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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 Wed. June / 16 / 2021

U.S. judge orders resumption in federal drilling auctions in setback for Biden - Reuters
U.S. judge orders resumption in federal drilling auctions in setback for Biden  Reuters

Jeff Bezos’ Blue Origin auctions off seat on first human spaceflight for $28M - TechCrunch
  1. Jeff Bezos’ Blue Origin auctions off seat on first human spaceflight for $28M  TechCrunch
  2. Blue Origin auctions seat on first spaceflight with Jeff Bezos for $28 million  CNBC
  3. Blue Origin auctions New Shepard ride with Jeff Bezos for $28 million  The Verge
  4. Blue Origin auctions off a trip to the edge of space for $28 million  Axios
  5. Blue Origin auctions New Shepard seat for $28 million  SpaceNews
  6. View Full Coverage on Google News

Japan Holds First Premium Watermelon Auctions of the Season - NBC 10 Philadelphia
Japan Holds First Premium Watermelon Auctions of the Season  NBC 10 Philadelphia

Canada launches long-awaited auction of 5G spectrum - Reuters
Canada launches long-awaited auction of 5G spectrum  Reuters

Jeff Bezos Blue Origin Space Flight Auctions for $28 Million - The New York Times
Jeff Bezos Blue Origin Space Flight Auctions for $28 Million  The New York Times

Bid4Assets Celebrates Its 1,000,000th Online Auction - PRNewswire
Bid4Assets Celebrates Its 1,000,000th Online Auction  PRNewswire

World Wide Web code that changed the world up for auction as NFT - Reuters
World Wide Web code that changed the world up for auction as NFT  Reuters

Haiti Benefit Auction moves to new location - observer-review.com - OBSERVER-REVIEW.COM
Haiti Benefit Auction moves to new location - observer-review.com  OBSERVER-REVIEW.COM

US treasury auctions of $24 billion of 20 year notes at a high yield of 2.12% - ForexLive
US treasury auctions of $24 billion of 20 year notes at a high yield of 2.12%  ForexLive

Blue Origin Auction Ends With a Closing Bid of $28 million - Universe Today
Blue Origin Auction Ends With a Closing Bid of $28 million  Universe Today

Kurt Cobain's Self-Portrait Sketch from 1992 Sells at Auction for $281,250 - PEOPLE
Kurt Cobain's Self-Portrait Sketch from 1992 Sells at Auction for $281,250  PEOPLE

Bill Gates' company among bidders in auction of Easterday farms properties - Capital Press
Bill Gates' company among bidders in auction of Easterday farms properties  Capital Press

At Phillips, watch auctions are a fine art - High Horology Journal
At Phillips, watch auctions are a fine art  High Horology Journal

Pokémon TCG Demo Pack Up For Auction At Heritage Auctions - Bleeding Cool News
Pokémon TCG Demo Pack Up For Auction At Heritage Auctions  Bleeding Cool News

Kraken Announces Parachain Slot Auctions for Kusama, a Scalable Network of Specialized Blockchains - Crowdfund Insider
Kraken Announces Parachain Slot Auctions for Kusama, a Scalable Network of Specialized Blockchains  Crowdfund Insider

Kusama Parachain Auctions - The Next Generation Of Token Offerings is Here - Forbes
Kusama Parachain Auctions - The Next Generation Of Token Offerings is Here  Forbes

Another first for Polkadot as Kusama council approves first parachain slot auction - Cointelegraph
Another first for Polkadot as Kusama council approves first parachain slot auction  Cointelegraph

Pokémon TCG 1st Ed. Jungle Booster Box On Auction At Heritage - Bleeding Cool News
Pokémon TCG 1st Ed. Jungle Booster Box On Auction At Heritage  Bleeding Cool News

'Special' kelpie sells for staggering $27,000 at working dog auction - CNN
'Special' kelpie sells for staggering $27,000 at working dog auction  CNN

Auction for closed brewery equipment set to close this week - Eureka Times-Standard
Auction for closed brewery equipment set to close this week  Eureka Times-Standard

Own A Piece Of Rathskeller History Through Planned Auction - Onward State
Own A Piece Of Rathskeller History Through Planned Auction  Onward State

Napa’s extravagant wine auction ends after 40 years, changing to be less ‘elitist’ - San Francisco Chronicle
Napa’s extravagant wine auction ends after 40 years, changing to be less ‘elitist’  San Francisco Chronicle

Mecum Auctions makes big debut in Tulsa with 200 more cars than originally expected - KTUL
Mecum Auctions makes big debut in Tulsa with 200 more cars than originally expected  KTUL

Auction Napa Valley will be replaced with yearlong fundraising campaign when it resumes - Santa Rosa Press Democrat
Auction Napa Valley will be replaced with yearlong fundraising campaign when it resumes  Santa Rosa Press Democrat

RoofClaim.com CEO Hosts Live & Online Automobilia Auction - Business Wire
RoofClaim.com CEO Hosts Live & Online Automobilia Auction  Business Wire

Inside The TV And Movie Memorabilia Auction Expected To Bring In Over $6.1 Million - Forbes
Inside The TV And Movie Memorabilia Auction Expected To Bring In Over $6.1 Million  Forbes

Motorway’s auction platform for second-hand cars raises $67.7M Series B led by Index Ventures - TechCrunch
Motorway’s auction platform for second-hand cars raises $67.7M Series B led by Index Ventures  TechCrunch

1987 Buick GNX with 8.7 miles on it headed to auction - Motor Authority
1987 Buick GNX with 8.7 miles on it headed to auction  Motor Authority

Want to own some 'Tiger King' memorabilia being auctioned by Joe Exotic? Here's how - Oklahoman.com
Want to own some 'Tiger King' memorabilia being auctioned by Joe Exotic? Here's how  Oklahoman.com

Connecticut Lighthouse Going Up For Auction - NBC Connecticut
Connecticut Lighthouse Going Up For Auction  NBC Connecticut

County Real Estate Auction Sees Increased Sales - Public Radio Tulsa
County Real Estate Auction Sees Increased Sales  Public Radio Tulsa

Former state-owned hospital goes to auction - PennLive
Former state-owned hospital goes to auction  PennLive

Exceptional online auction of solar cell production lines - PV-Tech
Exceptional online auction of solar cell production lines  PV-Tech

Polkadot’s Kusama Network to Start Parachain Auctions Next Week - CoinDesk - CoinDesk
Polkadot’s Kusama Network to Start Parachain Auctions Next Week - CoinDesk  CoinDesk

City of Eagle auctions off former 35-acre Floating Feather park site - boisedev.com
City of Eagle auctions off former 35-acre Floating Feather park site  boisedev.com

Parkland in Eagle auctioned off for $9.1 million - KTVB.com
Parkland in Eagle auctioned off for $9.1 million  KTVB.com

VAMs and Dimple Morgan Dollars Reflected in Month-Long Auction - CoinWeek
VAMs and Dimple Morgan Dollars Reflected in Month-Long Auction  CoinWeek

1995 McLaren F1 with only 242 miles going to auction - Autoblog
1995 McLaren F1 with only 242 miles going to auction  Autoblog

Online auction raising money for new Boyertown museum - 69News WFMZ-TV
Online auction raising money for new Boyertown museum  69News WFMZ-TV

HiBid Auctions Feature Everything from Repo Vehicles to Fine Jewelry, with Over $40 Million Sold Last Week - PRNewswire
HiBid Auctions Feature Everything from Repo Vehicles to Fine Jewelry, with Over $40 Million Sold Last Week  PRNewswire

Mona Lisa up for auction? Not quite - Reuters
Mona Lisa up for auction? Not quite  Reuters

German wind auction reaches 1GW for first time since 2017 - Windpower Monthly
German wind auction reaches 1GW for first time since 2017  Windpower Monthly

10 Standout Auction Lots on Artsy This Week - Artsy
10 Standout Auction Lots on Artsy This Week  Artsy

Huntsville Crime Stoppers Charity Auction happening now - WAFF
Huntsville Crime Stoppers Charity Auction happening now  WAFF

Auction items for radio-telethon - Hillsboro Times Gazette
Auction items for radio-telethon  Hillsboro Times Gazette

Oasis Family Resource Center Hosts Online Survivors Auction - 9 & 10 News - 9&10 News
Oasis Family Resource Center Hosts Online Survivors Auction - 9 & 10 News  9&10 News

The Top 5 Biggest Lots Sold Through Artnet Auctions This Year, From a Frank Stella Masterwork to an Andy Warhol Icon - artnet News
The Top 5 Biggest Lots Sold Through Artnet Auctions This Year, From a Frank Stella Masterwork to an Andy Warhol Icon  artnet News

Annual Tulsa County Real Estate Auction Continues - News On 6
Annual Tulsa County Real Estate Auction Continues  News On 6

Auction of Washington Wines Hosts Karen Macneil Virtual Wine Tastings, June 30-Aug. 4, 2021 - wineindustryadvisor.com
Auction of Washington Wines Hosts Karen Macneil Virtual Wine Tastings, June 30-Aug. 4, 2021  wineindustryadvisor.com

HiBid Records $44 Million in Auction Sales Last Week, with Returned and Seized Items Now Up for Bidding - PRNewswire
HiBid Records $44 Million in Auction Sales Last Week, with Returned and Seized Items Now Up for Bidding  PRNewswire

A 110-year-old bottle of Champagne is about to go on the block in an auction that could fetch millions - CNBC
A 110-year-old bottle of Champagne is about to go on the block in an auction that could fetch millions  CNBC

Current HiBid Auctions Include Speedboats, Jet Skis, Sports Cars, Motorcycles, and More, Following $30.7 Million Week - PRNewswire
Current HiBid Auctions Include Speedboats, Jet Skis, Sports Cars, Motorcycles, and More, Following $30.7 Million Week  PRNewswire

One of the Most Notorious Issues of Crime Does Not Pay, Up for Auction - Bleeding Cool News
One of the Most Notorious Issues of Crime Does Not Pay, Up for Auction  Bleeding Cool News

Kurt Cobain Self-Portrait, Alex Van Halen Drums Sell Big at Auction - wmmr.com
Kurt Cobain Self-Portrait, Alex Van Halen Drums Sell Big at Auction  wmmr.com

Upcoming Heritage memorabilia auction to feature dozens of Star Trek matte paintings and other items - Daily Star Trek News
Upcoming Heritage memorabilia auction to feature dozens of Star Trek matte paintings and other items  Daily Star Trek News

Predators celebrate 615 Day with party, silent auction at Ford Ice Center to benefit Boys & Girls Clubs of Middle Tennessee - NewsChannel5.com
Predators celebrate 615 Day with party, silent auction at Ford Ice Center to benefit Boys & Girls Clubs of Middle Tennessee  NewsChannel5.com

Online Originals: Monthly auction gives back to Craven County community - WNCT
Online Originals: Monthly auction gives back to Craven County community  WNCT

Behind Blue Origin bids: RR Auction vets viers for New Shepard seat - collectSPACE.com
Behind Blue Origin bids: RR Auction vets viers for New Shepard seat  collectSPACE.com

Arizona land auction postponed again after no one bids - ABC15 Arizona
Arizona land auction postponed again after no one bids  ABC15 Arizona

'It's like a live auction': Housing market sees price increase, more cash offers - ActionNewsJax.com
'It's like a live auction': Housing market sees price increase, more cash offers  ActionNewsJax.com

Government auctions vehicles with open recalls in Phoenix - AZFamily
Government auctions vehicles with open recalls in Phoenix  AZFamily

Crucial 5G Auction Could Pave Way for New Canadian Wireless Player - Bloomberg
Crucial 5G Auction Could Pave Way for New Canadian Wireless Player  Bloomberg

How Unity used a modified auction to go public - IR Magazine
How Unity used a modified auction to go public  IR Magazine

PHPA Captains' Club Jersey Auction is underway - ECHL.com
PHPA Captains' Club Jersey Auction is underway  ECHL.com

FCC sets October start date for 3.45 GHz auction - FierceWireless
FCC sets October start date for 3.45 GHz auction  FierceWireless

'Covid Alien' CryptoPunk NFT sells for over $11.7 million to billionaire buyer in Sotheby's auction - CNBC
'Covid Alien' CryptoPunk NFT sells for over $11.7 million to billionaire buyer in Sotheby's auction  CNBC

Two Kentucky Real Estate Professionals Indicted for Rigging Farmland Auction - Department of Justice
Two Kentucky Real Estate Professionals Indicted for Rigging Farmland Auction  Department of Justice

Fort Seward barracks storage auction draws crowd both for a chance to look inside, and to discover old items | KHNS Radio - KHNS Radio
Fort Seward barracks storage auction draws crowd both for a chance to look inside, and to discover old items | KHNS Radio  KHNS Radio

St. Louis County land auction nets $900,000 - Duluth News Tribune
St. Louis County land auction nets $900,000  Duluth News Tribune

Rice/St. Cloud Area Auction • Saturday, June 5 | Auctions - ECM Publishers
Rice/St. Cloud Area Auction • Saturday, June 5 | Auctions  ECM Publishers

EDDIE VAN HALEN's Charvel Art Series Guitars Sell For $210000 At Auction - BLABBERMOUTH.NET
EDDIE VAN HALEN's Charvel Art Series Guitars Sell For $210000 At Auction  BLABBERMOUTH.NET

Latest News in Black Art: Julie Mehretu Benefit Auction Sets New Record, Vanessa German Joins Kasmin, Gordon Parks Documentary, Jean-Michel Basquiat & More - Culture Type
Latest News in Black Art: Julie Mehretu Benefit Auction Sets New Record, Vanessa German Joins Kasmin, Gordon Parks Documentary, Jean-Michel Basquiat & More  Culture Type

One Giant Sale for Mankind: Armstrong’s Moon Mission Companions Auctioned - The Aviationist
One Giant Sale for Mankind: Armstrong’s Moon Mission Companions Auctioned  The Aviationist

A Man Who Died Of COVID Left His Family A Cache Of Baseball Cards Worth Millions - NPR
A Man Who Died Of COVID Left His Family A Cache Of Baseball Cards Worth Millions  NPR

Kevin Hart’s Gorgeous Custom 1977 Ford Bronco Is Heading to Auction This Week - Robb Report
Kevin Hart’s Gorgeous Custom 1977 Ford Bronco Is Heading to Auction This Week  Robb Report

County to auction off hundreds of properties with unpaid taxes - Tulsa World
County to auction off hundreds of properties with unpaid taxes  Tulsa World

The Most Expensive Picassos to Sell at Auction - ARTnews
The Most Expensive Picassos to Sell at Auction  ARTnews

Nuclear capacity increases by 4.5 GW in long-delayed 'MOPRed' PJM auction, coal loses 8 GW - Utility Dive
Nuclear capacity increases by 4.5 GW in long-delayed 'MOPRed' PJM auction, coal loses 8 GW  Utility Dive

Art Thefts Rock Italian Broadcaster, David Bowie Work to Auction, and More: Morning Links from June 14, 2021 - ARTnews
Art Thefts Rock Italian Broadcaster, David Bowie Work to Auction, and More: Morning Links from June 14, 2021  ARTnews

World's Most Valuable Postage Stamp Falls Short Of Anticipated Auction Record - NPR
World's Most Valuable Postage Stamp Falls Short Of Anticipated Auction Record  NPR

How Shop an Auction : Finding a Deal on Furniture at an Auction - HouseBeautiful.com
How Shop an Auction : Finding a Deal on Furniture at an Auction  HouseBeautiful.com

Courthouse commotion — protesters try to disrupt World Class foreclosure auctions - KXAN.com
Courthouse commotion — protesters try to disrupt World Class foreclosure auctions  KXAN.com

Princeton Area Auction • Friday, May 28 | Auctions - ECM Publishers
Princeton Area Auction • Friday, May 28 | Auctions  ECM Publishers

1964 Cleveland Browns items sold at recent auction, including Frank Ryan’s championship ring - cleveland.com
1964 Cleveland Browns items sold at recent auction, including Frank Ryan’s championship ring  cleveland.com

Berks County to Hold First-Ever Online Auction for Delinquent Real Estate Taxes via Bid4Assets.com - PRNewswire
Berks County to Hold First-Ever Online Auction for Delinquent Real Estate Taxes via Bid4Assets.com  PRNewswire

Portion of Torch Lake property sells for nearly $2 million at auction - UpNorthLive.com
Portion of Torch Lake property sells for nearly $2 million at auction  UpNorthLive.com

State will auction off endowment land near Caldwell for future housing - boisedev.com
State will auction off endowment land near Caldwell for future housing  boisedev.com

Orchards Hotel to be sold at auction June 30 - Berkshire Eagle
Orchards Hotel to be sold at auction June 30  Berkshire Eagle

Sale of Museum Paintings Helps Conclude Strong Auction Season - The New York Times
Sale of Museum Paintings Helps Conclude Strong Auction Season  The New York Times

This stolen Corvette was recovered in Rochester. NY sold it at auction. - Democrat & Chronicle
This stolen Corvette was recovered in Rochester. NY sold it at auction.  Democrat & Chronicle

Fate of Illinois nuclear plants in balance after 3 fail to clear PJM auction and subsidy plan stalls - Utility Dive
Fate of Illinois nuclear plants in balance after 3 fail to clear PJM auction and subsidy plan stalls  Utility Dive

Smith County to hold auction of 26 vehicles - KLTV
Smith County to hold auction of 26 vehicles  KLTV

Real Estate Auction Firms - Wichita Business Journal - Wichita Business Journal
Real Estate Auction Firms - Wichita Business Journal  Wichita Business Journal

Corvette at OGS auction sells for $32,300 - WRGB
Corvette at OGS auction sells for $32,300  WRGB

'Charlie Bit Me' Will Remain On YouTube After NFT Auction Switcheroo - NPR
'Charlie Bit Me' Will Remain On YouTube After NFT Auction Switcheroo  NPR

Arizona site auctions postponed again; Austin likely landing spot for Samsung, reports say - Phoenix Business Journal - Phoenix Business Journal
Arizona site auctions postponed again; Austin likely landing spot for Samsung, reports say - Phoenix Business Journal  Phoenix Business Journal

Social Auction App SuperBid Enters The Ring With Logan Paul And Floyd Mayweather In Their Upcoming Fight - PRNewswire
Social Auction App SuperBid Enters The Ring With Logan Paul And Floyd Mayweather In Their Upcoming Fight  PRNewswire

Rookie card of Tampa Bay Buccaneers QB Tom Brady sells for record $3.107 million at auction - ESPN
Rookie card of Tampa Bay Buccaneers QB Tom Brady sells for record $3.107 million at auction  ESPN

Michigan DNR to auction 10 properties, including waterfront Torch Lake land: What to know - Detroit Free Press
Michigan DNR to auction 10 properties, including waterfront Torch Lake land: What to know  Detroit Free Press

UC Berkeley's Nobel NFT auction set for noon PDT on June 7 - UC Berkeley
UC Berkeley's Nobel NFT auction set for noon PDT on June 7  UC Berkeley

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