5 Ways Your Business Can Benefit From Online Auctions!

by Larry Dotson

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 rebidding
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.

Anyone may republish this article in their e-zine, e-book,
web site, magazine or newsletter, as long as the resource
box is included.

Sincerely,

Ranches L Hall