Online Auctions: Benefits for Buyers & Sellers Published August 24, 2012 | By Anne Nguyen What’s an Online Auction? It is a convenient way to browse, buy and sell products or services online. Several auction sites are available with more details for comparison. Businesses and even consumers use online auction as a source of earnings with decent revenue profit. Auction periods can last from days to several weeks, bidding can occur 24 hours a day from any computer or mobile device. Potential buyers can bid conveniently and virtually anywhere and anytime. Businesses and consumers favor online auctions for many reasons. Advantages for Bidders: Bidding in the comfort of their own environment without any sales pressure from a live auction location or a sales person Find bargains and deals inexpensively on a variety of products/services Easy and secure purchase/payment process Save time by setting up automated searches and bid alerts Exciting, fun and rewarding feeling of searching and bidding on the desired products/services No hassle or negotiations between buyers and sellers Advantages for Sellers: Highly cost-effective way to move and sell inventory products Reach a local or global market with limited if any out-of-pocket promotional expenses Obtain customer data for further marketing opportunities Price of seller item or service may increase with competitive bidding that potentially exceeds the seller’s expectations Easy site usability and secure fulfillment process Online auctions are easy to participate by both sellers and bidders because of the instant online connection. Everyone can view the products or services in detail and have the ability to bid and purchase with convenience. Buyers and sellers should keep in mind that the company holding the auction does not own the product or service featured on the auction site but rather it helps to promote and provide both end users a rewarding experience for purchasing the item or service. If you are looking for an online auction website within your local market, consider partnering with a local media company to have a more targeted audience within your geographic market. The Press of Atlantic City Online Auction is a unique opportunity to showcase your business, get valuable marketing and advertising exposure, and increase customer traffic. For more information on the #1 Auction Event in South Jersey, call Conell Carey at (609) 272-7337 or email CCarey@pressofac. The Press Online Auction is coming soon October 1 – 10, 2012. The Walk-away: Online auctions have become part of today’s digital shopping trend. Retailers, suppliers and bidders are increasingly using auction web sites to conveniently buy or sell products and services. Many different auction sites provide several pathways for selling and generating revenue.
Posted on: Sat, 10 Aug 2013 00:09:24 +0000
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