Online Auctions and Liquidations

online auctions

Got Questions About Our Online Auctions? We’ve Got Answers!

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Read on for answers to common questions about our online auctions:

How Do I Participate?

Before bidding, you will need to register to bid on our website. Registering to bid is free. Bidders pay nothing unless they win the auction. Once registered, you can view our online auctions on our website. Pick the location and category from the menu at the top of the screen. Click “Bid Now” to view all items in an auction. When you find something you like, you can choose to place a one-time bid or a maximum bid. The maximum bid option allows the system to bid on your behalf up to the amount entered.

Where/When Do I Pick-Up My Item(s)?

Check the online auction for the load out times and pick-up location. In most cases, winning bidders have one week to pick-up their items.

Can I Pick-Up My Item(s) After The Listed Date(s)?

We understand that things happen and you may not be able to make it to the location to pick-up your items on time. Please contact us before the final pick-up date to let us know you will be running late. Although we can usually accommodate your request to hold your items, this might not be possible in every situation. Failing to notify us before the final pick-up date might result in items being put back up for auction.

Do You Ship?

Please read the terms and conditions on each auction carefully. If you are unsure whether shipping is available for your item, please contact us before bidding.

Can I Buy It Now?

While some auction platforms offer the option to “buy it now”, this isn’t typical of most online auctions. All of our auctions are concluded after a countdown or timer has expired.

When Do More Auctions Start?

At Lots Of Auctions, we have new auctions starting every weekday. Auctions close every day. This provides an opportunity for bidders to win every day of the week!

Still have questions about our online auctions? View our FAQ by clicking here. Please click here to register to bid. Good luck and happy bidding!

 

 

 

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.

 

Avoid the Winner’s Curse

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It can be extremely difficult to determine the exact value of items in an online auction. Known as the Winner’s Curse, the fear of overspending on an item often keeps people from participating at all. Unfortunately, these potential bidders miss out on some pretty incredible deals.

Avoiding the Winner’s Curse isn’t as difficult as it seems. Although it’s not always possible to know the exact value of an item before bidding, there are some things you can do to ensure you don’t overspend.

Determine the “Common Value” Versus “Private Value” of An Item

Common value is the market value of an item. This might be the item’s MSRP or resale value. Private value is the perceived value of an item. While common value is the same for all bidders, private value varies from one bidder to the next.

For example, a collector looking for a certain piece will place a higher value on that item. This is especially true for hard to find and discontinued items. The collector may determine that the piece they want is “priceless”. Other bidders might not feel the same way. For the collector, the perceived value of the item is higher, making it more valuable to them..

When an item has a high private value, the Winner’s Curse is not a problem. Simply decide what you’re willing to pay to get what you want. This will likely be much higher than other bidders.

For common value items, consider how you would feel if you won the item for what you bid. Would you feel that you overspent? Set a specific budget for each common value item and stick to it. Don’t increase your maximum bid on any item, even if you get outbid.

What If The Item Doesn’t Meet Your Expectations?

Sometimes, despite your best efforts, you may purchase something that doesn’t meet your expectations. The item may be broken or missing parts. Make sure you shop with an online auction company that accepts returns.

Lots Of Auctions offers online auctions in Denton & Dallas, Texas. Auctions take place daily and bidders can choose from a variety of items and categories. Click here to register to bid!

 

 

Shop Our Online Auctions for Scary Good Deals This Fall!

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Autumn has officially arrived! This time of year brings cool evenings and falling leaves. It can also bring lots of extra expenses. From back-to-school shopping to preparing for the upcoming holiday season, many people find it difficult to stick to a budget during the fall. Fortunately, there are a few things you can do to save money this season.

Cook Seasonal Meals At Home

The average American dines out 5.9 times per week and spends around $3,500 on eating out every year, or around $300 per month. Save money this fall by preparing fresh meals at home. When shopping, take advantage of seasonal produce like squash, apples, and root vegetables. These hearty ingredients are readily available this time of year.

Tight on time? Consider making hearty soups and chilis and freezing portions for later. Utilize slow cookers, air fryers, and dehydrators to simplify cooking and reduce the amount of time spent in the kitchen.

Take Advantage of Fall Sales

Take advantage of back-to-school deals, Halloween sales, Black Friday sales, and Small Business Saturday for the best fall savings. In addition to these popular sales, many businesses offer autumn deals throughout the fall.

Shop Online Auctions For The Best Deals

Shopping through online auction allows you to save on just about everything you need. These auctions often feature a large selection of home goods, electronics, pet supplies, office supplies, furniture, and more.

When choosing an online auction platform, look for an auction company that offers a variety of items. Look for low starting bids. This will allow you to get what you need at deeply discounted prices. It’s also important to make sure you can register to bid for free.

Plan For Holiday Shopping Now

Planning your holiday shopping list early can help ensure you stay within your budget. Consider making a list of all of your gift recipients, gift ideas, and actual gifts purchased. Include a maximum budget for each gift. This helps prevent duplicates and ensures you don’t forget anyone or overspend on gifts.

Lots Of Auctions Has What You Need This Fall!

When shopping this fall, check out our online auctions for savings on everything you need. We offer a variety of gifts, kitchen supplies, and more. Bidding starts at ONLY $5.00!

Please click here for more information about our online auctions.

Start Getting Ready For The Holidays Now

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It’s officially Autumn and people everywhere are starting to think about the upcoming holiday season. If you haven’t started making plans, you might want to start now. Preparing early reduces stress during what is often the busiest time of year.

Plan Your Holiday Table

Thanksgiving will be here before we know it. Now is the perfect time to start planning your holiday table. Consider stocking up on décor, dishes, glassware, and kitchen appliances. Think about what you want to serve, how many guests you plan to have, and what you’ll need to replace before Thanksgiving Day. Many of these things will sell out the week before Thanksgiving. Shopping now ensures you’re well prepared.

Prepare Your Home For Guests

If you plan to have family or friends visit during the holidays, you might want to get new furniture, bedding, and towels before they arrive. These are the kinds of things people often forget to pick-up when things become chaotic during the holiday season.

Shop for Gifts

It’s not clear whether product shortages will be an issue this Christmas. Consider getting your Christmas shopping done now before the shops sell out. Shopping early also allows you to find the best deals. Many items go up in price around the holidays.

At Lots Of Auctions, we offer a variety of gifts including popular toys, home goods, kitchen appliances, and more. Bidding starts at $5.00 for most items.

Shop Our Online Auctions For Everything You Need

You have many choices when it comes to deciding where to shop. Shopping through our online auction provides an exciting, convenient, and cost-effective alternative to visiting the store. After registering to bid, bidders can browse through hundreds of items on our website. Bidders only pay for the auctions they win.

Lots Of Auctions offers online auctions in Denton, Dallas, and Fort Worth, Texas. Bidding starts low and bidders can participate from their smart phone, tablet, or computer. Once the auction closes, winning bidders can pick-up their items close to home.

Please visit our FAQ if you’re interested in learning more about our online auctions. You can register to bid by clicking here.

Look to Local Online Auctions For Kitchen Appliances

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Many people don’t like shopping for kitchen appliances. Department stores often have a large selection. With so many choices, it can be hard to know which version is best. People looking to save money while trying out different gadgets, could benefit from shopping through online auction.

Online auctions often include name brand products. Bidding starts low and bidders can typically get several items for less than they would pay for one full price appliance at their local department store.

Shopping local online auctions provides an even more convenient way to shop. While bidding takes place entirely online, winning bidders can pick-up their items right after the auction closes. This eliminates issues like shipping delays and lost packages.

When looking for an online auction platform to buy from, it’s important to look for a company that offers a wide range of products. While you may be shopping for kitchen appliances now, your needs may change in the future. It’s good to know you have options when shopping.

Although people buy a wide range of items from online auctions, the following are the most popular kitchen appliances offered through our online auctions.

Air Fryers

Air fryers mimic the results of conventional fryers, without the excess oil. The air fryer works like a super charged convection oven. Nearly 40% of all households have one of these popular appliances. If you don’t have one yet, you’re missing out.

Lots Of Auctions offers a variety of air fryers in our Kitchen Accessories Auction. Bidding starts low and bidders can get these popular appliances well below their MSRP value.

Coffee/Espresso Makers

Coffee makers have become extremely popular over the past few years. It makes sense when you consider how much most people spend at their local coffee shop. Home coffee makers and espresso machines allow you to make fancy drinks without leaving your house.

Countertop Ice Makers

Another popular appliance, countertop ice makers provide endless supplies of ice without the high cost or maintenance of expensive, full-size equipment. Many people enjoy the convenience of these small appliances.

Shop Our Online Auctions

Lots Of Auctions offers a large variety of kitchenware and kitchen appliances. Bidding starts at just $5.00 for most items. Please click here for more information about our Texas auctions.

Make Money From Home – Sell Through Online Auction

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By now, we’ve all heard of the benefits of working from home. Working from home saves time and money, decreases work-life conflict, and boosts productivity. Unfortunately, it’s not that easy to find ways to make money from home. This is especially true now as many employers are moving operations back to the office.

Selling Through Online Auction

Reselling is one of the most popular ways to make money from home. Although many resellers choose to offer products through an online shop, selling through online auction may ensure the best chance of success.

Using an online auction website to make money is easy and fun. Resellers can apply and begin selling quickly. Once approved, resellers simply list their products, set the starting bid and the end time of the auction and watch the bids roll in.

Choosing An Online Auction Platform

Savvy resellers know they need to reach a large number of people to make a good amount of money. It’s important to look for an online auction platform with lots of returning bidders. It’s also important to look for a platform that offers a wide range of products. Bidders coming to look for a specific item may want to see what else there is available. The more bidders visiting the site, the greater the chance of a sale.

Create Product Listings

The listing is the first thing bidders see when they look at an auction online. Sellers should use keywords and detailed descriptions. It’s also important to ensure the images used accurately represent the item. Adding multiple high-quality images from different angles increases the chance of bids.

Avoid Shipping Charges

Dealing with shipping can be a major headache. Many resellers avoid shipping by offering local pick-up after the auction closes. Winning bidders simply pick-up their items at the location and times listed on the auction. Most resellers find this option more convenient and cost-effective than packaging and shipping items.

Ready to give it a try? It’s easy to apply to sell with Lots Of Auctions. Our online auctions attract thousands of bidders each week.

 

Why Are Online Auctions So Popular?

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The internet is changing the way that people buy and sell. Many things that people used to buy in person can now be bought more easily online. Visiting a website is much more convenient than visiting a retail store. The internet is open around the clock and local pick-up allows consumers to avoid crowded shops and rising shipping charges.

The recent increase in online shopping has led to an increase in online auctions. These auctions allow consumers to get the same things they would buy from other businesses at a fraction of the cost. Bidding in online auctions has become extremely popular in recent years.

Online Auctions Are Exciting

It’s easy to get caught up in the thrill of online auctions. This is especially true when bidding on popular or hard-to-find items. Bidding typically starts low and bidders must compete against each other to get the best price.

Many online auction companies allow bidders to enter a maximum bid in the system. Once entered, the system automatically continues bidding until the maximum amount is reached. This type of system is much more convenient than manually placing each bid. It also helps ensure bidders do not overspend.

Shop When You’re Ready, From Any Location In The World

Unlike retail stores and in-person auctions, bidders in online auctions can participate when and where it’s most convenient for them. Bidders can place bids quickly and easily from their smart phone or other device.

Find Hard To Find And Discontinued Items

Online auctions often include hard to find and discontinued items. Sometimes the only way to get these things is by buying them through online auction. Because bidding starts low, bidders can usually get a great price. While certain items can and do sell for high prices, this isn’t very common. Most items sell for below their MSRP value.

Lots Of Auctions offers online auctions in Dallas, Denton, and Fort Worth, Texas. We have new online auctions starting daily and bidders can choose from hundreds of items. Bidding starts at just $5 for most items. Please click here to learn more about our auctions.

 

Benefits of Online Auctions for Buyers and Sellers

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More businesses move online each day. Shopping online is fast, easy, and more convenient than visiting the store. Online resellers have the opportunity to reach a large audience in very little time. When it comes to buying and selling online, there’s nothing quite like online auctions. These auctions provide an exciting way to shop.

Online Auctions Level the Playing Field

It’s not uncommon for shoppers to shy away from buying online if they think the value indicted isn’t realistic for the item. Online auctions remove this barrier. Because bidding starts low, all bidders go into the auction confident in an item’s value. This confidence is boosted when other bidders show interest in the same item.

Attract the Right Buyers

Online auctions tend to attract serious buyers. Most of the time, bidders have researched the item before the auction. They know what they want and what they’re willing to pay for it.

Lots of Options

For sellers, online auctions provide a hassle-free way to sell a wide range of items. For buyers, online auctions provide a convenient and fun way to shop. Almost anything is just a few clicks away.

Sellers can offer pretty much anything through online auction. Because these auctions take place online, finding a buyer is easy.

Bid When You’re Free

Unlike in-person auctions which require bidders to be present at a specific time and place, online auctions take place entirely online both day and night. This makes it possible for shoppers to participate when and where it’s convenient for them.

Repeat Sellers and Buyers

There’s noting like the thrill of participating in online auctions. Once a bidder gets an item for well below market value, it’s almost guaranteed they’ll come back to see what else they can win. For sellers, the smooth and hassle-free nature of online auctions is often enough to make them list their items again.

Online auctions provide numerous benefits to buyers and sellers. In addition to convenience and potential cost-savings, online auctions offer an exciting way to shop. If you’re ready to give it a try, you can register to bid by clicking here. Sellers can apply to sell on our online auction platform here.

How Long Do Online Auctions Last?

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Shoppers unfamiliar with online auctions often have questions about how these types of auctions progress. Many people believe online auctions last only one or two days. Occasionally, we run into people that think they have a full month to place their bids. The actual length of time an online auction lasts can vary from one website to the next. Sometimes, the length of time is different on each auction listed on a website.

In-Person vs. Online Auction

Live auctions work a little different than online auctions. Typically, a live or in-person auction lasts between twenty seconds and two minutes. Of course, bidders must wait at the auction house until their items go up for auction. This can take several hours.

With online auctions, bidders can typically bid on all available items immediately after the auction starts. It is for this reason that many people find online auctions more convenient than in-person auctions. Bidding takes place both day and night and bidders can participate from their smart phone or computer.

Online Auctions

Online auctions can last between a couple of minutes to a week or more. Most timed auctions last about a week. Although bidding can take place throughout the entire auction, most bidding takes place at the beginning and end of the auction. Online live auctions last until active bidding has stopped. These auctions are a lot like in-person auctions. They can move quickly or last for several hours.

How It Works

Lots of Auctions offers timed auctions in Denton, Dallas, and Fort Worth, Texas. Most of our auctions last six days. During this time, bidders can place as many bids as they like.

After registering to bid, bidders have the option to place a one-time bid or a maximum bid. The maximum bid option allows bidders to walk away from the auction. When a high bid is entered, the system continues bidding on the bidder’s behalf up until the entered amount. Once the bidder gets outbid, the system notifies them via email or other method. At this time, the bidder can choose to increase their maximum bid or walk away from the auction. Many people find entering a maximum bid more convenient than manually entering each bid.

Online auctions provide an exciting, affordable, and convenient way for shoppers to get the things they want and need. Click here for information about our online auctions.