ALL >> Marketing >> View Article
Five Ways A Business Could Benefit From Online Auctions
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. 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.
5. 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 rebidding on products and adding new products to sell. You could also charge other businesses to advertise on your web site.
The author, Scott Wilson is owner of the categorized link directory, which is a human edited web directory where you can find the great niche internet marketing articles online. Visit now for great free articles or to submit your link for site promotion.
Add Comment
Marketing Articles
1. Building A Brand From Scratch The Ultimate Digital Marketing PlaybookAuthor: Socnity Media
2. Top-rated Digital Marketing Agency Serving California
Author: Technothinksup Solutions
3. Location-based Marketing: Revolutionizing Digital Strategies
Author: Infinity Web Solutions
4. Best Seo Services In Delhi
Author: Anurag Ranjan
5. Voice Search Optimization: Tips And Benefits For Businesses
Author: Brandrisic Media
6. Top Creative Event Wall Trends You Need To Know In 2025
Author: richard
7. Ai-powered Personalization: Revolutionizing Customer Experiences In Digital Marketing
Author: saibhang
8. How Lighting Can Transform Your Interior Spaces
Author: alpha design lab
9. Exploring The Most Profitable Types Of Plr Digital Products To Resell
Author: BuyQualityPLR
10. Sustainable Architecture: Designing For A Greener Tomorrow
Author: alpha design lab
11. Website Design Company In Oman
Author: sreya
12. He Best Digital Marketing Agency/company In Dwarka?
Author: Aditya
13. Short Link Scan: Revolutionizing Url Safety And Transparency In The Digital World
Author: Sujay Gain
14. The Ultimate Checklist For Selecting Eco-friendly Machinery Oil
Author: nikita
15. Top 10 Social Media Marketing Tips For Small Businesses
Author: Jeniqs