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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. February / 24 / 2021

Rare Vehicles, Real Estate, and More Now Up for Bid on HiBid.com After $30.5M Sold in Last Week's Auctions - PRNewswire
Rare Vehicles, Real Estate, and More Now Up for Bid on HiBid.com After $30.5M Sold in Last Week's Auctions  PRNewswire

Bethesda Auctions Chance to Design Starfield Character for Charity - IGN - IGN
Bethesda Auctions Chance to Design Starfield Character for Charity - IGN  IGN

Minnesota priest auctions off baseball card collection for charity - CNN
Minnesota priest auctions off baseball card collection for charity  CNN

How to Shop Auctions for Home Design Deals - NBC4 Washington
How to Shop Auctions for Home Design Deals  NBC4 Washington

Collector car auction coming to State Farm Stadium in March - KTAR.com
Collector car auction coming to State Farm Stadium in March  KTAR.com

Treasury Makes History With First Two-Year Note Auction Premium - Bloomberg
Treasury Makes History With First Two-Year Note Auction Premium  Bloomberg

Historic Threads Dance Wild At Augusta Auctions - Antiques and the Arts Online
Historic Threads Dance Wild At Augusta Auctions  Antiques and the Arts Online

USRSB Sustainability Modules For Feedyards and Auctions - Drovers Magazine
USRSB Sustainability Modules For Feedyards and Auctions  Drovers Magazine

Inside the deal: How Runnemede-based Goldin Auctions raised $40 million when it wasn't looking to do so. - Philadelphia Business - Philadelphia Business Journal
Inside the deal: How Runnemede-based Goldin Auctions raised $40 million when it wasn't looking to do so. - Philadelphia Business  Philadelphia Business Journal

FERC Clarifies Order on State-Directed Default Service Auctions in PJM - JD Supra
FERC Clarifies Order on State-Directed Default Service Auctions in PJM  JD Supra

Owners of shuttered businesses turn to online auctions to sell what’s left - fox5sandiego.com
Owners of shuttered businesses turn to online auctions to sell what’s left  fox5sandiego.com

Benefits of in-person used-car auctions remain clear - Automotive News
Benefits of in-person used-car auctions remain clear  Automotive News

Diamond Private Club To Host Auction For Rare Stones & Fancy Diamonds In Dubai - Yahoo Finance
Diamond Private Club To Host Auction For Rare Stones & Fancy Diamonds In Dubai  Yahoo Finance

A Stylist Auctions His First Haircut After Confinement and Manages to Sell It for More Than $480 - Entrepreneur
A Stylist Auctions His First Haircut After Confinement and Manages to Sell It for More Than $480  Entrepreneur

ADECA sets online state surplus property auction for Feb. 25 – March 3 - Dothan Eagle
ADECA sets online state surplus property auction for Feb. 25 – March 3  Dothan Eagle

Martha's Vineyard News | Donations Sought for Chilmark School Auction - The Vineyard Gazette - Martha's Vineyard News
Martha's Vineyard News | Donations Sought for Chilmark School Auction  The Vineyard Gazette - Martha's Vineyard News

Cadoco Corp. Auctions its Brand Booster for Luxury Vehicles and Chauffeur Services - Yahoo Finance
Cadoco Corp. Auctions its Brand Booster for Luxury Vehicles and Chauffeur Services  Yahoo Finance

Hundreds of Colorado self-storage units up for auction during pandemic - The Denver Channel
Hundreds of Colorado self-storage units up for auction during pandemic  The Denver Channel

State’s first auto auction of 2021 held at Manheim Keystone Pa. in Dauphin County - ABC27
State’s first auto auction of 2021 held at Manheim Keystone Pa. in Dauphin County  ABC27

Stakes in Falcone’s Hamptons, New York Homes Head to Auction - Bloomberg
Stakes in Falcone’s Hamptons, New York Homes Head to Auction  Bloomberg

Radiohead sketchbook sells for £5,000 after auction - BBC News
Radiohead sketchbook sells for £5,000 after auction  BBC News

John Carmack proposes GPU and console auctions to beat scalpers - The Verge
John Carmack proposes GPU and console auctions to beat scalpers  The Verge

Auction starts for all Lakeside Inn memorabilia and contents - South Tahoe Now
Auction starts for all Lakeside Inn memorabilia and contents  South Tahoe Now

Indian State Auctions 6.4 Gigawatts Of Solar At 3.68¢ Per kWh - CleanTechnica
Indian State Auctions 6.4 Gigawatts Of Solar At 3.68¢ Per kWh  CleanTechnica

Whisky collection sells for $9.1m at auction - The Spirits Business
Whisky collection sells for $9.1m at auction  The Spirits Business

Rainier Education Foundation to Hold Annual Auction Online March 27 - Nisqually Valley News
Rainier Education Foundation to Hold Annual Auction Online March 27  Nisqually Valley News

Major Indian artists at upcoming New York auction series - MENAFN.COM
Major Indian artists at upcoming New York auction series  MENAFN.COM

Legend Rare Coin Auctions Regency 43: Lots You Need to Know - CoinWeek
Legend Rare Coin Auctions Regency 43: Lots You Need to Know  CoinWeek

Target Auction Company Announces Auction Sale of a Luxury Estate on 6.5± Acres in Tupelo, Mississippi on March 18th - leader-call.com
Target Auction Company Announces Auction Sale of a Luxury Estate on 6.5± Acres in Tupelo, Mississippi on March 18th  leader-call.com

Sports Signed 1933 Babe Ruth card sells for $761K at auction 21 hours ago - 97.1 The Ticket
Sports Signed 1933 Babe Ruth card sells for $761K at auction 21 hours ago  97.1 The Ticket

Piauí to hold highway PPP auction in May - BNamericas English
Piauí to hold highway PPP auction in May  BNamericas English

Priest plans to auction coveted baseball cards to aid low-income students - Catholic News Service
Priest plans to auction coveted baseball cards to aid low-income students  Catholic News Service

Special Offering of Ancient Roman Coins in Heritage Auctions Month-Long Sale - CoinWeek
Special Offering of Ancient Roman Coins in Heritage Auctions Month-Long Sale  CoinWeek

Christie's To Host Its First-Ever Auction That Accepts Cryptocurrency | Auctions News - TheValue.com
Christie's To Host Its First-Ever Auction That Accepts Cryptocurrency | Auctions News  TheValue.com

Lessons from spectrum auctions: Entner | FierceWireless - FierceWireless
Lessons from spectrum auctions: Entner | FierceWireless  FierceWireless

Auction Calendar: February 26, 2021 - Wisconsin State Farmer
Auction Calendar: February 26, 2021  Wisconsin State Farmer

Watertown Fire Department heavy rescue truck up for auction - WWTI - InformNNY.com
Watertown Fire Department heavy rescue truck up for auction  WWTI - InformNNY.com

Phillips to Auction Jean Dunand's 'Les Palmiers' Smoking Room - Art & Object
Phillips to Auction Jean Dunand's 'Les Palmiers' Smoking Room  Art & Object

Sotheby's to Auction Virgil Abloh Sneaker Prototype for Vuitton - WWD
Sotheby's to Auction Virgil Abloh Sneaker Prototype for Vuitton  WWD

St. Louis County's online land auction nets $764,000 in sales - Duluth News Tribune
St. Louis County's online land auction nets $764,000 in sales  Duluth News Tribune

Polkadot (DOT) gains 42% ahead of its long-awaited parachain auctions - Cointelegraph
Polkadot (DOT) gains 42% ahead of its long-awaited parachain auctions  Cointelegraph

Two-Year Note Auction Attracts Below Average Demand - Nasdaq
Two-Year Note Auction Attracts Below Average Demand  Nasdaq

Land Between the Lakes Hosts Virtual Bison Auction - wkdzradio.com
Land Between the Lakes Hosts Virtual Bison Auction  wkdzradio.com

Ukraine state auctions seized underwear - BBC News
Ukraine state auctions seized underwear  BBC News

'We're anxious and ready to go': Columbus Public Library auction set for Saturday - Columbus Telegram
'We're anxious and ready to go': Columbus Public Library auction set for Saturday  Columbus Telegram

Rare Chesapeake Decoys Sell at Auction for up to $155K Each - Chesapeake Bay Magazine
Rare Chesapeake Decoys Sell at Auction for up to $155K Each  Chesapeake Bay Magazine

Proceeds from convicted San Antonio oilman’s luxury auction will go toward fraud victims, gallery says - KSAT San Antonio
Proceeds from convicted San Antonio oilman’s luxury auction will go toward fraud victims, gallery says  KSAT San Antonio

Podcast: What's the story with the C-band auction? - Light Reading
Podcast: What's the story with the C-band auction?  Light Reading

Presidents' Day Auction Offers Abraham Lincoln's Hair and Other Oddities - The New York Times
Presidents' Day Auction Offers Abraham Lincoln's Hair and Other Oddities  The New York Times

Security-sponsored investment auctions: A new violation of displaced farmers' property rights in northwestern Syria - Syria Direct
Security-sponsored investment auctions: A new violation of displaced farmers' property rights in northwestern Syria  Syria Direct

Annual fur auction to be held online | Local News | postregister.com - Post Register
Annual fur auction to be held online | Local News | postregister.com  Post Register

PAI's Rare Posters Auction #83, March 14, features works by Cappiello, Cassandre, Mucha, Toulouse-Lautrec - ArtfixDaily
PAI's Rare Posters Auction #83, March 14, features works by Cappiello, Cassandre, Mucha, Toulouse-Lautrec  ArtfixDaily

Major Auction Houses Unveil Highlights of Asia Week New York Sales - Barron's
Major Auction Houses Unveil Highlights of Asia Week New York Sales  Barron's

Christie's becomes first major auction house to sell cryptocurrency-based artwork | TheHill - The Hill
Christie's becomes first major auction house to sell cryptocurrency-based artwork | TheHill  The Hill

Hard Asset Equipment Online Auction Market SWOT Analysis by Leading Key Players | Euro Auctions UK Ltd.,Machinery Auctioneers – KSU | The Sentinel Newspaper - KSU | The Sentinel Newspaper
Hard Asset Equipment Online Auction Market SWOT Analysis by Leading Key Players | Euro Auctions UK Ltd.,Machinery Auctioneers – KSU | The Sentinel Newspaper  KSU | The Sentinel Newspaper

Babe Ruth Signed 1933 Card Smashes Auction Record, From 'Uncle Jimmy' Collection - TMZ
Babe Ruth Signed 1933 Card Smashes Auction Record, From 'Uncle Jimmy' Collection  TMZ

Washington County's delinquent tax auction to be held online - Johnson City Press (subscription)
Washington County's delinquent tax auction to be held online  Johnson City Press (subscription)

Auction House Suspends Sale of 19th-Century Jewish Burial Records - The New York Times
Auction House Suspends Sale of 19th-Century Jewish Burial Records  The New York Times

Humane Society conducting weeklong online auction - Seymour Tribune
Humane Society conducting weeklong online auction  Seymour Tribune

Bids open on North Platte Community College Foundation Auction House - North Platte Telegraph
Bids open on North Platte Community College Foundation Auction House  North Platte Telegraph

FCC chief proposes 3.45-3.55GHz auction rules - Light Reading
FCC chief proposes 3.45-3.55GHz auction rules  Light Reading

'Extraterrestrial crystal ball' hits the auction block at Christie's - Livescience.com
'Extraterrestrial crystal ball' hits the auction block at Christie's  Livescience.com

Ocean Wave Quilters' Guild hosts online scholarship fund auction - KCAW
Ocean Wave Quilters' Guild hosts online scholarship fund auction  KCAW

Sotheby’s Christo Auction, Part 1, Nets $9.8 Million - The New York Times
Sotheby’s Christo Auction, Part 1, Nets $9.8 Million  The New York Times

TCG invests $40m in Goldin Auctions - PE Hub
TCG invests $40m in Goldin Auctions  PE Hub

Sotheby's Auctions Botticelli 'Young Man' Painting for $92.2 Million - The New York Times
Sotheby's Auctions Botticelli 'Young Man' Painting for $92.2 Million  The New York Times

Contemporary New Build in Mallorca Heads to Auction - Mansion Global
Contemporary New Build in Mallorca Heads to Auction  Mansion Global

Muscle Car Collection Owned by Drag Race Legend Heading to Auction - duPont REGISTRY DAILY
Muscle Car Collection Owned by Drag Race Legend Heading to Auction  duPont REGISTRY DAILY

Less Is More For Eldred's Winter Market Auction - Antiques and the Arts Online
Less Is More For Eldred's Winter Market Auction  Antiques and the Arts Online

Vintage Apple retail sign goes up for auction with $12,000 starting bid - AppleInsider
Vintage Apple retail sign goes up for auction with $12,000 starting bid  AppleInsider

FCC considers 3.45 GHz auction in October - RCR Wireless News
FCC considers 3.45 GHz auction in October  RCR Wireless News

Sotheby’s to Auction Art from Texas Heiress’s Estate - The Wall Street Journal
Sotheby’s to Auction Art from Texas Heiress’s Estate  The Wall Street Journal

Nyan Cat GIF Sold at Auction for $587,000 in Cryptocurrency - Nerdist
Nyan Cat GIF Sold at Auction for $587,000 in Cryptocurrency  Nerdist

Online auctions deliver on promise of pre-foreclosure sales - HousingWire
Online auctions deliver on promise of pre-foreclosure sales  HousingWire

FCC Targets Mid-Band Spectrum Auction for 5G in October - Via Satellite
FCC Targets Mid-Band Spectrum Auction for 5G in October  Via Satellite

FCC Moves Toward Offering Another Set of 5G Airwaves at Auction - Yahoo Finance
FCC Moves Toward Offering Another Set of 5G Airwaves at Auction  Yahoo Finance

Under the Hood: Carroll Shelby’s ‘Cobra to End All Cobras’ Is Coming to Auction—Again - Robb Report
Under the Hood: Carroll Shelby’s ‘Cobra to End All Cobras’ Is Coming to Auction—Again  Robb Report

Over 400MW awarded in French auction as prices jump 4.7% - PV-Tech
Over 400MW awarded in French auction as prices jump 4.7%  PV-Tech

Burnsville drunken driving arrest ends with vintage Ferrari on the auction block - Minneapolis Star Tribune
Burnsville drunken driving arrest ends with vintage Ferrari on the auction block  Minneapolis Star Tribune

John Elway's 1992 Dodge Viper Up For Auction On Barrett-Jackson - HotCars
John Elway's 1992 Dodge Viper Up For Auction On Barrett-Jackson  HotCars

Most expensive card ever of Lakers legend Kobe Bryant up for $1.2 million auction bid - ClutchPoints
Most expensive card ever of Lakers legend Kobe Bryant up for $1.2 million auction bid  ClutchPoints

Christie's Beeple Auction Will Accept Ether Cryptocurrency Payment - Bloomberg
Christie's Beeple Auction Will Accept Ether Cryptocurrency Payment  Bloomberg

Online surplus property auction: Alabama agency auction live Thursday - AL.com
Online surplus property auction: Alabama agency auction live Thursday  AL.com

FFA Barn Bash and Virtual Auction – Sheridan Media - Sheridan Media
FFA Barn Bash and Virtual Auction – Sheridan Media  Sheridan Media

Arts for Success auction kicks off on Feb. 22, live event on March 4 - crawfordcountynow.com
Arts for Success auction kicks off on Feb. 22, live event on March 4  crawfordcountynow.com

Most Valuable Company Profile: Auction.com - DSNews - DSNews.com
Most Valuable Company Profile: Auction.com - DSNews  DSNews.com

OA annual auction starts Wednesday – WRBI Radio - Country 103.9 WRBI
OA annual auction starts Wednesday – WRBI Radio  Country 103.9 WRBI

Gooding hits another 100 percent auction of Phil Hill mementos - The ClassicCars.com Journal
Gooding hits another 100 percent auction of Phil Hill mementos  The ClassicCars.com Journal

Cold War Relics Auction - KTLA
Cold War Relics Auction  KTLA

Animals unharmed in auction building fire | Navasota Examiner - The Navasota Examiner
Animals unharmed in auction building fire | Navasota Examiner  The Navasota Examiner

FCC Plans 3.45-3.55 GHz Auction for October | TV Tech - TV Technology
FCC Plans 3.45-3.55 GHz Auction for October | TV Tech  TV Technology

'Great Big Give Back' online auction goes live - The County
'Great Big Give Back' online auction goes live  The County

Farewell to Napa's annual wine auction, the raucous charity bacchanal that's ended after 40 years - San Francisco Chronicle
Farewell to Napa's annual wine auction, the raucous charity bacchanal that's ended after 40 years  San Francisco Chronicle

Basketball, Babe Top 1st REA Encore Auction - Sports Collectors Daily
Basketball, Babe Top 1st REA Encore Auction  Sports Collectors Daily

Income-Generating, Private Oceanfront Estate in Puerto Escondido, Mexico to Auction in Cooperation with Vivo - EIN News
Income-Generating, Private Oceanfront Estate in Puerto Escondido, Mexico to Auction in Cooperation with Vivo  EIN News

Mark Cuban is bullish on NFTs, and they're about to go more mainstream with an auction at Christie's - CNBC
Mark Cuban is bullish on NFTs, and they're about to go more mainstream with an auction at Christie's  CNBC

Flurry of bids and high prices at Pop Up Penguins auction in Christchurch - Stuff.co.nz
Flurry of bids and high prices at Pop Up Penguins auction in Christchurch  Stuff.co.nz

Annual F&G fur auction moves online for 2021 | Community | idahopress.com - Idaho Press-Tribune
Annual F&G fur auction moves online for 2021 | Community | idahopress.com  Idaho Press-Tribune

FCC to vote in March on 3.5 GHz auction, Open RAN consultation - Telecompaper EN
FCC to vote in March on 3.5 GHz auction, Open RAN consultation  Telecompaper EN

Farmland Insider: Kansas auction of 10900 acres sells for $38 million - Successful Farming
Farmland Insider: Kansas auction of 10900 acres sells for $38 million  Successful Farming

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