Manager Buzz

June 24th, 2008

Online Auctions and Industry Niches

Posted in Auction Stuff

If you have an industry portal website then it might make sense to consider having online auctions as part of your website. Many folks may have not considered this on their portal site but if you have good traffic then it does makes sense.

For instance in one of our industries we have a Franchising Website and a Pressure Washing Industry Website. Both of those have significant traffic and adding an online auction for the industry could boost traffic and perhaps raise additional revenues as well.

Consider if you will the amount of used equipment that is out and about in many industries and consider all the buyers out there interested in purchasing such equipment. Bringing the buyers and sellers together makes sense and a small fee could be charged for doing so; perhaps a percentage of the sale.

Think how many industry portal websites are out there and how poor it is to try to find something you are looking to buy on eBay? If everything on your portal website is indeed industry specific and all your traffic is too then online auctions for your industry niche is something you can and probably should add; both to make revenue and increase traffic and repeat visitors.

Online auctions are not expensive to set up and there are many convenient and easy to use programs, which can help you do make online auctions a reality on your website. Please consider this in 2006.

“Lance Winslow” - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/wttbbs/

Lance Winslow - EzineArticles Expert Author
April 11th, 2008

Online Auctions

I haven’t sold items online but I have joined auctions. There are so many good finds on auction sites. And the reasons are the cost of items and goods we could find online. Most of the items that are valuable are gadgets and their parts. Second would be clothes, cosmetics and stuff.

From a buyer’s point of view, the things that I check first is the quality of the items sold. Second, the price. Third, feedbacks on the seller and lastly, mode of payment. And as a buyer, I should also understand the terms before I agree and buy goods.

To be successful at selling on auction sites, one has to know the rules and build good reputation just like what we do at other businesses online. So online sellers has to stick to their rules and to the auction site rules, too. We have to take note of that like placing our items in the right categories and posting them with specific descriptions with photos. This is one way to do it right.

Like what most entrepreneurs and business owners do, sellers give special treatment to clients and customers. So it’s good to be accommodating and answer their questions or inquiries as much as possible. If any circumstances man happen, it’s good to inform for them and not to lose their trust. Also, making online shopping convenient for buyers is one thing they are up to. It’s better to have a number of options for payments. For me, it’s good to encourage feedback, too.

They say, ‘timing is everything’. It applies to selling online, too. Good listing time for auctions is one of the ways to do it. Of course, pricing, too. There are so many tips I have read on being successful selling stuff online. It’s good to research and try suggestions which could be effective for you, too.