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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. ---------------------------------------------------------
MORE RESOURCES: Consignors to This Season’s New York Auctions, Revealed: Who’s Selling Their Art at the November Sales? ARTnews.com Boba Fett’s Blaster Likely to Hit $1M at Auction Boasting Rare ‘Star Wars’ Item The Hollywood Reporter Mickey Mantle jersey, Babe Ruth bat headline historic baseball memorabilia at Louisville Slugger auction Sports Collectors Digest New Orleans Jazz Museum Launches Online Auctions & Fundraising Evening New Orleans Magazine E. Hanby Auctions The Rights To F1 Boys-Love Graphic Novels, Downforce Bleeding Cool News LSEG and Nasdaq partner, MarketAxess’ new auctions, TXSE raises $250M, and more WatersTechnology.com ACV Auctions (ACVA): Assessing Valuation After Sharper Losses, Lowered Outlook, and Share Price Slide Yahoo! Finance Singapore Auction Benefiting Reno Aces’ Team Photographer David Calvert KOLO | 8 News Now Ohtani historic homerun ball - could surpass $1 million at auction Sports Illustrated Safer Spaces’ auction fundraiser — Nov 14 My Southborough Auction of historic Fall River Jewish temple put on hold; multiple buyers are interested Fall River Herald News UIS Visual Arts Gallery marks 50 years with online auction Nov. 10-Dec. 4 The State Journal-Register Section of Hereford Farms subdivision going up for auction with $5.7 million opening bid Clarksville Now Tanzania Cashew Auction Postponed Again to Saturday, Nov. 8, Due to Internet Problems foodmarket.com COMMENTARY: Auctions, advisory, and operational excellence Auto Remarketing Touchdown: Football signed by six presidents auctioned Washington Examiner Temple Beth El members meet for public auction of historic building Fall River Herald News Galatoire Foundation Announces 2025 Christmas Table Auction Date New Orleans Magazine Athletic Department announces online hockey jersey auction Rochester Institute of Technology Athletics Shohei Ohtani rookie card tops Legends Auction during World Series Game 7 - Sports Collectors Digest Shohei Ohtani rookie card tops Legends Auction during World Series Game 7 Sports Collectors Digest Jeep Restomod Accidentally Plows Into C2 Corvette, Trans Am, C7 ZR1 In Auction Parking Lot GM Authority StockX introduces 'StockX Auctions' FashionNetwork USA Last resort: County approves eight foreclosure auctions mtairynews.com Jon Kinzenbaw auction results Farms.com Sale of city properties could bypass public auction Findlay News | The Courier STANFIELD AUCTION - Ad from 2025-11-07 Herald-Review.com Florida men spent $25,000 on mystery container at charity auction and lost it when they discovered which car was inside supercarblondie.com BUDDS Hosts Auction of Horse Racing Memorabilia Thoroughbred Daily News ACV Auctions shares tumble as guidance disappoints Investing.com Lake Township Historical Society to host annual Christmas Dinner and Auction Dec. 5 - Your Ohio News Lakeforest Mall Entrance Signs Up for Auction The MoCo Show - RI is auctioning off unclaimed property. How to get in on a 'golden opportunity.' The Providence Journal BOWMAN AUCTIONS dnronline.com 1st Eagles Super Bowl LIX Ring Hits Auction Block Sports Collectors Daily StockX Launches Its First-Ever Sneaker Auctions House of Heat° The top lots in Sotheby’s Master of Wine fundraising auction The Drinks Business Taylor Swift’s Engagement Ring Designer Makes Her Auction Debut nationaljeweler.com James G. Murphy Announces Brewery Auction in Seattle The Washington Beer Blog Downtown Tacoma hotel auction now set for next year as receivership continues Tacoma News Tribune |
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