Online Auctions and Liquidations

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Online Bidding Etiquette

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Online auctions provide an exciting opportunity for both bidders and sellers. Before bidding, it’s important that bidders understand proper online auction etiquette. Knowing what to expect and how to conduct yourself before, during, and after the auction can have a big impact on your success and experience as a bidder.

Ask Questions Before Placing Your Bid

Before placing any bids, make sure that you fully understand the auction company’s terms and policies regarding bidding and receiving your items. Many local auction companies require winning bidders to pick-up their items in person. Before bidding, make sure you’ll be available on the day and time you need to pick-up your winnings. It’s also important to make sure you can get to the auction pick-up location.

If you have questions that aren’t answered on the auction company’s website or the auction listing, call the auction company for clarification before bidding. Most auction companies do not allow bidders to retract their bid. It’s crucial to ensure you’re willing and able to follow through with payment before bidding.

Bidding

When placing bids online, try not to bid in the final seconds of the auction. Many auction companies use a popcorn bidding system. This means that the auction gets extended each time someone places a bid within the last few minutes. This system ensures all bidders have an opportunity to place their final bid.

Payment

It’s important to pay for all items in a timely manner. Depending on the terms of the auction, you can typically make a payment for your winnings immediately after the auction ends. Make sure to check the terms and conditions on each auction so you know when payment is due. It’s always best to pay sooner than later.

Pick-Up

Winning bidders may need to pick-up their items from a physical location. Make sure you arrive at the location on-time and prepared to load and haul the items yourself.

Lots of Auctions is an exciting online auction website. We offer a variety of items from a wide range of categories. We have new auctions starting every week. Please click here to register to bid.

Using Online Auction Sites Safely

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Online auction websites allow bidders to obtain high quality merchandise at deeply discounted prices. These sites also make it possible for sellers to list and sell their products. While these websites have become extremely popular in recent years, it’s important to make sure you use common sense and know how to use these sites safely.

Product Quality

Before bidding on anything, make sure you understand the risk involved. Popular platforms like eBay allow anyone to sign-up and list their products for sale. It’s not uncommon for sellers to list something different than what the buyer actually receives. Recently, eBay sellers got in trouble for selling an image of a PlayStation 5 instead of the actual product. Hopeful bidders paid hundreds of dollars for these photos.

When choosing an online auction platform to buy from, make sure they aren’t allowing just anyone to list products for sale. They should have an application process for sellers. They should also have a return policy in case the item(s) purchased don’t meet your expectations. Selecting a local auction company makes pick-up and returns much easier. You can often call these companies to ask questions before placing any bids.

Sharing Information

Whenever personal information is involved, it’s a good idea to make sure the company you’re dealing with is a respectable business. Check the auction company’s online presence. Do they have a website and social media pages? If you call the phone number listed for the business, can you speak to an actual person on the phone? These are important factors to consider before exchanging any financial information with the company.

Registration

Some online auction websites require bidders to pay an annual fee in order to bid. Unfortunately, many people do not know if they’ll want to bid in upcoming auctions. If bidders only participate in one auction throughout the year, they likely won’t get any value from their membership. In fact, it may end up costing them more than the actual items they purchase.

Look for an online auction company that offers free registration.

Texas Online Auctions

Headquartered in Dallas, Texas, Lots of Auctions is an exciting online auction platform. We offer a wide range of merchandise from a variety of categories including home goods, electronics, automotive parts and accessories, baby supply, toys, contemporary furniture, and much more. Registering to bid on our website is fast and free and bidders only pay for the auctions they win.

Please click here to view our featured auctions.

Need Appliances for Your Home? 3 Reasons Why Online Auctions Are the Right Choice

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It costs a lot of money to move into a new home. Many people find that once they pay for moving expenses, rent or closing costs and other fees, they simply don’t have enough money left to purchase new appliances. Unfortunately, many of us have come to rely on household appliances and use them every day.

New homeowners, renters, and college students often turn to online auctions to obtain the things they need at deeply discounted prices. These auctions make it possible for bidders to win a variety of household appliances, kitchen appliances, and other items for their home.

Lower Cost

Many people utilize online auctions because of the potential cost savings. Online auctions provide a convenient and exciting way to get quality, name brand merchandise for less. Bidding typically starts low, and bidders have the opportunity to compete against each other to win each auction.

Bidding starts at $5 for most auctions that take place on the Lots of Auctions platform. This means that new homeowners or renters have the opportunity to obtain high value appliances for very little money.

Convenience

Depending on the auction platform, bidders can usually enter a maximum bid and allow the system to place bids for them. Once the system reaches their maximum bid, it stops bidding on their behalf. The bidder receives an email the moment they get outbid. At this point, they can choose to increase their bid or let someone else win the auction.

Because auctions take place entirely online, bidders can place bids at any time of the day or night. Although most local auctions require bidders to pick-up their product after auction close, bidding online does not limit bidders by geographic location. Bidders from outside the area may be able to have their winnings shipped directly to them. However, it’s important to get in touch with the auction company prior to bidding if shipping is required.

Name Brand Products

Online auctions include a variety of merchandise from a wide range of sources. At Lots of Auctions, many of our auctions include liquidation merchandise from major retailers. This merchandise includes shelf pulls, customer returns, and overstock. Most of this is brand name product in unopened boxes.

Lots of Auctions offers a variety of kitchen appliances, home appliances, office appliances, and more through our online auctions in Denton, Texas. Please click here to view our featured auctions.

 

Tips for Selling Products in Online Auctions

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As people have become more accustomed to buying product online, online auctions have become a popular option for both buyers and sellers. Online auctions allow consumers to purchase high quality products at deeply discounted prices. These auctions allow sellers to reach a large number of people in a short amount of time. This increases exposure and the chance of sales.

Online auctions provide a convenient and smart way for resellers and businesses to sell their products. However, it’s important that sellers learn as much as they can before listing product on an online auction website. This helps ensure the greatest chance of success.

Be Honest

The increase of internet use not only allows business owners to reach more people, it makes it possible for their customers to as well. When advertising items for sale, it’s important to be as truthful as possible. If winning bidders get what they expect, they’ll be much more likely to shop again and refer your auctions to their friends.

Use Good Quality Photos

It’s important to take the time and effort to ensure good quality photos. If possible, take pictures of each item against a plain background. This not only looks professional; it makes the products easier to see. This has been shown to increase the chance of sales.

Set Your Minimum Bid

Make sure you specify your minimum bid on each item. Although most items won’t sell for their minimum bid, it sets the stage for bidding.

Provide Clear Pick-Up or Delivery Details

Many online auction companies require winning bidders to pick-up their winnings from a physical location. It’s important to make these details clear when setting up the auction. Make sure bidders know before they bid where they should go and what they need to do after the auction closes.

List Your Products with an Experienced Online Auction Company

Choosing to list your products on a popular and well-designed online auction platform helps ensure your auction runs smoothly. Select an online auction website with an established customer base. It’s also important to make sure the auction company uses targeted marketing.

Lots of Auctions offers online auctions in Texas. Our Texas auctions provide an exciting and convenient option for both sellers and buyers. Please click here to register to sell.

How Online Auctions Are Changing the Auction Industry

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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

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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

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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

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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

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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

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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.