Salvage Cars Significance in Automobile Industry

The business of salvage cars and the parts of such cars contribute to a major part of automotive/automobile industry in the US economy. It has provided jobs for thousands of people not only in US but elsewhere in the world. There are uncountable companies today which make their livelihood out of this business. In this article we will see the practical aspects of salvage car business, precautions to be taken while buying such cars and factors that affect the resale value of such cars.

The salvage titled car is one which faces damage in many ways like a natural calamity like flood or earthquake and mainly by a road accident. Such cars are usually rated with a very less value or even of no value by the insurance companies in the US. The factors that affect this value are the current value of the same car in the market. If the expenditure to repair the damaged car is more than half of its current price, it will be declared as salvage motor.

Then how do such cars get buyers? And how did this salvage business flourish?

Over the period of a decade these cars managed to get a good number of buyers, so much so that the business expanded its reign into the internet world. Not only the auto auctions are held in different parts of the country but also conducted in many websites. The resale value of such cars is individually decided by the buyers but generally, the buyers get carried away with the value declared by the insurance companies.

The reason for this is the extent of damage done to the car. Even after the car is repaired and is ready for use, it is viewed with high suspicions regarding the healthy working of the engine. The buyers generally used to prefer used cars over salvage title cars. Overcoming these hurdles, the automobile auctions performed considerably well in terms of specific salvage cars like Ford and Chevrolet. Sometimes the auto auctions even conduct exclusive ford salvage car auctions and Chevrolet salvage car auctions.

The buyers mainly look at the brand names of automobiles in such cases.

The online presence of this business is through certain websites which allow viewers to actively participate in online auctions and online sale and purchase of repaired cars, damaged cars and salvage title cars. There are two ways of doing this business; one is to buy them and have them in the junkyard. They are also called as Salvage Yards. Owners preserve them in a junkyard and buyers just choose a car of their wish and purchase it. Or even take a few parts from salvage cars and pay only for the parts. This type of business is usually termed as You-Pull-It-Yard. The other way of doing is to buy such cars, repair and sell them or even auction them. There are many companies and individual owners doing this work in their websites.

There are websites which sell reasonably cheap and good salvage cars online; which are mostly privately owned. There are also the US government websites which give information of different used cars like http://www.bar.ca.gov and http://www.vehiclehistory.gov. These are maintained by the government so you need not worry about the duplicate content issues.

As much as it is advantageous and profitable business, certain precautions should be taken while purchasing these cars from dealers. Be careful of fraud dealers who fake the authenticity of the repaired cars. Some tips to value the rates are: find out the exact value assigned by the insurance company of that car before purchasing it, compare the value of salvage car with that of a new car of the same model. By doing this, one will clearly know the genuineness of the proposed rates. Some dealers also include the repair cost into the resale cost. Exclude any such repair costs when you buy salvage cars or salvage auto parts; make sure you clearly have an idea of the market rates of all automobiles.

Find out about more dealers and junkyard from the store locator provided in various websites including the two sites mentioned above.

Boost Your eBay Sales Using Simple, But Effective Approaches

eBay is amongst the best platforms you can choose to use to sell your products on. But considering that there are thousands of other sellers trying to attract sales just the same way you are then you are better off approaching it strategically so that you are able to boost your selling rates. If you want to attract more traffic to your listings, then you must get it right when packaging and presenting it to your targeted market.

Marketing is not always a cheap affair and it therefore makes more sense to optimize eBay business in such a way that you are able to attract traffic and increase sales. Fortunately, this is not that hard to achieve when you know and take care of all elements that really matter. A few simple but effective steps are all you need to take to start selling more on the platform.

Build and eBay identity – Branding is what you should be paying attention to so as to gain the trust of your customers. When you are able to successfully build a brand around your business on the platform, you will be in a position to enjoy return traffic, repeat business and also benefit from referrals. Be professional and consistent with your brand so your customers are able to remember you and trust you. You can consider developing a logo for your brand; a professional designer will help you create the most suitable for your business.

Let your username be sensible and professional – The last thing you want to do is choose a username that does not make any sense to the customers or one that is too long or complicated to remember. Keep the username relevant to what your brand is all about and let it be short and easy to remember and type to attract more traffic. If you make it too complicated then you risk losing traffic that would otherwise have led to a sale.

Let your branding be consistent throughout your eBay platform – The good thing about eBay is that the interface can be customized. You can therefore take full advantage of the opportunity to leave a mark. Take branding all the way across, listings, eBay shop, ends of auction email and even checkout and payment mode. The more consistent and spread it is, the better it will be for you to create a name that can be trusted.

Mind your listing template – Remember that you will be selling online where buyers do not have the luxury of touching and physically seeing the items that you are selling. For this matter, you must make it possible for them to understand the exact product you are selling them by providing every relevant detail about it. The more reassured your potential buyers are, the higher their chances of buying are, hence you should never leave anything out. Let your listing be made up of high quality pictures of every item you are selling, full description, including dimensions and features and any damage present, return policy, accepted payments and postage costs.

How To Buy Legitimate Wholesale Dropshipper Pallets

With the astronomical boost in auction site’s popularity, and more and more people going into business for themselves, it should come as no shock that wholesale and dropship companies are booming with business. If you’ve saved or have the capital to invest in a large lot, pallet, or even truckload of goods you wish to sell, you are just mere steps away from creating a successful business. These items can be purchased for prices ranging from $300-$100,000 (for a truckload). Here are a few guidelines to get your business started:

1) Know your market. It only makes sense that you purchase goods that you have an interest in re-selling. You’d be surprised, however, how many people try to sell things that they have no knowledge in, just because they sell well on auctions sites, or sell well in local markets/boutiques. Having a hobby, or area of expertise is essential to the success of your business. How else are you going to answer questions from your customers?

2) Narrow it down. So, let’s say you have a few areas of expertise and aren’t sure which types of goods would be most profitable. If your interest is online auction sites there are a few categories that you will profit most from. Electronics, gaming systems and games, authentic designer merchandise (clothes, shoes, handbags), collectibles (heirloom, vintage, estate sales pieces), and high-end beauty and makeup lines tend to sell the best on auction sites. They are a no-fail purchase because you will make money off of these products. They are in high demand now and will continue to be in the future.

3) Get organized. Before you even begin to think about purchasing wholesale, you need to understand that whether you are going to be doing this part time or full time, you must keep accurate record books for both expenditures and income, as you will need to report all earnings to the IRS. It’s important to have a spreadsheet or other business software program, or even a business tax booklet on hand to record everything. (Most tax processing companies offer these for free)

Keep in mind, if you delegate a certain area of your home for your business, that room and anything in it or associated with it can be deducted as a business expense. That’s right. Electricity, phone, internet, tv (if applicable), homeowners association dues, trash, water, heating oil, etc. You will receive a deduction based upon the square footage of the room in conjunction with the square footage of the home, or establishment in which your business is run.

Think about additional costs you might incur with your business: the cost of the goods you purchase from the wholesale or dropship companies, fax machines, printers, computers, digital cameras, telephones, inkjet cartridges, business cards, mailing and shipping supplies, postal shipping costs, and even gasoline expenses if you do any traveling in conjunction with your business. In addition, any fees associated with auction site’s listing fees and final value fees, and any payment fees you incur form accepting online payments, can also be deducted. Jot everything down in your book or spreadsheet. You will be amazed at the deductions that are out there!

You must make sure you apply the same diligence to reporting and recording all income as well. Every payment you receive for the goods must be recorded and state tax must be charged (check with the IRS for your state’s policies on in-state purchases from buyers) if the item is purchased from a resident of the state you are selling the item in.

You may also want to request a T.I.N. (taxpayer identification number) from your IRS office. They are happy to provide them. If you have your own business outside of your home, you are required to have one. If your business will be run from the confines of your home, and you won’t be registering a name for your business, you don’t need a T.I.N. You can use your SSN, for tax purposes. Keep in mind, some wholesale companies, depending upon which state they are located in, require that you provide them with your T.I.N or SSN before they will sell to you.

4) Contact a wholesale company. Now that you are prepared from a legal standpoint, it’s time to purchase that load. There are thousands upon thousands of reputable companies you can work with. Many people take advantage of this and try to charge people for this information. I have worked with many great companies over the years, and can recommend some great sources that I have personally used, and still use to this day. If you choose to go your own route and search for your own company, please keep these tips in mind:

Look up a company’s credentials. Check the BBB and look at their website to see which online organizations they are listed with. The BBBOnline Reliability Program is the best one. If a company has this logo listed on their site, they are a surefire success and can be trusted. Other things to look for are the quality of the website. Are there lots of pictures and does the site have a professional feel to it? Check the contact methods. Any good wholesale company will have at least one phone number, email address, and physical mailing address listed on their site, as well as an email opt-in list so you can receive mailings when they receive new goods to their warehouses.

Now, test their customer service. Call, or email them and ask them for some information on the type of merchandise you are looking to buy, and see the response you get. Any reputable company should respond to your email within 72 hours. If you call and are unable to reach an actual person, leave a detailed message. Phone calls should be returned within 48 hours. If you call and are able to speak with an employee of the company, tell them who you are and what you are looking for, ideally. They should ask you questions on the amount of money you have to spend, and should be able to offer solutions based upon your budget. Any wholesaler that tells you you have to have a certain amount of money to purchase from them is a fraud. You are the buyer. You know your limitations, and any reputable wholesale company will be able to accommodate your requests, within reason. Please don’t think you can buy 1 or 2 items from these companies to “try them out.” These companies move goods fast and can’t afford to cater to these types of requests. But any reasonable request should be granted.

5) So, you found the company you want to work with: now what? Get in touch with a member of their staff and make them aware of the amount of money you have to spend. (Ideally, plan on at least $5,000 for a good-sized load of goods) and to be taken seriously with wholesalers. This is a general guideline only, from my experience. Request that the wholesaler send you a detailed “mainifest list.” This is a detailed list of goods for each lot they have in stock. (Clothing items generally do not come with manifest lists, but the wholesaler can and should be able to give you the brand names of the items in the lot, so you have a good idea if it is a profitable lot or not.) Once you have the manifest list emailed or faxed to you, you can look it over and see the product name, retail price, and sku# for the item, and can then check it’s profit margin on the auction site of your choice. Manifest lists will also come with a total retail value of the lot, so you can determine a baseline profit margin, if you were to purchase the load.

Typically speaking, and if you purchase “hot” items for your auctions or boutique, you can expect to pay about 20-35% of retail cost from a wholesale company. You can expect to make between 40-80% back from reselling these items, depending upon it’s category and popularity!

6) I’m ready to purchase. Good. This is the final step of the process, and the beginning of an incredible journey for you. Wholesale companies should give you a variety of payment options. Some companies will even include shipping/handling in the cost of the lot! This can save you thousands of dollars! Once you are invoiced for the purchase and shipping costs (if applicable), if it hasn’t been added, request that shipping insurance costs be added to the lot, to ensure it’s safe arrival, and your money back, should these items get lost.

Payment methods vary from company to company. Some allow online credit card processing, some allow Paypal. (Most wholesale companies will charge a 3% fee for Paypal payments.) Bank wire, and money order/moneygram payments are also other options. You don’t have to be leery if you’ve done your research, as these last 2 methods are actually preferred in this business.

Your purchase typically leaves the warehouse within 2 to 5 days, depending upon the size of the load you purchased. You should receive a tracking number from the wholesale company when it leaves the warehouse.

When you receive your goods, be sure to contact the company and let them know of your questions, comments, and concerns, if any. Most wholesalers will let you know that sometimes a few items that were listed on the manifest list, will be missing from your lot when you receive it. It’s ok. This happens all the time. Wholesalers will add in comparable items of equal value to the lot in place of these items. So concerns such as these don’t need to be addressed with the wholesale company. If you are purchasing new goods, you can expect that around 90% will have retail tags attached. Some will have sales stickers or marked down prices, and some won’t. These are all things to expect.

One final note: some wholesalers will require you to sign a merchandise waiver with the understanding that these items are purchased on an as-is basis. This is normal, as these items are sold as-is 99% of the time and cannot be returned.

Congratulations! Your first wholesale load is ready for you to re-sell and make great money!

How Buying and Selling Has Gotten a Lot Easier With Reverse Auctions

Over the years, a lot has changed in the way people transact businesses. A few years ago, whenever a seller listed something for sale, the whole process of actually negotiating with the buyer was too tedious. First they had to post an ad, wait for the customers to respond to the offer, sit with them and then complete the transaction. Usually in such cases, the amount sellers get from the buyers is much less than what they had wanted due to several rounds of negotiations.

Auctions are always convenient

A far more practical option back then was to arrange an auction whereby buyers competed with each other to buy the goods or services which the seller is offering. In this case, prices usually went up, and the highest bidder could acquire the things on sale. In traditional auctions like this, buyers ended up paying over the odds while sellers enjoyed enormous profits.

But as technology has advanced, it has brought a lot of changes and one of them has been the introduction of reverse auctions. These auctions, unlike the traditional ones, are entirely different. For instance, here it is the buyer who initiates the auction. Usually, the process comprises of:-

  • Posting the job in a reverse auction website
  • Description of the desired service or product from the buyer
  • Receiving and evaluating bids
  • Choosing the lowest bid
  • Handing the job

Unlike traditional auctions, prices are driven down by competing sellers. Here vendors are competing to obtain business from the buyers. But it’s not always the price which is the primary factor when buyers are deciding which bid to accept from a seller and which to reject. It depends on a lot of other factors. The buyer might accept a higher bid from a seller if they feel that their proposal is much better.

There are several advantages of reverse auctions like:-

  • Firstly, as sellers compete with each other to drive the price down, buyers end up saving at least 30-40% on an average.
  • Secondly, it saves a lot of time. All that buyers need to do is post the things they want in a reverse auction website. Sellers will then bid with price quotations.
  • Thirdly, buyers can compare the bids from all the sellers at a glance. This enables them to choose the best proposal.
  • Fourthly, for companies, reverse auctions can be of great help in generating more business if their bid is accepted.

Dubli Network Marketing Review – Taking the Auction Business to the Home Business

The internet has become a very popular tool for shoppers to know about and buy products in recent years. Virtual markets provide complete information on products and also enable us to compare with other brands and read user reviews before we decide on a product. Dubli Network is an online shopping site that conducts reverse auctions to provide branded products at affordable rates.

Here’s a review of the company and its income opportunity.

Dubli Network Marketing Review Michael Hansen launched this MLM business in 2003. The company has its working headquarters in Berlin and financial HQ in Delaware. This is a network marketing company that offers distributors the opportunity to make money from the comforts of their home without having to deal with the hassles of stocking lotions or health drinks.

How Does It Work? This online seller hosts three kinds of auctions- Xpress Bidding, zero bidding and unique bidding. The website will provide you with more details on each type. What differentiates this firm from others is its reverse auction concept which allows buyers to get products at a margin of actual costs.

How then does the company earn profits and pay its associates? The Answer: Dubli Auction Credits.

If you want to bid on merchandise, you have to purchase credits. You can buy 10 credits at $8 or 500 credits at $400. When you buy and place a credit of 80 cents, the price of the product gets reduced by 25 cents and you’ll be able to see the going price and take a decision about bidding further.

Dubli Business Business Associates (Bas), as distributors are called get paid for selling credits and hiring Bas. The cost of joining is $175; this is the cost of your BA kit. The rate of commissions differs on the value of credits accumulated over the year and ranges between 5% and 25%.

Why Should You Take Up This Business?

– This is a network marketing company that does away with the hassles of storing inventory and product demos. You’ll be selling a service that’s self-explanatory and not a product.

– Since this business is still young in the US, this is a good time to join and start a successful business.

– Virtual markets are gaining popularity; the concept of reverse auctions is a strong point to capture customer interest.

Competitors eBay – This is one of the most popular online auction sites known throughout the world. There are regular auctions in eBay that are popular for their value. eBay has many auctions while Dubli has only around 3 per day. eBay also has an affiliate program with a generous payout structure.

Amazon.com -Amazon.com is the largest retail market of the United States. With its attractive prices, promotional offers and partnership programs, this website has many followers throughout the country.

eBid, OnlineAuction and Bidz.com are other sites in this genre. PriceGrabber.com is another shopping site that enables comparison of product prices and offers customer reviews.

Doubling Your DubliNetwork Profits Dubli has a magnetic pull in its concept of reverse auction; this should get you interested buyers. Since a bid costs just 80 cents, you’ll need to sell a lot of credits to get a good income. To achieve this volume of business, you’d have to think beyond you network of friends and reach out to a larger market through MLM leads.

There are various techniques in the internet that can help you launch an MLM lead system that will keep bringing in business.

How To Sell On Online Auctions

Ah the vastness of the internet. Seems like a place where dreams are made and broken, where millionaires and has-beens all vie for that internet pie that promises massive financial gain and open ended answers to every question. The online auction has become a simple of the transaction of goods on a global scale, the international yard sale where everyone can and will exchange everything. So you may be familiar with the idea of buying stuff on eBay and Amazon, but how do you go about selling on online auctions?

In order to sell on an online auction, you must understand the nature of the auction itself. An auction is essentially a large clearing house where anyone can attempt to put up anything for sale at any given time. So, if you intend on utilizing any one of a number of online auctions, first decide what is your goal. Define you goals so that you can get more out of the online auction scene. Do you want to sell a single item of yours that has been collecting dust in the garage or do you want to make a business of buying goods and then selling them on the internet? If the latter is the case you need to make a strategy.

If you are interested in testing the water by selling a few items on an online auction, the first step is to make an account. You will need a way to accept your payments for any item you successfully sale. The easiest and most convenient way to do this is to open up a Paypal account, and have it anchored directly to your bank account. After you have managed your payment scheme, you need to take a look at how other people who are selling similar items to what you want to sell list their items.

Take note of what you like, what makes you incline towards a particular poster. Now, once you have gathered a decent amount of back knowledge on how to list an item on an online auction for sale, you need to take pictures of your item, and list it with a decent description. Remember, that the rates which you start bidding will determine how quickly interest will be shown in your particular item. Also, sometimes it isn’t the price that sells a particular item, rather it is the rich description and pictures. So take your time and list your item properly in such a way that you would love to buy it if you were in need of it yourself. Finally, after you make a sell, make sure you follow through with quick delivery. This weighs a lot on the probability of repeated sells.

If you intend on selling on internet auctions as a business endeavor, much of the same techniques listed above should be utilized. Obviously, you will need to acquire a steady supply of items to list, and your ability to acquire items that are in demand will weigh on your ability to steadily make profits. Always keep in mind basic business theory when you are utilizing online auctions.

In conclusion, if you organize your efforts well, you have a large potential to make decent money by selling on online auctions. Even if you don’t intend on making it a business, selling on online auctions is a great way to clear out the garage. Have fun.

Auction Audacities – Ways People Scam Online Auction Users

You can find just about anything on eBay these day’s a random browse brings CDs, clothing, cars, and skin to your computer screen. That’s right, I said skin. One man recently auctioned patches of his body to advertising companies, who tattooed their logos on to him. EBay isn’t the only site for surfers bit by the auction bug. There are literally hundreds of sites on the web where you can sell your useless crap and use the money to buy someone elses useless crap. It’s a flea market if I ever saw one-just online. And hey, it’s not all junk. You can find some great deals on auctions sites.

One problem: People are getting scammed, which turns them off to these types of sites altogether. Of course, security is bound to be an issue whenever the Internet and money are involved, but with online auctions, individuals are in control, not corporations who are more trustworthy with business transactions. 99 times out of 100, the relationship between auctioneer and buyer will go smoothly, but just in case, here’s the top five ways users will scam you. Don’t become that minority who walks away from a deal having lost both money and item.

1. Phony Users. I don’t know what the reason is behind it, but some users will bid on items when they never have any intention of purchasing it. Your auction will be over, and the user will cancel his auction membership and disappear-and there’s not much you can do to stop him. Most auction sites charge a fee to sell items, so not only do you still have the unwanted item on your hands, but you also have lost money trying to sell it.

One way to prevent this from happening is to closely keep track of you auction. When the auction closes, take note of the second and third runners up. That way, if the winner bails on you, you can contact the others to see if they are still interested in purchasing the item from you. At some sites, you also have the option of only accepting bids from confirmed users-these are bidders who have either won and paid for items in the past or who have their own auctioneer’s account set up with the site. Check the guidelines, because every site is a little different on their definition of “confirmed buyer.”

2. Stolen Credit Cards. If you own a business and choose to accept credit cards, be careful about how you do this online. When a user pays with a stolen credit card, it may take a few days for the rightful owner to realize it’s one. Guess what? You won’t get the money for your item, which is already in the mail-as good as gone.

Credit card payments are tricky, and I don’t recommend using them unless you own a business with an online website that has credit card payments available. If not, call the credit card company. The name and address that the user provided for shipping should be the same name and address on the card. Companies are glad to check their records for you-it saves them time and money when their cards are stolen. If it doesn’t match up, decline the card and ask for payment in another way.

3. Shipping and Receiving Scoundrels. Whether you’re the buyer or seller, you should be cautious about the exchange of money and goods. Users can easily take your money or item and disappear without sending you what you’re due.

In most conditions, it is the buyer’s responsibility to send payment first. If you’re using a personal check to pay for an item, date the check two weeks from the day you send it. That way, if the seller never sends the item, you can cancel your check before its cashed. The best choice, especially for larger items, is to use an escrow service. These companies act as a go-between for buyers and sellers.

Check with the Better Business Bureau or Consumer Reports before selecting a service to make sure they aren’t scamming both buyer and seller by disappearing with the item and the money, both at once.

4. Check Bouncers. As with stolen credit cards, buyers can easily scam sellers by sending them checks that are no good. You receive the payment and mail the item, but when you go to cash the check, you find out that it is worthless. Don’t shoot yourself in the foot-use a third party service instead.

Third party payment services, the most popular of which is paypal, allow people to create free online accounts to transfer money. Using a bank account or credit card, you can send and receive money almost instantly, which prevents users from stealing your stuff. This is the best option for payment after an online auction.

5. Identity Thieves. As with any online service, you need to be very careful with your personal information to prevent identity theft. These crooks are getting very sneaky, often the e-mails or messages you receive from them look and sound very official. As people are getting more web-savvy, so are cyber criminals.

Use a well-known auction site that you trust. These sites should never ask for information like your social security number. Most of the time they won’t be the ones trying to scam you. Other users will use their company name to send e-mails demanding such information. If you get something in your inbox that looks fishy, forward it to the company or give them a call, and professionals there can tell you if it’s legit. These sites will also never ask for your user name and password in an e-mail, so beware of claims that this information is needed.

Use common sense. The information you share online should be limited and you should always take preventative measures to protect yourself. Sites are only as secure as their users, so if you get scammed, most times you only have yourself to blame. Before signing up with any auction site, check their policies. Knowledge is the key to keeping your online transactions protected so that you can buy and sell all the personal property, goods and services you want. Before long, that green and orange polka-dotted couch will be yours.

Benefits of Buying Office Furniture at a Liquidation Auction

If you are considering redecorating your office, no doubt you have already considered the expense as well. Purchasing office furniture is one of the larger expenses that most businesses have to face, but there are ways for you to save money. Rather than purchasing new furniture, there are benefits to purchasing pre-owned furniture through a liquidation auction. When you consider the benefits to purchasing secondhand furniture, it becomes clear that it is a choice that you should contemplate as well. Here are some of the top benefits of purchasing used furniture for your office through liquidation auctions. There is no doubt that it will help to steer you in the right direction.

Cost – the most obvious benefit of purchasing anything through a liquidation auction is the cost. This is especially true when it comes to office furniture, because you will get a significantly lower price when you purchase used furniture at an auction. The amount that you save is going to depend upon a number of different factors. You will need to consider the age of the furniture and its current condition. You also need to consider the popularity of the auction house, because multiple bidders on a piece of furniture will drive up the cost. Regardless of the type of auction you choose, however, you will find that you are saving money by using it.

Quality – When most people think about used office furniture, they may think about furniture that is broken down and worn out. Although there may be some areas where that is the case, liquidation auctions typically provide you with quality furniture at a more reasonable price. A company usually sells all of its assets through a liquidation auction. They are not getting rid of the office furniture because they are trying to purchase new furniture; they have already gone out of business or are in the process of doing so. Some of the furniture that you can purchase through a liquidation auction is going to be very high quality and in excellent condition.

Convenience – Depending on where you purchase new office furniture, it can be quite inconvenient. The store may have samples available to look at when you purchase new furniture, but there are some cases in which the real look and feel of the furniture is left to your imagination. Once it comes delivered to your location, it is going to need to be assembled and put into place. You will not find that to be the case when you purchase office furniture through a liquidation auction. It is already fully assembled and comes to your location, ready to work for you. If it is disassembled, you have the convenience of seeing the furniture put together before you purchase it through the auction.

As you can see, there are many benefits of buying office furniture through a liquidation auction when you compare it to purchasing new. When you count the cost and consider the convenience and the quality of the furniture that is available, it is obvious that using a liquidation auction is the best choice.

Pros and Cons of E Auctions

If you thought that Internet and online business has been enabled only in case of business to customer type of business, you are wrong. Even business-to-business is conducted through online procurement and online e auctions. This is fast becoming the most popular way of selling things to other businesses.

Anything new takes a while for us to learn. This is true in the case of e auctions too. You need to know how things work and decide if this is the right option for you. When you have understood to how to participate in the e auctions you are ready to enter it.

E auctions do not have the scope for physical exhibition of the items on auction. At the most you may get to see the photos online. In traditional auctions one is able to see the item physically before buying it. Therefore if you are buying an expensive item, then you need to think twice if you are comfortable buying without seeing it.

Traditional auctions have both buyers and sellers talking to each other at the auction site and there is opportunity for live interaction. This is not available on e auctions. At best you may be able to chat online with the people carrying out the auction.

Online auctions do score over the traditional auctions in the sense that you need not pay huge amount of rent in securing a venue for holding the auction.

It is not only the rent that you save on in an e auction, but you get to save on other incidental expenses including refreshment and snacks cost that you would otherwise have to spend. E auction does not have any such provisions for expenditure.

Just imagine with e auction you can reach to buyers from across other countries and engage all those who are interested in your ware, but when you hold a traditional auction you are limited to calling only those who are in the nearby vicinity and a small group.

Now that you have been educated regarding both the types of auctions, you are ready to engage that mode which suits your business needs best. Decide on one channel after considering the benefits and disadvantages of both the channels.

Industrial Equipment: 5 Benefits Of Online Auction Sites

If you are planning to buy industrial equipment online, try out online auction sites as they offer a lot of benefits. Nowadays, whether it’s a toothbrush or heavy machinery, we can buy everything online from the comfort of our homes. Given below are some of the main benefits that you can enjoy if you choose to buy your desired machinery at an online auction. Read on to know more.

1. Convenience

Convenience is the number one benefit of using an online auction. It doesn’t matter where you live. All you need to do is place your bid. Since you can search for your desired machinery online, you don’t need to leave your house. You can do your research whenever you have time to find out the required information.

2. 24-hour Access

Another great benefit of online auction sites is that you can place your bid at any time of the day or night. You may think it’s not a big deal, but it’s a great benefit. Timezone won’t be a hurdle in your way, which means you won’t miss out on an opportunity just because you live in a different timezone than the seller.

3. Instant Feedback

Instant feedback is another benefit you can enjoy if you choose to use an auction site. It can be painful to find out if your offer was accepted. If there are a lot of offers, you may have to wait for several days for feedback. If you do your business on the Internet, you can enjoy instant feedback.

4. Budget-Friendly

If you are on a budget, you can save plenty of time and money by using an auction site. Since buying industrial equipment is a huge investment, you have to shop around to make sure you choose the right type of machinery. If you choose to buy online, you won’t have to travel to a lot of shops.

This is a huge benefit, especially if you are going to import the machinery from a far away destination where you can’t go because of your busy schedule.

You can save a good deal of money by reducing your traveling expenses. Now, you don’t need to spend on gas and roadside dinners.

5. Variety

When we buy something, we tend to choose from a variety of that product. This makes it easier for us to get exactly what we want. This is another huge benefit that you can enjoy if you head to an online auction site to buy industrial equipment.

Since online searches don’t take more than a few minutes per day, you can easily find out what you need without spending a whole day. On auction sites, you can choose exactly what your business needs. All you need to do is use the filter feature wisely.

The Takeaway

So, these are 5 benefits of buying your desired industrial machinery at an online auction. Just make sure you choose a reliable online auction and use the filter feature to see the list of relevant machinery only.