Online Auctions and Liquidations

carol

How Online Auctions Are Changing the Auction Industry

By //  by 

Not that long ago, the only way people could participate in an auction was to show up at an auction hall or other location and wait until they saw something they wanted to bid on. While these types of auctions still exist, online auctions have become the auction of choice for many Americans. In fact, many consumers that wouldn’t normally participate in in-person auctions find the thrill and excitement of online auctions difficult to resist.

Growth of Online Auctions

The concept of online auctions isn’t new. People have been bidding online for over two decades. eBay, one of the world’s most popular online auction platforms launched their first auction in 1995. On September 21st, 1998, eBay went public. This allowed people from all over the world to list their items for sale and place bid on items as well. Since that time, many brick and mortar auction houses have incorporated online auctions into their normal business operations.

While in person auctions still take place and attract significant attention, this might change in the next few years. E-commerce sales are expected to exceed 15% of all retail sales in U.S. by the end of this year. Within the last ten years, global e-commerce sales have increased 600%. If growth continues as expected, it won’t be long before most, if not all sales take place online. This includes auction sales.

Benefits of Online Auctions

Online auctions provide a convenient way for consumers to obtain a wide range of merchandise. Because these auctions take place entirely online, bidders can view auctions and place bids at any time of the day or night. This is different than in-person auctions where bidders must be physically present at the exact time and place of the auction.

Although many people believe only young people participate in online auctions, nothing could be further than the truth. Many older adults enjoy the convenience and flexibility online auctions offer.

For sellers, online auctions provide benefits over in-person auctions as well. Sellers that list their items for sale on online auction platforms reach a large number of people in a short amount of time. Selling online also makes it possible to reach consumers that live in other states or countries. Although some of these consumers might travel out of the area to visit an in-person auction, they’re more likely to participate online.

Lots of Auctions is an exciting new online auction platform. Please click here to view our featured auctions.

Buying Baby Products for Less

By //  by 

Everyone that’s ever had to purchase baby products or nursery accessories knows that baby products cost a lot of money. Buying baby products through online auctions allows Texas residents to get high quality baby products at deeply discounted prices. These auctions often contain name brand products like strollers, bouncers, baby toys, toddler toys, nursery accessories, and more.

Baby Product Auctions in Texas

Before bidding on baby auctions, it’s important to locate a company with a reputation for quality and excellent customer service. This helps ensure a good experience. Lots of Auctions provides quality baby products to individuals and resellers throughout Texas. Although our online platform is new, we’ve been selling our products in online auctions for years. We strive to provide the best products and customer service to our valued customers.

Our auctions provide an excellent opportunity for both bidders and sellers. Our bidders use our auctions to obtain high quality products. Because our auctions take place entirely online, bidders never have to worry about being present in an auction hall for hours. Bidding takes place 24/7, and bidders can view and bid on auctions from their smartphone, tablet, or computer.

After registering to bid, bidders can view our baby auctions and select the items that interest them most. Bidders can choose to place bids manually or let the system bid for them up to their “highest bid”.

Bidders can purchase a wide range of baby products for themselves, their friends and family, or to resell at flea markets or in their own brick-and-mortar store. Many Texas resellers utilize our auctions to obtain high quality merchandise for less. Whatever the reason, our online auctions provide an excellent alternative to buying baby products through retail stores.

Lots of Auctions Offers A Wide Range of Merchandise

In addition to quality baby products and baby toys, Lots of Auctions also offers other merchandise for sale from a wide range of categories including electronics, home goods, home improvement, furniture, and more. Our online auctions have everything homeowners need to make their home more comfortable.

Please click here to view our featured auctions.

Fill Your Home with Quality Merchandise

By //  by 

When moving to a new home, people often find they do not have the money to buy the furniture or other necessities they need. Sometimes, they put all of their money towards new furniture and skip out on the home décor pieces that make their home unique.

Many people utilize online auctions to obtain the things they might not be able to afford from retail stores. The items sold in home goods auctions are usually brand new. Many times, these items are customer returns or liquidation items. Buying merchandise through online auctions allows individuals to purchase high quality home goods at deeply discounted prices.

How It Works

Bidders register to bid on an online platform like Lots of Auctions. Following registration, bidders can view all available auctions and select the items they’d like to bid on. Many platforms offer free registration and bidders only pay for the auctions they win.

When bidding, bidders have the option to enter a “highest bid” or place the next available bid. While placing the next available bid might seem like the best idea, it’s not the best way to win the auction. In order to win, you must constantly return to the item and select the bid button. Entering a maximum or highest bid allows the system to do the work for you. Once entered, the system automatically places the next available bid until your maximum bid is reached. At this time, bidders can choose to enter another highest bid or bid on other items in the auction.

Tip: It’s important to remember that bids can’t be retracted. Bidders should only enter an amount they’re willing to pay in the “highest bid” box.

Once the auction ends, winners pay and pick-up their winnings at the location stated on their auction. Although most of our auctions take place in Denton County, we have other locations in Texas as well. It’s important to check the terms and conditions listed on each auction.

Home Goods Auctions

Lots of Auctions offers furniture, home goods, home improvement, kitchen appliances, housewares, and home décor auctions. Our Texas auctions provide a fun and exciting opportunity for new homeowners, college students, renters, and more.

Please click here to view our featured auctions.

 

 

Save Money with Electronics Auctions

By //  by 

As technology evolves, people rely on electronics to complete a number of daily tasks. From making breakfast to catching up on the latest news and staying connected with friends and family, electronics play an important role in all of our lives.

People looking to buy newer electronics often find the cost overwhelming. Unfortunately, consumers don’t have a lot of options when it comes to saving money. Buying older, used electronics isn’t advised. In addition to being out of date, these electronics may be unreliable and have an extremely short lifespan.

Online Auctions

Purchasing electronics through online liquidation auctions allows buyers to obtain high quality name brand products at deeply discounted prices. Most of the items sold in these auctions are brand new products. Some even come with the original manufacturer’s warranty. This is an excellent option for anyone looking to obtain high quality electronics for less.

Unlike in-person auctions, which require bidders to meet and bid at an auction hall, online auctions allow bidders to place bids from the comfort of their home or office. Once the auction closes, winners pay and pick-up their items from the auction house. Many people find this process much easier and more convenient than other types of auctions. Bidders often win auctions at costs well below market value, making online auctions an affordable and exciting opportunity for resellers, entrepreneurs, college students, seniors, families, and anyone looking for a great deal on quality products.

How It Works

After registering to bid, bidders can search the auctions to locate the item(s) they’d like to purchase. Under each item description, bidders can enter a maximum bid or select the quick bid option. The quick bid option places the minimum bid. This is a one-time bid and bidders must return to the listing to place additional bids. The maximum bid option allows the auction platform to continue bidding for you. As other people place bids, the system automatically applies the next minimum bid in your name until it reaches your highest bid.

Lots of Auctions launches new auctions every week. Our electronics auctions include electronics from the best name brands.

Online Bidding 101

By //  by 

Once you register to start bidding online, the possibilities are endless. It’s easy to get lost in the thrill of online bidding. Online auctions make it possible to obtain high quality items at discounted prices. Bidders can view, bid, and pay for items without ever stepping foot in an auction hall.

If you’re interested in bidding in online auctions, it might benefit you to learn about the ins and outs of bidding online. This helps ensure the greatest chance of success.

How to Place A Bid Online

Each auction has numerous items and categories to choose from. Once you’ve found something you’d like to buy, simply enter your highest bid in the box under the item description and click “submit bid”. You can also click the “quick bid” option to place the minimum bid on the item. While this option provides a fast and convenient way to bid, it doesn’t provide a safeguard against other bidders. When you enter a maximum bid, the system automatically bids on your behalf until you’ve reached your highest bid.

Before entering a maximum bid, make sure you’re comfortable buying the item for this amount. Once you place your bid, you cannot retract it.

Bidding Notifications

When you register to bid, the auction house will send you notifications at the start and end of each auction. After bidding, you’ll receive notification if you’ve been outbid, lost, or won the auction.

Popcorn Bidding

When bids get placed within the last few minutes of the auction, the auction end time automatically extends. Known as popcorn bidding, this helps ensure everyone gets a chance to bid.

Winning the Auction

After the auction, the winning bidder of each item receives notification via email. After paying for their items, winners can pick-up them up at the location listed on each auction. This process may differ slightly from one online auction to the next. Online auctions provide an exciting opportunity for bidders to purchase quality merchandise at deeply discounted prices.

If you’re interested in bidding in our Texas auctions, Lots of Auctions offers a wide range of merchandise. Click here to view our featured auctions.

Tips for Successful Online Bidding

By //  by 

Online auctions allow bidders to get high quality name brand merchandise at unbelievable discounts. However, it’s important that bidders take some time to learn about the process and locate a quality online auction website.

Locate a Reputable Online Auction Website

Several auction websites exist, but they aren’t all created equal. Bidders should look for an auction website that’s easy to use, easy to understand, and offers a wide range of items for sale. Finding an online auction company with prior auction experience could help ensure success.

Figure Out Your Bidding Style

While some people enjoy the thrill of competitive bidding, others prefer to place one bid on multiple items and hope for the best. Although it’s recommended that bidders watch auctions closely as they end, it’s not always necessary.

Set a Maximum You’re Willing to Spend

It’s easy to get caught up in the bidding. Many bidders start small then let their competitive edge get the best of them. Before bidding, bidders should determine the maximum amount they’re willing to spend on each item. Although it isn’t likely you’ll hit this number every time, knowing when to call it quits helps ensure you don’t spend more money than you have. This is especially important for bidders that plan to resell the items they win.

Make Sure You understand the Payment Terms Before Bidding

Different auctions have different payment terms. It’s important that you fully understand when and how you need to pay before placing your first bid. Bidders should start by reviewing the terms and conditions of the online auction website.

Take Advantage of Contact-Less Pick-Up

The pandemic has made many of us more conscious of the risks of close contact with others. Look for an online auction company that offers contact-less pick-up. This helps keep you safe and streamlines the pick-up process. Just make sure to bring someone with you to help load your items.

Pick-Up Your Items On Time

Many auction companies charge a fee if you don’t pick-up during the times stated on the auction. After the auction closes, it’s important that bidders collect their winnings quickly.

Before bidding, make sure you’ll be available for pick-up. For bidders that live outside the area, check to see if the auction company can ship your items prior to bidding. Many online auctions will provide shipping for an additional fee.

Lots of Auctions offers online auctions for individuals, businesses, and resellers. We offer contact-less pick-up in Dallas, Texas. Please click here if you’re interested in becoming a bidder.

Benefits of Selling in Online Auctions

By //  by 

Online auctions provide an excellent platform for both bidders and sellers. Online auctions provide a convenient option for sellers to clear out old inventory, earn additional revenue, or start a whole new business.

Through an easy-to-use online auction website, sellers can reach more people in less time than possible with any other method. After posting their items, bidders from all over the world can bid against each other without ever having to step foot in an auction hall.

After bidders win the auction, they have the option to pick-up their items or have them shipped for an additional cost. The whole auction takes place online, allowing resellers to complete other tasks or run another business during the day.

Eliminates Geographical Barriers

While in-person auctions and other methods of selling limit customers to those that can travel to a physical location, online auctions allow bidders from around the world to view and bid on products.

Levels the Playing Field

Many start-ups and small businesses have trouble getting their products into the hands of the public. Large, well-known organizations dominate the market, making it difficult for smaller companies to compete. Selling products through online auctions allows resellers and small businesses to showcase their products to millions of people. Because bidders get great values on quality merchandise, they’re more likely to buy from online auctions.

Repeat Buyers

As bidders start to win auctions and see the value they offer, they’ll keep coming back to see what else they can find. Even if they didn’t win the auction they tried for, they’ll probably come back to see if they can find a similar deal. Many resellers and small businesses buy from online auctions, increasing the chance of large sales. It’s not uncommon for resellers to purchase full pallets of merchandise.

Texas Online Auctions

This is just a short list of the many benefits of selling products in online auctions. However, it’s important that sellers locate a quality auction website where bidders can easily sign up and bid for a wide range of merchandise. Choosing an auction company with online auction experience and experience working with resellers ensures the best chance of success.

Lots of Auctions offers online auctions with convenient contact-less pick-up in Dallas, Texas. Our online auction website makes selling easy. Please click here to sign up as a seller.

 

3 Things to Know Before Bidding on Online Auctions

By //  by 

Starting a business as a reseller provides numerous benefits. Resellers get to set their own hours and determine what, when, and how to sell their products. With so many people looking for a good deal, resellers can make a lot of money.

One of the biggest hurdles stopping most people from starting a business as a reseller is the cost needed to purchase products. Many resellers turn to online auctions to get high quality products at deeply discounted prices. These auctions allow bidders to bid against each other. Many online auctions offer a wide range of inventory ranging from small appliances to vehicles and heavy equipment.

If you’ve always dreamed of starting your own business, becoming an online bidder is an excellent place to start. However, it’s important to figure out a few things before placing your first bid. Read on to learn more.

Figure Out What You Want to Sell

Create a plan before bidding in your first online auction. Consider the types of products your ideal customers would want to buy. These should be products you’re familiar with. Consider how you will sell these products and the space you have available to store them. This will help you determine what to buy and how much of it to bid on.

Many resellers start out selling products online. This is an excellent way to build customer trust and loyalty. It also reduces the amount of space you need to rent and maintain. Online resellers typically store their products at their home or in a storage unit.

Set a Budget

Before looking at what’s available, make sure you know how much you want to spend. Many bidders forget this important step. Unfortunately, spending too much on auction merchandise can limit your ability to make a profit.

Start with a small bid and watch the auction closely. Although it’s rare to win at your lowest bid, it’s not completely impossible. Fortunately, other bidders will likely want to keep the prices low, meaning you’ll get your items at significant discounts.

Avoid Bidding Wars

New bidders often get caught up in the excitement of the auction and end up bidding too much in an effort to beat out other bidders. This does nothing more than cut into your potential profits.

Lots of Auctions offers a wide range of quality merchandise for resellers, small businesses, large corporations, and open-air market sellers. Please contact us, or click here to register as a buyer.

Getting Your Business Back On Its Feet After COVID-19

By //  by 

COVID-19 has had a major impact on businesses around the world. In addition to forced closures and stay at home orders, many businesses have had to reduce their staff and reevaluate their ways of doing things. This has created a lot of financial insecurities for both small businesses and large organizations that rely on people to buy their products. For companies that haven’t made the switch to online sales, COVID-19 has made it almost impossible to operate.

Business Owners Turn to Online Auctions to Keep Shelves Stocked

Companies that rely on other businesses to supply their products have found it hard to continue business as normal. Many large suppliers of inventory halted operations last April. Unfortunately, several of these suppliers never opened back up, leaving resellers struggling to figure out what to do next.

Businesses and entrepreneurs all over the United States are searching for innovative new ways to make money. Many business owners have utilized online auctions to keep their shelves stocked and sell their merchandise.  Online auctions make it possible for people to buy large volumes of inventory at incredible discounts. Resellers can then offer these items for sale, passing the discounts on to their customers.

Although bidders can find a wide range of inventory available on auction websites, the most popular online auction sites offer liquidated merchandise from major retail stores. They may offer store return liquidation, store closeouts, and/or wholesale pallets for sale. All of these items are listed on an auction website similar to eBay. These site allow buyers to bid on their favorite products. It’s not uncommon for bidders to win high quality brand name merchandise at savings up to 75%.

In addition to helping businesses and entrepreneurs acquire a lot of inventory at deeply discounted prices, online auctions help companies clear out old inventory and keep perfectly good product out of our landfills. Online auctions help our environment and help businesses stay afloat, even during difficult times.

Online Auctions in Texas

Lots of Auctions offers online auctions with convenient contact-less pick-up in Dallas, Texas. We offer a wide range of quality merchandise including wholesale electronics, restaurant equipment, store return liquidation, tools, sporting goods, general merchandise, and more. Our auctions launch weekly and are open to the public.

Please click here to view our featured auctions. Click here if you’re interested in becoming a seller, or click here if you’d like to bid on any of our auctions. Please contact us for more information about our Texas auctions.