Online Auctions
Online auctions are an excellent way to find treasure in someone else’s trash! At least, that’s one way to make money with online auctions. Nowadays, auction sites such as eBay are no longer a hobby, but they have become a way of life and a very good income supplement for those who desire to use them to start their own home based business. For sellers, it is their job and for buyers, it is a great way to find good deals!
In the old days, people would post an item for sale and potential buyers would find the item and the highest bidder would win the item. Once payment was sent, the seller would ship the item.
Today, there are several types of online auctions. eBay is obviously the biggest online auction site, however, here are some other online auction sites with the average number of auctions:
Why?
Ebay.com – 14.5 million
Ebid.com – 1.2 million
Online Auction – 1.5 million
Oztion.com – 786,000
Overstock.com – 15,000
WeBidz.com – 82,000
CQout.com – 713,000
Ubid.com – 10,000
EPier.com – 200,000
ShopGoodwill.com – 24,000
Auction.com –
Auction-Warehouse.com – 7,000
AuctionFire.com – 16,000
Bid-Alot.com – 1,000
Bidz.com – 2,000
Amazon.com
Auction-usa.com
Buyselltrades.com
Auctions.yahoo.com(Yahoo! Auctions is active in other countries such as Japan, Taiwan and Hong Kong.)
Here are some other good online auction sites to check out:
Allegro (Polish auction site)
Bidorbuy.com (South Africa auction site)
Bidtopia.com
DoveBid.com
GunBroker.com
MercadoLibre.com
Prosper.com
Here are some key tips on what to look for in an online auction site:
User Base – How many sellers does the auction site have and how many items are on auction on an average basis? Competition is increased with more sellers, but that also means more bidders, better bargains, and more options. For online auctions, bigger is better.
Fees – This is always a key piece of information for sellers. Some online auction services charge registration fees, listing fees, and/or final value fees. The ideal for sellers is to avoid all listing fees, but sometimes a few extra dollars in fees goes a long way in selling potential.
Selling – Sellers should have a large amount of control over their listings and items. Do you have the ability to block bidders, and have options to choose your own category and disclose all information about the item in the details page. Does the auction site provide tools to assist in listing and selling items as well as managing personal product inventory? This may include features like editing images, adding item descriptions and canceling bids.
Buying – Does the auction site make it easy and fun for bidders to bid with confidence? Do they provide resources and tools to help users find items and make bidding easy? The auction site should also provide helpful information about the products and help the bidders feel safe.
Reliability/Security – Whether you are a buyer or a seller, having peace of mind is important for online auction services. Sellers should have control over their auctions and bidders should have the ability to know if they are purchasing form a reputable seller. Does the site have a feedback system? Can sellers and buyers rate each other based on transaction experiences?
Help/Support – Does the auction site have a help or support area?
Explode your online sales and browse these selections of online auctions to help you get started selling wholesale and surplus products!
Learn about Turning Your Business Into A Market Dominator!
Here’s to your success!
Chad Maslak
Author: "THE "ULTIMATE" INSIDERS SURPLUS, LIQUIDATION & WHOLESALE BUYING TO RESELL FOR MEGA PROFITS GUIDE"
If you’re sitting on the fence and have not yet picked up your copy…
I would strongly suggest to do so now!
Learn from my mistakes and learn how NOT to be burnt! Plus, discover How and Where to buy and how to actually profit!
Otherwise known as Surplus 2 Profits!
