Everyday, people participate in online auctions to get the things they want and need for less. Bidding typically starts low, and bidders have the opportunity to get name brand products at a fraction of their MSRP value. If you’ve never participated in an online auction, the process may seem a little confusing. This type of auction is different than in-person auctions, where bidders visit a physical location to view and bid on items.
Registering to Bid
Before placing any bids, bidders must register on the website. Typically, this involves filling out a form and providing key information like name, phone number, and email address. Bidders will also be asked to provide payment information. Typically, bidders pay nothing unless they win the auction.
Different Types of Bids
Bidders can choose to place a one-time bid or a maximum bid. When a maximum bid is entered, the system places bids on behalf of the bidder up until the entered amount. This is the most convenient way to participate in online auctions. The maximum bid option also makes it possible for bidders to set a budget. If outbid, the system sends an alert via email. At this time, the bidder can choose to increase their maximum bid or forfeit the auction.
Bidders can also choose to place a one-time bid. This option requires the bidder to manually enter each bid. While most people find this inconvenient, some people prefer the control this option provides.
Picking Up Your Items
Once the auction closes, winning bidders must pick-up their items from their local warehouse. This is typically the only time bidders visit the warehouse. Occasionally, the auction company will offer shipping for an additional charge. This is an excellent option for people that can’t travel to the warehouse. Of course, bidders that pick-up their items themselves, end up paying less.
Participating in online auctions is a fun and easy way to get what you want for less. It also provides an opportunity to get discontinued or hard to find items.
Lots of Auctions offers daily auctions in Denton and Dallas, Texas and Cape Girardeau, Missouri. Bidding starts at just $5 and bidders can choose from multiple categories and items.
It seems like everywhere you turn, people are talking about product shortages and shipping delays this holiday season. News outlets are all warning that Americans need to get their holiday shopping done early. It’s expected that popular items will sell out quickly this year. With so much product stuck on cargo ships off shore, it’s unknown how long it will take for stores to restock their shelves.
At Lots of Auctions, we believe that no one should have to pay full price for the things they want and need. Each week, thousands of people participate in our online auctions. Shopping through online auction is more convenient, cost-effective, and exciting than visiting the store.
Most people know that shopping through online auction allows them to get the things they need for less. However, this isn’t the only reason these auctions are so popular. Let’s take a look at the top five reasons people participate in online auctions.
Open air and ecommerce sellers are often surprised by the high cost of keeping their shelves stocked. In order to save money, these resellers may purchase liquidation name brand product by the pallet. Buying pallets of liquidation merchandise allows resellers to keep their shelves fully stocked, for a fraction of the cost of buying direct from the manufacturer.
Online auctions allow consumers to get name brand products for less money than possible at a department store. Bidding starts low, and most items end up selling for well below their MSRP value. While bidders can often find a large selection of items to choose from, it can be a challenge to determine the best deals in these auctions.
Everyday, thousands of people shop our online auctions to get the things they want and need for less. Shopping through online auction is an exciting and cost-effective way to get a variety of products at incredible discounts. Many times, bidders in online auctions get products for well below MSRP value. This is part of the reason why so many people participate in our auctions.
Nearly half of all Americans both young and old, play games on their phone, computer, or console. Playing video games removes the limitations we have in the real world and allows us to create a new reality. In video games, players are not limited by age, height, gender, or physical disabilities. The more we play these games, the more competent we become. Beating a video game builds self-confidence while improving problem-solving skills.
It seems like everything goes up in price each day. It’s not just your imagination, prices have been rising in the U.S. as the economy recovers from the global pandemic. Prices have risen 4.3% since July 2020 on most items. This has left many people skipping out on the things they want. Fortunately, there’s a better way.
Many resellers purchase pallets of liquidation merchandise to keep their shelves stocked. These pallets often contain name brand merchandise. However, purchasing liquidation pallets can cost a lot of money up front. Shopping for liquidation pallets through online auction allows resellers to get pallets of merchandise at a fraction of their MSRP value. Bidding often starts low, and it’s not uncommon for pallets of product to sell for under $500.