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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 sales rose 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 thrive on 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 all the 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 largest marketplace 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 eliminate fees 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 claim that 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 way too 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.


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Tue. September / 29 / 2020

County making switch to property tax lien auctions - The Troy Messenger - Troy Messenger
County making switch to property tax lien auctions - The Troy Messenger  Troy Messenger

Enjoy art and auctions at Farm to Table(aux), benefitting the Boys & Girls Club - Bakersfield Now
Enjoy art and auctions at Farm to Table(aux), benefitting the Boys & Girls Club  Bakersfield Now

100th Bomb Group restaurant up for auction - cleveland.com
100th Bomb Group restaurant up for auction  cleveland.com

Ancient Resource Auctions Presents Fall Exceptional Antiquities Sale on October 3 - The National Herald
Ancient Resource Auctions Presents Fall Exceptional Antiquities Sale on October 3  The National Herald

176-year-old block used for slave auctions set to be displayed in museum, with context - KTLA Los Angeles
176-year-old block used for slave auctions set to be displayed in museum, with context  KTLA Los Angeles

Solar auctions to spread PV over the commercial landscape - pv magazine International
Solar auctions to spread PV over the commercial landscape  pv magazine International

Massive Virginia farm and estate just off I-81 heads to auction - Washington Business Journal
Massive Virginia farm and estate just off I-81 heads to auction  Washington Business Journal

Tiger Woods' backup putter from 2001 collects more than $150,000 at auction - Golf Digest
Tiger Woods' backup putter from 2001 collects more than $150,000 at auction  Golf Digest

Cal Ripken Jr & Goldin Auctions Team Up to Offer Historic Collection to Benefit the Cal Ripken Sr. Foundation - Citybizlist
Cal Ripken Jr & Goldin Auctions Team Up to Offer Historic Collection to Benefit the Cal Ripken Sr. Foundation  Citybizlist

"Celebration of the Phillies" Auction Set for October - Sports Collectors Daily
"Celebration of the Phillies" Auction Set for October  Sports Collectors Daily

David Dike Fine Art Fall Auction Goes Virtual Oct. 3 - Focusdailynews
David Dike Fine Art Fall Auction Goes Virtual Oct. 3  Focusdailynews

NDSU Game Day Auction Scheduled for this Saturday - NDSU - NDSU Bison Athletics
NDSU Game Day Auction Scheduled for this Saturday - NDSU  NDSU Bison Athletics

Selected Western livestock auctions | Livestock Auctions | capitalpress.com - Capital Press
Selected Western livestock auctions | Livestock Auctions | capitalpress.com  Capital Press

Massive whiskey collection put together by novice may earn millions at auction - Fox News
Massive whiskey collection put together by novice may earn millions at auction  Fox News

American Cancer Society To Hold Virtual Hope Gala Honolulu With Online Auction - Maui Now
American Cancer Society To Hold Virtual Hope Gala Honolulu With Online Auction  Maui Now

9000 Bottle Whisky Collection From A Former "Whisky Novice" Goes Up For Auction - The Whiskey Wash
9000 Bottle Whisky Collection From A Former "Whisky Novice" Goes Up For Auction  The Whiskey Wash

US Embassy Bridgetown Online Auction - US Embassy in Barbados
US Embassy Bridgetown Online Auction  US Embassy in Barbados

YMCA hosts online auction to benefit scholarship fund - Grand Forks Herald
YMCA hosts online auction to benefit scholarship fund  Grand Forks Herald

Bulgarian exchange owner convicted over auction fraud scheme - Cointelegraph
Bulgarian exchange owner convicted over auction fraud scheme  Cointelegraph

Dolly Parton auctions off prized crystals to benefit suffering industry workers - RADIO.COM
Dolly Parton auctions off prized crystals to benefit suffering industry workers  RADIO.COM

Online Silent Auctions Market – increasing demand with Industry Professionals: OneCause, Xcira, Auction Event Solutions - The Daily Chronicle
Online Silent Auctions Market – increasing demand with Industry Professionals: OneCause, Xcira, Auction Event Solutions  The Daily Chronicle

Auction Featuring Vin Scully’s Personal Items Garners Over $2M - CBS Los Angeles
Auction Featuring Vin Scully’s Personal Items Garners Over $2M  CBS Los Angeles

Hall of Famer Vin Scully puts personal items up for auction, including World Series rings, final scorebook - CBS Sports
Hall of Famer Vin Scully puts personal items up for auction, including World Series rings, final scorebook  CBS Sports

Otsego to auction tax-foreclosed properties next month - Oneonta Daily Star
Otsego to auction tax-foreclosed properties next month  Oneonta Daily Star

See farm auction draws crowd in Carleton - Monroe Evening News
See farm auction draws crowd in Carleton  Monroe Evening News

Online auction to benefit Lapeer County 4-H | The County Press - Thecountypress
Online auction to benefit Lapeer County 4-H | The County Press  Thecountypress

Massive Private Whisky Collection Set For Auction - InsideHook
Massive Private Whisky Collection Set For Auction  InsideHook

FGCU Athletics Announces Sustaining Flight Fundraiser and Auction - FGCU Athletics
FGCU Athletics Announces Sustaining Flight Fundraiser and Auction  FGCU Athletics

Silver Dollar Specialties Offered in Month-Long Heritage Auction - CoinWeek
Silver Dollar Specialties Offered in Month-Long Heritage Auction  CoinWeek

Derek Sanderson recalls his playing days ahead of auction - The Boston Globe
Derek Sanderson recalls his playing days ahead of auction  The Boston Globe

France tightens schedule of 5G auctions and deployment in Q4 2020 - Morning Tick
France tightens schedule of 5G auctions and deployment in Q4 2020  Morning Tick

AUCTION PREVIEWS Sat. Sept 26th Farm Auction Philadelphia, NY Bush - NNY360
AUCTION PREVIEWS Sat. Sept 26th Farm Auction Philadelphia, NY Bush  NNY360

Asset Equipment Online Auction Market 2020 Forecast Overview, Supply Chain Analysis By – Sandhills Global Inc., Machinery Auctioneers, Ritchie Bros. Auctioneers Inc., Proxibid Inc., Euro Auctions UK Ltd. - The Daily Chronicle
Asset Equipment Online Auction Market 2020 Forecast Overview, Supply Chain Analysis By – Sandhills Global Inc., Machinery Auctioneers, Ritchie Bros. Auctioneers Inc., Proxibid Inc., Euro Auctions UK Ltd.  The Daily Chronicle

Vista Outdoor Named Successful Bidder in Bankruptcy Auction To Acquire Remington Ammunition and Accessories Assets - PRNewswire
Vista Outdoor Named Successful Bidder in Bankruptcy Auction To Acquire Remington Ammunition and Accessories Assets  PRNewswire

Humane Society's virtual auctions aim to boost fundraising - Bowling Green Daily News
Humane Society's virtual auctions aim to boost fundraising  Bowling Green Daily News

Photo of 11-Year-Old Baller Kareem Abdul-Jabbar Up for Auction - Sports Collectors Daily
Photo of 11-Year-Old Baller Kareem Abdul-Jabbar Up for Auction  Sports Collectors Daily

Lincoln limousines among Kennedy items in Bonhams presidential auction - The ClassicCars.com Journal
Lincoln limousines among Kennedy items in Bonhams presidential auction  The ClassicCars.com Journal

Auction Prices That Take Your Breath Away - The New York Times
Auction Prices That Take Your Breath Away  The New York Times

Hard Asset Equipment Online Auction Market 2020 Forecast Overview, Supply Chain Analysis By – Ritchie Bros. Auctioneers Inc., Proxibid Inc., Euro Auctions UK Ltd., Machinery Auctioneers, Sandhills Global Inc. - The Daily Chronicle
Hard Asset Equipment Online Auction Market 2020 Forecast Overview, Supply Chain Analysis By – Ritchie Bros. Auctioneers Inc., Proxibid Inc., Euro Auctions UK Ltd., Machinery Auctioneers, Sandhills Global Inc.  The Daily Chronicle

WAU auctions off Mostert-driven Commodore - Speedcafe
WAU auctions off Mostert-driven Commodore  Speedcafe

Some Google Search Rivals Lose Footing on Android System - The Wall Street Journal
Some Google Search Rivals Lose Footing on Android System  The Wall Street Journal

A Thoroughly Restored 1961 MG MGA Roadster Will Lead the Petersen Museum’s Online Gala Auction - Robb Report
A Thoroughly Restored 1961 MG MGA Roadster Will Lead the Petersen Museum’s Online Gala Auction  Robb Report

Meg White Cymbal Sold at Auction May Have Broken Auction Record - wmmr.com
Meg White Cymbal Sold at Auction May Have Broken Auction Record  wmmr.com

Ice cream, auctions and hockey jerseys for #NoahStrong - BayToday.ca
Ice cream, auctions and hockey jerseys for #NoahStrong  BayToday.ca

World's First Real Estate DeFi Hits 30X After Auction Launch - Yahoo Finance
World's First Real Estate DeFi Hits 30X After Auction Launch  Yahoo Finance

Solve a Clandestine Coronado Crime with Your Family; First-Ever CSF Auction Gets a Mystery Makeover! - Coronado Times Newspaper
Solve a Clandestine Coronado Crime with Your Family; First-Ever CSF Auction Gets a Mystery Makeover!  Coronado Times Newspaper

Zachys Breaks Records with Auction of Rare Wines from Italy's Enoteca Pinchiorri - Wine Spectator
Zachys Breaks Records with Auction of Rare Wines from Italy's Enoteca Pinchiorri  Wine Spectator

Slave auction block covered in graffiti from recent protests, goes on display in museum, with explainer - WGNO New Orleans
Slave auction block covered in graffiti from recent protests, goes on display in museum, with explainer  WGNO New Orleans

Auction of La Grange hand-decorated party carts raises more than $5,000 for non-profit organizations - Chicago Tribune
Auction of La Grange hand-decorated party carts raises more than $5,000 for non-profit organizations  Chicago Tribune

Star-studded Hill Country ranch dances onto auction block for $4.75 million - CultureMap Austin
Star-studded Hill Country ranch dances onto auction block for $4.75 million  CultureMap Austin

‘Holy grail’ of Beatles’ rarities, signed on train to DC concert, up for auction - WTOP
‘Holy grail’ of Beatles’ rarities, signed on train to DC concert, up for auction  WTOP

New Mexico national bank note has great back story - Coin World
New Mexico national bank note has great back story  Coin World

Never Before Listed Cabo Del Sol, Mexico Family Compound to Auction Online via Concierge Auctions and Tristen - EIN News
Never Before Listed Cabo Del Sol, Mexico Family Compound to Auction Online via Concierge Auctions and Tristen  EIN News

Bonnette Auctions announces upcoming auction on Saturday - KALB
Bonnette Auctions announces upcoming auction on Saturday  KALB

CONDITIONS FOR RIKSBANK REVERSED AUCTIONS SEK GOVERNMENT BONDS - GlobeNewswire
CONDITIONS FOR RIKSBANK REVERSED AUCTIONS SEK GOVERNMENT BONDS  GlobeNewswire

Nebraska: What’s Hot on the Auction Block - Columbus Telegram
Nebraska: What’s Hot on the Auction Block  Columbus Telegram

Telecom News Sept. 28: T-Band Legislature & Calif. First Responder Definition - The National Law Review
Telecom News Sept. 28: T-Band Legislature & Calif. First Responder Definition  The National Law Review

Ancient sculpture put up for auction in UK to be returned to Iraq - The Guardian
Ancient sculpture put up for auction in UK to be returned to Iraq  The Guardian

Bidding in first of 2 online auctions for confiscated hunting, fishing equipment open, ends Saturday - KSTP
Bidding in first of 2 online auctions for confiscated hunting, fishing equipment open, ends Saturday  KSTP

Art auction yields funds for United Midcoast Charities' Rapid Response Fund - PenBayPilot.com
Art auction yields funds for United Midcoast Charities' Rapid Response Fund  PenBayPilot.com

Unicorn Auctions Offers An Online Whiskey Auction Model To American Consumers - The Whiskey Wash
Unicorn Auctions Offers An Online Whiskey Auction Model To American Consumers  The Whiskey Wash

Details On Remington Auction Coming Out - WUTR/WFXV - CNYhomepage.com
Details On Remington Auction Coming Out  WUTR/WFXV - CNYhomepage.com

GreatCollections to Auction Yellowstone Collection of US Gold Coins - CoinWeek
GreatCollections to Auction Yellowstone Collection of US Gold Coins  CoinWeek

AUTOMOTIVE EXPERT & CAR-TALK HOST BOBBY LIKIS AUCTIONS ALL ASSETS OF THE CAR CLINIC RADIO BROADCAST - EIN News
AUTOMOTIVE EXPERT & CAR-TALK HOST BOBBY LIKIS AUCTIONS ALL ASSETS OF THE CAR CLINIC RADIO BROADCAST  EIN News

Family Friendly Fun & Online Auction Planned for Dreams 4 All Fundraiser - Southern Pines Pilot
Family Friendly Fun & Online Auction Planned for Dreams 4 All Fundraiser  Southern Pines Pilot

Digital auto auctions are effective and safer - Automotive News
Digital auto auctions are effective and safer  Automotive News

Nashville: An Auction for ACM Lifting Lives Covid 19 Response Fund | Charity Auction - Christie's
Nashville: An Auction for ACM Lifting Lives Covid 19 Response Fund | Charity Auction  Christie's

Legendary Dodgers Broadcaster Vin Scully to Auction Off Personal Items - NBC Southern California
Legendary Dodgers Broadcaster Vin Scully to Auction Off Personal Items  NBC Southern California

Centennial’s Lollipop Park auctioning Ferris wheel, miniature train as COVID-19 forces closure - The Denver Post
Centennial’s Lollipop Park auctioning Ferris wheel, miniature train as COVID-19 forces closure  The Denver Post

Sotheby’s auctions AIC professor’s photos - WWLP.com
Sotheby’s auctions AIC professor’s photos  WWLP.com

City of DuPont Parks & Recreation Auction - The Suburban Times
City of DuPont Parks & Recreation Auction  The Suburban Times

Honolulu Police Department auctions evidence online - KHON2
Honolulu Police Department auctions evidence online  KHON2

Teddy Bear Cancer Foundation assists children battling cancer with silent auction - NewsChannel 3-12 - KEYT
Teddy Bear Cancer Foundation assists children battling cancer with silent auction - NewsChannel 3-12  KEYT

Fredericksburg Area Museum to exhibit city's slave auction block in November - Fredericksburg.com
Fredericksburg Area Museum to exhibit city's slave auction block in November  Fredericksburg.com

Historic Brunswick hotel sold at auction - Portland Press Herald - Press Herald
Historic Brunswick hotel sold at auction - Portland Press Herald  Press Herald

RM Sotheby's Auburn Auction celebrates 50 years of a Labor Day tradition - wpta21.com
RM Sotheby's Auburn Auction celebrates 50 years of a Labor Day tradition  wpta21.com

One of the last privately-owned Botticelli portraits could sell for over $80M - CNN
One of the last privately-owned Botticelli portraits could sell for over $80M  CNN

Own a piece of Chiefs history: Union Station memorabilia up for auction - KMBC Kansas City
Own a piece of Chiefs history: Union Station memorabilia up for auction  KMBC Kansas City

'World's largest private whisky collection' goes up for auction - BBC News
'World's largest private whisky collection' goes up for auction  BBC News

Arabian horse farm with Patrick Swayze connection up for auction in Texas Hill Country - KSAT San Antonio
Arabian horse farm with Patrick Swayze connection up for auction in Texas Hill Country  KSAT San Antonio

Auction.com enables remote bidding on live foreclosure properties - HousingWire
Auction.com enables remote bidding on live foreclosure properties  HousingWire

Leading Auction House Christie's Listing Bitcoin Art for the First Time - Bitcoin News
Leading Auction House Christie's Listing Bitcoin Art for the First Time  Bitcoin News

OSU IT Surplus Auction - Okmulgee - Wrightway | Auction Sales - Tulsa World
OSU IT Surplus Auction - Okmulgee - Wrightway | Auction Sales  Tulsa World

Vin Scully’s Personal Collection Of Dodgers Memorabilia Up For Auction - CBS Los Angeles
Vin Scully’s Personal Collection Of Dodgers Memorabilia Up For Auction  CBS Los Angeles

Dodgers Announcer Vin Scully Auctions Items From Career - Spectrum News 1
Dodgers Announcer Vin Scully Auctions Items From Career  Spectrum News 1

Auction Software for Auctioneers Market 2020 Development Insights, Professional Survey on Key Industry Companies – bidlogix, RainWorx Software, Promena e-Sourcing Solutions, 501 Auctions, E-Multitech Solution, Online Ventures Software, Handbid, Auction-Experts, Eastern Unity, BiddingOwl, Ilance, Merkeleon Software - The Daily Chronicle
Auction Software for Auctioneers Market 2020 Development Insights, Professional Survey on Key Industry Companies – bidlogix, RainWorx Software, Promena e-Sourcing Solutions, 501 Auctions, E-Multitech Solution, Online Ventures Software, Handbid, Auction-Experts, Eastern Unity, BiddingOwl, Ilance, Merkeleon Software  The Daily Chronicle

Pennsylvania to auction more than 600 vehicles on Oct. 13 - Daily American Online
Pennsylvania to auction more than 600 vehicles on Oct. 13  Daily American Online

El Paso County still holding auctions in person, looking for options to make them safer - KFOX El Paso
El Paso County still holding auctions in person, looking for options to make them safer  KFOX El Paso

NEF's annual Lighthouse Auction reimagined - The Daily News of Newburyport
NEF's annual Lighthouse Auction reimagined  The Daily News of Newburyport

Equality Maine Plans Virtual Gala and Online Auction - q1065.fm
Equality Maine Plans Virtual Gala and Online Auction  q1065.fm

Online fish fry auction to support Friends of the North Fork of the Shenandoah River - Augusta Free Press
Online fish fry auction to support Friends of the North Fork of the Shenandoah River  Augusta Free Press

Aksarben Auction celebrates youth hard work - KSNB
Aksarben Auction celebrates youth hard work  KSNB

Bill's Towing Inc-ABANDONED VEHICLE AUCTION - Tacoma Daily News
Bill's Towing Inc-ABANDONED VEHICLE AUCTION  Tacoma Daily News

Hill Country ranch with 234 acres and dance floor created for Patrick Swayze up for auction (slideshow) - San Antonio Business Journal
Hill Country ranch with 234 acres and dance floor created for Patrick Swayze up for auction (slideshow)  San Antonio Business Journal

Virtual quilt auction to be held | News, Sports, Jobs - Marquette Mining Journal
Virtual quilt auction to be held | News, Sports, Jobs  Marquette Mining Journal

How to buy a house at auction - MSN Money
How to buy a house at auction  MSN Money

Fitchburg-owned properties going on the auction block - Sentinel & Enterprise
Fitchburg-owned properties going on the auction block  Sentinel & Enterprise

Upper East Side condo conversion fetches $51M at auction - The Real Deal
Upper East Side condo conversion fetches $51M at auction  The Real Deal

Deals Galore: Better Business Bureau fund raiser auction goes online - ABC 36 News - WTVQ
Deals Galore: Better Business Bureau fund raiser auction goes online - ABC 36 News  WTVQ

Country music stars auction items to help workers behind the scenes - WRCB-TV
Country music stars auction items to help workers behind the scenes  WRCB-TV

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