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Smart Ways Your Business Can Benefit From Online Auctions
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 rebidding 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.
Big hopes for online vanity plate auctions Glenwood Springs Post Independent
Antiques and Collecting | French artist’s pottery a frequent seller at auctions - The Columbus Dispatch
Antiques and Collecting | French artist’s pottery a frequent seller at auctions The Columbus Dispatch
One of Kurt Cobain's iconic sweaters is going up for auction, and it's expected to sell for more than $300,000 - INSIDER
One of Kurt Cobain's iconic sweaters is going up for auction, and it's expected to sell for more than $300,000 INSIDER
It was the nation’s largest auction of enslaved people. Now, a search for descendants of the ‘weeping time.’ - The Washington Post
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Kurt Cobain’s unwashed cardigan from ‘Unplugged’ goes up for auction New York Daily News
Classic car auction rolls into Las Vegas for 3-day event Las Vegas Review-Journal
Want an Anthony Bourdain keepsake? Now’s your chance with an auction of his possessions. - The Washington Post
Want an Anthony Bourdain keepsake? Now’s your chance with an auction of his possessions. The Washington Post
38 properties on Warren County tax auction list Glens Falls Post-Star
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Owner, 88, conflicted over auction sale of Lone Pine Market Observer-Reporter
Swedish Government Auctions Cryptocurrency Again Bitcoin News
Larry's likes at Mecum Auctions third annual Las Vegas sale The ClassicCars.com Journal
Up for Auction: Snapshots of Jackie Kennedy in India and Pakistan The New York Times
Steamboat To Auction Ski Run Signs CBS Denver
Cleveland Police auto auction preview: See 54 cars, trucks, motorcycles available Saturday - cleveland.com
Cleveland Police auto auction preview: See 54 cars, trucks, motorcycles available Saturday cleveland.com
1st cabin placed on new gondola at Steamboat Resort; online auction of old trail signs opens Monday - Steamboat Pilot & Today
1st cabin placed on new gondola at Steamboat Resort; online auction of old trail signs opens Monday Steamboat Pilot & Today
Vanity plate auction raises thousands for disabled Coloradans The Denver Post
Lee Radziwill Christie's Auction: Treasures From the Homes and Closets of an American Socialite - Vanity Fair
Lee Radziwill Christie's Auction: Treasures From the Homes and Closets of an American Socialite Vanity Fair
Will carriers bet big at the third mmWave 5G auction? FierceWireless
Imperial Mall up for auction at end of October Hastings Tribune
Penny auction set at church The Greater New Milford Spectrum
Huge auction showcases life of 'The Clock Guy' Olean Times Herald
Couple takes an unexpected plunge into online auctions Mankato Free Press
Rihanna's Brother Touts Luxury Cigar Label With Auction of $1.2M Box Sets Hollywood Reporter
Conestoga House headed for online auction in November LancasterOnline
Annual plant sale and tree auction KJCT8.com
1-of-40 Ford GTX1 roadster conversion up for auction Motor Authority
JPD vehicle auction begins next week Juneau Empire
77-Acre Solar-Powered Farm in New Jersey Heads to Auction Mansion Global
Virtual Tour: Autumn Auctions Hong Kong 2019 Christie's
Paul Walker's personal car collection is going up for auction Business Insider
‘Every acre counts’: The mad dash to save historic Hilton Head land from tax auction - Hilton Head Island Packet
‘Every acre counts’: The mad dash to save historic Hilton Head land from tax auction Hilton Head Island Packet
Leading Wine Auction House Acker Partners with CellArt wineindustryadvisor.com
John Curley’s adventures falling off the stage at an auction MyNorthwest.com
Pieces of 'Camelot' up for auction in Amesbury The Salem News
Coal mine auctions: Ministry will allow mines with less than 3 bidders to go under hammer - BusinessLine
Coal mine auctions: Ministry will allow mines with less than 3 bidders to go under hammer BusinessLine
Ethereum Name Service Auctions Halted Because of a Bug Cointelegraph
Legendary golfer Gary Player auctions replica Claret Jug from 1968 Open Championship victory - Fox Business
Legendary golfer Gary Player auctions replica Claret Jug from 1968 Open Championship victory Fox Business
Lee Radziwill Auction Includes Gifts Shared With Jackie Kennedy Onassis Hollywood Reporter
Ferraris dominate Bonhams collector car auction at Zoute GP The ClassicCars.com Journal
Parmalat Founder’s Art Collection Heads to Auction in Milan The Wall Street Journal
LeBron James jersey auction: Los Angeles Lakers star's 2002 high school basketball jersey up for auction - CBS News
LeBron James jersey auction: Los Angeles Lakers star's 2002 high school basketball jersey up for auction CBS News
32-Acre Estate in Colorado Will Hit Auction Block Next Month Mansion Global
Online auction of assets in IBC resolution Economic Times
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