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Online Auctions: The New Way of Shopping for Mauritians


Since their introduction several years ago, online auctions, such as eBay, have been one of the hottest destinations on the World Wide Web. Auction sellers are attracted by the prospect of a broad venue for their products and the possibility of high profits. Bidders on online auction sites are drawn to the unique shopping opportunities and potential to purchase hard-to-find items at low prices.

One such website in Mauritius is www.mauritiantrader.com . As an online marketplace, MauritianTrader offers a window of opportunities to businesses and individuals by allowing them to buy and sell almost anything online. It even gives buyers the opportunity to request a specific item from sellers (reverse auction). Items sold can be new or used ones and they cover all categories from electronics, fashion items, books, cars, antiques, furniture etc.

What makes online auctions so attractive to businesses is the number of people bidding against each other. It provides an instant audience that secures the seller the best price. As for the buyer, the speed, simplicity and variety of goods on offer can vastly speed up procurement.

Benefits of buying on auction websites

Bidding for products has advantages over traditional purchasing for both buyer and supplier. Businesses save time spent on procurement by finding, comparing, ordering and paying for products in one sitting. Repeat orders can also usually be made quickly and cheaply. Experienced bidders save time by using software to keep track of several auctions at once, setting up automated searches and bid alerts.

Many businesses use online auctions for buying items that are non-critical to their business such as office furniture, or to track down specialist equipment, that can be picked up second-hand at a keener price.

As for individuals, the convenience of sitting at home and shop for something is thrilling. Just a few clicks and you can find what you are looking for at great prices in a matter of seconds.

Benefits of selling on auction websites

Businesses selling products or services at an online auction are likely to see reduced marketing costs, as they are tapping into a ready-made community of buyers at a well-established auction. Moreover, they get access to a much wider market - small suppliers gain a worldwide audience.

Many companies find selling at auctions gives them useful feedback on their products and services - they treat it as an opportunity to test products and gauge value. Another key benefit is being able to offload excess stock quickly and cheaply. It can also help cut out the middle man.

Some individuals go for auction websites simply because they want to make some extra money. So, they buy products on sale and sell them at a slightly higher price but lower than the regular market price. Other people may just want to clear up clutter around the house by selling second hand items or even may want to start their own business by advertise their products online.

Mauritians have been lagging behind on online trading mainly because there was no local auction website in the past. Moreover Mauritians still hold on to their traditional ways of doing business. They feel the need to see-touch-feel a product before buying. However, with a local website like MauritianTrader, where users are mostly Mauritians, they can arrange to meet and view the item before making any payment.

Mauritians may feel skeptical at first to adopt this new way of doing business. Just like millions of people around the world buying and selling online, Mauritians will quickly realise the benefits they would derive from online trading. The uncertainty of a buyer's or seller's reliability may be another cause for not choosing online auctions. However, like eBay, MauritianTrader has a feedback feature. The buyer/seller gets a feedback at the end of each transaction. The more transactions, the more feedback and therefore the more a buyer/seller's "reputation" can be evaluated accurately.

It is high time Mauritians make use of this service, especially small businesses that do not necessarily have the powerful tools for effective marketing. Not only will they be selling to Mauritians but also obtain global exposure. Mauritius should make the next step and catch up with the latest methods of doing business effectively.

http://www.mauritiantrader.com

Z.Khan Economic Analyst


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Thu. June / 30 / 2022

Biden administration oil, gas auctions kick off with thin industry response - Reuters
Biden administration oil, gas auctions kick off with thin industry response  Reuters

Ritchie Bros. Sells $114MM in Equipment in Recent Auctions in Texas and Alberta - Monitor Daily
Ritchie Bros. Sells $114MM in Equipment in Recent Auctions in Texas and Alberta  Monitor Daily

Elvis Presley’s boyhood home goes on the auction block - FOX 10 News Phoenix
Elvis Presley’s boyhood home goes on the auction block  FOX 10 News Phoenix

$51.4 Million Sold via HiBid.com Last Week; Jewelry and Coin Auctions Featured This Week - PR Newswire
$51.4 Million Sold via HiBid.com Last Week; Jewelry and Coin Auctions Featured This Week  PR Newswire

The HSNY 2022 Online Charity Auction - HODINKEE
The HSNY 2022 Online Charity Auction  HODINKEE

Own your own campground: Former Boy Scout camp goes up for auction in Indiana - FOX 59 Indianapolis
Own your own campground: Former Boy Scout camp goes up for auction in Indiana  FOX 59 Indianapolis

5 Can’t-Miss Lots Coming to the Block at Sloane Street Auctions, Including a Covetable Pair of Joshua Reynolds Portraits - artnet News
5 Can’t-Miss Lots Coming to the Block at Sloane Street Auctions, Including a Covetable Pair of Joshua Reynolds Portraits  artnet News

PUBLIC AUCTION These vehicles will be sold at Public Auctions - Rockdale Newton Citizen
PUBLIC AUCTION These vehicles will be sold at Public Auctions  Rockdale Newton Citizen

How GuysWithRides Founder Rudy Samsel Wants To Bring Online Auctions Back To Reality - HotCars
How GuysWithRides Founder Rudy Samsel Wants To Bring Online Auctions Back To Reality  HotCars

Banking on the Monets: Christie's London to Paris relay auctions bring in a solid £203.9m - Art Newspaper
Banking on the Monets: Christie's London to Paris relay auctions bring in a solid £203.9m  Art Newspaper

Auctions How Are Auction Houses Preparing For A Potential Economic Downturn? - HODINKEE
Auctions How Are Auction Houses Preparing For A Potential Economic Downturn?  HODINKEE

Broad Arrow Auctions Announces the Fleischman Collection: A Single Owner Offering of 28 Outstanding Motor Cars, Offered Almost Entirely Without Reserve, Set to Headline the Monterey Jet Center Auction this 18 August 2022 - Yahoo Finance
Broad Arrow Auctions Announces the Fleischman Collection: A Single Owner Offering of 28 Outstanding Motor Cars, Offered Almost Entirely Without Reserve, Set to Headline the Monterey Jet Center Auction this 18 August 2022  Yahoo Finance

Pokémon TCG: 1st Ed Dark Charizard Up For Auction At Heritage - Bleeding Cool News
Pokémon TCG: 1st Ed Dark Charizard Up For Auction At Heritage  Bleeding Cool News

Auction Calendar: July 1, 2022 - Wisconsin State Farmer
Auction Calendar: July 1, 2022  Wisconsin State Farmer

1968 Chevrolet Corvette Sportwagen: Today's BaT Auction Pick - Car and Driver
1968 Chevrolet Corvette Sportwagen: Today's BaT Auction Pick  Car and Driver

Midyear Outlook And Treasury Auctions (Radio) - Bloomberg
Midyear Outlook And Treasury Auctions (Radio)  Bloomberg

INTERVIEW: Global interest in Saudi Arabia's mineral auctions surprises to upside - S&P Global
INTERVIEW: Global interest in Saudi Arabia's mineral auctions surprises to upside  S&P Global

Carter Center Weekend to Feature Live, Silent, and Online Auctions - The Carter Center
Carter Center Weekend to Feature Live, Silent, and Online Auctions  The Carter Center

HiBid.com Auctions Include Classic Cars, Collectible Sports Cards and Estate Items; Over $47M Sold in Last Week's Auctions - PR Newswire
HiBid.com Auctions Include Classic Cars, Collectible Sports Cards and Estate Items; Over $47M Sold in Last Week's Auctions  PR Newswire

Tiffany lamp sells for $541,000 at Lancaster County auction - WGAL Susquehanna Valley Pa.
Tiffany lamp sells for $541,000 at Lancaster County auction  WGAL Susquehanna Valley Pa.

Society Notebook: Boys & Girls Clubs benefit from auctions at brewery - Press Herald
Society Notebook: Boys & Girls Clubs benefit from auctions at brewery  Press Herald

Supreme Auctions Sells Rare North Dallas Modern Farmhouse in Pilot Point, Texas - EIN News
Supreme Auctions Sells Rare North Dallas Modern Farmhouse in Pilot Point, Texas  EIN News

This Week in Memorabilia Auctions: Michael Jordan, LeBron James & Albert Einstein Make Up Surprises, Disappointments & Unique Sales - The Action Network
This Week in Memorabilia Auctions: Michael Jordan, LeBron James & Albert Einstein Make Up Surprises, Disappointments & Unique Sales  The Action Network

GSA Auctions Another Series of Crypto, Valued at $268K - Nextgov
GSA Auctions Another Series of Crypto, Valued at $268K  Nextgov

Dmitry Muratov auctions Nobel prize for $103.5M for Ukrainian refugees - The Washington Post
Dmitry Muratov auctions Nobel prize for $103.5M for Ukrainian refugees  The Washington Post

Propstore auctions rare screen-used 'Red Leader' X-wing model from 'Star Wars: A New Hope' (exclusive) - Space.com
Propstore auctions rare screen-used 'Red Leader' X-wing model from 'Star Wars: A New Hope' (exclusive)  Space.com

RESULT OF RIKSBANK REVERSED AUCTIONS KOMMUNINVEST BONDS - GlobeNewswire
RESULT OF RIKSBANK REVERSED AUCTIONS KOMMUNINVEST BONDS  GlobeNewswire

Vedanta, 30 other companies submit bids in commercial coal mines auctions - Business Standard
Vedanta, 30 other companies submit bids in commercial coal mines auctions  Business Standard

Miners are dumping GPUs via livestreamed auctions - PC Gamer
Miners are dumping GPUs via livestreamed auctions  PC Gamer

Nearly 800 Properties May Be Up For Auction | News, Sports, Jobs - Jamestown Post Journal
Nearly 800 Properties May Be Up For Auction | News, Sports, Jobs  Jamestown Post Journal

A rare 1930 Oscar statuette is up for auction - The Gold Knight
A rare 1930 Oscar statuette is up for auction  The Gold Knight

Bonhams’s Shopping Spree Continues as It Acquires Its Fourth Auction House This Year - artnet News
Bonhams’s Shopping Spree Continues as It Acquires Its Fourth Auction House This Year  artnet News

Orange County auction of surplus equipment offers tons of useful items - WESH 2 Orlando
Orange County auction of surplus equipment offers tons of useful items  WESH 2 Orlando

Reinventing Wine Auctions: Napa Valley Succeeds With $1.5 Million Raised At 2022 New, More Inclusive Auction Format - Forbes
Reinventing Wine Auctions: Napa Valley Succeeds With $1.5 Million Raised At 2022 New, More Inclusive Auction Format  Forbes

Alabama top court says local governments can’t pocket excess money from tax auctions - AL.com
Alabama top court says local governments can’t pocket excess money from tax auctions  AL.com

Buying a Home at Auction? These Tips Will Help You Prepare Yourself. - Think Realty
Buying a Home at Auction? These Tips Will Help You Prepare Yourself.  Think Realty

Recent NFT auctions have flopped - will they follow cryptocurrency's downward trend? - iNews
Recent NFT auctions have flopped - will they follow cryptocurrency's downward trend?  iNews

Dead Roaches That Ate Moon Dust Went Up for Auction. Then NASA Objected. - The New York Times
Dead Roaches That Ate Moon Dust Went Up for Auction. Then NASA Objected.  The New York Times

55-Mile 1987 Buick GNX Headed to Mecum Orlando Auction - GM Authority
55-Mile 1987 Buick GNX Headed to Mecum Orlando Auction  GM Authority

San Diego Comic-Con 2022 Badge Auctions to Benefit Museum - sdccblog.com
San Diego Comic-Con 2022 Badge Auctions to Benefit Museum  sdccblog.com

Today in Crypto: While Down, NFTs Hold Value in Christie’s Auction; US Gov’t May Delay Crypto Data Collection; N. Korean Hackers Suspected in $100M Harmony Blockchain Hack - PYMNTS.com
Today in Crypto: While Down, NFTs Hold Value in Christie’s Auction; US Gov’t May Delay Crypto Data Collection; N. Korean Hackers Suspected in $100M Harmony Blockchain Hack  PYMNTS.com

FERC Approves ISO-New England’s Implementation of Capacity Market Design Changes and MOPR Elimination - JD Supra
FERC Approves ISO-New England’s Implementation of Capacity Market Design Changes and MOPR Elimination  JD Supra

Magic: The Gathering: Mana Crypt Promo Up For Auction At Heritage - Bleeding Cool News
Magic: The Gathering: Mana Crypt Promo Up For Auction At Heritage  Bleeding Cool News

Masters of (Bidding) War: Rare Copy of ‘The Freewheelin’ Bob Dylan’ Headed to Auction - Rolling Stone
Masters of (Bidding) War: Rare Copy of ‘The Freewheelin’ Bob Dylan’ Headed to Auction  Rolling Stone

Online surplus item auction now live, Alabama agency says - AL.com
Online surplus item auction now live, Alabama agency says  AL.com

PJM capacity prices fall 32% with more nuclear, solar capacity clearing in the latest auction - Utility Dive
PJM capacity prices fall 32% with more nuclear, solar capacity clearing in the latest auction  Utility Dive

The District Attorney's Office auctions off jewelry, expensive luxury items seized as evidence during a criminal investigation. - County of San Luis Obispo
The District Attorney's Office auctions off jewelry, expensive luxury items seized as evidence during a criminal investigation.  County of San Luis Obispo

Resident anger as Dulwich Prep school auctions off a car parking space - BrixtonBuzz
Resident anger as Dulwich Prep school auctions off a car parking space  BrixtonBuzz

City puts Redbird train car up for public auction - Spectrum News NY1
City puts Redbird train car up for public auction  Spectrum News NY1

Japan to resume offshore wind power auctions by year-end after revising rules - Reuters.com
Japan to resume offshore wind power auctions by year-end after revising rules  Reuters.com

No need for attorney review on real estate auctions, N.J. Supreme Court rules - NJ.com
No need for attorney review on real estate auctions, N.J. Supreme Court rules  NJ.com

ELITE AUCTIONS Announces Auction of $5.25 Million 4-Story Beach House & Vacation Rental Business in Panama City Beach, FL, July 2 - PR Web
ELITE AUCTIONS Announces Auction of $5.25 Million 4-Story Beach House & Vacation Rental Business in Panama City Beach, FL, July 2  PR Web

Fat Joe And Mayor To Auction Off Rare Nike Air Force 1 Collection In Support Of Virgil Abloh’s “POST-MODERN” Scholarship Fund - Sneaker News
Fat Joe And Mayor To Auction Off Rare Nike Air Force 1 Collection In Support Of Virgil Abloh’s “POST-MODERN” Scholarship Fund  Sneaker News

eBay Live is the online auction site's new livestream sales platform - The Verge
eBay Live is the online auction site's new livestream sales platform  The Verge

'A piece of history for your house': Missouri auctions stone salvaged from Capitol Building • Missouri Independent - Missouri Independent
'A piece of history for your house': Missouri auctions stone salvaged from Capitol Building • Missouri Independent  Missouri Independent

Heritage Hong Kong Platinum Auction Open for Bidding - CoinWeek
Heritage Hong Kong Platinum Auction Open for Bidding  CoinWeek

Auction Calendar: June 3, 2022 - Wisconsin State Farmer
Auction Calendar: June 3, 2022  Wisconsin State Farmer

Bifrost releases upgraded SALP 2.0 after protocol helped secure $450M via parachain auctions - Cointelegraph
Bifrost releases upgraded SALP 2.0 after protocol helped secure $450M via parachain auctions  Cointelegraph

Penn State Extension expands resources for growers at produce auctions - Pennsylvania State University
Penn State Extension expands resources for growers at produce auctions  Pennsylvania State University

Antique guns owned by late Harrisburg Mayor Stephen Reed fire up auction prices - PennLive
Antique guns owned by late Harrisburg Mayor Stephen Reed fire up auction prices  PennLive

Artesian Builds auctions off PC hardware & more after bankruptcy filing - Dexerto
Artesian Builds auctions off PC hardware & more after bankruptcy filing  Dexerto

County Police to Auction Off Cars, Trucks, Motorcycles - East Hampton Star
County Police to Auction Off Cars, Trucks, Motorcycles  East Hampton Star

Showplace Auction Presents NYC Metro Area Treasures - Antiques And The Arts Weekly - Antiques and the Arts Online
Showplace Auction Presents NYC Metro Area Treasures - Antiques And The Arts Weekly  Antiques and the Arts Online

SEC Weighs Sending Retail Stock Orders to Auctions for Execution - Bloomberg
SEC Weighs Sending Retail Stock Orders to Auctions for Execution  Bloomberg

Batman: The Dark Knight Returns #1 Original Cover Art Auctions For $2.4 Million - IGN - IGN
Batman: The Dark Knight Returns #1 Original Cover Art Auctions For $2.4 Million - IGN  IGN

Broad Arrow Auctions Announces Early Auction Highlights from “The Hangar House Collection” Comprising Six Late Model Sports Cars to be Offered Without Reserve at the Palm Beach County Convention Center 18-19 November 2022 - GlobeNewswire
Broad Arrow Auctions Announces Early Auction Highlights from “The Hangar House Collection” Comprising Six Late Model Sports Cars to be Offered Without Reserve at the Palm Beach County Convention Center 18-19 November 2022  GlobeNewswire

Receiver asks for court approval to auction assets of Annie’s Campground - WSAW
Receiver asks for court approval to auction assets of Annie’s Campground  WSAW

Igneo drops out of Loscam ANZ auction - The Australian Financial Review
Igneo drops out of Loscam ANZ auction  The Australian Financial Review

First live auction of wetland credits in South Dakota to be held Friday in Wentworth - Drgnews
First live auction of wetland credits in South Dakota to be held Friday in Wentworth  Drgnews

Auction House Sells Property Six Weeks Prior to Auction! - PR Newswire
Auction House Sells Property Six Weeks Prior to Auction!  PR Newswire

Auction sale yields $115540 in proceeds for local construction company victimized by embezzlement - County of San Luis Obispo
Auction sale yields $115540 in proceeds for local construction company victimized by embezzlement  County of San Luis Obispo

Warren Buffett Charity Lunch Auctions for $19 Million USD - HYPEBEAST
Warren Buffett Charity Lunch Auctions for $19 Million USD  HYPEBEAST

LeBron James 2020-21 'Triple Logoman' card sells for $2.4 million at auction - NBA.com
LeBron James 2020-21 'Triple Logoman' card sells for $2.4 million at auction  NBA.com

Denny's Storage Company Auction - Treasure ( Sort Of ) Awaits You - Hot 975
Denny's Storage Company Auction - Treasure ( Sort Of ) Awaits You  Hot 975

Sammy Petrowsky Returns With 'Homecoming Auction' : CEG - Construction Equipment Guide
Sammy Petrowsky Returns With 'Homecoming Auction' : CEG  Construction Equipment Guide

Downtown Baltimore office tower sells back to lender in foreclosure auction for $4.1M - The Business Journals
Downtown Baltimore office tower sells back to lender in foreclosure auction for $4.1M  The Business Journals

VHS tape of ‘Back to the Future’ fetches $75,000 at auction - The Dallas Morning News
VHS tape of ‘Back to the Future’ fetches $75,000 at auction  The Dallas Morning News

Upstart platforms, peer-to-peer sites squeeze auctions - Automotive News
Upstart platforms, peer-to-peer sites squeeze auctions  Automotive News

NC’s highest auction award returns to Boonville - Yadkin Ripple
NC’s highest auction award returns to Boonville  Yadkin Ripple

Frank Macher's Charlevoix home sold at auction for $9.8 million - Crain's Detroit Business
Frank Macher's Charlevoix home sold at auction for $9.8 million  Crain's Detroit Business

NYC Council Repealed Regulations Affecting the Auction Industry - The National Law Review
NYC Council Repealed Regulations Affecting the Auction Industry  The National Law Review

Nebraska Public Service Commission will conduct reverse auction to expand broadband - Lincoln Journal Star
Nebraska Public Service Commission will conduct reverse auction to expand broadband  Lincoln Journal Star

New York Watch Auctions Summer 2022 Top Lots - HODINKEE
New York Watch Auctions Summer 2022 Top Lots  HODINKEE

Commonwealth's Online Heavy Equipment Auction to Feature More Than 280 Items for Sale to the Public Starting June 20 - Pennsylvania Pressroom
Commonwealth's Online Heavy Equipment Auction to Feature More Than 280 Items for Sale to the Public Starting June 20  Pennsylvania Pressroom

Karakurt Extortion Group Auctions Data for Ransom | Robinson+Cole Data Privacy + Security Insider - JDSupra - JD Supra
Karakurt Extortion Group Auctions Data for Ransom | Robinson+Cole Data Privacy + Security Insider - JDSupra  JD Supra

NYC's screwup on car auction contract will cost taxpayers $6M: lawsuit - New York Post
NYC's screwup on car auction contract will cost taxpayers $6M: lawsuit  New York Post

Bond Market Defensiveness Justified by Weak Auction - Mortgage News Daily
Bond Market Defensiveness Justified by Weak Auction  Mortgage News Daily

Central Oregon ranchers, livestock auctions, face headwinds even as price for meat rises - The Bulletin
Central Oregon ranchers, livestock auctions, face headwinds even as price for meat rises  The Bulletin

Russian Journalist to Auction Nobel Medal to Benefit Ukraine - The New York Times
Russian Journalist to Auction Nobel Medal to Benefit Ukraine  The New York Times

Captain Marvel Kills All the Villains in Whiz Comics #7, at Auction - Bleeding Cool News
Captain Marvel Kills All the Villains in Whiz Comics #7, at Auction  Bleeding Cool News

Affandi and Other Indonesian Masters at MASTERPIECE Online Auction - Ocula Magazine
Affandi and Other Indonesian Masters at MASTERPIECE Online Auction  Ocula Magazine

Former Transamerica site sold in auction - Corridor Business
Former Transamerica site sold in auction  Corridor Business

2004 Volkswagen R32 Is Our Bring a Trailer Auction Pick of the Day - Car and Driver
2004 Volkswagen R32 Is Our Bring a Trailer Auction Pick of the Day  Car and Driver

Collectible Highlights in Sedwick's 1st US & World Paper Money Auction - CoinWeek
Collectible Highlights in Sedwick's 1st US & World Paper Money Auction  CoinWeek

Sotheby’s Concierge Auctions Announces June/July Auction Lineup of over $125 Million in Properties—Most No - EIN News
Sotheby’s Concierge Auctions Announces June/July Auction Lineup of over $125 Million in Properties—Most No  EIN News

Rare Comic On Rare Stamps, Thrilling Adventures in Stamps, at Auction - Bleeding Cool News
Rare Comic On Rare Stamps, Thrilling Adventures in Stamps, at Auction  Bleeding Cool News

Concierge Auctions is now Sotheby's Concierge Auctions—Rebrand Announced Following Acquisition by Sotheby's and Realogy - EIN News
Concierge Auctions is now Sotheby's Concierge Auctions—Rebrand Announced Following Acquisition by Sotheby's and Realogy  EIN News

Impressive 1995 Ford E-350 4X4 Motorhome Up For Auction - Ford Authority
Impressive 1995 Ford E-350 4X4 Motorhome Up For Auction  Ford Authority

WEEK OF LUXURY AUCTIONS AND EXHIBITIONS AT DOYLE BEGINS JUNE 18 - PR Newswire
WEEK OF LUXURY AUCTIONS AND EXHIBITIONS AT DOYLE BEGINS JUNE 18  PR Newswire

End of an era: Dan Magnuszewski leaves ACV Auctions - The Business Journals
End of an era: Dan Magnuszewski leaves ACV Auctions  The Business Journals

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