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Online Auctions: The New Way of Shopping for Mauritians


Since their introduction several years ago, online auctions, such as eBay, have been one of the hottest destinations on the World Wide Web. Auction sellers are attracted by the prospect of a broad venue for their products and the possibility of high profits. Bidders on online auction sites are drawn to the unique shopping opportunities and potential to purchase hard-to-find items at low prices.

One such website in Mauritius is www.mauritiantrader.com . As an online marketplace, MauritianTrader offers a window of opportunities to businesses and individuals by allowing them to buy and sell almost anything online. It even gives buyers the opportunity to request a specific item from sellers (reverse auction). Items sold can be new or used ones and they cover all categories from electronics, fashion items, books, cars, antiques, furniture etc.

What makes online auctions so attractive to businesses is the number of people bidding against each other. It provides an instant audience that secures the seller the best price. As for the buyer, the speed, simplicity and variety of goods on offer can vastly speed up procurement.

Benefits of buying on auction websites

Bidding for products has advantages over traditional purchasing for both buyer and supplier. Businesses save time spent on procurement by finding, comparing, ordering and paying for products in one sitting. Repeat orders can also usually be made quickly and cheaply. Experienced bidders save time by using software to keep track of several auctions at once, setting up automated searches and bid alerts.

Many businesses use online auctions for buying items that are non-critical to their business such as office furniture, or to track down specialist equipment, that can be picked up second-hand at a keener price.

As for individuals, the convenience of sitting at home and shop for something is thrilling. Just a few clicks and you can find what you are looking for at great prices in a matter of seconds.

Benefits of selling on auction websites

Businesses selling products or services at an online auction are likely to see reduced marketing costs, as they are tapping into a ready-made community of buyers at a well-established auction. Moreover, they get access to a much wider market - small suppliers gain a worldwide audience.

Many companies find selling at auctions gives them useful feedback on their products and services - they treat it as an opportunity to test products and gauge value. Another key benefit is being able to offload excess stock quickly and cheaply. It can also help cut out the middle man.

Some individuals go for auction websites simply because they want to make some extra money. So, they buy products on sale and sell them at a slightly higher price but lower than the regular market price. Other people may just want to clear up clutter around the house by selling second hand items or even may want to start their own business by advertise their products online.

Mauritians have been lagging behind on online trading mainly because there was no local auction website in the past. Moreover Mauritians still hold on to their traditional ways of doing business. They feel the need to see-touch-feel a product before buying. However, with a local website like MauritianTrader, where users are mostly Mauritians, they can arrange to meet and view the item before making any payment.

Mauritians may feel skeptical at first to adopt this new way of doing business. Just like millions of people around the world buying and selling online, Mauritians will quickly realise the benefits they would derive from online trading. The uncertainty of a buyer's or seller's reliability may be another cause for not choosing online auctions. However, like eBay, MauritianTrader has a feedback feature. The buyer/seller gets a feedback at the end of each transaction. The more transactions, the more feedback and therefore the more a buyer/seller's "reputation" can be evaluated accurately.

It is high time Mauritians make use of this service, especially small businesses that do not necessarily have the powerful tools for effective marketing. Not only will they be selling to Mauritians but also obtain global exposure. Mauritius should make the next step and catch up with the latest methods of doing business effectively.

http://www.mauritiantrader.com

Z.Khan Economic Analyst


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Thu. January / 18 / 2018

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New 10-Year TIPS Auctions With A Real Yield Of 0.548%, Highest In 2 Years - Seeking Alpha

Seeking Alpha

New 10-Year TIPS Auctions With A Real Yield Of 0.548%, Highest In 2 Years
Seeking Alpha
The U.S. Treasury just announced that its offering of $13 billion in a new 10-year TIPS - CUSIP 9128283R9 - resulted in a real yield to maturity of 0.548%, the highest for this term at auction in two years. The coupon rate was set at 0.500%, also the ...

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NY Foreclosure Auctions Jump In 2017: Report - Patch.com

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Patch.com
New York is one of just a handful of states that saw a jump in foreclosure auctions in 2017, according to a new report. Its findings suggest that the state's aggressive attack on zombie properties is beginning to pay off. New York bucked the national ...

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NBTC favours changes to spectrum auctions - The Nation

NBTC favours changes to spectrum auctions
The Nation
Originally, the NBTC divided the 45MHz bandwidth of the 1800MHz spectrum into three licences each with 15MHz bandwidth. He said that the proposed switch to nine licences was in line with the ideas of the telecom operators aired at the recent public ...


Auction company sues Augusta National over trademark name Green Jacket Auctions - The Augusta Chronicle

The Augusta Chronicle

Auction company sues Augusta National over trademark name Green Jacket Auctions
The Augusta Chronicle
The company has conducted about 30 auctions of memorabilia worth millions of dollars, including several green jackets. The jackets are worn by members of the Augusta National Golf Club and awarded to the winner of each year's Masters Tournament. The ...

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Quinn's tracks beauty of 'Natural World' with Jan. 25 Prints Auction - Auction Central News

Auction Central News

Quinn's tracks beauty of 'Natural World' with Jan. 25 Prints Auction
Auction Central News
Maria Sibylla Merian (German, 1647-1717), Cayman with Snake, from Metamorphosis Insectorum Surinamensium, Amsterdam, 1719, 20.25 x 14.25in. Est. $4,000-$6,000. FALLS CHURCH, Va. – On Thursday, January 25, the Waverly Rare Books & Prints division of ...


Apple Macintosh logo by Andy Warhol goes up for auction, valued up to $30K - AppleInsider (press release) (blog)

AppleInsider (press release) (blog)

Apple Macintosh logo by Andy Warhol goes up for auction, valued up to $30K
AppleInsider (press release) (blog)
A rare piece of art history is now up for sale in the form of an Apple Macintosh logo painted and signed by pop artist Andy Warhol. Thought its exact raison d'etre is unknown, the work may be a color study for an Apple advertising commission, according ...

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What next for contemporary art auctions? - Spectator.co.uk (blog)

Spectator.co.uk (blog)

What next for contemporary art auctions?
Spectator.co.uk (blog)
With auction houses in the news following record-breaking sales, I sat down with Ralph Taylor, Global Head of Post-War and Contemporary Art at Bonhams, to discuss how the contemporary art market is shaping up for 2018. Are auction houses getting too ...

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Foreclosure auctions for Keene plazas pushed back - The Keene Sentinel

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The Keene Sentinel
The foreclosure auctions of two major Keene shopping centers have been postponed until next month, according to an auction company. Riverside Plaza and Key Road Plaza were previously scheduled for sale at auctions Friday. The two centers house some of ...


Classic 'Macintosh' Painting by Andy Warhol Estimated to Fetch Up to $30000 at Auction Next Month - Mac Rumors

Mac Rumors

Classic 'Macintosh' Painting by Andy Warhol Estimated to Fetch Up to $30000 at Auction Next Month
Mac Rumors
Woodshed Art Auctions has announced it will be auctioning an opaque watercolor painting of Apple's classic logo by the late Andy Warhol next month. The painting is part of Warhol's "Ads" collection from 1985, one year after the original Macintosh ...

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Trai holds industry-wide consultation on spectrum auction - Gadgets Now

Trai holds industry-wide consultation on spectrum auction
Gadgets Now
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