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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: Auctions, Autos, and Space-Age Watches Mansion Global Hendrick Motorsports surplus online auctions start today through Iron Horse Auction Co. Hendrick Motorsports 'Le Mans' Porsche owned by Jerry Seinfeld doesn't sell Florida auction Houston Chronicle Oregon couple arrested for impersonating firefighters in LA with fire truck bought at auction AccuWeather Rare 'Corinthian' helmet from ancient Greece is up for auction, and stunningly preserved Livescience.com Online judicial sales – Illinois Mortgage Foreclosure Law Enters the Digital Age The National Law Review Heritage Auctions Realizes Nearly $1.9 Billion in Sales During Record-Breaking 2024 - Antique Trader Stephen Album Rare Coins Auction 51 Numismatic News Salem Auction House — a historic hub of community Opelika Observer Pharrell & Nigo to Auction Off Their Archives as Seen at the Louis Vuitton Men's Fall 2025 Show W Magazine O Captain! My Captain! California Auction Upcoming RePlay Magazine Anthony Gobert’s Race-Winning 2000 Bimota SB8K Auction Ultimate Motorcycling Barrett-Jackson Car Auction returns to Scottsdale FOX 10 News Phoenix Restaurant dinner auction to support wildfire relief KELOLAND.com Rare Chanel Sneakers, Nike Air Mags Among Shoe Grails in Nigo and Pharrell Williams’ New Joopiter Auction Footwear News Mexican regulator cancels upcoming 5G spectrum auction RCR Wireless News Potter & Potter Auctions' January, 2025 Fine Books & Manuscripts Sale Realizes $326,838 Cedar Valley Daily Times Photos from the 2025 Barrett-Jackson car auction in Scottsdale The Arizona Republic John G. Kraman Obituary January 12, 2025 Fitzgerald Funeral Home Loraine Lions Club to hold annual consignment auction Feb. 22 Muddy River News Three standout superyachts heading to auction in February Boat International Geneva Cancer Auction raises over $167K Albert Lea Tribune Renewable energy plus storage auctions to gain traction pv magazine India Mecum Auctions happening in Kissimmee from Jan. 7-19, 2025 WESH 2 Orlando Helping Hand Radio Auction Now At $123,921 Radio NWTN consignment auction Archives Muddy River News Bill Clinton's Presidential Limousine auctions for over US$264,000 in a extremely rare sale TheValue.com Zachys: market sees ‘growing confidence’ as auction sales top US$63 million The Drinks Business Heritage’s Winter Sports Cards Catalog Auction WGN TV Chicago PODCAST: 5 leaders on auto auction buy-sell market Auto Remarketing Pakistan eyes June 5G launch, readies for spectrum auction DatacenterDynamics Auctions Flush With Late-Model Farm Equipment Red River Farm Network I tried the problematic cruise ship activity everyone hates to see if it's really that bad Cruise Blog 51m Trinity superyacht Sapphire for sale at auction SuperYacht Times ‘Gravity Falls’ Creator Alex Hirsch and Friends Help Raise Money for L.A. Fires Victims with Special Auction Animation Magazine Connecticut Hockey Foundation to Hold Online Fundraising Auction My Little Falls Items from NewJeans, Billie Eilish, and more music's stars head to Julien's charity auction for California wildfires TheValue.com India Advances Green Hydrogen Production with New Auction FuelCellsWorks Seinfeld declines $25 million bid for 'Le Mans' Porsche Houston Chronicle 2 people used firetruck purchased at auction to impersonate firefighters in Pacific Palisades NBC Los Angeles Early draft of Bob Dylan’s lyrics to ‘Mr. Tambourine Man’ sells at auction for over $500,000 KSHE 95 Collectibles From Dolly Parton, Bruce Springsteen, and K-Pop Superstars Headline MusiCares Auction Mansion Global Donald Trump’s 2007 Ferrari Will Go Up For Auction Next Month South Florida Reporter Original typewritten draft lyrics to ‘Mr. Tambourine Man’ sold for over $500K at Nashville auction WSMV 4 Cod prices dip at Scotland’s Shetland, Peterhead auctions, but still outpace 2024 levels Undercurrent News Radio Auction Starts Jan. 22 FortScott.Biz Champions of Change auction to be held in Birmingham Jan. 25 WIAT - CBS42.com Hintco unveils draft hydrogen sales framework agreement that will form the basis of H2Global offtake auctions Hydrogen Insight Elizabeth Taylor’s Diamond Line Bracelet Going up for Auction National Jeweler Upcoming auction for The St. Augustine Humane Society ActionNewsJax.com 🏎️ Steve McQueen’s legendary Le Mans Porsche race car featured at Florida car show, auction WKMG News 6 & ClickOrlando Iron Horse Auction Company to auction off Hendrick Motorsports equipment, parts | Images Hendrick Motorsports Meander Bidders Were Wide Awake During Mid January Auction Antiques and the Arts Online |
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