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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 / 08 / 2023

Nova Scotia island goes on NYC auction block - The Globe and Mail
Nova Scotia island goes on NYC auction block  The Globe and Mail

Topeka city government makes top bid in auction for Topeka hotel - The Topeka Capital-Journal
Topeka city government makes top bid in auction for Topeka hotel  The Topeka Capital-Journal

Collectors, Rejoice! Ultra-Rare Patek Philippe and Roger Smith Watches Headline Two Big Auctions This Weekend - Yahoo Life
Collectors, Rejoice! Ultra-Rare Patek Philippe and Roger Smith Watches Headline Two Big Auctions This Weekend  Yahoo Life

Tensions, gas prices rise as Washington state auctions carbon - E&E News
Tensions, gas prices rise as Washington state auctions carbon  E&E News

Air Jordan 2 Unreleased Prototype Auction - HYPEBEAST
Air Jordan 2 Unreleased Prototype Auction  HYPEBEAST

'Cheers' bar sells for $675000 at Dallas auction of items from classic TV shows - The Associated Press
  1. 'Cheers' bar sells for $675000 at Dallas auction of items from classic TV shows  The Associated Press
  2. "Cheers" bar sells for $675,000 at auction  CBS Boston
  3. 'Cheers' bar sells at auction for $675,000  The Boston Globe

San Diego Comic-Con 2023 Badge Auctions to Benefit Museum - San Diego Comic-Con Unofficial Blog
San Diego Comic-Con 2023 Badge Auctions to Benefit Museum  San Diego Comic-Con Unofficial Blog

'Hitler's pencil' sells for fraction of estimate at Belfast auction - BBC
'Hitler's pencil' sells for fraction of estimate at Belfast auction  BBC

Pencil said to have been Hitler’s sells for $6,700 — a 10th of pre-auction estimate - The Times of Israel
Pencil said to have been Hitler’s sells for $6,700 — a 10th of pre-auction estimate  The Times of Israel

'Adolf Hitler's Pencil' Sells At Auction For Tenth Of Its Estimated Value - NDTV
'Adolf Hitler's Pencil' Sells At Auction For Tenth Of Its Estimated Value  NDTV

‘Not the easiest season’: sales subdued at Christie’s Hong Kong auctions - Better Life
‘Not the easiest season’: sales subdued at Christie’s Hong Kong auctions  Better Life

A Picasso Portrait Consigned by His Ex-Wife’s Estate Just Set a Record for the Artist in the Frothy German Auction Market - artnet News
A Picasso Portrait Consigned by His Ex-Wife’s Estate Just Set a Record for the Artist in the Frothy German Auction Market  artnet News

Washington state's second cap-and-invest auction shows strong ... - Environmental Defense Fund
Washington state's second cap-and-invest auction shows strong ...  Environmental Defense Fund

WA's second greenhouse-gas-allowance auction raises over $500M - The Seattle Times
WA's second greenhouse-gas-allowance auction raises over $500M  The Seattle Times

'Cheers' bar sells for $675000 at Dallas auction of items from classic ... - Sentinel-Tribune
'Cheers' bar sells for $675000 at Dallas auction of items from classic ...  Sentinel-Tribune

'Cheers' bar sells for $675,000 at Dallas auction - FOX 4 News Dallas-Fort Worth
'Cheers' bar sells for $675,000 at Dallas auction  FOX 4 News Dallas-Fort Worth

Brazil Bankers See $14 Billion in Auctions Reviving Equity Deals - Yahoo Finance
Brazil Bankers See $14 Billion in Auctions Reviving Equity Deals  Yahoo Finance

Collectors, Rejoice! Ultra-Rare Patek Philippe and Roger Smith Watches Headline Two Big Auctions This Weekend - Robb Report
Collectors, Rejoice! Ultra-Rare Patek Philippe and Roger Smith Watches Headline Two Big Auctions This Weekend  Robb Report

Quincy Area Vocational Technical Center auctions house - WGEM
Quincy Area Vocational Technical Center auctions house  WGEM

STORAGE AUCTIONS - Columbia Star
STORAGE AUCTIONS  Columbia Star

For auction: Photos of NC mountains European style mansion - Charlotte Observer
For auction: Photos of NC mountains European style mansion  Charlotte Observer

SCP Auctions Offering Historic Wilt Chamberlain Photomatched ... - Philadelphia Sports Nation
SCP Auctions Offering Historic Wilt Chamberlain Photomatched ...  Philadelphia Sports Nation

Sold Auctions Conducts June Sale in Blacksburg, S.C. : CEG - Construction Equipment Guide
Sold Auctions Conducts June Sale in Blacksburg, S.C. : CEG  Construction Equipment Guide

Want Johnny Carson's desk? A trove of TV memorabilia is up for ... - NPR
Want Johnny Carson's desk? A trove of TV memorabilia is up for ...  NPR

Going once, going twice, gone! Farm auctions are moving online, and that’s changing a rural tradition - Marketplace
Going once, going twice, gone! Farm auctions are moving online, and that’s changing a rural tradition  Marketplace

Iowa State Treasurer's Office Deposit Box Auctions, 6-8-23 - YouTube
Iowa State Treasurer's Office Deposit Box Auctions, 6-8-23  YouTube

Snafu Cancels Chris Whittle's Hamptons Estate Auction - The Real Deal
Snafu Cancels Chris Whittle's Hamptons Estate Auction  The Real Deal

Silver & ‘Ice’ Lead Kodner Auction - Antiques and the Arts Online
Silver & ‘Ice’ Lead Kodner Auction  Antiques and the Arts Online

Union Pacific Auctions Cab Ride Aboard 'Big Boy' 4014 - Railfan & Railroad Magazine
Union Pacific Auctions Cab Ride Aboard 'Big Boy' 4014  Railfan & Railroad Magazine

Highlights from Bonhams Hong Kong's 2023 record-setting spring ... - TheValue.com
Highlights from Bonhams Hong Kong's 2023 record-setting spring ...  TheValue.com

Bobby Hull Collection, Mario Tremblay Rings, Vintage Cards ... - Sports Collectors Daily
Bobby Hull Collection, Mario Tremblay Rings, Vintage Cards ...  Sports Collectors Daily

Asia, PRC and more in June 25-27 John Bull auction series in Hong ... - Linn's Stamp News
Asia, PRC and more in June 25-27 John Bull auction series in Hong ...  Linn's Stamp News

A Rare Collection of 18th- and 19th-Century American Literature Could Fetch up to $5 Million at Auction - Robb Report
A Rare Collection of 18th- and 19th-Century American Literature Could Fetch up to $5 Million at Auction  Robb Report

Rising Sun auctions 16 East Main Street for tax sale - Cecil Daily
Rising Sun auctions 16 East Main Street for tax sale  Cecil Daily

Experts Hope New Oil Auctions Signal "Striking a Balance" in U.S. ... - MarketScale
Experts Hope New Oil Auctions Signal "Striking a Balance" in U.S. ...  MarketScale

Lots owned by Justice and his businesses listed as up for auction by ... - West Virginia MetroNews
Lots owned by Justice and his businesses listed as up for auction by ...  West Virginia MetroNews

A switcheroo illustrates why not everyone's sold on vacation art auctions - NBC Chicago
A switcheroo illustrates why not everyone's sold on vacation art auctions  NBC Chicago

Serbia sets maximum prices for wind, solar power auctions - Balkan Green Energy News
Serbia sets maximum prices for wind, solar power auctions  Balkan Green Energy News

Benefit yard sale, dinner and auction for 2-year-old boy - Yahoo News
Benefit yard sale, dinner and auction for 2-year-old boy  Yahoo News

Luxury hideaway property in Paradise Valley up for auction - citysuntimes
Luxury hideaway property in Paradise Valley up for auction  citysuntimes

5 Takeaways From Auction Week in New York - The New York Times
5 Takeaways From Auction Week in New York  The New York Times

A switcheroo illustrates why not everyone's sold on vacation art auctions - NBC Chicago
A switcheroo illustrates why not everyone's sold on vacation art auctions  NBC Chicago

Nigeria's central bank auctions FX at 645 naira, weaker than spot rate - Reuters
Nigeria's central bank auctions FX at 645 naira, weaker than spot rate  Reuters

Suffolk County Police to hold vehicle auction June 10 - TBR News Media
Suffolk County Police to hold vehicle auction June 10  TBR News Media

Township puts ambulance up for auction - FOX 2 Detroit
Township puts ambulance up for auction  FOX 2 Detroit

Heritage Auctions Awarded Legendary Walter J. Husak Collection of ... - Greysheet Daily News
Heritage Auctions Awarded Legendary Walter J. Husak Collection of ...  Greysheet Daily News

Demystifying Whisky Auctions: An Essential Guide Series for Savvy Collectors - openPR
Demystifying Whisky Auctions: An Essential Guide Series for Savvy Collectors  openPR

Auctions: Two Rolex Daytonas Belonging To Paul Newman To ... - HODINKEE
Auctions: Two Rolex Daytonas Belonging To Paul Newman To ...  HODINKEE

Following $43.1M GMV Sold Last Week, HiBid Auctions Now Feature Antiques, Collectibles and Fundraiser Gift Baskets - Yahoo Finance
Following $43.1M GMV Sold Last Week, HiBid Auctions Now Feature Antiques, Collectibles and Fundraiser Gift Baskets  Yahoo Finance

Optimist-Kiwanis Radio Auction Needing Community Momentum For ... - WPKY
Optimist-Kiwanis Radio Auction Needing Community Momentum For ...  WPKY

Treasury says further bill auctions depend on raising debt limit - Reuters
Treasury says further bill auctions depend on raising debt limit  Reuters

Going once, going twice, gone! Auctions are moving online and ... - Iowa Public Radio
Going once, going twice, gone! Auctions are moving online and ...  Iowa Public Radio

Going once, going twice, gone! Auctions are moving online and ... - KCUR
Going once, going twice, gone! Auctions are moving online and ...  KCUR

Washington Raises $480 Million in Latest Carbon Auction, Group ... - bigcountrynewsconnection.com
Washington Raises $480 Million in Latest Carbon Auction, Group ...  bigcountrynewsconnection.com

Three Rolex Watches Break Records At 2023 Geneva Auctions - HODINKEE
Three Rolex Watches Break Records At 2023 Geneva Auctions  HODINKEE

The Most Expensive Omega Ever Sold at Auction Is Actually a $3.4 Million Fake - Robb Report
The Most Expensive Omega Ever Sold at Auction Is Actually a $3.4 Million Fake  Robb Report

Freddie Mercury memorabilia on display ahead of auction – including scribbled song lyrics expected to fetch more than $1 million - CBS News
Freddie Mercury memorabilia on display ahead of auction – including scribbled song lyrics expected to fetch more than $1 million  CBS News

Chincoteague 'Buy-Back' Foal Up For Auction; Proceeds Used ... - Paulick Report
Chincoteague 'Buy-Back' Foal Up For Auction; Proceeds Used ...  Paulick Report

Orrington waste-to-energy plant slated for auction as owners ... - Maine Public
Orrington waste-to-energy plant slated for auction as owners ...  Maine Public

'Jurassic Park': Sam Neill Auctions Off Original Costumes for Charity - Collider
'Jurassic Park': Sam Neill Auctions Off Original Costumes for Charity  Collider

Are Lavish School Auctions a Crass Relic? Or the Way to Give ... - Willamette Week
Are Lavish School Auctions a Crass Relic? Or the Way to Give ...  Willamette Week

Police block auction of Gina Lollobrigida's art as rival heirs clash - Art Newspaper
Police block auction of Gina Lollobrigida's art as rival heirs clash  Art Newspaper

Hodinkee Editor's Preview The Geneva Watch Auctions 2023 - HODINKEE
Hodinkee Editor's Preview The Geneva Watch Auctions 2023  HODINKEE

Photo Report: The 2023 Geneva Spring Watch Auctions - HODINKEE
Photo Report: The 2023 Geneva Spring Watch Auctions  HODINKEE

San Antonians are bidding for homes at local auctions, and reaping financial rewards - KENS5.com
San Antonians are bidding for homes at local auctions, and reaping financial rewards  KENS5.com

KGIB to host art auction online | Community Life | thebrunswicknews ... - Brunswick News
KGIB to host art auction online | Community Life | thebrunswicknews ...  Brunswick News

How to navigate the world of online auctions - CT Insider
How to navigate the world of online auctions  CT Insider

Annual Bike Auction Sets 2023 Date In Ocean City - Patch
Annual Bike Auction Sets 2023 Date In Ocean City  Patch

Virgin Orbit auctions $36 mln in remaining assets as company folds - Reuters
Virgin Orbit auctions $36 mln in remaining assets as company folds  Reuters

The May Art Auctions Will Feature Fewer Works, Bigger Price Tags - Bloomberg
The May Art Auctions Will Feature Fewer Works, Bigger Price Tags  Bloomberg

Auction Calendar - Farmers Advance
Auction Calendar  Farmers Advance

Propelled by Marie Antoinette's poodle, mid-season Old Masters ... - Art Newspaper
Propelled by Marie Antoinette's poodle, mid-season Old Masters ...  Art Newspaper

"Driving the Dream: Your Ultimate Guide to Luxury Car Auction Success" - A Must-Have Resource for Automotive - EIN News
"Driving the Dream: Your Ultimate Guide to Luxury Car Auction Success" - A Must-Have Resource for Automotive  EIN News

Massive $202 Million Jewelry Auctions Set World Record in Geneva - Bloomberg
Massive $202 Million Jewelry Auctions Set World Record in Geneva  Bloomberg

Investors Appear Satisfied With Auction Technology Group plc's (LON:ATG) Prospects - Yahoo Finance
Investors Appear Satisfied With Auction Technology Group plc's (LON:ATG) Prospects  Yahoo Finance

US oil and gas auction yields nearly $80 million for federal coffers - Reuters
US oil and gas auction yields nearly $80 million for federal coffers  Reuters

Lions auction is Saturday - The County - The County
Lions auction is Saturday - The County  The County

Auction of vast antique tool collection next week in Portville - Olean Times Herald
Auction of vast antique tool collection next week in Portville  Olean Times Herald

P's Crazy Cars Museum collection going to auction - Times Record News
P's Crazy Cars Museum collection going to auction  Times Record News

Garage Sale- 10955 Greenville Road | Auctions, Estate & Garage ... - Times Bulletin
Garage Sale- 10955 Greenville Road | Auctions, Estate & Garage ...  Times Bulletin

Livestock Auction Calendar - June 9, 2023 - AgUpdate
Livestock Auction Calendar - June 9, 2023  AgUpdate

A Golden 15th-Century Altar Panel Is Returning to a Museum 44 Years After It Was Stolen, Thanks to a Keen-Eyed Auction Researcher - artnet News
A Golden 15th-Century Altar Panel Is Returning to a Museum 44 Years After It Was Stolen, Thanks to a Keen-Eyed Auction Researcher  artnet News

'From Hunger to Hope' web3 charity auction to benefit Compassion ... - PR Newswire
'From Hunger to Hope' web3 charity auction to benefit Compassion ...  PR Newswire

Michael Jordan’s Converse All-Star from 1983 game up for auction: Starting at $10,000 - HOLA! USA
Michael Jordan’s Converse All-Star from 1983 game up for auction: Starting at $10,000  HOLA! USA

ANALYSIS: Can Private Equity Firms Win at Failed-Bank Auctions? (1) - Bloomberg Law
ANALYSIS: Can Private Equity Firms Win at Failed-Bank Auctions? (1)  Bloomberg Law

Tastee Diner in Silver Spring auctions off all its iconic equipment and decor - WUSA9.com
Tastee Diner in Silver Spring auctions off all its iconic equipment and decor  WUSA9.com

What's behind Auction Direct's 173-job expansion in Oxford - The Business Journals
What's behind Auction Direct's 173-job expansion in Oxford  The Business Journals

The S.I. Newhouse Auction: 16 Paintings, $177.8 Million - The New York Times
The S.I. Newhouse Auction: 16 Paintings, $177.8 Million  The New York Times

ACV's 2023 Analyst Day Showcases Latest Data & Technology Innovations - ACV Auctions (NASDAQ:ACVA) - Benzinga
ACV's 2023 Analyst Day Showcases Latest Data & Technology Innovations - ACV Auctions (NASDAQ:ACVA)  Benzinga

Letter: Please support our junior livestock auctions - Chico Enterprise-Record
Letter: Please support our junior livestock auctions  Chico Enterprise-Record

Sotheby's Breuer Purchase Brings the Auction House Back to Its ... - Observer
Sotheby's Breuer Purchase Brings the Auction House Back to Its ...  Observer

RM Sotheby’s Auctions the Ferrari Daytona Prototype - Barron's
RM Sotheby’s Auctions the Ferrari Daytona Prototype  Barron's

Brandt William Onorato, 62, Moggies Auction Service - Antiques and the Arts Online
Brandt William Onorato, 62, Moggies Auction Service  Antiques and the Arts Online

Tom Petty items pulled from auction amid theft accusations - Los Angeles Times
Tom Petty items pulled from auction amid theft accusations  Los Angeles Times

Michael Jordan's Olympic Dream Team jacket from 1992 hits auction - NBC Sports
Michael Jordan's Olympic Dream Team jacket from 1992 hits auction  NBC Sports

Rare Tiffany church windows sold for $100K each at auction house in Philadelphia - CBS News
Rare Tiffany church windows sold for $100K each at auction house in Philadelphia  CBS News

24m explorer yacht Timeless sold at auction - SuperYacht Times
24m explorer yacht Timeless sold at auction  SuperYacht Times

DraftKings Marketplace: What You Need to Know About Spring Sports Auctions - DraftKings Nation
DraftKings Marketplace: What You Need to Know About Spring Sports Auctions  DraftKings Nation

FA Cup Shirt Auction Launched - Torquay United
FA Cup Shirt Auction Launched  Torquay United

RCMP search for suspects in Penner Auctions theft - SteinbachOnline.com
RCMP search for suspects in Penner Auctions theft  SteinbachOnline.com

At Christie's '21st Century' Auction, the Sound of Records Breaking ... - The New York Times
At Christie's '21st Century' Auction, the Sound of Records Breaking ...  The New York Times

Sotheby's Auctions off 3AC's NFT Collection for $2.5M - Blockworks
Sotheby's Auctions off 3AC's NFT Collection for $2.5M  Blockworks

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