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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 Wed. December / 06 / 2023

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

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

11-Carat Burmese Sapphire Fetches $660,900 At Bonhams New York Auction - Forbes
11-Carat Burmese Sapphire Fetches $660,900 At Bonhams New York Auction  Forbes

Steve Jobs wrote a check in 1976 to Radio Shack. Now it’s up for auction - The Mercury News
Steve Jobs wrote a check in 1976 to Radio Shack. Now it’s up for auction  The Mercury News

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

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

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

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

Jussi Pylkkänen Steps Down as Christie’s President - The New York Times
Jussi Pylkkänen Steps Down as Christie’s President  The New York Times

Four bidders approved for Colombia 5G auction - Reuters
Four bidders approved for Colombia 5G auction  Reuters

Analysts Expect Breakeven For ACV Auctions Inc. (NASDAQ:ACVA) Before Long - Yahoo Finance
Analysts Expect Breakeven For ACV Auctions Inc. (NASDAQ:ACVA) Before Long  Yahoo Finance

Wyatt & Son Auctions Unveils "Talladega Nights" Estate Auction Featuring Hollywood and Historical Treasures - PR Newswire
Wyatt & Son Auctions Unveils "Talladega Nights" Estate Auction Featuring Hollywood and Historical Treasures  PR Newswire

Rare 1879 Texas map sells at Dallas auction for record-breaking $700K - Houston Chronicle
Rare 1879 Texas map sells at Dallas auction for record-breaking $700K  Houston Chronicle

HiBid Auctions Net $41.7 Million GMV Last Week; Luxury Watches, Tools, Appliances, and More Now Accepting Bids - StreetInsider.com
HiBid Auctions Net $41.7 Million GMV Last Week; Luxury Watches, Tools, Appliances, and More Now Accepting Bids  StreetInsider.com

2024 Lakeland Winter Collector Car Auction Canceled - Old Cars Weekly
2024 Lakeland Winter Collector Car Auction Canceled  Old Cars Weekly

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

Mini Hermès Kelly Handbag Could Fetch $200,000 at Auction - Barron's
Mini Hermès Kelly Handbag Could Fetch $200,000 at Auction  Barron's

Eric Nadel's headset and World Series notes are up for auction - Axios
Eric Nadel's headset and World Series notes are up for auction  Axios

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

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

Hess Divo Auction Features NGC Certified Austrian Coin Expected to Sell for Six Figures - Numismatic News
Hess Divo Auction Features NGC Certified Austrian Coin Expected to Sell for Six Figures  Numismatic News

Lisa Schiff’s Art Collection Could Soon Hit the Auction Block - artnet News
Lisa Schiff’s Art Collection Could Soon Hit the Auction Block  artnet News

Steve Jobs' $4.01 RadioShack check set to fetch small fortune at auction - The Register
Steve Jobs' $4.01 RadioShack check set to fetch small fortune at auction  The Register

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

This Beautifully Restored 1950s Aston Martin Coupe Could Fetch up to $1.6 Million at Auction - Robb Report
This Beautifully Restored 1950s Aston Martin Coupe Could Fetch up to $1.6 Million at Auction  Robb Report

Duffy Ranch to go to Auction - KOBI-TV NBC5 / KOTI-TV NBC2
Duffy Ranch to go to Auction  KOBI-TV NBC5 / KOTI-TV NBC2

Charity Auction in Aid of Winemakers in Need - wineindustryadvisor.com
Charity Auction in Aid of Winemakers in Need  wineindustryadvisor.com

BOYS & GIRLS CLUB CHRISTMAS AUCTION SET FOR BOB ROE'S POINT AFTER - KSCJ
BOYS & GIRLS CLUB CHRISTMAS AUCTION SET FOR BOB ROE'S POINT AFTER  KSCJ

U.S. Currency Realizes Over $2.8 Million in Stack's Bowers Galleries' U.S. Currency Showcase Auction - Numismatic News
U.S. Currency Realizes Over $2.8 Million in Stack's Bowers Galleries' U.S. Currency Showcase Auction  Numismatic News

Christie’s Hong Kong auctions see strong demand for Asian masterpieces - South China Morning Post
Christie’s Hong Kong auctions see strong demand for Asian masterpieces  South China Morning Post

Steve Jobs' $4.01 Check To Sell for Over $25,000 at Auction - RetailWire
Steve Jobs' $4.01 Check To Sell for Over $25,000 at Auction  RetailWire

Clothe-A-Child auction to help over 800 children - MyWabashValley.com
Clothe-A-Child auction to help over 800 children  MyWabashValley.com

SAPD to offer seized vehicles up for auction Tuesday - mySA
SAPD to offer seized vehicles up for auction Tuesday  mySA

Official Rules: Texas Eats & Public Auctions of Texas Instagram Sweepstakes - KSAT San Antonio
Official Rules: Texas Eats & Public Auctions of Texas Instagram Sweepstakes  KSAT San Antonio

Local man honored for five decades of auctioneering - Shelby Star
Local man honored for five decades of auctioneering  Shelby Star

Junior league hosting holiday raffle and auction - WTOC
Junior league hosting holiday raffle and auction  WTOC

Furry Bass, Nudie Suits, & More Belonging To ZZ Top Bassist Dusty Hill Up For Auction - Live for Live Music
Furry Bass, Nudie Suits, & More Belonging To ZZ Top Bassist Dusty Hill Up For Auction  Live for Live Music

Northern Kentucky estate Chateau du Mon Reves sold for $3.8 million after auction - Cincinnati Business Courier - The Business Journals
Northern Kentucky estate Chateau du Mon Reves sold for $3.8 million after auction - Cincinnati Business Courier  The Business Journals

Oasis Protocol Joins Forces With NFTb To Enhance Privacy In Auctions, Collectibles - Benzinga
Oasis Protocol Joins Forces With NFTb To Enhance Privacy In Auctions, Collectibles  Benzinga

Finest 1815 B-1 Quarter Highlights Heritage US Coins Auction - CoinWeek
Finest 1815 B-1 Quarter Highlights Heritage US Coins Auction  CoinWeek

Orkuveita Reykjavíkur | Green Bond Auction December 12 - Yahoo Finance
Orkuveita Reykjavíkur | Green Bond Auction December 12  Yahoo Finance

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

Babe Ruth card first collected by Baltimore paperboy sells for $7.2 million - Baltimore Sun
Babe Ruth card first collected by Baltimore paperboy sells for $7.2 million  Baltimore Sun

Foreign wind power players urge Japan to scale up offshore auctions - Reuters
Foreign wind power players urge Japan to scale up offshore auctions  Reuters

Forest-Jackson Library Basket Auction Continues – WKTN - WKTN Radio
Forest-Jackson Library Basket Auction Continues – WKTN  WKTN Radio

Want to own a guitar played by Stevie Ray Vaughan? Mandeville dealer is auctioning one. - NOLA.com
Want to own a guitar played by Stevie Ray Vaughan? Mandeville dealer is auctioning one.  NOLA.com

US offshore wind warnings pile pressure on 2024 auctions - Reuters
US offshore wind warnings pile pressure on 2024 auctions  Reuters

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

Sotheby's To Auction The Lamborghini Countach From 'The Wolf Of Wall Street' - Capitol File
Sotheby's To Auction The Lamborghini Countach From 'The Wolf Of Wall Street'  Capitol File

Big US LTL carriers reap lion’s share of Yellow terminals in auction - JOC.com
Big US LTL carriers reap lion’s share of Yellow terminals in auction  JOC.com

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

Newspaper Ads | Classifieds | Shopping | AUCTION - Ottumwa Courier
Newspaper Ads | Classifieds | Shopping | AUCTION  Ottumwa Courier

AUCTION: 6K-Mile 2004 Dodge Ram 1500 Rumble Bee - Mopar Insiders
AUCTION: 6K-Mile 2004 Dodge Ram 1500 Rumble Bee  Mopar Insiders

Marine Auctions: December Online Auctions and Boats and Marina Berth - Sail World
Marine Auctions: December Online Auctions and Boats and Marina Berth  Sail World

Analysts Expect Breakeven For ACV Auctions Inc. (NASDAQ:ACVA) Before Long - Simply Wall St
Analysts Expect Breakeven For ACV Auctions Inc. (NASDAQ:ACVA) Before Long  Simply Wall St

Elizabeth Taylor's Rediscovered Wardrobe to Be Sold at Kerry Taylor Auctions. - Town & Country
Elizabeth Taylor's Rediscovered Wardrobe to Be Sold at Kerry Taylor Auctions.  Town & Country

Secretary Gray Announces Opposition to Proposed Auction of State Trust Land in Teton County - The Cheyenne Post
Secretary Gray Announces Opposition to Proposed Auction of State Trust Land in Teton County  The Cheyenne Post

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

Major South Lake Avenue Office Building Complex Faces Foreclosure Auction This Month – Pasadena Now - Pasadena Now
Major South Lake Avenue Office Building Complex Faces Foreclosure Auction This Month – Pasadena Now  Pasadena Now

Yellow Rivals Scoop Up Truck Terminals in Bankruptcy Auction - The Wall Street Journal
Yellow Rivals Scoop Up Truck Terminals in Bankruptcy Auction  The Wall Street Journal

Nobles County auctions off tax-forfeited properties - The Globe | News, weather, sports from Worthington, Minnesota - The Globe
Nobles County auctions off tax-forfeited properties - The Globe | News, weather, sports from Worthington, Minnesota  The Globe

Yellow Terminals Sold at Auction, Killing Hopes for Potential Reboot - Sourcing Journal
Yellow Terminals Sold at Auction, Killing Hopes for Potential Reboot  Sourcing Journal

US Currency Realizes Over $2.8 Million in Stack's Bowers Auction - CoinWeek
US Currency Realizes Over $2.8 Million in Stack's Bowers Auction  CoinWeek

Silent auction Dec. 9 to benefit Pearly Pond Lake Association - Monadnock Ledger Transcript
Silent auction Dec. 9 to benefit Pearly Pond Lake Association  Monadnock Ledger Transcript

Unfinished Chesterfield industrial project in legal limbo as court-ordered auction looms - RichmondBizSense
Unfinished Chesterfield industrial project in legal limbo as court-ordered auction looms  RichmondBizSense

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

Washington lawmaker on what's next in carbon auction whistleblower controversy - bigcountrynewsconnection.com
Washington lawmaker on what's next in carbon auction whistleblower controversy  bigcountrynewsconnection.com

Johnny Carson's Restored 1981 DeLorean Is up for Auction—but You Better Hurry - Yahoo Canada Finance
Johnny Carson's Restored 1981 DeLorean Is up for Auction—but You Better Hurry  Yahoo Canada Finance

Culinary Manuscripts and Rare Woodcuts in Books, Maps & Manuscripts Auction - Fine Books & Collections Magazine
Culinary Manuscripts and Rare Woodcuts in Books, Maps & Manuscripts Auction  Fine Books & Collections Magazine

Biden admin holds oil, gas auctions amid COP28 climate talks: Environmentalists furious - Axios
Biden admin holds oil, gas auctions amid COP28 climate talks: Environmentalists furious  Axios

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

Hollywood Aliens, Robots & Marty McFly's Hoverboard Are Up for Auction - Los Angeles Magazine
Hollywood Aliens, Robots & Marty McFly's Hoverboard Are Up for Auction  Los Angeles Magazine

The 1973 Scull auction was a harbinger of today's market, but its meaning is still misunderstood - Art Newspaper
The 1973 Scull auction was a harbinger of today's market, but its meaning is still misunderstood  Art Newspaper

“Fixtures And Décor From Iconic DC Restaurant Ollie’s Trolley (closing December 12th as part of the Hotel Harrington ... - PoPville
“Fixtures And Décor From Iconic DC Restaurant Ollie’s Trolley (closing December 12th as part of the Hotel Harrington ...  PoPville

Indiana Jones' machete, E.T.'s head: Iconic movie props up for auction - New York Post
Indiana Jones' machete, E.T.'s head: Iconic movie props up for auction  New York Post

Thom Browne Tapped To Curate Sotheby's "Visions of America" Auctions - HYPEBEAST
Thom Browne Tapped To Curate Sotheby's "Visions of America" Auctions  HYPEBEAST

December's sale at John Rolfe Auctions is biggest and best yet - Stroud Times
December's sale at John Rolfe Auctions is biggest and best yet  Stroud Times

Hoops and Art Collide: Upcoming Artists’ Charity Auction with Nifty Gateway - NFT Culture
Hoops and Art Collide: Upcoming Artists’ Charity Auction with Nifty Gateway  NFT Culture

Colombia launches first offshore wind auction - BNamericas English
Colombia launches first offshore wind auction  BNamericas English

MLB Icon Babe Ruth's Rookie Card 'Expected to Sell Close to $10M' at Auction - Bleacher Report
MLB Icon Babe Ruth's Rookie Card 'Expected to Sell Close to $10M' at Auction  Bleacher Report

Christmas Tree Silent Auction to support Myrtle Beach non-profit - wpde.com
Christmas Tree Silent Auction to support Myrtle Beach non-profit  wpde.com

‘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

Amyris Brands Sold at Auction | BoF - The Business of Fashion
Amyris Brands Sold at Auction | BoF  The Business of Fashion

Bacone College, one of the oldest in Oklahoma, up for auction - Oklahoman.com
Bacone College, one of the oldest in Oklahoma, up for auction  Oklahoman.com

New York launches expedited renewables auctions - Renewables Now
New York launches expedited renewables auctions  Renewables Now

Operation St. Nick's 41st annual radio auction begins Sunday morning - Shaw Local
Operation St. Nick's 41st annual radio auction begins Sunday morning  Shaw Local

‘Dallas’ in Oregon? Patrick Duffy’s Riverfront Ranch Is Headed to Auction - Robb Report
‘Dallas’ in Oregon? Patrick Duffy’s Riverfront Ranch Is Headed to Auction  Robb Report

‘Dallas’ Star Patrick Duffy to Sell Sprawling Oregon Ranch at Auction - Mansion Global
‘Dallas’ Star Patrick Duffy to Sell Sprawling Oregon Ranch at Auction  Mansion Global

Pelham Holiday Auction: Bidding closes tonight! - PelhamToday.ca
Pelham Holiday Auction: Bidding closes tonight!  PelhamToday.ca

US holds first of several oil and gas auctions as COP28 gets underway - Reuters
US holds first of several oil and gas auctions as COP28 gets underway  Reuters

Auction for Yellow’s terminals ‘remains ongoing’ - FreightWaves
Auction for Yellow’s terminals ‘remains ongoing’  FreightWaves

NCPPC to host designer purse auctions - WWNY
NCPPC to host designer purse auctions  WWNY

Fun Wreath Auction Benefits UVA Cancer Patients - UVA Today
Fun Wreath Auction Benefits UVA Cancer Patients  UVA Today

Highlights From an Impressive Auction of Texas Historical Artifacts - Texas Monthly
Highlights From an Impressive Auction of Texas Historical Artifacts  Texas Monthly

India launches first part of critical minerals auction worth $5.4 bln - Reuters India
India launches first part of critical minerals auction worth $5.4 bln  Reuters India

One man's Texas history collection pulls in $2.6 million at auction - KHOU.com
One man's Texas history collection pulls in $2.6 million at auction  KHOU.com

Steve Jobs' 1976 check to Radio Shack set to fetch $22,000 at auction - Business Insider
Steve Jobs' 1976 check to Radio Shack set to fetch $22,000 at auction  Business Insider

Pregnant bidder fined for disrupting auction of coveted phone number - China Daily
Pregnant bidder fined for disrupting auction of coveted phone number  China Daily

CORDER'S COLUMN: In defence of Apocalyptic Christie's auction - WatchPro USA
CORDER'S COLUMN: In defence of Apocalyptic Christie's auction  WatchPro USA

Lior Raz Auctions Supporting Roles in 'Fauda' During Fundraiser for Victims of Hamas Terror Attacks - Algemeiner
Lior Raz Auctions Supporting Roles in 'Fauda' During Fundraiser for Victims of Hamas Terror Attacks  Algemeiner

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