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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 Wed. January / 29 / 2020

‘You’re holding half-a-million bucks!’ NFL auctions bring legendary memorabilia onto Big Game Bound - WSYR
‘You’re holding half-a-million bucks!’ NFL auctions bring legendary memorabilia onto Big Game Bound  WSYR

Shrewsbury auctions foreclosed properties, including historic colonial, totaling nearly $1 million - Community Advocate
Shrewsbury auctions foreclosed properties, including historic colonial, totaling nearly $1 million  Community Advocate

Mario Buatta Auction Shatters Estimates for Chintz - The New York Times
Mario Buatta Auction Shatters Estimates for Chintz  The New York Times

Pottawatomie County Auctions Off Classic Mustangs - news9.com KWTV
Pottawatomie County Auctions Off Classic Mustangs  news9.com KWTV

America's Top 13 Charity Wine Auctions Raised $44.1 Million in 2019 - Wine Spectator
America's Top 13 Charity Wine Auctions Raised $44.1 Million in 2019  Wine Spectator

Auction Nation Auctioning Off Thousands of Holiday Gift Returns for Pennies on the Dollar - PRNewswire
Auction Nation Auctioning Off Thousands of Holiday Gift Returns for Pennies on the Dollar  PRNewswire

You can own a piece of Southern Season as the iconic store auctions off its kitchen - Raleigh News & Observer
You can own a piece of Southern Season as the iconic store auctions off its kitchen  Raleigh News & Observer

Heavy equipment auction includes excavator, cars ... and a bounce house - Hawaii News Now
Heavy equipment auction includes excavator, cars ... and a bounce house  Hawaii News Now

Authenticated Trump signature on copy of articles of impeachment could fetch $20K in auction - USA TODAY
Authenticated Trump signature on copy of articles of impeachment could fetch $20K in auction  USA TODAY

Frank Sinatra’s gold-seated, Italian marble toilets fetch thousands at auction - WSFA
Frank Sinatra’s gold-seated, Italian marble toilets fetch thousands at auction  WSFA

Poland auctions 5.3 mln carbon permits at 24.04 euros each - EEX - Reuters Africa
Poland auctions 5.3 mln carbon permits at 24.04 euros each - EEX  Reuters Africa

More than 100 vehicles available at state surplus auction - ABC6OnYourSide.com
More than 100 vehicles available at state surplus auction  ABC6OnYourSide.com

Last minute purchase of Belfast brewery avoids public auction - WABI
Last minute purchase of Belfast brewery avoids public auction  WABI

State surplus auction, now online, starts Jan. 30 - AL.com
State surplus auction, now online, starts Jan. 30  AL.com

AuctionTime.com & Auction Flex to Host Auctioneer Forum February 5th in Alberta - Hastings Tribune
AuctionTime.com & Auction Flex to Host Auctioneer Forum February 5th in Alberta  Hastings Tribune

Mario Buatta auction nets $7.6 million, shattering estimates - Business of Home
Mario Buatta auction nets $7.6 million, shattering estimates  Business of Home

Senate C-Band Auction Bill ‘Final’ Version Introduced - Multichannel News
Senate C-Band Auction Bill ‘Final’ Version Introduced  Multichannel News

Public auction of The Bull, Wisconsin's only Jack Nicklaus Signature golf course, canceled 20 minutes before sale was set to start - Sheboygan Press
Public auction of The Bull, Wisconsin's only Jack Nicklaus Signature golf course, canceled 20 minutes before sale was set to start  Sheboygan Press

'House of Prayer' property in Micanopy is up for auction - WCJB
'House of Prayer' property in Micanopy is up for auction  WCJB

Gold-seated toilet among Frank Sinatra items up for auction - ABC News
Gold-seated toilet among Frank Sinatra items up for auction  ABC News

BTS’ Tour Microphones Sell for $83,000 at MusiCares Auction - Rolling Stone
BTS’ Tour Microphones Sell for $83,000 at MusiCares Auction  Rolling Stone

Andy Warhol’s Portrait of Muhammad Ali Could Net £5 Million at Auction - Barron's
Andy Warhol’s Portrait of Muhammad Ali Could Net £5 Million at Auction  Barron's

Leake Auctions sells $17M of vehicles in Scottsdale - AZ Big Media
Leake Auctions sells $17M of vehicles in Scottsdale  AZ Big Media

Sale prices soar past estimates at auction of decorator Mario Buatta's estate at Sotheby's - Art Newspaper
Sale prices soar past estimates at auction of decorator Mario Buatta's estate at Sotheby's  Art Newspaper

Wyatt Earp’s ‘Vendetta Ride’ Shotgun to Sell at Heritage Auctions in Dallas - NBC 5 Dallas-Fort Worth
Wyatt Earp’s ‘Vendetta Ride’ Shotgun to Sell at Heritage Auctions in Dallas  NBC 5 Dallas-Fort Worth

Online state surplus property auction set for this week - WKRG News 5
Online state surplus property auction set for this week  WKRG News 5

Online Wine Auctions: A Beginner’s Guide - Wall Street Journal
Online Wine Auctions: A Beginner’s Guide  Wall Street Journal

Three Incredible Supercars from the 2020 RM Sotheby’s Scottsdale Auctions - Forbes
Three Incredible Supercars from the 2020 RM Sotheby’s Scottsdale Auctions  Forbes

Kansas land up for auction was site of 1870s serial slayings Posted Jan 26, 2020 - hays Post
Kansas land up for auction was site of 1870s serial slayings Posted Jan 26, 2020  hays Post

Mario Buatta’s treasures bring in $7.6 million as Sotheby’s auction soars past sales estimates - The Washington Post
Mario Buatta’s treasures bring in $7.6 million as Sotheby’s auction soars past sales estimates  The Washington Post

Seven-Year Note Auction Attracts Modestly Below Average Demand - Nasdaq
Seven-Year Note Auction Attracts Modestly Below Average Demand  Nasdaq

Stolen Marc Chagall painting sells for $130,000 at auction in Israel - The Jerusalem Post
Stolen Marc Chagall painting sells for $130,000 at auction in Israel  The Jerusalem Post

To Attract Young Collectors, Auction Houses Tap Rock Stars, Sneakerheads, and a Spice Girl - Artsy
To Attract Young Collectors, Auction Houses Tap Rock Stars, Sneakerheads, and a Spice Girl  Artsy

2020 Las Vegas Motorcycle Auction Week Review - New Atlas
2020 Las Vegas Motorcycle Auction Week Review  New Atlas

K-pop band BTS's microphones fetch $83,200 at auction - Reuters
K-pop band BTS's microphones fetch $83,200 at auction  Reuters

Christie’s New ‘Accessible’ Auction Sells Big Names Starting at $100 - Observer
Christie’s New ‘Accessible’ Auction Sells Big Names Starting at $100  Observer

Audi 80 Cabriolet Once Owned by Diana, Princess of Wales, Headed to Auction - Car and Driver
Audi 80 Cabriolet Once Owned by Diana, Princess of Wales, Headed to Auction  Car and Driver

Greece says landmark 15-year bond auction successful - WTOP
Greece says landmark 15-year bond auction successful  WTOP

Humane Society Dinner & Auction set March 21 - News - Canton Daily Ledger
Humane Society Dinner & Auction set March 21 - News  Canton Daily Ledger

Japan's fifth solar auction delivers final lowest price of $0.10/kWh - pv magazine International
Japan's fifth solar auction delivers final lowest price of $0.10/kWh  pv magazine International

More than 100 vehicles up for bid at Ohio surplus auction - 13abc Action News
More than 100 vehicles up for bid at Ohio surplus auction  13abc Action News

Finnish auction house takes over Wisconsin mink trading hub - Wisconsin State Farmer
Finnish auction house takes over Wisconsin mink trading hub  Wisconsin State Farmer

Take your pick from these 25 dream machines up for auction in Paris - msnNOW
Take your pick from these 25 dream machines up for auction in Paris  msnNOW

JFK documents tied to ex-California governor sold at auction - Santa Rosa Press Democrat
JFK documents tied to ex-California governor sold at auction  Santa Rosa Press Democrat

Arizona Car Week 2020: 4 car auctions to see in the Valley this week - ABC15 Arizona
Arizona Car Week 2020: 4 car auctions to see in the Valley this week  ABC15 Arizona

Objects Returned to Benin by French Collectors Had Been Removed From a Contested Auction - Hyperallergic
Objects Returned to Benin by French Collectors Had Been Removed From a Contested Auction  Hyperallergic

Mecum Auctions kicks off annual motorcycle auction - KLAS - 8 News Now
Mecum Auctions kicks off annual motorcycle auction  KLAS - 8 News Now

Student built motorcycle to go on auction block - Black Hills Pioneer
Student built motorcycle to go on auction block  Black Hills Pioneer

New Owner of Md. Home Sold at Auction Finds Body of Previous Resident - NBC4 Washington
New Owner of Md. Home Sold at Auction Finds Body of Previous Resident  NBC4 Washington

Habitat for Humanity Birdhouse Auction Soon - ValdostaToday.com
Habitat for Humanity Birdhouse Auction Soon  ValdostaToday.com

Missouri Auto Auction names new 2nd-generation owners - Auto Remarketing
Missouri Auto Auction names new 2nd-generation owners  Auto Remarketing

Late actor Paul Walker's vehicles garner $2.33 million at Arizona auction - Reuters
Late actor Paul Walker's vehicles garner $2.33 million at Arizona auction  Reuters

Treasury borrows over $670 mln through auction - Hurriyet Daily News
Treasury borrows over $670 mln through auction  Hurriyet Daily News

Jerry Brown concerned by Sotheby's auction of his dad's rare JFK papers - POLITICO
Jerry Brown concerned by Sotheby's auction of his dad's rare JFK papers  POLITICO

Frank Sinatra auction: Gold-seated toilet, piano, clock among items from Chairman Suite at the former Golden Nugget Casino - CBS News
Frank Sinatra auction: Gold-seated toilet, piano, clock among items from Chairman Suite at the former Golden Nugget Casino  CBS News

Bipartisan Bill Would Ban Reverse Auctions for Federal Construction Contracts - GovExec.com
Bipartisan Bill Would Ban Reverse Auctions for Federal Construction Contracts  GovExec.com

Most Watched Kobe Bryant Rookie Card Auctions on eBay and Values - Sports Collectors Daily
Most Watched Kobe Bryant Rookie Card Auctions on eBay and Values  Sports Collectors Daily

Lee Harvey Oswald's Final Uncashed Paycheck, Up for Auction - TMZ
Lee Harvey Oswald's Final Uncashed Paycheck, Up for Auction  TMZ

Waseca residents partner up to host auctions for Officer Arik Matson; date set for March 14 - KEYC
Waseca residents partner up to host auctions for Officer Arik Matson; date set for March 14  KEYC

Online auctions as a means for selling seized property assets, Nikos Roussanoglou | Kathimerini - www.ekathimerini.com
Online auctions as a means for selling seized property assets, Nikos Roussanoglou | Kathimerini  www.ekathimerini.com

Donald Marron’s $450 M. Collection May Head to Auction: Report - ARTnews
Donald Marron’s $450 M. Collection May Head to Auction: Report  ARTnews

Rare '48 Tucker is just one of the million-dollar-plus cars up for auction this weekend - Yahoo Finance
Rare '48 Tucker is just one of the million-dollar-plus cars up for auction this weekend  Yahoo Finance

Lake County supervisors discuss tax defaulted land auctions - Lake County Record-Bee
Lake County supervisors discuss tax defaulted land auctions  Lake County Record-Bee

Preview: The 2020 Las Vegas Motorcycle Auctions - New Atlas
Preview: The 2020 Las Vegas Motorcycle Auctions  New Atlas

mmWave auction poised to resume, on path to $6B - FierceWireless
mmWave auction poised to resume, on path to $6B  FierceWireless

‘Mona Lisa of Mustangs,’ Raced in ‘Bullitt,’ Sets Auction Record - The New York Times
‘Mona Lisa of Mustangs,’ Raced in ‘Bullitt,’ Sets Auction Record  The New York Times

Centennial couple says the owner of a shuttered auction gallery still owes them money - The Denver Channel
Centennial couple says the owner of a shuttered auction gallery still owes them money  The Denver Channel

GI Area Habitat For Humanity Dinner/Auction KSNB - Video - KSNB Local 4
GI Area Habitat For Humanity Dinner/Auction KSNB - Video  KSNB Local 4

Squid Lips Property Goes Up for Auction - Sebastian Daily
Squid Lips Property Goes Up for Auction  Sebastian Daily

Design royalty is all atwitter about the Prince of Chintz auction - The Washington Post
Design royalty is all atwitter about the Prince of Chintz auction  The Washington Post

Solar secures just 5 MW in Italy's first 500 MW renewables auction - pv magazine International
Solar secures just 5 MW in Italy's first 500 MW renewables auction  pv magazine International

Greece starts 15-year bond auction as market rates favorable - WKMG News 6 & ClickOrlando
Greece starts 15-year bond auction as market rates favorable  WKMG News 6 & ClickOrlando

WISD to Host Auction for High Point School Items - thesuntimesnews.com
WISD to Host Auction for High Point School Items  thesuntimesnews.com

Annual art auction to go BAAC the last 30 years and into the future - Country 103.9 WRBI
Annual art auction to go BAAC the last 30 years and into the future  Country 103.9 WRBI

Thai officials accidentally auction off car loaded with amphetamine - BBC News
Thai officials accidentally auction off car loaded with amphetamine  BBC News

Basketball HOF to Auction Enshrinement Plaques of Michael Jordan, Shaq, More - Bleacher Report
Basketball HOF to Auction Enshrinement Plaques of Michael Jordan, Shaq, More  Bleacher Report

Mississippi man accused of stealing cattle from Tangipahoa auction market - The Advocate
Mississippi man accused of stealing cattle from Tangipahoa auction market  The Advocate

St. Jude Auction weekend kicks off in Minden - KTBS
St. Jude Auction weekend kicks off in Minden  KTBS

104 Vehicles Available at State Surplus Auction Saturday – WKTN- A division of Home Town Media - WKTN Radio
104 Vehicles Available at State Surplus Auction Saturday – WKTN- A division of Home Town Media  WKTN Radio

Alexander City Kiwanis Club to host annual dinner and auction - The Alexander City Outlook
Alexander City Kiwanis Club to host annual dinner and auction  The Alexander City Outlook

Prairie Warrior Auction set for March 21 | News, Sports, Jobs - Minot Daily News
Prairie Warrior Auction set for March 21 | News, Sports, Jobs  Minot Daily News

Online Auction To Benefit Lakeshore Public Schools | News/Talk 94.9 WSJM - News/Talk 94.9 WSJM
Online Auction To Benefit Lakeshore Public Schools | News/Talk 94.9 WSJM  News/Talk 94.9 WSJM

Chicago developer Hilco’s $240 million bid wins auction for bankrupt Philadelphia refinery - The Philadelphia Inquirer
Chicago developer Hilco’s $240 million bid wins auction for bankrupt Philadelphia refinery  The Philadelphia Inquirer

Phoebe Waller-Bridge Auctions Golden Globes Tuxedo on Ebay to Aid Australia Fires - Hollywood Reporter
Phoebe Waller-Bridge Auctions Golden Globes Tuxedo on Ebay to Aid Australia Fires  Hollywood Reporter

Shrewsbury auction firm schedules foreclosure auction for Framinghams Aegean Restaurant - MetroWest Daily News
Shrewsbury auction firm schedules foreclosure auction for Framinghams Aegean Restaurant  MetroWest Daily News

Muskie Booster Club Plays to Win with 30th Cake Auction - Discover Muscatine
Muskie Booster Club Plays to Win with 30th Cake Auction  Discover Muscatine

Mustang From Famed ‘Bullitt’ Car Chase Heads to Auction - The New York Times
Mustang From Famed ‘Bullitt’ Car Chase Heads to Auction  The New York Times

Japanese-Imported 1989 Mercedes-Benz 560 SEL AMG Hits RM Sotheby's Youngtimer Auction - HYPEBEAST
Japanese-Imported 1989 Mercedes-Benz 560 SEL AMG Hits RM Sotheby's Youngtimer Auction  HYPEBEAST

Hidalgo County hosting surplus auction on vehicles, equipment this weekend - KGBT-TV
Hidalgo County hosting surplus auction on vehicles, equipment this weekend  KGBT-TV

The Christie's 100 Is Its Most Accessible Auction to Date - Highsnobiety
The Christie's 100 Is Its Most Accessible Auction to Date  Highsnobiety

Mexico's president doubles down on nationalist line: no oil auctions - Reuters
Mexico's president doubles down on nationalist line: no oil auctions  Reuters

Shrewbury auction firm schedules foreclosure auction for Framinghams Aegean Restaurant - MetroWest Daily News
Shrewbury auction firm schedules foreclosure auction for Framinghams Aegean Restaurant  MetroWest Daily News

Christie’s Has Cancelled Plans for a Middle Eastern Art Auction in Dubai, Citing a Lack of Top-Quality Works - artnet News
Christie’s Has Cancelled Plans for a Middle Eastern Art Auction in Dubai, Citing a Lack of Top-Quality Works  artnet News

Sotheby's Auctions Impressionist Paintings Recovered From Nazi Looting; Watercolors by JFK Also Go to Auction - Hyperallergic
Sotheby's Auctions Impressionist Paintings Recovered From Nazi Looting; Watercolors by JFK Also Go to Auction  Hyperallergic

NBA's Sacramento Kings partner with ConsenSys to launch sports gear auctions on Ethereum - The Block Crypto
NBA's Sacramento Kings partner with ConsenSys to launch sports gear auctions on Ethereum  The Block Crypto

Lionel Train Auction Draws Bidders from Across US - businessjournaldaily.com
Lionel Train Auction Draws Bidders from Across US  businessjournaldaily.com

Heritage Charity Auction Settles with EEOC in Employment Discrimination Suit - The National Law Review
Heritage Charity Auction Settles with EEOC in Employment Discrimination Suit  The National Law Review

Hidalgo County to hold surplus auction in Mission - KGBT-TV
Hidalgo County to hold surplus auction in Mission  KGBT-TV

Vintage Ford Bronco sells for $650,000 at auction for Alzheimer’s Association - KTVI Fox 2 St. Louis
Vintage Ford Bronco sells for $650,000 at auction for Alzheimer’s Association  KTVI Fox 2 St. Louis

From an Iconic Italian Racing Bike to a Revolutionary Harley: 4 Standout Motorcycles Star at the Mecum Auctions - Robb Report
From an Iconic Italian Racing Bike to a Revolutionary Harley: 4 Standout Motorcycles Star at the Mecum Auctions  Robb Report

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