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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. May / 12 / 2021

HiBid Auctions Now Featuring Motorcycles, ATVs, Antique Gas Pumps, and More, Following $41 Million Week - KPVI News 6
HiBid Auctions Now Featuring Motorcycles, ATVs, Antique Gas Pumps, and More, Following $41 Million Week  KPVI News 6

KAR Global All-in for Online Used-Vehicle Auctions - Ward's Auto
KAR Global All-in for Online Used-Vehicle Auctions  Ward's Auto

US Treasury auctions off three year note at 0.329%. WI at auction 0.327% - ForexLive
US Treasury auctions off three year note at 0.329%. WI at auction 0.327%  ForexLive

Merriam-Webster Dictionary Auctions Non-Fungible Token Definition as an NFT - CoinJournal
Merriam-Webster Dictionary Auctions Non-Fungible Token Definition as an NFT  CoinJournal

TREASURIES-Yields rise as inflation data, auctions eyed as next catalysts - Reuters
TREASURIES-Yields rise as inflation data, auctions eyed as next catalysts  Reuters

Live Now on Artnet Auctions: How Poland’s Historic Synagogues Inspired This Frank Stella Masterwork - artnet News
Live Now on Artnet Auctions: How Poland’s Historic Synagogues Inspired This Frank Stella Masterwork  artnet News

Christie’s Auctions Nine Rare CryptoPunk NFTs for Nearly $17M - Yahoo Finance
Christie’s Auctions Nine Rare CryptoPunk NFTs for Nearly $17M  Yahoo Finance

Dates Set for Next Online State Surplus Property Auction - Alabama News - Alabama News Network
Dates Set for Next Online State Surplus Property Auction - Alabama News  Alabama News Network

Auctions: Hunting Records And Smashing Estimates – 10 Highlights From Phillips Geneva Watch Auction XIII - HODINKEE
Auctions: Hunting Records And Smashing Estimates – 10 Highlights From Phillips Geneva Watch Auction XIII  HODINKEE

Steph Curry Auctions Hand-Painted Curry 8 Sneakers in Solidarity With AAPI Community - HYPEBEAST
Steph Curry Auctions Hand-Painted Curry 8 Sneakers in Solidarity With AAPI Community  HYPEBEAST

Kentucky, the gun dealer: Police take guns off the streets. The state puts them back again - Courier Journal
Kentucky, the gun dealer: Police take guns off the streets. The state puts them back again  Courier Journal

Keith Haring’s Refrigerator Door Is on the Auction Block - The New York Times
Keith Haring’s Refrigerator Door Is on the Auction Block  The New York Times

History Made, Record Broken as Verdigris Ensemble Auctions ‘Betty's Notebook' on the Blockchain - NBC 5 Dallas-Fort Worth
History Made, Record Broken as Verdigris Ensemble Auctions ‘Betty's Notebook' on the Blockchain  NBC 5 Dallas-Fort Worth

Little Falls Area Auction • Sunday, May 16 | Auctions - ECM Publishers
Little Falls Area Auction • Sunday, May 16 | Auctions  ECM Publishers

Russian rouble inches up ahead of OFZ bond auctions - Nasdaq
Russian rouble inches up ahead of OFZ bond auctions  Nasdaq

Milaca Area Auction • Thursday, May 20 | Auctions - ECM Publishers
Milaca Area Auction • Thursday, May 20 | Auctions  ECM Publishers

Ukraine may advance with critical minerals project auctions this year: Geological Service - S&P Global
Ukraine may advance with critical minerals project auctions this year: Geological Service  S&P Global

Jyske Realkredit's auction for July 1st 2021 refinancing - GlobeNewswire
Jyske Realkredit's auction for July 1st 2021 refinancing  GlobeNewswire

HiBid Auctions Top $53 Million Last Week, with Horses, Motorcycles, Appliances, and More Now Open for Bidding - PRNewswire
HiBid Auctions Top $53 Million Last Week, with Horses, Motorcycles, Appliances, and More Now Open for Bidding  PRNewswire

Da Vinci ‘Head of a Bear’ could sell for over $16 million at upcoming auction - Livescience.com
Da Vinci ‘Head of a Bear’ could sell for over $16 million at upcoming auction  Livescience.com

Russian diamond giant ALROSA says sold 2040 carats at digital auction in April - Kitco NEWS
Russian diamond giant ALROSA says sold 2040 carats at digital auction in April  Kitco NEWS

Kerilynn Wilson Auctions Graphic Novel The Faint of Heart - Bleeding Cool News
Kerilynn Wilson Auctions Graphic Novel The Faint of Heart  Bleeding Cool News

New York’s Auction Week Comes Roaring Back to Life at Christie’s $211 Million Contemporary Sale, Led by a Prized Basquiat Skull Painting - artnet News
New York’s Auction Week Comes Roaring Back to Life at Christie’s $211 Million Contemporary Sale, Led by a Prized Basquiat Skull Painting  artnet News

Sotheby’s, Christie’s Expect to Sell $1 Billion in Art at Spring Auctions - The Wall Street Journal
Sotheby’s, Christie’s Expect to Sell $1 Billion in Art at Spring Auctions  The Wall Street Journal

Bezos's Blue Origin auctions seat on first New Shepard spaceflight with passengers – Spaceflight Now - Spaceflight Now
Bezos's Blue Origin auctions seat on first New Shepard spaceflight with passengers – Spaceflight Now  Spaceflight Now

This rare purple-pink diamond could make $38M at auction - CNN
This rare purple-pink diamond could make $38M at auction  CNN

Oceanfront Property on Tavares Bay in Maui, HI to Auction via Concierge Auctions - EIN News
Oceanfront Property on Tavares Bay in Maui, HI to Auction via Concierge Auctions  EIN News

'Dark Green' REGO prices rocket in latest UK electronic auction - S&P Global
'Dark Green' REGO prices rocket in latest UK electronic auction  S&P Global

Ritchie Bros. conducts 71 farm auctions in 30 days, generating CA$104 million - PRNewswire
Ritchie Bros. conducts 71 farm auctions in 30 days, generating CA$104 million  PRNewswire

Sports memorabilia auction benefiting Habitat for Humanity - KAUZ
Sports memorabilia auction benefiting Habitat for Humanity  KAUZ

Ann Arbor’s canoe, kayak auction returns to Gallup Park on Saturday - WDIV ClickOnDetroit
Ann Arbor’s canoe, kayak auction returns to Gallup Park on Saturday  WDIV ClickOnDetroit

Could NFT auctions be moving away from Ethereum? One new group is betting they will - TechCrunch
Could NFT auctions be moving away from Ethereum? One new group is betting they will  TechCrunch

How to get a preview of the Redlands Symphony Gala’s virtual auction - Press-Enterprise
How to get a preview of the Redlands Symphony Gala’s virtual auction  Press-Enterprise

Art connecting with memory care patients; auction to benefit Alzheimer’s Association - WDTN.com
Art connecting with memory care patients; auction to benefit Alzheimer’s Association  WDTN.com

Three-Year Note Auction Attracts Average Demand - Nasdaq
Three-Year Note Auction Attracts Average Demand  Nasdaq

Want to bid on Blue Origin's space tourist seat auction? Be sure to read the fine print - Space.com
Want to bid on Blue Origin's space tourist seat auction? Be sure to read the fine print  Space.com

Special Heritage Auctions This Week Feature Classic Commemoratives, Ancient Roman Coins - CoinWeek
Special Heritage Auctions This Week Feature Classic Commemoratives, Ancient Roman Coins  CoinWeek

Elmdale/Sobieski Area Auction • Saturday, May 22 | Auctions - ECM Publishers
Elmdale/Sobieski Area Auction • Saturday, May 22 | Auctions  ECM Publishers

'Dazzled in every direction': Waterloo auction to feature thousands of collectibles, including Michael Jackson memorabilia - WCF Courier
'Dazzled in every direction': Waterloo auction to feature thousands of collectibles, including Michael Jackson memorabilia  WCF Courier

T-Mobile presses for 12 GHz auction – rather than 'windfall' for Dish - FierceWireless
T-Mobile presses for 12 GHz auction – rather than 'windfall' for Dish  FierceWireless

Rare 1893 Cleveland baseball card’s auction price soars - cleveland.com
Rare 1893 Cleveland baseball card’s auction price soars  cleveland.com

Early 2021 Auction Strategy Tips ⋆ Football Absurdity - Football Absurdity
Early 2021 Auction Strategy Tips ⋆ Football Absurdity  Football Absurdity

Patek Philippe and Roger Smith watches smash world records at auction - WatchPro USA
Patek Philippe and Roger Smith watches smash world records at auction  WatchPro USA

Michael Jordan Game-Worn UNC Jersey Auctions for $1.38 Million USD - HYPEBEAST
Michael Jordan Game-Worn UNC Jersey Auctions for $1.38 Million USD  HYPEBEAST

Kurt Cobain's Hair Is Up For Auction - BLABBERMOUTH.NET
Kurt Cobain's Hair Is Up For Auction  BLABBERMOUTH.NET

Surplus property auction to be held online second week in May - WKRG News 5
Surplus property auction to be held online second week in May  WKRG News 5

Italian royal tiara fetches $1.6 million at Swiss auction - Reuters
Italian royal tiara fetches $1.6 million at Swiss auction  Reuters

Police capture ‘agitated’ zebra that escaped from Tennessee auction - pennlive.com
Police capture ‘agitated’ zebra that escaped from Tennessee auction  pennlive.com

Sixers Youth Foundation Sneaker Auction Proceeds Top $300K For Local Youth | Philadelphia 76ers - Sixers.com
Sixers Youth Foundation Sneaker Auction Proceeds Top $300K For Local Youth | Philadelphia 76ers  Sixers.com

MobiTV bankruptcy auction starts this week with Amino as bidder - FierceVideo
MobiTV bankruptcy auction starts this week with Amino as bidder  FierceVideo

23 Porsche 911s, a Ferrari and a Tank: The Famed Leonard Collection Is up for Sale - Robb Report
23 Porsche 911s, a Ferrari and a Tank: The Famed Leonard Collection Is up for Sale  Robb Report

TiVo leads Roku and Amino in MobiTV auction with baseline bid of $14.1M - Light Reading
TiVo leads Roku and Amino in MobiTV auction with baseline bid of $14.1M  Light Reading

50 Cent, embracing the Houston way, attends Rodeo Houston wine auction - Chron
50 Cent, embracing the Houston way, attends Rodeo Houston wine auction  Chron

'I am emotionally drained': Oklahoma farmer auctions off animals, equipment to survive - KOKH FOX25
'I am emotionally drained': Oklahoma farmer auctions off animals, equipment to survive  KOKH FOX25

Chevyland USA Car Museum Collection Goes Up for Auction - Motor Trend
Chevyland USA Car Museum Collection Goes Up for Auction  Motor Trend

Bubbles & Bids: 49th annual Boys & Girls Club Auction - Santa Clarita Valley Signal
Bubbles & Bids: 49th annual Boys & Girls Club Auction  Santa Clarita Valley Signal

Rental-car companies crash used-car auctions to find scarce vehicles - Marketplace
Rental-car companies crash used-car auctions to find scarce vehicles  Marketplace

And then there was one: Single Brimfield antiques show opens Wednesday - Worcester Telegram
And then there was one: Single Brimfield antiques show opens Wednesday  Worcester Telegram

MCR Acquires The Staybridge Suites Cathedral City Palm Springs At Foreclosure Auction - Hospitality Net
MCR Acquires The Staybridge Suites Cathedral City Palm Springs At Foreclosure Auction  Hospitality Net

Former Yankees Exec's 1978 World Series Ring Part Of Wheatland Auction - Sports Collectors Daily
Former Yankees Exec's 1978 World Series Ring Part Of Wheatland Auction  Sports Collectors Daily

PREVIEW-U.S. Treasury debt auctions expected to remain steady in Q2 - Reuters
PREVIEW-U.S. Treasury debt auctions expected to remain steady in Q2  Reuters

Gooding hits 97 percent sales rate for Geared Online auction - The ClassicCars.com Journal
Gooding hits 97 percent sales rate for Geared Online auction  The ClassicCars.com Journal

South County Trolley company on the auction block - WJAR
South County Trolley company on the auction block  WJAR

Dealers see used inventory prices continue to climb at auction - http://cbtnews.com/
Dealers see used inventory prices continue to climb at auction  http://cbtnews.com/

The Public Theatre holding Annual Spring Auction online - Lewiston Sun Journal
The Public Theatre holding Annual Spring Auction online  Lewiston Sun Journal

Parts of original Mackinac Bridge steel placed on auction - WDIV ClickOnDetroit
Parts of original Mackinac Bridge steel placed on auction  WDIV ClickOnDetroit

Auctions: Grand Seiko Makes A Grand Entrance On The Auction Circuit - HODINKEE
Auctions: Grand Seiko Makes A Grand Entrance On The Auction Circuit  HODINKEE

Inmarsat heading to administrative court over Dutch 3.5 GHz auction - SpaceNews
Inmarsat heading to administrative court over Dutch 3.5 GHz auction  SpaceNews

Auction allows you a chance to own pieces of the original Mackinac Bridge - MLive.com
Auction allows you a chance to own pieces of the original Mackinac Bridge  MLive.com

MCR Picks Up Palm Springs Hotel at Auction - GlobeSt.com
MCR Picks Up Palm Springs Hotel at Auction  GlobeSt.com

LCCC holds online auction event – Times News Online - tnonline.com
LCCC holds online auction event – Times News Online  tnonline.com

EDDIE VAN HALEN's Stage-Played And Signed Charvel EVH Art Series Guitar Goes Up For Auction - BLABBERMOUTH.NET
EDDIE VAN HALEN's Stage-Played And Signed Charvel EVH Art Series Guitar Goes Up For Auction  BLABBERMOUTH.NET

Waynesboro group in final preparations for online cancer auction fundraiser - Waynesboro Record Herald
Waynesboro group in final preparations for online cancer auction fundraiser  Waynesboro Record Herald

AAMC Foundation hosts annual fundraiser through online auctions - Index-Journal
AAMC Foundation hosts annual fundraiser through online auctions  Index-Journal

Football from Tom Brady's first NFL touchdown pass going up for auction - ESPN
Football from Tom Brady's first NFL touchdown pass going up for auction  ESPN

RubiX Set to Hold NFT Art Auctions Full of “World's Firsts” - GlobeNewswire
RubiX Set to Hold NFT Art Auctions Full of “World's Firsts”  GlobeNewswire

Center Valley Animal Rescue hosts online auction - Port Townsend Leader
Center Valley Animal Rescue hosts online auction  Port Townsend Leader

Queen Victoria's Satin Slippers Are For Sale at Auction - TownandCountrymag.com
Queen Victoria's Satin Slippers Are For Sale at Auction  TownandCountrymag.com

Ann Arbor's used kayak and canoe auction is this weekend - FOX 2 Detroit
Ann Arbor's used kayak and canoe auction is this weekend  FOX 2 Detroit

MMIP working group launches silent auction - KPAX-TV
MMIP working group launches silent auction  KPAX-TV

First customer McLaren P1 listed at auction | McLaren P1 | SuperCars.net - Wade Thiel
First customer McLaren P1 listed at auction | McLaren P1 | SuperCars.net  Wade Thiel

Sotheby’s, the Boutique? The Auction House Has Opened a Brick-and-Mortar Shop for Diamond Earrings, Rare Nikes, and More - artnet News
Sotheby’s, the Boutique? The Auction House Has Opened a Brick-and-Mortar Shop for Diamond Earrings, Rare Nikes, and More  artnet News

Car of the Week: An Award-Winning 1933 Rolls-Royce Woodie Is Heading to Auction - Robb Report
Car of the Week: An Award-Winning 1933 Rolls-Royce Woodie Is Heading to Auction  Robb Report

Tom Brady's first-ever NFL touchdown pass football up for auction - Fox Business
Tom Brady's first-ever NFL touchdown pass football up for auction  Fox Business

ACV Auctions to Report First Quarter 2021 Financial Results on May 13, 2021 - GlobeNewswire
ACV Auctions to Report First Quarter 2021 Financial Results on May 13, 2021  GlobeNewswire

State resumes online auction of surplus equipment and vehicles - Vermont Biz
State resumes online auction of surplus equipment and vehicles  Vermont Biz

Auctions: A Mysterious Unsigned Chronograph Minute Repeater Is Coming Up At Phillips - HODINKEE
Auctions: A Mysterious Unsigned Chronograph Minute Repeater Is Coming Up At Phillips  HODINKEE

MBS Live Day Ahead: Bonds Bide Time With Fed Speakers and Auction Anxiety - Mortgage News Daily
MBS Live Day Ahead: Bonds Bide Time With Fed Speakers and Auction Anxiety  Mortgage News Daily

Adidas launches Reebok auction, China row may dent Asian interest -sources - Reuters
Adidas launches Reebok auction, China row may dent Asian interest -sources  Reuters

The pros of buying and selling in an online auction | - The ClassicCars.com Journal
The pros of buying and selling in an online auction |  The ClassicCars.com Journal

In the Heights Charity Auction - TownandCountrymag.com
In the Heights Charity Auction  TownandCountrymag.com

Second Chance opens online auction to help pets in need - WWLP.com
Second Chance opens online auction to help pets in need  WWLP.com

Italian tiara, Kashmir sapphire to feature at Sotheby's auction - Reuters
Italian tiara, Kashmir sapphire to feature at Sotheby's auction  Reuters

Silent auction supports MMIP, closes May 17 - Valleyjournal
Silent auction supports MMIP, closes May 17  Valleyjournal

This New Online Auction Site Lets You Buy Rare Cars Right From Your Phone - Robb Report
This New Online Auction Site Lets You Buy Rare Cars Right From Your Phone  Robb Report

Middling U.S. Treasury auctions mean lull in yields continues for now - Reuters
Middling U.S. Treasury auctions mean lull in yields continues for now  Reuters

TREASURIES-Intermediate-dated yields rise after auctions - Reuters
TREASURIES-Intermediate-dated yields rise after auctions  Reuters

Bond market braces for Treasury yield surge following record auctions - S&P Global
Bond market braces for Treasury yield surge following record auctions  S&P Global

Silver dollar prototype once owned by Texas Rangers co-chairman Bob Simpson sells at auction for $840,000 - ESPN
Silver dollar prototype once owned by Texas Rangers co-chairman Bob Simpson sells at auction for $840,000  ESPN

Global Online Auction Market (2021 to 2025) - Key Players Featured are Auction Technology, eBay, Ritchie Bros. Auctioneers and Live Auctioneers - PRNewswire
Global Online Auction Market (2021 to 2025) - Key Players Featured are Auction Technology, eBay, Ritchie Bros. Auctioneers and Live Auctioneers  PRNewswire

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