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Online Auctions: 5 Ways Your Business Can Benefit From Online Auctions
By I-key Benney
Online auctions are now the new gold rush on the internet.
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 re-bidding 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.
May you succeed in your online auctions and make a lot of money.
I-key Benney, CEO
I-key, a Millionaire CEO from New York City is the creator of "Mscsrrr:
Millionaire Secret Cash System",
based business) which has helped thousands of ordinary people from all
over the world to attain financial security and shining success during the
past 2 yrs.
Mscsrrr Millionaire Cash System helps you to generate $1,500+/Week for life,
from home or office, part time or full time. No large investment or hassles.
Win $1000-$2000 free cash
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