• Menu
  • Skip to right header navigation
  • Skip to primary navigation
  • Skip to secondary navigation
  • Skip to main content

LotsofAuctions.com

Online Auctions and Liquidations

Header Right

800-830-9381

  • Home
  • Login
  • Register to Bid
  • Blog
  • Location & Hours
  • Home
  • Login
  • Register to Bid
  • Blog
  • Location & Hours

Header Right

800-830-9381

  • Live Auctions
    • Denton TX Auctions
      • Baby
      • Contemporary Furniture
      • Electronics
      • Home Improvement
      • Kitchen
      • General Merch- Denton
        • Health and Beauty Kitchen Home Goods and More Auction
        • Home Goods Health & Beauty Kitchen and More
        • Health and Beauty Home Goods Kitchen and More
        • Home Improvement Home Goods Baby Kitchen and More
        • Kitchen Health and Beauty Home Goods and More
        • Kitchen Home Goods Health and Beauty and More
      • Monitors
      • Pet Supplies
      • Sporting Goods
      • Toy
    • Dallas TX Auctions
      • Baby – Dallas
      • Contemporary Furniture – Dallas
      • Electronics – Dallas
      • General Merch- Dallas
      • Health and Beauty – Dallas
      • Home Improvement – Dallas
      • Kitchen Accessories – Dallas
      • Pallet Auctions – Dallas
      • Pet Supplies – Dallas
      • Sporting Goods – Dallas
      • Toy – Dallas
    • Fort Worth TX Auctions
  • About Us
  • FAQ
  • Business Liquidations
  • Estate Liquidations
  • Inventory Reduction
  • Facebook
  • Instagram
  • LinkedIn
  • TikTok
  • Twitter
  • YouTube
  • Live Auctions
    • Denton TX Auctions
      • Baby
      • Contemporary Furniture
      • Electronics
      • Home Improvement
      • Kitchen
      • General Merch- Denton
        • Health and Beauty Kitchen Home Goods and More Auction
        • Home Goods Health & Beauty Kitchen and More
        • Health and Beauty Home Goods Kitchen and More
        • Home Improvement Home Goods Baby Kitchen and More
        • Kitchen Health and Beauty Home Goods and More
        • Kitchen Home Goods Health and Beauty and More
      • Monitors
      • Pet Supplies
      • Sporting Goods
      • Toy
    • Dallas TX Auctions
      • Baby – Dallas
      • Contemporary Furniture – Dallas
      • Electronics – Dallas
      • General Merch- Dallas
      • Health and Beauty – Dallas
      • Home Improvement – Dallas
      • Kitchen Accessories – Dallas
      • Pallet Auctions – Dallas
      • Pet Supplies – Dallas
      • Sporting Goods – Dallas
      • Toy – Dallas
    • Fort Worth TX Auctions
  • About Us
  • FAQ
  • Business Liquidations
  • Estate Liquidations
  • Inventory Reduction
You are here: Home / Blog / How Online Auctions Are Changing the Auction Industry

How Online Auctions Are Changing the Auction Industry

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.

Previous Post: « Buying Baby Products for Less
Next Post: Tips for Selling Products in Online Auctions »
  • Facebook
  • Instagram
  • LinkedIn
  • TikTok
  • Twitter
  • YouTube

Site Footer

Information

About Us
FAQ
Blog
COVID-19 Statement

Customer Service

Location & Hours
User Agreement
Privacy Policy

Services

Business Liquidations
Estate Liquidations
Inventory Reduction

My Account

Login
Register to Bid
Register to Sell

LotsofAuctions.com

Copyright © 2022 LotsofAuctions.com · Website by Alter Impact