E-commerce Online Auction: Get the Best Deals!

eBay is one of the oldest auction sites online with 142 million active buyers worldwide. The website
offers different varieties of items including collectibles and art, electronics, fashion, real estate,
sporting goods, and baby essentials among others. Buyers can bid or buy instantly, and sellers can use eBay to get rid of unwanted items.
eBay allows users to list 25 products for free, and then pay $0.35 per listing.

2. Etsy

Etsy is an online auction site for arts and crafts. It offers items like art, Jewelry, house products, and more. To get started with Etsy, you simply need to create your unique username and select an online shop that you’ll use to sell your products.
Every product you list on Etsy will cost you $0.20. One advantage of Etsy is that it allows you to set the prices for your products. Buyers also need to register with an email address and a password to start buying.

3. eCrater

Although eCrater is an e-commerce website, they allow users to hold online auctions. One advantage of eCrater is that sellers can import eBay and Google Shopping products into eCrater, giving it a wide range of items users can select from. You don’t need to register to buy an item. Buyers can add items to their cart and proceed to checkout. Note that eCrater does not offer buyer protection, so buyers are responsible for their transactions.

4. Listia

Listia is an online auction site where users use credits to bid instead of cash. Credit is offered to users based on referrals or by selling their items. For example, a user displays an item they don’t want anymore on the site and other users bid on that item with credits they earn from referring friends or selling an item. The user who bids the most credits wins the item while the person that sold the item earns credit for the item sold. This auction site is like a trading system, but since not all items are equal in value, you’re given credits to use for other trades.

5. Copart

Copart is an online auction store that deals in automobiles. Users can buy vehicles or their parts online and have the vehicle shipped to them. Many of its listings don’t require you to have a dealer’s license to purchase, which means ordinary buyers can bid on a vehicle.
There are more than 175,000 vehicles on Copart operating in 11 countries. This is a good site for
automobile auction for individuals, businesses, or dealers who wants to buy and sell used and wholesale cars.

To bid on the site, a basic member must deposit 10% of the desired bid amount and premium members must deposit just $400.

Conclusion

Investing in the online auctioning business can be of tremendous benefit for both the buyers and the sellers. They are incredibly popular and easy to set up as users don’t have to worry about things like location or overhead costs. So if you want to get started on an online auction, now is the time. With the above guide, your e-commerce online auction business should start thriving in no time.

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Ayo Oyedotun is a professional blogger and freelance writer. He reads, writes and talks about business. You can follow him on Twitter @Ayo_Oyedotun[http://twitter.com/#!/Ayo_Oyedotun] or read Business Owners’ Bible[http://woculus.com/].