Posted on September 28, 1999

  The Add Me! Newsletter            *** ISSUE #64 ***
  "Free tips for promoting your website and business"
  Add Me, Inc          
  The newsletter is only sent to the users of Add Me!

                ...TODAY'S ARTICLE...

       >>  5 Ways Your Business Can Benefit  <<
                From Online Auctions!

  September 28th, 1999                   *** ISSUE #64 ***

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             .....TODAY'S ARTICLE.....

         5 Ways Your Business Can Benefit 
               From Online Auctions!

  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.

   Written by Larry Dotson, Owner Of  L.D. Publishing
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