Online Auctions and Liquidations

Texas auction

Set Yourself Up For Success When Bidding In Online Auctions

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Online auctions have become extremely popular in recent years. This is for good reason, as bidders can get everything that they need at a fraction of the cost available in stores. Bidding takes place entirely online, and these auctions last about a week. Although all bidders stand an equal chance of winning an online auction, there are a few things you can do to ensure a great auction experience.

Read the Terms and Conditions

Before bidding, make sure you understand the terms and conditions of the auction. Many online auction companies require you to pick-up your items at a certain time and place. It’s important to make sure you can make it to the pick-up location. It’s also important to check the payment terms and check whether you can return the item if it doesn’t meet your expectations.

Research the Items You Like

If you find something you like, look it up on another website to see how much it’s worth and what other people are saying about it. The retail price of the item can help you determine how much you’re willing to spend. Reading reviews helps you decide whether the item is worth bidding on.

Set A Budget

It’s easy to get caught up in the thrill of bidding. Unfortunately, this can quickly lead to overspending on an item. Set a budget before placing your first bid. Decide how much you’re willing to spend and don’t cross this number. Many online auction platforms allow you to enter a maximum bid. This is the easiest way to ensure you don’t spend more than planned on any item.

Keep An Eye On The Deadline

All online auctions will have a date and time that the auction starts closing. If the auction company uses a popcorn bidding system, the actually closing time of the auction can change. This type of system extends the end time every time a bidder places a new bid. This helps ensure everyone gets their final bids in before the auction ends.

Most bidding takes place during the last few hours of an online auction. You’ll want to keep an eye on what you want during this time.

Final Thoughts

Online auctions provide an exciting and convenient way to get what you want and need for less. Learning as much as you can about the way these auctions work can help ensure the best chance of success. Please click here to learn about our 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!

 

 

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.

Online Auctions VS. On-Site Auctions – Which Is Better?

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Shopping through auction is an exciting experience. Many bidders enjoy the thrill of competing against other bidders. Participants in online auctions can often get hard-to-find and rare items through auction. This increases appeal for collectors.

While on-site auctions take place at a physical location, online auctions take place entirely online.

On-Site Auctions

Many people enjoy visiting on-site auctions. During an on-site auction, bidders compete face to face. While this provides an exciting experience, it’s also easy to get caught in a bidding frenzy. This can lead to overspending and buyer’s remorse.

In order to participate in on-site auctions, bidders must be present at the time and place of the auction. It can take hours for these types of auctions to end.

Online Auctions

Online auctions allow bidders to participate from the comfort of their home. Because these auctions take place online, bidding takes place both day and night. There are numerous benefits to shopping online auctions. In addition to convenience, bidders can set a maximum bid on individual items. This helps prevent overspending. However, it’s important that bidders take care not to increase their maximum bid too often.

Many people worry that they will have to wait for their items to ship after the auction closes. While this is true with some of the larger platforms, several online auction companies allow pick-up after the auction closes. Before participating, bidders should make sure they understand how to get the items they win.

Deciding Which Type of Auction Is Best For You

The type of auction you choose will depend on several factors. Some people simply aren’t comfortable shopping online. These people may benefit from visiting on-site auctions instead. Locating an online auction company that accepts returns can help shoppers feel more comfortable bidding on items online.

Online Auctions in Texas

Lots Of Auctions offers online auctions in Denton and Dallas, Texas. Our online auctions take place daily and bidders can choose from a variety of categories and hundreds of items. Bidder registration is totally free and winning bidders can pick-up their items immediately after the auction closes.

Please visit our FAQ for more information about our auctions.

 

 

Online Bidding Explained

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Each week, thousands of Texas residents shop our online auctions for the things they want and need. Online auctions provide a convenient, exciting, and affordable way to purchase a variety of home goods, appliances, electronics, toys, and more. Bidding takes place entirely online, allowing bidders to participate when and where it’s most convenient to them.

If you’ve ever wondered how online auctions work, you’re not alone. Many people are unfamiliar with bidding online. Unfortunately, these people are missing out. Participants in online auctions often get name brand items at deeply discounted prices. Shopping through online auction is also more fun than visiting the store.

Registering To Bid

Before participating in online auctions, bidders must register with the online auction platform. Many online auction companies offer free registration.

Viewing Auctions

Online auction companies may offer auctions in several different locations. It’s important that bidders ensure they are able to pick-up their items after the auction closes. Search the auction website by location to view the auction details.

Placing Bids

Once you locate an item you’d like to bid on, you can choose to place a one-time bid or a maximum bid. Entering a maximum bid allows the platform to bid on your behalf. This is the most convenient way to bid in online auctions. It also helps ensure you do not overspend. Bidding amount increases by the bid increment listed on each auction. Winning bidders will not need to pay their highest bid amount unless bidding reaches that amount.

Paying For The Items You Win

Although auction platform terms may vary, typically full payment is due before receiving your items. Many online auction companies automatically charge the credit card provided at registration when bidders win the auction.

Picking-Up Your Items

Pick-up occurs at the location listed on each auction. Before bidding, make sure you will be available to pick-up during the load out times. Bring your invoice or payment confirmation with you to the pick-up location.

Final Thoughts

Online auctions allow shoppers to get what they need for less. Registration is easy and bidders pay nothing unless they win the auction.

Please click here for more information about our auctions.

Tips to Help You Win Online Auctions

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Online auctions provide an exciting shopping opportunity for bidders. This type of shopping is unlike any other, and new bidders are often surprised how fast the process moves. While many auctions last several days, most of the bidding takes place at the end of the auction.

It can be hard to figure how much to bid when getting started. It’s important to develop a bidding strategy before participating in any online auctions. The tips below may help.

Figure Out Your Maximum Bid Before Bidding

Before placing your first bid, it’s important to decide what you’re willing to spend on each item. When choosing your maximum bid, it shouldn’t exceed the value of the item.

Stay Calm While Bidding

Online auctions happen quickly. It’s easy to get swept up in the excitement and thrill of bidding. Unfortunately, this can lead to overspending. This is why it’s so important to decide on a maximum bid before starting.

Watch Items Closely – Especially Near the End of the Auction

Before bidding, make sure you’ll be available at the closing time of the auction. This helps ensure you get your final bids in. Keep in mind that many auction platforms utilize a popcorn bidding system. This means the auction end time extends each time someone bids in the last few minutes of the auction. Be prepared to watch the auction for about two hours after the closing time. This ensures the greatest chance of success.

Utilize Maximum Bid Features

Many auction companies offer a “Maximum Bid” option on each item. Once entered, the system automatically places bids on behalf of the bidder. This is the easiest way to ensure you don’t overspend or miss out at the end of the auction.

Wait Until the End of the Auction to Bid

Many successful bidders do not place any bids until the end of the auction. This strategy prevents other bidders from knowing early on what you’re interested in.

Final Thoughts

Online auctions provide a fun and exciting way to shop. However, it’s important to develop your bidding strategy before placing any bids. This helps ensure the greatest chance of success.

 

The Excitement of Online Auctions

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Most people consider themselves reasonable and not easily caught up in gambling situations. Yet all that seems to go out the window when participating in online auctions. There’s nothing quite like the thrill and excitement that takes over as the clock ticks down and you compete with other bidders to get what you want.  Unlike other types of gambling, winning bidders end up with quality products at a fraction of their regular price.

Benefits of Online Auctions

Online auctions provide an exciting way for shoppers to get the things they want and need for less. Bidding typically starts low, and bidders only have to commit to what they can afford. These amounts are typically much lower than retail value. This is part of the draw of these kinds of auctions.

Bidding online is much more convenient than in-person auctions. Instead of being present at a specific time and place, bidders can log-in from their smart phone or other device to place bids. Bidding takes place both day and night, allowing the bidder to participate when it’s most convenient to them. Many bidders place bids during their lunch break or after work.

Although bidders are encouraged to remain online at the end of the auction, this isn’t required. The auction platform sends email alerts to the bidder each time they get outbid. This helps ensure everyone gets a fair chance to bid on the items they want.

Not All Auction Platforms Are Created Equal

When choosing an auction platform, it’s important to look for an auction company that offers a large selection of items. It’s also important to look for a company close to your home or office. Many online auction platforms require you to pick-up your winnings after the auction closes. This saves money and avoids issues with shipping delays.

Make sure the auction company offers returns. This helps ensure you don’t end up with something that doesn’t work.

Online Auctions Done Right

Lots Of Auctions offers online auctions with convenient pick-up in Denton, Dallas, and Haltom, Texas and Cape Girardeau, Missouri. Bidders can register for free and place as many bids as they like. Bidders only pay for the auctions they win.

For more information about our online auctions, please visit our FAQ.

 

 

Best Ways to Buy Home Goods in 2022

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A lot has changed over the past two years. From the way people interact to the way consumers shop, it seems like everything is a little different nowadays. When it comes to shopping, product shortages and shipping delays have made it extremely difficult for consumers to get the things they want and need.

Ecommerce Stores

While shopping online provided an excellent option in the past, this isn’t always the case anymore. Many products remain unavailable and consumers are often frustrated to find their order has been cancelled. Even orders that go through can take weeks to arrive. It’s clear that consumers need a better way to shop.

Retail Stores

Visiting your local big box or department store might end in frustration as well. These stores are often crowded and its not uncommon to find many popular products sold out. Consumers may end up visiting several different stores in an effort to find what they need. This wastes a considerable amount of time and money.

Online Auction

Shopping through online auction has become extremely popular over the past few years. These auctions allow shoppers to get exactly what they need at a lower cost than possible in-store. Choosing a local auction company ensures consumers get their items fast, without having to deal with additional shipping costs or delays. Winning bidders can simply pick-up their items after the auction closes.

Shopping for Home Goods Through Online Auction

Online auction platforms like Lots Of Auctions include a large selection of home goods and appliances. Bidding starts at just $5 and winning bidders can pick-up their items immediately after the auction closes. These auctions save time, money, and issues associated with product shortages and shipping delays.

The items offered through Lots Of Auctions include customer returns, overstock, and out of season merchandise. The home goods available include name brand products, many in their original packaging. Bidding takes place entirely online, allowing bidders to participate when it’s convenient to them. Bidders can place as many bids as they want – they pay nothing unless they win the auction.

Interested in giving it a try? Click here to register to bid.