Online Auctions and Liquidations

auction sellers

Why Restaurant Owners Could Benefit From Selling Used Equipment & Supplies Through Online Auction

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Owning a restaurant can be stressful and expensive. Restaurant owners have many different things to consider and keep track of. It’s not uncommon for restaurant owners to forget about updating equipment or supplies. Another issue, once equipment or inventory is replaced, restaurant owners struggle to determine what to do with surplus supplies.

Restaurant owners can sell surplus equipment and inventory to other businesses. Sometimes, individuals will even purchase restaurant equipment for use at home.

Selling Surplus Kitchen Supplies Through Online Auction

Selling used equipment, fixtures, and supplies through online auction provides many benefits to restaurant owners. Online auctions allow sellers to reach a large audience quickly. Once bidding starts, a sale is guaranteed. The convenience and accessibility of online auctions make them an attractive option for shoppers. Bidding takes place entirely online, and bidders can shop from any device that connects to the internet.

Online auctions have become extremely popular in recent years. Thousands of bidders join these auctions every day.

Selling through online auction allows restaurant owners to sell their used equipment quickly, freeing up space for new appliances and supplies.

Hands Off Selling

One of the biggest benefits of online auctions is that they allow for hands-off selling. After choosing an online auction platform, sellers decide the start and end date of the auction, set the starting bid(s), determine the pick-up location, and list their items for sale. Once items are listed, bidding takes place both day and night with no action required by the seller.

Choosing An Online Auction Platform

When choosing where to sell restaurant equipment, it’s important to select an online auction company with lots of repeat bidders. It’s also important to choose an auction company that can handle the marketing for your auction.

Lots Of Auctions has years of experience offering a variety of items to bidders in Texas. Our online auctions take place daily. Thousands of repeat bidders participate in our auctions each week. Please click here to apply to sell your equipment on our online auction platform.

 

Increase Reach – Sell Through Online Auction

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Resellers looking to earn extra income and reach more buyers could benefit from selling through online auction. Regardless of the type of item offered, online auctions provide a fast and effective way to sell. Because these auctions take place online, buyers from all over the world can view and purchase items. Sellers are not limited by location, time zones, or borders. This significantly increases the number of potential buyers. Bidding takes place both day and night and bidders can participate from their smart phone, computer, tablet, or other device. All that’s needed is an internet connection.

There are numerous benefits to selling through online auction. Sellers choose these auctions for a variety of reasons. Let’s look at the top three.

Get Rid of Excess Inventory

One of the main reasons businesses offer items for sale through online auction is to get rid of excess inventory. Selling through online auction is a fast and inexpensive way to sell out of date items, overstock, and customer returns.

Sell Specialty Items

Sometimes sellers have a special or hard to find item they want to find a buyer for. Offering these items through online auction is an excellent way to get the best price. When marketed correctly, unique and hard to find items can attract hundreds to thousands of interested bidders. These bidders compete to get the item, driving the sale price up with each bid. Because these items often have a personal value to bidders, they can sell for well over market value in auction.

Increase Sales

Selling through online auction provides an additional sales channel. This allows sellers to reach more people without putting in a lot of extra effort. Once items are listed, the online auction practically runs itself.

When choosing an online auction platform to work with, it’s important to find an established auction company with a large number of active bidders. Lots Of Auctions attracts thousands of Texas bidders each month. We utilize targeted marketing to ensure the right people hear about our auctions.

Please click here to apply to sell with Lots Of Auctions. We look forward to hearing from you!

 

Top 4 Reasons To Sell Through Online Auction

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There are many ways to sell your items. You can set-up a shop, sell online through your own e-commerce website, sell at swap meets and other open-air markets, or sell through social media sites like Facebook Marketplace. While all of these options provide their own benefits, nothing offers quite as many as selling through online auction.

There are numerous reasons to sell through online auction. Let’s take a look at the top four.

Sell Quickly

No one can resist the thrill and excitement of online auctions. These auctions move fast and often end within one week. Selling through online auction is one of the fastest ways to sell your items.

Reach a Large Number Of People

Selling through online auction allows you to reach a large number of people in very little time. Because these auctions take place online, bidders can participate when it’s most convenient to them.

When you list your items with an established auction company, you get access to their regular bidders. This can be a significant number of people.

Set Your Own Terms

When you sell through online auction, you set the length of the auction and the starting bid of each item. You can also determine when and where winning bidders pick-up their items. Sometimes, the auction platform will allow you to drop off your items for pick-up at their warehouse.

Buyers Have Equal Opportunity

In-person auctions are extremely competitive. Bidders are required to be present at a specific place and time. This can make it difficult for people to participate. It’s also difficult to get information about when and where these auctions take place. It’s often a very small group of people that turn up for in-person auctions.

Targeted marketing allows resellers to reach a large number of people within a specific area. This ensures the right people know about the auction. Bidders can participate when and where it’s most convenient to them, increasing the chance of sales.

We Love Resellers!

At Lots Of Auctions, we have lots of experience working with resellers! Please click here to apply to sell. Once we receive your application, someone will be in touch to discuss the process.

 

Tips For Selling In Online Auctions

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Online auctions allow sellers to reach a large audience in a relatively short amount of time. While selling items through online auction isn’t difficult, it’s important that sellers take their time when creating auction listings.

Research

Not all items sell well online. Sellers must research what bidders are actually buying.

Research what you’re offering before creating your listing. Sometimes, sellers don’t realize the items they have are rare or worth a lot of money. Offering rare or hard to find items increases the chance the people will bid. Check other auction sites to see what’s popular and what these items sell for.

Title and Description

The title and description of an item is the first thing shoppers see when scrolling through an online auction. You’ll want to make a good impression. Use keywords in the title that shoppers may search for. Mention whether the item is rare, discontinued, or hard to find. Use the description to add interesting facts about the item.

While you want to make people excited about your item, it’s important to be honest when creating your listing. This helps prevent problems with returns later. It’s also important to provide the correct names for the items you’re offering. Providing accurate information increases the chance of bids and ensures buyers are comfortable bidding on your auctions in the future.

Photos

Every listing should include at least one image of the item. Use photos to show as much detail as possible. Make sure the photos are clear and taken in a well-lit space.

Choosing An Auction Company to Sell With

Even if you spend a lot of time researching your items and preparing your listings, it won’t do any good if people do not see your items. Working with a popular auction company significantly improves your chance of success.

Lots Of Auctions offers auctions daily in Denton and Dallas, Texas. Our auctions attract thousands of local bidders. Our online auction platform is easy to use and bidders can register for free on our website. If you’re interested in selling with Lots Of Auctions, please fill out an application to sell.

 

Increase Your Odds of Winning Online Auctions

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Online auctions provide a fun and convenient way to get the things you need for less. Participating in online auctions is easy, and many people enjoy the thrill of competing against other bidders. For people new to online auctions, winning might seem difficult, especially when there’s lots of competition. Fortunately, there are a few things bidders can do to increase their odds of winning.

Keep An Eye On The Auction

Most online auction platforms send some kind of notification when bidders get outbid. This might come as an email, text message, or both. Check your bid daily throughout the auction and make sure you’re present at the end of the auction when bids become more frequent.

Utilize the Maximum Bid Feature

Instead of manually increasing your bid, setting a “maximum bid” allows the system to continue bidding on your behalf. This feature allows bidders to walk away from the auction without fear of missing out.

Decide Your Maximum Bid

Many people get caught up in the excitement of bidding. It’s easy to overspend when competing for a high value item. For the best chance of success, set a maximum bid before participating in the auction. When deciding on your maximum bid, consider the actual value of the item. Setting your maximum bid just below the item’s value ensures you don’t overspend.

Pay Attention to Closing Times

Online Auctions close at different times throughout the day. Look for an auction that closes at a time when other bidders might not be available. For example, choose an auction that closes late at night or in the middle of the workday.

Make Sure You Can Pick-Up Your Items After the Auction

Many online auctions offer local pick-up after the auction closes. Before bidding, ensure you’ll be available to pick-up your items during the load out times provided. While this won’t help you win the auction, winning doesn’t do much good if you can’t get your items after the auction.

Online auctions provide an exciting opportunity for bidders. Although you probably won’t win every auction, having a well thought out bidding strategy can help improve your chance of success.

Why Resellers Love Our Auctions

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Each week, thousands of people participate in our online auctions. These auctions allow bidders to get what they need for less. Shopping through online auction provides a convenient, exciting, and affordable alternative to visiting the store. Because bidding takes place entirely online, bidders can participate when it’s convenient for them. Instead of visiting a physical location, bidders can participate on their cell phone, computer, or tablet.

Selling Through Online Auction

While most shoppers understand the unique benefits of shopping through online auction, resellers can benefit as well. Shopping through online auction allows resellers to get product at deeply discounted prices. Resellers can also sell their products through online auction.

Selling through online auction allows resellers to get their product in front of thousands of bidders. This is the fastest way to reach a lot of people in a short amount of time. Because bidding takes place online, bidders can participate both day and night. Many bidders find these auctions more convenient and exciting than visiting the store or an open-air market.

Choosing An Online Auction Platform to Work With

When selecting an online auction platform to offer your product, it’s important to locate an auction company with a large customer base and a large selection of products. Look for an auction company that offers items from several different categories. This helps ensure the greatest chance of success, especially if you plan to expand your offerings in the future.

It’s also important to locate an auction company that utilizes targeted marketing. This is the best way to reach your intended audience.

Texas Online Auctions

Lots Of Auctions offers online auctions in Texas and Missouri. We are always looking for new locations and opportunities to expand our offerings to our customers. When you sell with Lots Of Auctions, we work directly with you to ensure your product reaches the right audience. We utilize targeted marketing to ensure the greatest chance of success.

We have new online auctions starting every weekday. We offer a wide range of items from multiple categories. Each week, thousands of people participate in our auctions. Please contact us for more information about selling through our online auction platform.

 

Best Things to Buy Through Online Auction

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Online auctions provide an exciting and cost-effective alternative to visiting the store. People that participate in online auctions get quality merchandise at deeply discounted prices. Auction websites like Lots of Auctions offer a large selection of merchandise from multiple categories. While shopping through online auction can save bidders money on everything from pet supplies to estate sale furniture, bidders might want to consider buying the following things through online auction.

Contemporary Furniture

New homeowners and renters are often surprised by the high cost of home furniture and home décor items. Shopping for furniture through online auction allows consumers to get everything they need for less. Bidding starts well below MSRP value, and bidders have the opportunity to win high-end pieces at rock-bottom prices.

Office Supplies

Office supplies like printer ink and business appliances use up a large portion of a small business’s budget. Unfortunately, many of these expenses are recurring. In order to succeed, businesses need to find ways to save money on the things they need. Shopping for office supplies, office appliances, and office furniture through online auction allows business owners to spend less on these necessities.

Electronics

The price of electronics and electronic accessories goes up each year. As more people use and rely on electronic devices to communicate and complete tasks, demand for more features and functionality increases. Manufacturers have to continuously create new devices to keep up with demand. Unfortunately, this constant development comes at a high price for consumers.

Shopping for electronics and electronic accessories through online auction allows consumers to get the devices they need at a lower price.

Home Improvement Supplies

With home prices rising and inventory low, many people are choosing to fix up their existing property over buying a new home. Just like everything else, as more people purchase tools and home improvement supplies, the cost of these things goes up. At this rate, it won’t be long before fixing up your home will cost as much as moving.

Homeowners can get everything they need through online auction. Shopping for home improvement supplies through online auction is more convenient and cost-effective than going to the store. Bidders can get high quality products through online auction.

Exciting Online Auction Platform

Online auctions provide an exciting, convenient, and affordable way for homeowners and small business owners to get the things they need for less. Lots of Auctions offers a large selection of merchandise from multiple categories. Bidding starts low and bidders have the opportunity to get quality products at deeply discounted prices. Please click here to register to bid.

How to Sell Through Online Auction

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Many resellers choose to offer their products through online auctions. Online auctions allow resellers to reach a large number of people in a short amount of time. The popularity of online auctions makes them an excellent choice for resellers looking to increase their revenue. When done right, resellers stand to make a lot of money selling products through auction.

Sell What’s in Demand

Not all products sell well online. It’s important that resellers take some time to learn what their potential customers are actually buying. This might take some trial and error. Unique items, brand name products, electronics, and home furniture tend to sell very well online.

Ensure Accurate Listings

When listing products, it’s important that resellers provide accurate information about each item including the correct name and description for the product. Although some resellers provide lengthy descriptions for each item, it’s typically best to keep descriptions short. Resellers should include as much information in the title as possible. It’s also important to include high quality images that clearly show the product.

Partner with a Respected Online Auction Platform

Resellers have many options when it comes to where they list their products. Although large websites bring a lot of traffic, many resellers find it difficult to stand out above the competition. Thousands of resellers list on websites like eBay. It’s not uncommon for multiple resellers to offer the same product on these popular sites. Resellers that partner with a smaller auction company like Lots of Auctions increase the chance that visitors will see their products. This help increase sales and brand recognition with local consumers.

Texas Online Auction Platform

Lots of Auctions offers online auctions from a variety of categories. Because auctions take place entirely online, bidding occurs both day and night. Lots of Auctions utilizes targeted marketing to ensure the right message reaches the right people. Resellers that list with Lots of Auctions gain access to our large customer base of repeat bidders.

Applying to sell with Lots of Auctions is fast and easy. Click here for more information.

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.

Benefits of Selling in Online Auctions

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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.