Online Auctions: 5 Ways Your Business Can Benefit From Online Auctions
Online auctions are now the new gold rush on the internet.
It seems as if everyone is talking about online auctions. And why not. There are thousands of online auctions on the internet with more popping up everyday.
People love them because they can usually find great bargains. Businesses are now also seeing the benefits of online auctions.
Below are five ways your business can benefit from online auctions.
1. Get Rid Of Excess Inventory
You could sell your excess or discontinued products at an online auction. Your unsold inventory is doing you no good sitting around, collecting dust. It's an effective way to make extra income and it won't be a total loss for your business. You could even get lucky and make a profit depending on how much people will bid for your excess inventory.
2. Test Pricing For New Products
An easy way to test new product prices is to see what people will bid for them at an online auction. First, sell your product at three different online auctions. Next, calculate the average selling bid from all three auctions and that will be your selling price for your new product.
3. Sell Your Products
You can get your product in front of a large audience by selling it at an online auction. Some of the bigger auction sites draw over millions of hits a year. The key to being successful is to sell your product at multiple online auctions at the same time. Let's say you sold one product a day from just one auction site. If you sell your product at one hundred online auction sites that would be one hundred sales a day!
4. Start Your Own Online Auction
Drive traffic to your web site by starting your own online auction. People will visit your web site to find bargains and to sell their own products. You will get plenty of repeat visitors from people re-bidding on products and adding new products to sell. You could also charge other businesses to advertise on your web site.
5. Lower Your Business Costs
You can find lower prices on business supplies and equipment at online auctions. I'm not saying all the time, but before you go pay retail for a new printer try bidding on one first. A company may be selling them at a lower price at an online auction because they have excess inventory.
May you succeed in your online auctions and make a lot of money.
Warmly,
I-key Benney, CEO
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Latest News
![]() Wall Street Journal Blogs | Bush Takes Steps to Ease Holiday Air Travel Delays New York Times, United States - The airlines would pick half of the slots to be auctioned and the government would choose the other half. Transportation officials said the auctions at the ... Video: Bush Tries to Ease Air Travel Congestion Bush Unveils Operational Initiatives Bush: Government should 'make airlines more accountable' |
![]() Edmonton Journal | Is the sky falling on auto auctions? Canada.com, Canada - A 1938 Bugatti Atalante was up for auction in London last month. Mind you, the cars that have been demanding and receiving huge money at auction have to be ... Barrett-Jackson to auction off first Thunderbird |
Austria Clearingbank in first interbank auction Forbes, NY - In Wednesday's maiden auction, banks could say how much 2-month and 3-month money they were either offering to lend or requesting to borrow. ... |
Bargains Galore During Extended Happy Hour Auctions At eBid.Net PR Web (press release), WA - In the run up to the holidays, online auction site, eBid.net is giving bargain hunters the chance to snap up the best deals from the comfort of their own ... |
Mass. regulator accuses Oppenheimer & Co. of fraud The Associated Press - The complaint alleges Lowenthal sold nearly $1.8 million in such securities two weeks before auctions began to fail in February. The complaint also alleges ... Oppenheimer Accused in Auction-Rate Complaint Brokerage is charged with fraud The Region in Brief |
UK auctions 4 million EU CO2 permits Reuters UK, UK - LONDON (Reuters) - The government said it auctioned 4 million European Union carbon emissions permits on Wednesday at 16.15 euros (13.5 pounds) a tonne. ... Bloomberg to be the Auction Platform for UK Carbon Allowances in ... UPDATE 1-EU carbon rises following UK permit auction |
UPDATE 1-Bank of Canada to adjust purchases at auctions Reuters - TORONTO, Nov 17 (Reuters) - The Bank of Canada said on Monday it is adjusting its purchase of nominal bonds at auctions for balance sheet purposes, ... Bank of Canada says no transactions for term PRA Bank of Canada gives details on liquidity measures |
ConocoPhillips auctions off plant KFSM, AR - The company is hoping for a minimum bid of $1.25 million in its online auction. The buyer will need to move the plant out of Ponca City. ... |
Study Suggests Buying Toxic Assets Could Work NPR - Ausubel and Cramton had run these auctions before, and on a large scale. They began working on a plan with officials at the Treasury Department. ... Gaming The Financial System |
Joey Kramer Auctions off the Ultimate Aerosmith Experience! Aerosmith - Joey Kramer is going to attend the live auction on Thursday in NYC to hand off his drum set from his last tour to its NEW lucky owner! ... |
Resources
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SeizedRealEstate.com :: #1 In Property Auction Bargains!
SeizedRealEstate.com :: Official Site :: House Bargains
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Free Government and Private Foundation Grants - Satisfaction Guaranteed or Your Money Back (See Guar
Auto auctions
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Bad Credit Loans - Personal Loans - Credit Cards - Home Loans - Auto Loans - Credit Repair
Bad credit loans and credit cards - personal loans - high risk loans - credit repair - free government grants - government auctions - police auctions - debt consolidation - filing bankruptcy
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Garage Sale Strategies for eBay Success - Find Profitable Hidden Bargains at Garage Sales
The eBay® Sellers Guide to Finding Profitable Hidden Bargains at Garage Sales to resell on online auctions.
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Government Seized auctions - CarAuctionSources.com
Government Seized auctions - Listings in every US state. Instant search.
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auctionsPASS Government auctions - Seized, Surplus, and Unclaimed Cars and Property Items.
auctionsPASS covers all types of government auctions including seized, surplus, and unclaimed property items : luxury seized cars, boats and vessels, real estate, personal property items, unclaimed money and more.
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SeizedElectronics.com ::: Official Website ::: Cheap Brand Name
Electronics
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SEIZED LUXURY HOMES Your #1 source for Real Estate Bargains!
SeizedLuxuryHomes.com Your #1 resource for government auctions including seized, surplus, and unclaimed property items : luxury seized cars, boats and vessels, real estate, personal property items, unclaimed money and more.
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RepoAutos.org - Repossessed Cars - Seized Vehicles - Public auctions
RepoAutos.org - Repossessed Cars - Seized Vehicles - Public auctions
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BoxesOfCash.com - Secrets of the Storage Units. find info on storage unit auctions and more
Storage Unit auctions are one of the greatest places to find merchandise. You will find some of the most incredible deals.

