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Online Auctions: 5 Ways Your Business Can Benefit From Online Auctions


Online auctions are now the new gold rush on the internet.

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 re-bidding 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.

May you succeed in your online auctions and make a lot of money.

Warmly,

I-key Benney, CEO

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TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Thu. December / 05 / 2019

Treasury Announces Details Of Long-Term Securities Auctions - Nasdaq
Treasury Announces Details Of Long-Term Securities Auctions  Nasdaq

Treasury yields rise slightly as investors monitor US-China trade - CNBC
Treasury yields rise slightly as investors monitor US-China trade  CNBC

Looking For Property? DNR Public Land Auction Starts Tuesday - CBS Pittsburgh
Looking For Property? DNR Public Land Auction Starts Tuesday  CBS Pittsburgh

Netherlands to raise at least 900 million euros in first 5G auction - Reuters
Netherlands to raise at least 900 million euros in first 5G auction  Reuters

Oil companies swap stakes in Mexico as government holds off on auctions - Nasdaq
Oil companies swap stakes in Mexico as government holds off on auctions  Nasdaq

The top auction sales of 2019 Lovemoney - msnNOW
The top auction sales of 2019 Lovemoney  msnNOW

Knoxville Center Mall holding online liquidation auction - WATE 6 On Your Side
Knoxville Center Mall holding online liquidation auction  WATE 6 On Your Side

LiveAuctioneers Appoints Top Auction Industry Executive, Art Broker and Technology Entrepreneur Jared Green to Position of Senior VP of Strategic Accounts - PRNewswire
LiveAuctioneers Appoints Top Auction Industry Executive, Art Broker and Technology Entrepreneur Jared Green to Position of Senior VP of Strategic Accounts  PRNewswire

Labor of Love, cup auction come together - soprissun.com
Labor of Love, cup auction come together  soprissun.com

Rare early Macintosh computer sells at auction for $120K - WAFB
Rare early Macintosh computer sells at auction for $120K  WAFB

Vietnam introduces auction scheme for large-scale PV - pv magazine International
Vietnam introduces auction scheme for large-scale PV  pv magazine International

For Auctions, It’s ‘No Froth,’ but ‘Steady.’ That’s the New Normal. - The New York Times
For Auctions, It’s ‘No Froth,’ but ‘Steady.’ That’s the New Normal.  The New York Times

Do I hear $1,000? Auction of Hahnemann University Hospital equipment begins - Philadelphia Business Journal
Do I hear $1,000? Auction of Hahnemann University Hospital equipment begins  Philadelphia Business Journal

Retired U.S. Coast Guard Bramble sold at auction - Port Huron Times Herald
Retired U.S. Coast Guard Bramble sold at auction  Port Huron Times Herald

Record prices but dismal sell-through rates at Middle East auctions - The ClassicCars.com Journal
Record prices but dismal sell-through rates at Middle East auctions  The ClassicCars.com Journal

Pirates legend Bill Mazeroski putting personal memorabilia up for auction - TribLIVE
Pirates legend Bill Mazeroski putting personal memorabilia up for auction  TribLIVE

US treasury announces refunding auction for next week - ForexLive
US treasury announces refunding auction for next week  ForexLive

Hillsdale Auction to hold first Christmas event this Saturday - Hillsdale Collegian
Hillsdale Auction to hold first Christmas event this Saturday  Hillsdale Collegian

Hollywood Artifacts Take Center Stage at Julien’s Auctions - Barron's
Hollywood Artifacts Take Center Stage at Julien’s Auctions  Barron's

New York State's First Cannabis Auction - PRNewswire
New York State's First Cannabis Auction  PRNewswire

No minimum bid in upcoming Atlantic City auction - Press of Atlantic City
No minimum bid in upcoming Atlantic City auction  Press of Atlantic City

Winebaum’s iconic newspaper boy up for auction - Seacoastonline.com
Winebaum’s iconic newspaper boy up for auction  Seacoastonline.com

Bilbo Baggins' pipe up for auction by Julien's Auctions - TheOneRing.net
Bilbo Baggins' pipe up for auction by Julien's Auctions  TheOneRing.net

Auction of Tyngsboro hotel postponed after bankruptcy filing - Lowell Sun
Auction of Tyngsboro hotel postponed after bankruptcy filing  Lowell Sun

Petrobras supports new auction regime - BNamericas English
Petrobras supports new auction regime  BNamericas English

Pair of Moroccan Resort Villas Head to Auction - Mansion Global
Pair of Moroccan Resort Villas Head to Auction  Mansion Global

Pristine Copy Of First Marvel Comics Issue Auctions For $1.26 Million - DOGOnews
Pristine Copy Of First Marvel Comics Issue Auctions For $1.26 Million  DOGOnews

Record label rejected The Beatles' off these 1962 songs—now tape of the audition could sell for $90,000 - CNBC
Record label rejected The Beatles' off these 1962 songs—now tape of the audition could sell for $90,000  CNBC

Christmas Tree Fantasy auction Thursday - LocalNews8.com
Christmas Tree Fantasy auction Thursday  LocalNews8.com

Rare Lamborghini to be offered at Scottsdale auction in January - KTAR.com
Rare Lamborghini to be offered at Scottsdale auction in January  KTAR.com

Fall Art Auctions See Significant Declines - The New York Times
Fall Art Auctions See Significant Declines  The New York Times

Jewelry, luxury vehicles on the block in next government auction - Mexico News Daily
Jewelry, luxury vehicles on the block in next government auction  Mexico News Daily

Nix Medical Center’s equipment heads to auction - San Antonio Express-News
Nix Medical Center’s equipment heads to auction  San Antonio Express-News

Nicolas Cage's Dream Car from 'Gone in 60 Seconds' Is Now Up for Auction - menshealth.com
Nicolas Cage's Dream Car from 'Gone in 60 Seconds' Is Now Up for Auction  menshealth.com

Long-dated JGB yields down after solid auction, curve flattens - Reuters
Long-dated JGB yields down after solid auction, curve flattens  Reuters

Wright tree and wreath auction is tonight | Local News - Gillette News Record
Wright tree and wreath auction is tonight | Local News  Gillette News Record

GE in Salem auctions off equipment in wake of production shutdown - Roanoke Times
GE in Salem auctions off equipment in wake of production shutdown  Roanoke Times

Hitler's top hat up for auction in Germany - Reuters
Hitler's top hat up for auction in Germany  Reuters

Original Costumes From 1960s Series ‘Batman’ to Be Sold at Auction - Observer
Original Costumes From 1960s Series ‘Batman’ to Be Sold at Auction  Observer

This Season’s Auctions? The “Old Normal” Says Head of Citi Art Advisory - Forbes
This Season’s Auctions? The “Old Normal” Says Head of Citi Art Advisory  Forbes

Schumacher Ferrari F2002 becomes second-most expensive F1 car sold at auction | Formula 1® - Formula 1
Schumacher Ferrari F2002 becomes second-most expensive F1 car sold at auction | Formula 1®  Formula 1

The 'world's fastest UPS truck' has 850 horsepower and is now up for auction - Business Insider
The 'world's fastest UPS truck' has 850 horsepower and is now up for auction  Business Insider

Dallas Auction House Sells a Marvel Comic Book For $1.26 Million - Dallas Observer
Dallas Auction House Sells a Marvel Comic Book For $1.26 Million  Dallas Observer

Rare Gauguin Sells for $10.5 M. at Auction in Paris - ARTnews
Rare Gauguin Sells for $10.5 M. at Auction in Paris  ARTnews

U.S. Treasury to conduct small-value contingency auction of FRNs - Reuters
U.S. Treasury to conduct small-value contingency auction of FRNs  Reuters

Festival of Trees auction raises $15K for Easterseals - Parkersburg News
Festival of Trees auction raises $15K for Easterseals  Parkersburg News

Equines for Freedom Holiday Auction - PAHomePage.com
Equines for Freedom Holiday Auction  PAHomePage.com

YWCA Festival of Trees Auction and Reception is Tonight - SweetwaterNOW.com
YWCA Festival of Trees Auction and Reception is Tonight  SweetwaterNOW.com

Paul Rudolph’s Walker Guest House heads to Sotheby’s auction - Curbed
Paul Rudolph’s Walker Guest House heads to Sotheby’s auction  Curbed

Justin and Hailey Bieber Curate 17 Artworks for Online Charity Auction - HYPEBEAST
Justin and Hailey Bieber Curate 17 Artworks for Online Charity Auction  HYPEBEAST

Former St. Joseph Hospital building to be offered at auction - WNDU-TV
Former St. Joseph Hospital building to be offered at auction  WNDU-TV

Hemp Haven: An Auction and Market Bring the Plant Into the Mainstream - Memphis Flyer
Hemp Haven: An Auction and Market Bring the Plant Into the Mainstream  Memphis Flyer

Christie's Autumn auctions in Hong Kong total HK$2.63 billion - Christie's
Christie's Autumn auctions in Hong Kong total HK$2.63 billion  Christie's

Contents of abandoned Arizona safe deposit boxes go up for auction - KTAR.com
Contents of abandoned Arizona safe deposit boxes go up for auction  KTAR.com

Auction to be held selling memorabilia from baseball Hall of Famer - WPXI Pittsburgh
Auction to be held selling memorabilia from baseball Hall of Famer  WPXI Pittsburgh

Should I buy a car at an auction? - Boston.com
Should I buy a car at an auction?  Boston.com

$100 Million for a Painting? Not This Auction Week - The Wall Street Journal
$100 Million for a Painting? Not This Auction Week  The Wall Street Journal

No Lincoln artifacts auction, foundation extends $9M debt - KTVI Fox 2 St. Louis
No Lincoln artifacts auction, foundation extends $9M debt  KTVI Fox 2 St. Louis

Sotheby’s to Auction The Beatles’ 1962 Audition Tape for Decca Records - Barron's
Sotheby’s to Auction The Beatles’ 1962 Audition Tape for Decca Records  Barron's

Amish Acres Set for February Auction - Inside INdiana Business
Amish Acres Set for February Auction  Inside INdiana Business

From startup to $1.5B: ACV Auctions becomes Buffalo's first 'unicorn' - Buffalo News
From startup to $1.5B: ACV Auctions becomes Buffalo's first 'unicorn'  Buffalo News

BID For Kids – Auction Closes December 11th - WBIW.com
BID For Kids – Auction Closes December 11th  WBIW.com

Hempfield golf course hosting auction as it goes out of business - TribLIVE
Hempfield golf course hosting auction as it goes out of business  TribLIVE

3 Auctions Rule Digital Advertising. Here's A Guide To Navigating Them - AdExchanger
3 Auctions Rule Digital Advertising. Here's A Guide To Navigating Them  AdExchanger

SEVEN Concours, Powered by Silverstone Auctions, Brings the Riyadh Car Show Auction 2019 to Global Bidders via Proxibid - Associated Press
SEVEN Concours, Powered by Silverstone Auctions, Brings the Riyadh Car Show Auction 2019 to Global Bidders via Proxibid  Associated Press

Orland Park Police Department To Hold Public Auction - Patch.com
Orland Park Police Department To Hold Public Auction  Patch.com

These Ultra Rare Rolexes Are About to Hit Auction, Here’s What You Need to Know About Them - Highsnobiety
These Ultra Rare Rolexes Are About to Hit Auction, Here’s What You Need to Know About Them  Highsnobiety

Auction Houses Find Singular Works for Fall Sales - Barron's
Auction Houses Find Singular Works for Fall Sales  Barron's

City of Broken Arrow selling surplus equipment in online auction - KTUL
City of Broken Arrow selling surplus equipment in online auction  KTUL

Festival of Trees auction takes place on Friday - Zanesville Times Recorder
Festival of Trees auction takes place on Friday  Zanesville Times Recorder

Curacao court calls for auction of seized Venezuelan crude - S&P Global
Curacao court calls for auction of seized Venezuelan crude  S&P Global

The First-Ever Marvel Comic Book Has Sold at Auction for $1.26 Million - Observer
The First-Ever Marvel Comic Book Has Sold at Auction for $1.26 Million  Observer

This nirvana for nerds & collectors is hidden in the middle of a York, Pa. industrial park - York Daily Record
This nirvana for nerds & collectors is hidden in the middle of a York, Pa. industrial park  York Daily Record

Crown Vics, Saddle Featured In Loudoun Surplus Property Auction - Leesburg, VA Patch
Crown Vics, Saddle Featured In Loudoun Surplus Property Auction  Leesburg, VA Patch

Participate in the Denver Nuggets Holiday Auction! - Nuggets.com
Participate in the Denver Nuggets Holiday Auction!  Nuggets.com

Poland plays catch-up with launch of major renewable energy auction - Reuters
Poland plays catch-up with launch of major renewable energy auction  Reuters

Union County Farmland Goes for $6M in Auction - Inside INdiana Business
Union County Farmland Goes for $6M in Auction  Inside INdiana Business

Murray Will Auction Stadium Series Equipment To Benefit Delta Foundation - NHL.com
Murray Will Auction Stadium Series Equipment To Benefit Delta Foundation  NHL.com

SWLA natives to auction cleats as part of NFL’s ‘My Cause, My Cleat’ initiative - KPLC
SWLA natives to auction cleats as part of NFL’s ‘My Cause, My Cleat’ initiative  KPLC

Former ACV Auctions employees files legal complaint against company - Buffalo Business First - Buffalo Business First
Former ACV Auctions employees files legal complaint against company - Buffalo Business First  Buffalo Business First

This UPS truck has 850 horsepower and it's up for auction - Autoblog
This UPS truck has 850 horsepower and it's up for auction  Autoblog

Temple Bnai Israel to present Winter Wonder Auction - Norwich Bulletin
Temple Bnai Israel to present Winter Wonder Auction  Norwich Bulletin

Charlie Sheen's 'Major League' Memorabilia Items Up for Auction - TMZ
Charlie Sheen's 'Major League' Memorabilia Items Up for Auction  TMZ

National Teachers Hall of Fame radio auction total now almost $25,000 and counting - kvoe.com
National Teachers Hall of Fame radio auction total now almost $25,000 and counting  kvoe.com

Hoboken Shelter To Hold Annual Winter Auction - Hoboken, NJ Patch
Hoboken Shelter To Hold Annual Winter Auction  Hoboken, NJ Patch

Maker’s Mark, glass artists teaming up for one-of-a-kind bottles - Lexington Herald Leader
Maker’s Mark, glass artists teaming up for one-of-a-kind bottles  Lexington Herald Leader

Sacramento artist Thiebaud’s ‘Blueberry Custard’ fetches $3.225 million at auction - Sacramento Bee
Sacramento artist Thiebaud’s ‘Blueberry Custard’ fetches $3.225 million at auction  Sacramento Bee

NASCAR UPS Truck of Race the Truck Commercial Pulled from Auction - Car and Driver
NASCAR UPS Truck of Race the Truck Commercial Pulled from Auction  Car and Driver

Art Market 2019: NYC's Biggest Art Auction Sales To Tumble - Bloomberg
Art Market 2019: NYC's Biggest Art Auction Sales To Tumble  Bloomberg

ACV Auctions closes on $150 million in venture capital, the largest single round in Buffalo history - Buffalo Business First - Buffalo Business First
ACV Auctions closes on $150 million in venture capital, the largest single round in Buffalo history - Buffalo Business First  Buffalo Business First

Exclusive: Failed Exxon talks left Petrobras stranded for auctions - sources - Reuters
Exclusive: Failed Exxon talks left Petrobras stranded for auctions - sources  Reuters

Palatial Beach Estate in a Thailand Beach Resort Up For Auction - Mansion Global
Palatial Beach Estate in a Thailand Beach Resort Up For Auction  Mansion Global

Paris auction offers chance to step into Napoleon's shoes - Reuters
Paris auction offers chance to step into Napoleon's shoes  Reuters

Artist Peter Max’s late wife Mary’s jewelry is heading to auction - Page Six
Artist Peter Max’s late wife Mary’s jewelry is heading to auction  Page Six

Original Star Wars trilogy is center of next prestigious Sotheby’s auction - The Verge
Original Star Wars trilogy is center of next prestigious Sotheby’s auction  The Verge

Big oil stuns Brazil in back-to-back auction flops - Reuters
Big oil stuns Brazil in back-to-back auction flops  Reuters

Rare Mozart portrait flies above presale estimate at Paris auction - Reuters
Rare Mozart portrait flies above presale estimate at Paris auction  Reuters

New Heights assets being sold via online auction - Seacoastonline.com
New Heights assets being sold via online auction  Seacoastonline.com

Vintage Marvel Comics book sells for record $1.26 million at auction - Reuters
Vintage Marvel Comics book sells for record $1.26 million at auction  Reuters

Most of Boulder Beer's Equipment Goes Up for Auction - Westword
Most of Boulder Beer's Equipment Goes Up for Auction  Westword

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