Net Auctions and Auction Information |
|
Selling through Auction Marketplaces
Consumers are increasingly feeling more comfortable in buying products through the Internet. According to a report released recently by the Department of Commerce first-quarter retail salesrose 23.8 percent to US$ 19.8 billion in the United States from US$ 16 billion a year ago. E-commerce sales during the first quarter of 2005 rose 6.4 percent from the fourth quarter of last year. Forrester Research estimated that 2005 online retail sales will increase at a pace of 22 percent. Today, a third of all households in US make at least one purchase online within a year,a figure which will grow to almost 40 percent by 2009, predicts Forrester. As a seller, this strong growth of online sales means that you have to put considerable stress on your Internet sales endeavor if you are not doing this as yet. According to statistics compiled for the Internet Retailer Top 400 Guide, the top retailers in 2004 garnered combined online sales of more than US$ 51 billion, which accounts for 58.3 percent of all US Internet sales. The growth in online sales is quite impressive for large retailers. J.C. Penny Co. Inc., for example, reported a 35 percent year-over-year rise of online sales in May, 2005. Can new online ventures boast same type of significant growth? Unfortunately, not! Each day, there are thousands of new companies are setting up shops on the Internet trying to sell every conceivable type of products and services. Most of these websites do not attract enough visitors to make them profitable. Competition on the Internet is fierce! Internet marketing campaigns are becoming increasing expensive. Many small companies can't afford to spend money required to promote their sites. So, what are the options available for a small company with modest product range to thriveon the Internet? One of the best sales channels, in my opinion, on the Internet by far is auction marketplaces. Of course, no matter what, you will still need to promote your website with allthe methods you can master. However, selling your products and services through established auction marketplaces has its own advantage. eBay With 63.8 million unique visitors hitting the auction site only in April of this year, eBay has established itself as the largestmarketplace on earth. In 2004 alone US$ 34.2 billion worth of merchandize exchange hands on eBay. Presently, the site has around 135 million registered users in 32 markets worldwide. With such a vast community of buyers and sellers, eBay should be your number one choice for selling your products or services online. On the eBay you can sell any kind of item. The varieties of stuffs people are selling through eBay are mind boggling! At any given time there are over 29 million items displayed on eBay.The number of new items added each day exceeds 3.5 million. However, still many offline sellers perceive eBay as an auction site for mainly collectible items. They can't be more wrong! The largest selling category on the eBay is, believe it or not, automobile and accessories, which comprises of almost 22 percent of all sales. I have, personally, bought three luxury cars over the course of last two years through eBay and I have nothing to complain about. As a seller on the eBay, the biggest advantage that you gain is the possibility of becoming from a local merchant to an international player over night. If you are already selling merchandize to consumers online or offline, eBay gives you an additional sales channel without any extra cost. If you are planning to begin selling goods or services through the Internet,eBay allows you to start your business online quickly and with minimum expenses. Yahoo You may have difficulty in imagining the biggest portal on our planet as a marketplace, in some countries, like Japan and Canada, Yahoo auction is, actually, doing better than eBay. In the US market Yahoo has just announced its intention to eliminatefees charged for using its auction site. This is a good news for even many eBay power sellers. Some of them will definitely move to Yahoo in a bid to save on high fees charged by eBay. The good thing about Yahoo is slowly it is becoming a major hub for many small business web stores. As a matter of fact, according to Yahoo, every eighth online store is now hosted by Yahoo. Amazon Amazon, may be is not as popular as eBay or Yahoo as far as auction marketplace is concerned, however, many auctioneers claimthat some of the products sell better on Amazon than any other auction marketplace. Why should you consider selling through auction marketplaces? Here are some reasons, why auction marketplaces are viable sales channel for businesses: ? The auction marketplaces are very popular and each of them has huge community of buyers and sellers. ? There is virtually no start-up cost involved. ? No extra overhead is required. ? You really don't have to set up a website to start selling. ? Easy to learn. While determining what to sell through auction marketplaces, choose your products very carefully. Don't try to sell products like DVD, cellular phones and similar common items. There are waytoo many people are trying to sell those products. Do your research before jumping into online auctions. Go through the categories of your choice. See how your competitors are doing. Check out the listings of sold items. For how much the products you intend to list are getting sold for? What keywords your prospective competitors are using to market these products? On which auction site these products are selling better? Go with the trend! Travel, cosmetics and jewelry sales are expected to do better than other categories of e-commerce in coming years. In every category of goods and services you will find a niche, which is doing fairly well. All you have to do is find that niche by making extensive and thorough research! Selling through auction marketplaces like any other business process requires sound judgment and careful planning. Be sure to use them before starting your online sales. Nowshade Kabir, is the founder, primary developer and present CEO of Rusbiz.com - a Global B2B Exchange with solutions to create e-catalog, Web store, business process management and other features to run a business online. You can read various articles written by Nowshade Kabir at http://ezine.rusbiz.com.
MORE RESOURCES: Long-Lost Klimt Painting Sells for $37 Million at Auction The New York Times Investors Flock to Two-Year U.S., German Bond Auctions but For Different Reasons The Wall Street Journal Ukraine Auctions Off $200M Russian Yacht The Maritime Executive Woman’s car stolen twice, sold by police at auction WREG NewsChannel 3 Friends of the Baxter County Library Auctions ongoing until Tuesday Mountain Home Observer Jamie Clare triumphs in Olds Sport Auctions mini Order of Merit Yahoo Eurosport UK Auction house opens for business in Utica The Central New York Business Journal A lost guitar that belonged to John Lennon is going up for auction in NYC. Here's where to see it. CBS New York Pantera Buys Discounted SOL in FTX Auction Crypto Times Real Estate Quarterly: Auctions On the Rise Los Angeles Business Journal Cantwell Releases Draft Legislation to Restore FCC Auction Authority, Fund ACP, Rip and Replace BroadbandBreakfast.com U.S. Treasury auctions off $44 billion of the seven year notes at a high yield of 4.716% - ForexLive Youth First holds 22nd Annual Passport to Adventure auction 14 News WFIE Evansville Landmark Two-Part Auction Realises a Combined Total of £2269276 wineindustryadvisor.com Downtown Tucson high-rise building set to be auctioned Arizona Daily Star Sonja Morgan is auctioning her NYC townhouse after 11 years spent on and off the market New York Post A Castle Built for a Carnegie Will Sell at Auction Mansion Global Al Capone's “Sweetheart” Colt .45 Pistol Announced for Auction by Richmond Auctions Chronicle-Tribune Rock Island Auction Company to help Olympians WHBF - OurQuadCities.com US unveils plan for up to 12 offshore wind auctions by 2028 Renewables Now Holy Harley Quinn, the comic book cover auction is back! The Winchester Star ViaBTC auctions 'epic sat' after mining Bitcoin's halving block and holding back rewards - The Block Black Hills Auction First Annual Spring Coins, Guns, & Western Memorbilia Auction Gillette News Record Muhammad Ali’s former lawyer auctions off hundreds of items signed by ‘The Greatest’ KTLA Los Angeles Champions Circle launches memorabilia auction with Michigan NFL draftees, all proceeds support Team 145 Maize n Brew Portrait by Gustav Klimt sells for $32m at Vienna auction Al Jazeera English BloodHorse MarketWatch: Classic Contenders at Auction BloodHorse.com Long-lost portrait by Gustav Klimt fetches EUR 30 million at Viennese auction Prestige Online Malaysia Estuarium’s benefit auction ends tomorrow The JOLT - The Journal of Olympia Lacey & Tumwater The Center Orlando to host ‘A Seat at the Table’ art auction Watermark Online Kentucky Derby Betting Angles presented by FanDuel: Homebreds vs. Auction Purchases - Paulick Report Iconic gun owned by Al Capone up for auction in Greenville | Greenville News The Post and Courier “World’s Greatest Fishing Auction” Now Open The Bass Cast John Lennon’s ‘Help!’ Guitar Headed to Auction After Spending the Last 50 Years in an Attic Rolling Stone US sets plan for 12 offshore wind auctions over five years 1470 & 100.3 WMBD Kentucky Department of Fish and Wildlife Resources to hold spring surplus item auction May 6 in Frankfort - NKyTribune User-generated content Rare Stub from Jackie Robinson's 1st Homer at Auction Sports Collectors Daily Auction, tea to raise funds for Stone Library Mount Airy News 'Epic Satoshi' From Bitcoin's 4th Halving Fetches Over $2.13 Million at Coinex Auction – Bitcoin News Bitcoin.com News Main Line estate once home to Campbell Soup heir heads to auction - Philadelphia Business Journal The Business Journals Treasury Yields Stable After Record 5-Year Auction The Wall Street Journal |
RELATED ARTICLES
Why 95% of All eBay Sellers Fail eBay is now the 8th most visited site on the internet and it has just one purpose - sales. With 40 million visitors per month most eBay sellers are missing a golden opportunity. Your eBay Username - What Does It Say About You? Have you tried to register a decent eBay username and been frustrated at the poor names left available? With over 125 million people using eBay in 2004 it is understandable that a lot of the good ones have gone.How important is registering a good eBay username (User ID) anyway? Well that depends - you may be wanting to register a username for business use so getting the right one would be important. Taxing Your eBay Profits As a small business person-slash-advice columnist I dread the first quarter of the new year. Not because in my mind my own business fortunes start at zero again every January or because I have already dismissed every New Year's resolution I made when the clock rang out the New Year. Auction Image Hosting for Ebay Auctions: Free Single Most Recommended Tip It is a well known fact that the more pictures taken of an item, the better it will sell. Not only will you get more bids, but you will make a superior final profit. Before You Sell On Ebay, Take The Most Important Step If you want to earn a full-time income selling on Ebay,you must take the first and most important step in allsuccessful business ventures: you must accept that itis possible.This probably sounds really trite--and maybe it is, butthat doesn't mean it's any less true. What To Do After Your eBay Auction Closes So your auction closes. Now what?Hopefully you made a sale or several sales. Affordable Online Car Auctions Still hunting for the car of your dreams? Public car auctions online are becoming a happy hunting ground for car aficionados for they bring you a huge selection of affordable cars in various models at unbelievable prices.With online car auctions you can buy a new car at prices, which are quite less than the manufacturer's price in the retail showroom. The Effects of eBay on American Merchandising With one brilliantly simple idea, eBay was born just a few short years ago.From its humble beginnings in the Collectibles business, it went on to achieve the lofty heights it enjoys today. What YOU Must Know About The Advantages And Pitfalls Of Dropshipping The following may be the most important information about dropshipping you will find.Dropshipping can be a great way to get started with your online venture. Get More for Your Money Shopping for Designer Shoes on eBay The worlds online market place.In just a few short years eBay has become a household name and millions of people are registered users benefiting from the enormous variety of auctions listed every day. Start Your Own Business: Sell Things on eBay The popularity of online auction site eBay has beenlegendary. With millions of transactions completed daily,it is no surprise why many individuals who do not usuallyshop online regularly purchase items through eBay. When You Need Extra Cash Ebay Fits the Bill We all have items in our closets and stuffed in drawers that we no longer have a use for. Some of us use our free time to manufacture craft items that we give to our friends and families for gifts, and still others of us buy candles and other items in bulk to sell to family and co workers for a little extra cash. Selling on Ebay-Get Started in 7 Easy Steps Ebay auctions are definitely the easiest and fastest way to start earning money online. Ebay. Hurricane Katrina Donations Could be Many Millions More - EBay Sellers Try in Vain to Help Yesterday I saw a mention in someone's email ezine about a kind person who had an eBay auction with the proceeds going 100% to help victims of the horrible Hurricane Katrina.It struck a chord with me because I had wanted to set up something similar, but found that the "eBay Giving Works" charity program seems to be terribly flawed for us small sellers. Is The eBay Fee Increase Actually Good For Business? Fee Increase Leaves Some Sellers Angry, Others ThrilledMuch of my email from readers this month concerned the recent announcement from eBay that it will increase many seller fees on February 18, 2005. Since many business people use eBay's online store system as their primary ecommerce point of sale, it's no surprise that most of the emails I received were of the angry variety. Taking Paypal on eBay Accepting Paypal as a payment method might increase your selling prices and your profits. This depends on what you are selling. A Picture Paints a Thousand Words and Creates Auction Euphoria on eBay Ever since I sold my first item on ebay I have been addicted to the site and I have steadily developed it as a supplementary source of income over the last two years. As I gained experience from listing items, I rapidly became aware that the inclusion of pictures in the listings was a major selling point as buyers could literally see what they were buying and as such create a greater interest and desire within them which in turn led to greater selling prices. Is Your Trash Cash? 5 Easy Places to Sell Your Stuff The old adage that says "one person's trash is another person's treasure" never goes out of date. So when you're looking for some extra spending cash and you want to make some space in your home, combine the two endeavors by selling your stuff instead of donating it or trashing it. From Ebay Zero to Power-Selling Hero: Don't Be That Random Ebay Guy If I could convey only one concept to someone who wasabout to start selling on Ebay, it would be this: no one has ever purchased anything on Ebay with this in mind--"I think I'll buy something on Ebay from some random guy and pay more than I would at the storedown the street."No one has ever said that. eBay Auction Bidding Strategies--Overcoming the most Frustrating Situation on eBay The Problem.. |
home | site map |
© 2006 |