 17 - TBR News Media
Suffolk County Police to hold property auction April 17  TBR News Media

DNR Holding Online Auction - Ottumwa Radio
DNR Holding Online Auction  Ottumwa Radio

Sotheby’s Wine and Spirits Sales Reached a Record $159 Million Last Year Despite Price Slumps - Barron's
Sotheby’s Wine and Spirits Sales Reached a Record $159 Million Last Year Despite Price Slumps  Barron's

'Friends' TV script from iconic episode to hit auction, Matthew Perry Foundation to receive portion of sale - Fox Business
'Friends' TV script from iconic episode to hit auction, Matthew Perry Foundation to receive portion of sale  Fox Business

An Ultra-Rare Patek Philippe Set Leads Sotheby’s $1.3 Million ‘Gender-Free’ Watch Auction - Robb Report
An Ultra-Rare Patek Philippe Set Leads Sotheby’s $1.3 Million ‘Gender-Free’ Watch Auction  Robb Report

How Julien’s Auctions Leads the Booming Market in Celebrity Memorabilia - The New Yorker
How Julien’s Auctions Leads the Booming Market in Celebrity Memorabilia  The New Yorker

Why Christie's First Bitcoin Inscriptions Auction Matters - CoinDesk
Why Christie's First Bitcoin Inscriptions Auction Matters  CoinDesk

Tesla Cyberbeast Sotheby's auction ends soon - Business Insider
Tesla Cyberbeast Sotheby's auction ends soon  Business Insider

PETA Investigator ASSAULTED Filming Racehorse Auction Carnage | VIDEO - PETA
PETA Investigator ASSAULTED Filming Racehorse Auction Carnage | VIDEO  PETA

Ancient book with Mississippi ties up for auction - The Delta News
Ancient book with Mississippi ties up for auction  The Delta News

Commander's Palace Chef's Table Dining Adventure Auction - New Orleans Magazine
Commander's Palace Chef's Table Dining Adventure Auction  New Orleans Magazine

Spike Lee, Paul Mescal and Annie Lennox Join Cinema For Gaza Auction - Hollywood Reporter
Spike Lee, Paul Mescal and Annie Lennox Join Cinema For Gaza Auction  Hollywood Reporter

Christie’s withdraws Greek vases from auction over links to convicted dealer - The Guardian US
Christie’s withdraws Greek vases from auction over links to convicted dealer  The Guardian US

YOU CAN HELP: Superstar-signed item highlights Arbor Heights Elementary PTSA auction – everything open for your ... - West Seattle Blog
YOU CAN HELP: Superstar-signed item highlights Arbor Heights Elementary PTSA auction – everything open for your ...  West Seattle Blog

George Mikan's Signed, Game Worn Minneapolis Lakers Warm-Ups Hits Auction Block - TMZ
George Mikan's Signed, Game Worn Minneapolis Lakers Warm-Ups Hits Auction Block  TMZ

Proceeds from Gage County horse auction divided; veterinarian gets over $113,000 - KOLN
Proceeds from Gage County horse auction divided; veterinarian gets over $113,000  KOLN

Air Jordan 1 Inspired 2022 Ford GT Auction Info - HYPEBEAST
Air Jordan 1 Inspired 2022 Ford GT Auction Info  HYPEBEAST

Jane Fonda Partners with Gagosian and Christie’s for Art Charity Benefit against Oil Drilling Referendum in California - ARTnews
Jane Fonda Partners with Gagosian and Christie’s for Art Charity Benefit against Oil Drilling Referendum in California  ARTnews

Princess Diana's Cocktail and Evening Gowns Go Up for Auction - WWD
Princess Diana's Cocktail and Evening Gowns Go Up for Auction  WWD

Wholesale Market Report: Most Notable Corvette Auction Activity [4/12/2024] - CorvSport.com
Wholesale Market Report: Most Notable Corvette Auction Activity [4/12/2024]  CorvSport.com

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