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The Add Me! Newsletter *** ISSUE #64 ***
"Free tips for promoting your website and business"
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...TODAY'S ARTICLE...
>> 5 Ways Your Business Can Benefit <<
From Online Auctions!
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September 28th, 1999 *** ISSUE #64 ***
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.....TODAY'S ARTICLE.....
5 Ways Your Business Can Benefit
From Online Auctions!
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by Larry Dotson
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.
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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
rebidding 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.
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Written by Larry Dotson, Owner Of L.D. Publishing
50 FREE Internet Business E-books !
Visit: http://www.ldpublishing.com
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