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21 Reasons Why Internet Auctions Are The EASIEST and
Calling internet auctions an “Entrepreneur's Dream” isn't poetic license or part of the get-rich-quick rhetoric. Net auctions are the simplest, easiest way on this planet for the little guy to make money.
1. Consider the normal progression of a...
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If you are looking for traffic to your e-commerce site, you should look no further than Ebay. The reason for this is Ebay is an online auction site that has a huge following and millions of hits on a daily basis. Because of this, if you have your...
www.allactiontrade.com ... Auctions
Click here >> http://www.allactiontrade.com Products & Services of Largest B2B trade portal, allactiontrade.com. Various Sections of www.AllActionTrade.com like, b2b trade offers, global trade leads, b2b auctions, b2b exhibitions, b2b forums, etc. ...
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Online Auctions Business
Online auction sites are a great way to find a bargain on almost anything and an excellent way of getting the best price for selling something of your own. Online auctions are different from their real-world counterparts. You are free to take your time browsing the listings and bidding takes place over a period of days rather than minutes. Online Auctions offer good opportunity for anyone wishing to start an online business for a number of reasons. If you feel you have the persistence necessary to run your own successful business, this is one opportunity you should consider.
Basic Idea
Your business is to sell playing intermediary role helping people to buy items they need. You do not need stock as you can start by placing drop shipper's items on eBay to get you started. Drop shipping is used by intermediary and mail order companies who do not wish to stock inventory of the products sold for future delivery through mail order, catalogues and internet advertising. You send single unit orders for products to manufacturers, or major stocking distributors, who in turn drop ship the merchandise direct to your customers found at online auction. Manufacturers providing drop shipping services can gain additional sales, shift advertising costs to middlemen, offer advertising material and reduce inventory requirements. You shift the risks of stocking inventory to the supply source, including storage, insurance, overhead, and personnel by spending nothing on inventory, until after the product is sold.
Advantages
Minimal capital needed to start. You loose a few dollars in eBay fees if your item doesn't sell.
Disadvantages
Lack of public information on general sales methods and techniques used. This is not passive income
system. You should work all the time you want to run your business.
Common mistakes to avoid
1. Listing an item with wrong auction expiration time. It’s a known fact that more buyers browse auction sites on Sunday evenings than any other time during the week.
2. Not giving your listing the attention it deserves. Lots of people place items without photos and even good description. Lots of people use all kinds of flashing animation, multicolored text and other bells and whistles in an attempt to entice bidders. Listings like these are distracting, hard to read, and will always discourage people from bidding, resulting in a lower final sales price.
3. Using a reserve price. Using a reserve price to guarantee that one will get a minimum price for an item. People will not bid on "Reserve" auctions as they don't want to get "Reserve not yet met" message.
4. Not planning your business activities. It is always better to create business plan and start implementing it. Ebay business requires procedured to be done everyday so plan it thoroughly.
5. Not selecting several good drop shippers. Your business should be stable. Drop shippers can quit and also they can kill your business by not meeting your expectations. So rotate them until you get several good ones for your business.
You can find books to read first and Online Actions list at http://www.RichTrack.com.
About the Author
Written by Helen Peshkova, RichTrack.com.
http://www.RichTrack.com is one of the first business oriented education portals. It's the leading online business information network for millionaires. The goal of RichTrack.com is to present business content in a professional, helpful and practical format that helps you getting rich.
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Auction - Wikipedia, the free encyclopedia |
Dutch auction: In the traditional Dutch auction the auctioneer begins with a ... ("Dutch auction" is also sometimes used to describe online auctions where ... |
en.wikipedia.org |
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QXL Ricardo plc. the online auction house | Investor Relations |
Online auction with offers for European consumers, including arts, collectibles, cars, computing, consumer electronics and entertainment. |
www.qxl.co.uk |
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Disturbing Auctions |
This site is dedicated to the research and study of the most bizarre items found for sale on internet auction sites. Not the obviously fake auctions, ... |
www.disturbingauctions.com |
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Internet Auction List - Largest Auction Directory |
Find all kinds of auctions divided by types of items. |
www.internetauctionlist.com |
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Overstock Auctions - Online Auctions at Overstock.com - An auction ... |
Overstock.com Auctions your home for Online Auctions. Find great deals on thousands of live auctions. An alternative to eBay, this auctions site is the ... |
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Airline Tickets, Cheap Hotels, Vacation Packages & Travel Deals |
The internet leader in Travel Auctions & Buy it Now deals to see the world. Our Lowest Price Guarantee on airline tickets, hotels, cruises, ... |
www.skyauction.com |
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onSale.com Low Prices - Computers, Consumer electronics, Digital ... |
onSale – Don’t just buy it. Get it onSale! onSale has the best selection of computer systems, peripherals, software, iPods, iPod accessories, ... |
www.onsale.com |
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A Survey of Auctions |
Defines in lay-terms the various types of auctions, including English Auctions, Dutch Auctions, and Double Auctions. A brief history of auctions and ... |
www.agorics.com |
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DoveBid - Industrial Auctioneers, Machinery Auctions, Capital ... |
Buy & Sell surplus, used business, industrial machinery, laboratory, R&D equipment at DoveBid, the leading global provider of capital asset management and ... |
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Neopets - New Neopian Auctions. Oops! You cannot view this page because you are not logged in, or perhaps you have not created an account yet! ... |
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Car Auctions, Auto Auctions, Online Car Auctions. Pickles Auctions is an Australian owned Auction company, specialising in auto vehicle, truck and car ... |
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