But don't ever bid on an item you don't plan to buy! Step 2. Choose your products. Are you going to sell unique, one-of-a-kind products item by item? Or do you have a product you can sell in quantity? Is there a demand for your product?
This is less of an issue for one-of-a-kind items. What kind of profit margin do you expect to be making? This can determine whether or not you'll have to sell in quantity. In the world of online auctions, niche markets are responsible for 43 percent of total sales.
Not bad, hey? But don't disregard the remaining 57 percent that covers non-niche markets! The bottom line is, you can make money with both. Collectibles are the bestselling items at auction sites, with computer hardware and event tickets in second place, and toys and books hovering around third. But while popular items may be easy for you to sell, you could also make a killing on a unique item with a high profit margin. Believe it or nor, people are making money hand over fist from specialty items like cigars and lobster.
Step 3. Look at listing options. The next thing you need to think about is how you'll sell your product. Auction sites typically offer a variety of listing options for you to choose from, including:. You also have the choice of listing your items for 3, 5, 7 or 10 days--and, of course, you always have the option to re-list at the end of this time. The standard option is a 7-day listing with an automatic re-listing for a specified period of time. Step 4. Online auction sites work both ways, and they can be very different experiences dependent on whether you're buying or selling.
So what are the best online auction sites? Well, most will be familiar with our top pick, which is eBay. That's the best place for very general shopping - you can usually find most mainstream stuff on there like tech, clothes, furniture, and other every day items.
However, dig a little deeper into the online auction world and you'll start to find sites that cater nicely to specific niches or ways of buying. Most online auction sites charge fees for sellers - usually listing charges and a percentage of the final sale price - although not all do, and some will structure their fees differently. There's usually no charge for buying from online auction sites, although some insist on you signing up to their service to access the listings.
We'd also issue a note of caution when using online auction sites - sellers are usually private, and you never really know the quality of an item before it shows up, so you need to prepare yourself for a different kind of shopping experience.
The biggest name in online auction sites, eBay, should generally be your first port of call for selling or buying online with other users. Simply put, with over million registered users and growing, your products are much more likely to sell, and you're much more likely to find what you want here. The site is incredibly straightforward to use, too, with options for listing items internationally, a comprehensive rating system, and plenty of payment methods available. A mixture of auction-style bidding and Buy It Now options means you can always choose what works best for you, with auctions tending to lead to better deals.
This comes at a cost, though. There are fees for many other upgraded features, too, so it can get expensive. Still, for so many eyes on products, you can't beat eBay, and there's an excellent reason it's so popular - it's incredibly simple to use. Even better, if you plan on using it frequently, you can sign up for a lifetime seller's plan and benefit from even more bonuses like free photos and no final value fees, amongst others, to save money in the long term.
It's a useful option if you plan on selling a lot, but you'll need to be a little cautious. That's because eBid has significantly fewer users than eBay. It's active across the world but only has around 3 million registered users, which can make a difference to your sales chances. On the other hand, it does mean that users browsing your items may be more tempted with less competition to entice them away.
Despite the smaller userbase, eBid is a tempting option if you want to get away from eBay's overwhelming nature and the expensive fees thanks to its fee system and easy to use interface.
Webstore does things differently from the competition because it's entirely donation-supported, meaning there are no fees to pay. Unusually, it also allows users to buy some items without signing up for an account, although this is down to the seller's discretion. This combination of features means that Webstore is quite popular amongst those listing unusual or rare items, and it's certainly charming in its quirkiness.
However, it also means you don't have much come back if there's a problem. Support is basic and via email or physical mail!
Capital System status. Get the app. Log In Trade Now. My account. Learn to trade The basics of trading Glossary Online Auction. Share Article. Try Capital. Online Auction. What is an online auction? Where have you heard about an online auction? What you need to know about an online auction. Find out more about an online auction. Bid What is a bid price? An amazing number of goods are seized regularly, and the PropertyRoom bidding site aims to make it all available via public police auctions.
Not surprisingly, there are tons of vehicles on the site, but it also features electronics, jewelry, art, coins, watches, and more. PropertyRoom works with more than 4, law enforcement and municipal agencies, so the selection is vast and constantly changing.
Have you ever wondered how you can get your hands on something the government doesn't want anymore? Municibid is your best bet. This is an auction website for government agencies, schools, authorities, and utilities to sell their surplus and forfeitures directly to the public. Auction items include cars, boats, furniture, computers, kitchen equipment, and much more. Webstore is an auction site supported by donations and advertisements, so costs are kept low and there are no membership fees.
Although not everything is sold on this site, their online auctions are highly rated for rare and collectible merchandise and state-of-the-art electronics. If you're looking for live auctions, AuctionZip is the place to go.
These live auctions are events that you can view right from your web browser to bid for items online at the same time as other bidders on the auction floor. With live bidding, you can access auctions around the world and get in on all the action without any software to download or special tools to buy.
The website lists auctions that are currently live and ones that are upcoming. After you register to bid, you go straight to an auction to watch what's happening and bid in real-time if you see something you like. Catawiki describes itself as an auction site with " inspiring objects to discover every week. You can find auctions for everything from modern and contemporary art to stamps, classic cars, and jewelry.
All items are handpicked and verified by their staff, which is comprised of over experts. They also have a mobile app that you can use to place bids on the go. Don't let this somewhat barebones website fool you; the IRS Treasury Auctions site is a treasure trove of items that you won't find anywhere else. Every item on this auction site is under the authority of the Internal Revenue Code, and the properties described were seized or acquired for nonpayment of internal revenue taxes and therefore sold at auction.
The auctions are a bit more complicated than you'll find at other auction sites, but the items tend to be higher-ticket such as homes and land. They include great deals on anything from jewelry and art to commercial property.
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Measure content performance. Develop and improve products. List of Partners vendors. Stacy Fisher. Technology Educator. Stacy is a professional technology educator with over 25 years' experience. She has published hundreds of articles, co-authored a book, and has appeared on national and local TV. Updated on May 25,
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