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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 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.

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TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Sun. November / 17 / 2019

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

Farmland Auctions: A Wild Day in Southeast South Dakota - Successful Farming
Farmland Auctions: A Wild Day in Southeast South Dakota  Successful Farming

Retail space, bank branches make strong showing in auctions - PRNewswire
Retail space, bank branches make strong showing in auctions  PRNewswire

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

Port of Kennewick auctions off portion land in Southridge area - NBC Right Now
Port of Kennewick auctions off portion land in Southridge area  NBC Right Now

London's auctions give insight into Islamic art | Zainab Mehdi - The Arab Weekly
London's auctions give insight into Islamic art | Zainab Mehdi  The Arab Weekly

Livestock auctions | News - Cadillac News
Livestock auctions | News  Cadillac News

Companies pushing controversial 5G spectrum auction offer to give at least 30% of proceeds to U.S. Treasury - MarketWatch
Companies pushing controversial 5G spectrum auction offer to give at least 30% of proceeds to U.S. Treasury  MarketWatch

Disneyland and Walt Disney World Treasures Go to Auction - Hyperallergic
Disneyland and Walt Disney World Treasures Go to Auction  Hyperallergic

2020 Naples Winter Wine Fest showcasing luxurious destination auctions - Wink News
2020 Naples Winter Wine Fest showcasing luxurious destination auctions  Wink News

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

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

Michael Jordan's Signed Check From 1982 Billiards Bet Up For Auction - TMZ
Michael Jordan's Signed Check From 1982 Billiards Bet Up For Auction  TMZ

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

Nevada treasurer, Clark County conducting auctions - Las Vegas Review-Journal
Nevada treasurer, Clark County conducting auctions  Las Vegas Review-Journal

Oswego County Tax Auction garners $1.5 million | Oswego County Homes - oswegocountynewsnow.com
Oswego County Tax Auction garners $1.5 million | Oswego County Homes  oswegocountynewsnow.com

Christian Bale's GT40 from 'Ford v. Ferrari' is racing to the auction block - Fox News
Christian Bale's GT40 from 'Ford v. Ferrari' is racing to the auction block  Fox News

Group to hold anti-fracking rally ahead of scheduled auctions - News3LV
Group to hold anti-fracking rally ahead of scheduled auctions  News3LV

Fitness expert wants to shed his Hollywood home via auction - The Real Deal
Fitness expert wants to shed his Hollywood home via auction  The Real Deal

The Ultra Rare Nike Moon Shoe Going Up For Auction - Sole Collector
The Ultra Rare Nike Moon Shoe Going Up For Auction  Sole Collector

Overnight fire damages 27 cars at northeast Houston auction site - KTRK-TV
Overnight fire damages 27 cars at northeast Houston auction site  KTRK-TV

Fellows Auctions To Offer Free Postage In November And December - aBlogtoWatch
Fellows Auctions To Offer Free Postage In November And December  aBlogtoWatch

$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

Gas station memorabilia from Mundelein repair shop going up for auction - Chicago Daily Herald
Gas station memorabilia from Mundelein repair shop going up for auction  Chicago Daily Herald

Premier auction at Rock Island Auction worth estimated $18 million - Quad City Times
Premier auction at Rock Island Auction worth estimated $18 million  Quad City Times

Tuscan-Style Estate in Texas To Hit Auction Block Next Month - Mansion Global
Tuscan-Style Estate in Texas To Hit Auction Block Next Month  Mansion Global

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

Sotheby's France to Auction Incredible Collection of Édouard and Jacqueline de Ribes This December - Architectural Digest
Sotheby's France to Auction Incredible Collection of Édouard and Jacqueline de Ribes This December  Architectural Digest

Middleboro Rotary Club planning 2020 charity auction - SouthCoastToday.com
Middleboro Rotary Club planning 2020 charity auction  SouthCoastToday.com

chronicle-tribune.com - Chronicle-Tribune
chronicle-tribune.com  Chronicle-Tribune

Properties sold at Buffalo tax auction fall to ‘historic’ low - WIVB.com - News 4
Properties sold at Buffalo tax auction fall to ‘historic’ low  WIVB.com - News 4

Massive Southlake estate on nearly 5 acres to hit auction block - WFAA.com
Massive Southlake estate on nearly 5 acres to hit auction block  WFAA.com

Intelsat Stock Slides Another 15% on Doubts Over 5G Spectrum Auction - Barron's
Intelsat Stock Slides Another 15% on Doubts Over 5G Spectrum Auction  Barron's

Slowdive Launch Charity Auction, Share New Version of “Golden Hair”: Listen - Pitchfork
Slowdive Launch Charity Auction, Share New Version of “Golden Hair”: Listen  Pitchfork

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

Why Brazil's Oil Auctions Will Fail Again - OilPrice.com
Why Brazil's Oil Auctions Will Fail Again  OilPrice.com

On C-Band Spectrum, Auction Speed Is All That Matters - Forbes
On C-Band Spectrum, Auction Speed Is All That Matters  Forbes

Ex-NBA star Jermaine O'Neal's Texas mansion, once listed at $11.49 million, goes up for auction - Chron.com
Ex-NBA star Jermaine O'Neal's Texas mansion, once listed at $11.49 million, goes up for auction  Chron.com

Auction to raise money to give kids toys for Christmas - WTVR CBS 6 News
Auction to raise money to give kids toys for Christmas  WTVR CBS 6 News

Last Saab 9-3 built nets nearly $48,000 at auction - Autoblog 日本版
Last Saab 9-3 built nets nearly $48,000 at auction  Autoblog 日本版

'Cursed' 1937 Cord 812 coming up for auction hides a political history - Fox News
'Cursed' 1937 Cord 812 coming up for auction hides a political history  Fox News

Kurt Cobain’s ‘Unplugged’ Sweater Sells for Record $334,000 at Auction - Rolling Stone
Kurt Cobain’s ‘Unplugged’ Sweater Sells for Record $334,000 at Auction  Rolling Stone

Hot Lots: 7 Tantalizingly Undervalued Artworks in New York’s Fall Auctions, According to the Experts - artnet News
Hot Lots: 7 Tantalizingly Undervalued Artworks in New York’s Fall Auctions, According to the Experts  artnet News

City, county join forces for Saturday's live auction - Gillette News Record
City, county join forces for Saturday's live auction  Gillette News Record

Christies - 20th Century season November 2019 wrap report - Christie's
Christies - 20th Century season November 2019 wrap report  Christie's

Most expensive wristwatch ever sold fetches $31 million at auction - CNBC
Most expensive wristwatch ever sold fetches $31 million at auction  CNBC

Former Saco mill property headed for auction - Press Herald
Former Saco mill property headed for auction  Press Herald

Houlton Rotary Auction signals start of holiday season - The County
Houlton Rotary Auction signals start of holiday season  The County

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

Podcast | Anselm Kiefer interview. Plus, New York auction 'gigaweek' - Art Newspaper
Podcast | Anselm Kiefer interview. Plus, New York auction 'gigaweek'  Art Newspaper

Christmas Bazaar and Silent Auction | Things to Do - Frederick News Post
Christmas Bazaar and Silent Auction | Things to Do  Frederick News Post

German Auction House Defends Selling Nazi Items, Including Hitler's Book - Newsweek
German Auction House Defends Selling Nazi Items, Including Hitler's Book  Newsweek

Colleyville castle-style estate goes to auction - The Dallas Morning News
Colleyville castle-style estate goes to auction  The Dallas Morning News

Three Curious Observations About the 2019 Geneva Watch Auctions - Bloomberg
Three Curious Observations About the 2019 Geneva Watch Auctions  Bloomberg

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

First Keith Haring Mural to Go to Auction Fetches $3.8M at Bonhams - Hyperallergic
First Keith Haring Mural to Go to Auction Fetches $3.8M at Bonhams  Hyperallergic

FOX 8 FOX Trot special auction: Own a piece of the FOX 8 set - WJW FOX 8 News Cleveland
FOX 8 FOX Trot special auction: Own a piece of the FOX 8 set  WJW FOX 8 News Cleveland

Rare 1838 half-dollar coin could be worth $500G at auction - Fox News
Rare 1838 half-dollar coin could be worth $500G at auction  Fox News

Rare portrait of teenage Mozart could fetch $1.3 million at auction - CNN
Rare portrait of teenage Mozart could fetch $1.3 million at auction  CNN

Abstract Expressionist Titans Drive Sales at Sotheby’s Contemporary Auction - Artsy
Abstract Expressionist Titans Drive Sales at Sotheby’s Contemporary Auction  Artsy

Auction calendar: October 25, 2019 - Wisconsin State Farmer
Auction calendar: October 25, 2019  Wisconsin State Farmer

Williamsville man charged in fatal accident at the Springville Auction - WGRZ.com
Williamsville man charged in fatal accident at the Springville Auction  WGRZ.com

Cyberattack Takes Dallas-Based Heritage Auctions Offline - Dallas Observer
Cyberattack Takes Dallas-Based Heritage Auctions Offline  Dallas Observer

Rare 1958 BMW Could Fetch €2 Million at RM Sotheby’s Paris Auction - Barron's
Rare 1958 BMW Could Fetch €2 Million at RM Sotheby’s Paris Auction  Barron's

8 Lots That Could Ignite Bidding Frenzies at the Fall Auctions in New York - Artsy
8 Lots That Could Ignite Bidding Frenzies at the Fall Auctions in New York  Artsy

East Texas chicken palace sells at auction where bidding topped $3 million - The Dallas Morning News
East Texas chicken palace sells at auction where bidding topped $3 million  The Dallas Morning News

Why art auctions are expecting biggest slowdown since 2009 - CNBC
Why art auctions are expecting biggest slowdown since 2009  CNBC

'Slice of heaven' in Florida up for auction - The Dallas Morning News
'Slice of heaven' in Florida up for auction  The Dallas Morning News

Marlon Brando's "Holy Relic" Rolex Hitting the Auction Block - Hollywood Reporter
Marlon Brando's "Holy Relic" Rolex Hitting the Auction Block  Hollywood Reporter

Rare Portrait of Teenage Mozart Heads to Auction - Smithsonian.com
Rare Portrait of Teenage Mozart Heads to Auction  Smithsonian.com

Brazil Had High Hopes for Its Big Oil Auction. They Went Bust. - The New York Times
Brazil Had High Hopes for Its Big Oil Auction. They Went Bust.  The New York Times

DNR speeds up tamarack timber auctions as beetle decimates Minnesota stands - Minneapolis Star Tribune
DNR speeds up tamarack timber auctions as beetle decimates Minnesota stands  Minneapolis Star Tribune

From Clunkers To Hidden Costs: History Of Deceptive Practices By Auto Auction Workers - CBS Chicago
From Clunkers To Hidden Costs: History Of Deceptive Practices By Auto Auction Workers  CBS Chicago

City of Philadelphia will get a seat at the table at auction for city’s bankrupt refinery - The Philadelphia Inquirer
City of Philadelphia will get a seat at the table at auction for city’s bankrupt refinery  The Philadelphia Inquirer

Anthony Bourdain Auction Brings in Over $1.8 Million - Food & Wine
Anthony Bourdain Auction Brings in Over $1.8 Million  Food & Wine

First round of auctions begin for Joe Ley Antiques - WAVE 3
First round of auctions begin for Joe Ley Antiques  WAVE 3

Equestrian ranch in Bartonville goes to auction without reserve - The Dallas Morning News
Equestrian ranch in Bartonville goes to auction without reserve  The Dallas Morning News

Vision to Reality Dinner and Auction 2019 in pictures - Clarksville Leaf Chronicle
Vision to Reality Dinner and Auction 2019 in pictures  Clarksville Leaf Chronicle

Get your bids ready: Fourth auction of Neil Armstrong's belongings begins Oct. 25 - The Cincinnati Enquirer
Get your bids ready: Fourth auction of Neil Armstrong's belongings begins Oct. 25  The Cincinnati Enquirer

Elton John Lyrics Head to Auction via Bernie Taupin’s Ex-Wife - Rolling Stone
Elton John Lyrics Head to Auction via Bernie Taupin’s Ex-Wife  Rolling Stone

This bottle of rare whisky sold for nearly $1.9 million, shattering auction record - USA TODAY
This bottle of rare whisky sold for nearly $1.9 million, shattering auction record  USA TODAY

Fulton County IDA awaits Johnstown Renewables auction details | News, Sports, Jobs - Gloversville Leader-Herald
Fulton County IDA awaits Johnstown Renewables auction details | News, Sports, Jobs  Gloversville Leader-Herald

Keith Haring’s Church Mural Has Been Removed From Its Site and Sold at Auction - Observer
Keith Haring’s Church Mural Has Been Removed From Its Site and Sold at Auction  Observer

Rare half dollar coin sells for $504,000 - CNN
Rare half dollar coin sells for $504,000  CNN

Marc Jacobs’s Personal Collection Is Headed to Auction - Architectural Digest
Marc Jacobs’s Personal Collection Is Headed to Auction  Architectural Digest

Online auctions are a bonanza for Orange County, offer bargains for bidders - Orlando Sentinel
Online auctions are a bonanza for Orange County, offer bargains for bidders  Orlando Sentinel

Mecum Auctions brings car show and more to Schaumburg - Chicago Daily Herald
Mecum Auctions brings car show and more to Schaumburg  Chicago Daily Herald

Dentures discovery: Centuries-old false teeth found in field, up for auction - Fox News
Dentures discovery: Centuries-old false teeth found in field, up for auction  Fox News

This $46,000 snow crab is the most expensive in the world - CNBC
This $46,000 snow crab is the most expensive in the world  CNBC

Nov 20 | Triumph Fuselage Manufacturing Facility Online Auction | Redondo Beach - Patch.com
Nov 20 | Triumph Fuselage Manufacturing Facility Online Auction | Redondo Beach  Patch.com

Rolex and Patek Philippe Dominate Sotheby’s $13 Million Geneva Watch Auction - Robb Report
Rolex and Patek Philippe Dominate Sotheby’s $13 Million Geneva Watch Auction  Robb Report

Lamborghini-based Zagato Raptor concept heads to auction - Motor Authority
Lamborghini-based Zagato Raptor concept heads to auction  Motor Authority

Dalhart cattle auction results | Markets - High Plains Journal
Dalhart cattle auction results | Markets  High Plains Journal

Sporting Art Auction Highlights History, Tranquility, and Power of the Horse - America's Best Racing
Sporting Art Auction Highlights History, Tranquility, and Power of the Horse  America's Best Racing

JGB prices stumble after weak 30-year auction - Reuters
JGB prices stumble after weak 30-year auction  Reuters

The 10 Most Valuable Rings Ever Sold At Auction | TheRichest - TheRichest
The 10 Most Valuable Rings Ever Sold At Auction | TheRichest  TheRichest

149 rare classic cars, performance vehicles up for sale in largest US Marshals auction - USA TODAY
149 rare classic cars, performance vehicles up for sale in largest US Marshals auction  USA TODAY

Massive car collection seized from owners of bankrupt DC Solar up for auction - Fox News
Massive car collection seized from owners of bankrupt DC Solar up for auction  Fox News

JPR's 39th Annual Wine Tasting & Silent Auction - Jefferson Public Radio
JPR's 39th Annual Wine Tasting & Silent Auction  Jefferson Public Radio

Wet Paint: The Biggest Flippers of the Fall Auctions, Warren Kanders Squares Off With the Whitney, & More Juicy Art-World Gossip - artnet News
Wet Paint: The Biggest Flippers of the Fall Auctions, Warren Kanders Squares Off With the Whitney, & More Juicy Art-World Gossip  artnet News

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