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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: A Ten Commandments Tablet Sells for More Than $5 Million at Auction The New York Times Rip and replace funds AND an auction: Happy New Year! Fierce Network Junior Caminero MLB Debut Patch Sells For $66,000 At Auction Baseball America Unclaimed treasures find new homes at Oklahoma auction KFOR Oklahoma City Shelby Cobra replica from “Bad Boys” heads to auction Motor Authority Sharing the Shared Rides Through Double Auctions – Lubar College of Business University of Wisconsin-Milwaukee The Most Expensive Diamond Jewelry Auctions of 2024 Only Natural Diamonds Selected Western livestock auctions Capital Press Christie’s Wine Department Final Auctions of the Season Achieved $2.6 Million wineindustryadvisor.com 9 of the Most Exceptional Jewels Sold at Auction in New York Galerie Magazine Ancient Ten Commandments tablet sells for $5 million at Sotheby's auction The Jerusalem Post 2010 Ford F-150 Lariat With 14K Miles Up For Auction Ford Authority Ken Paxton Hits the Brakes on Biden’s Plans for Border Wall Auctions The Dallas Express Pagani Huayra R for sale at RM Sotheby’s Paris auction in 2025 The Supercar Blog Last bids for 2024, please: collector car auction market in review Magneto magazine Longtime director of Starlight Auction honored North Fort Myers Neighbor Stuttgart Rotary Club hosts record-breaking 74th Annual Radio Auction on Country 97.3 Stuttgart Daily Leader Romania declares winners of its wind, solar power CfD auctions Balkan Green Energy News Deal Dash: Historic Second Avenue building heads to auction next month The Business Journals The Auction of a Legend! The 1989 Ferrari F40 Fetches Millions queerfeed.com.br 2002 Lincoln Blackwood With 44K Miles Heading To Auction Ford Authority With repeal measure rejected, WA carbon auction prices surge Washington State Standard Need a car lift, or a dozen of them? Contents of former Erie Toyota dealership to be sold GoErie.com 2022 Cadillac XT4 Sits in Auction Yard, Full of Pink Marker Circles. What's Wrong With It? autoevolution GOP senator moves to block feds from disposing of border wall materials amid auction backlash Fox News Arizona’s unused border wall materials were ordered to be pulled from auction site Washington Examiner Kaufman's office building at Gravity II in Franklinton appears to sell at auction The Business Journals Bob Dylan Instruments, Handwritten Lyrics, Photos, & More Going Up For Auction - Live for Live Music Bob Dylan Instruments, Handwritten Lyrics, Photos, & More Going Up For Auction Live for Live Music Going Into Year 3 Without FCC Spectrum Auction Authority BroadbandBreakfast.com GOP hysterics over border wall auction are actually hysterical | Opinion The Arizona Republic Gravity office auction: What the sale could mean for the Columbus office market The Business Journals Ten Commandments tablet, said to be 1,500 years old, goes up for auction America: The Jesuit Review Brazil to add four more pre-salt areas to future oil auctions Upstream Online 1998 Ford Contour SVT With 36K Miles Up For Auction Ford Authority Ten Commandments tablet surpasses estimates at Sotheby’s despite authenticity questions Catholic News Agency Fall Government Surplus Auctions to be Hosted Online Nov. 19, 20 With Public Preview Starting Friday Clark County (.gov) Without Drama or Banana, Art Auctions Struggle The New York Times MLB sells Aaron Judge dropped World Series ball at auction for $43,510 The New York Times |
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