Auctions Make Money!

An untapped online business resource--outside of your basic Yahoo and Ebay, among others--is setting up your own auction sales venue.

Since most families have items in their home that have outlived their usefulness, they can get started at online auctions for mere pennies.

And, most selling online at auctions does not have start-up or membership fees. There is a nominal fee per item listed and a percentage commission on each sale. Still, you come out ahead.

With this minimum investment, many are flocking to auction sites to gain additional income to get their families and selves through the seemingly ever present economic downturn.

Besides the low financial risk, individuals see auctions as one of the select few online vehicles where scams are not associated, or not as prevalent as with most online business opportunities. Plus, a majority have ongoing fees which you must absorb; auctions do not.

As with most home business opportunities, to be successful at online auctions also takes time to learn the ropes. Many auction sites do much of the work for you, providing standard formats for the sellers to insert data. Sites further assist in communications between buyer and seller as well as additional support.

Perhaps the toughest part is finding the right products to sell. Don't think for a moment that Uncle Charlies' false teeth in a jar that you've preciously held onto for years will fetch thousands of dollars, although nowadays you never know. Irregardless, with sites such as Ebay with over a thousand categories, that remedies that headache!

With over 30 years of media experience plus background in special events, fundraising, development, grant writing and administration plus Internet marketing, Walt Pfarr is now writing his own e-course, ebook and soon will publish the PfarrOut ezine newsletter. He and his wife, Joann, reside in Oklahoma and he may be reached at [email protected]

In The News:

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Wall Street Journal

Once-Worthless Radio Waves Get New Life in Spectrum Auction
Wall Street Journal
The Federal Communications Commission will begin the first of two auctions for extremely high-frequency spectrum licenses on Wednesday, raising cash from a type of radio wave once considered useless for wireless service. Recent technological advances ...
FCC launches first US high-band 5G spectrum auctionReuters
Federal Auction of 5G Airwaves Gets Off to a Slow Start. Here's Why (Updated)Fortune
FCC 28 GHz Band Auction Launching WednesdayMultichannel News
Broadcasting & Cable -FierceWireless -Engadget
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Forbes

Rare Stan Lee Collectibles Go Up For Auction Days After His Death
Forbes
A rare collection of works by comic book legend Stan Lee are going up for auction just days after his death. The items are part of the highly anticipated Icons & Idols: Hollywood event coordinated by Julien's Auctions, the world-record breaking auction ...
A Collection of Stan Lee's Works Hits AuctionBarron's

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CNBC

Bidding is on for the most expensive home ever to hit the auction block
CNBC
Real estate auctions, once used for foreclosures and distressed sellers, is moving upmarket. The number of multimillion-dollar homes being sold at auction has nearly doubled in the past year, according to real estate analysts and auction companies.


CNET

FCC kicks off 5G spectrum auction to help make hype reality
CNET
Then in 2019, the agency plans to conduct auctions in three other spectrum bands. Altogether, it'll make for a huge amount of 5G wireless capability being opened up to commercial use by the end of next year -- "more spectrum than is currently used for ...
5G Spectrum Auction Set to Begin with 40 Bidders Lined Up, But No Verizon or SprintTelecompetitor (blog)

all 12 news articles »

WWD

Sotheby's Geneva Auctions Marie-Antoinette's Jewels
WWD
The Bourbon-Parma family who are descendants of Louis XIV, the Holy Roman Emperors and Pope Paul III, will be putting up 10 of the Queen of France's jewels up for sale, at a Sotheby's auction taking place in Geneva on Nov. 14. These include Marie ...
Marie Antoinette pearl auctioned for record $36mBBC News
Marie Antoinette's jewels up for auction in GenevaFRANCE 24
Marie Antoinette's pendant sells for £25m in jewellery auctionSky News
Sotheby's
all 513 news articles »

Robb Report

Academy of Art University Auctions 45 of Its Cars
Robb Report
Stephens' daughter, Elisa (the school's current president), is selling a small portion of the collection during Mecum Auctions' Las Vegas sale, to be held November 15 through 17. Proceeds from the auction of these cars—which carry estimates ranging ...


Above the Law

Dispossessed After Death: The Disposition Of Tangible Personal Property, Auctions, And Estate Sales
Above the Law
In addition to the disposition of real estate, financial accounts, and royalties, a last will and testament also disposes of one's tangible personal property, or plainly said, one's things. These items are as large as cars and boats, as valuable as art ...


The most expensive home ever sold at auction comes onto the block this week
CNBC
The glut of hyper-priced mansions and luxury properties sitting on the market across the country has led sellers to turn to an unlikely solution: auctions. Real-estate auctions, once used for foreclosures and distressed sellers, is now moving upmarket.


Reuters

German officials sound China alarm as 5G auctions loom
Reuters
BERLIN (Reuters) - Senior German officials are planning a last-ditch drive to convince the government to consider excluding Chinese firms such as Huawei from building the country's 5G infrastructure amid concerns this could compromise national security.
Espionage fears dog China's biggest smartphone makers - News.com.auNews.com.au
Trump to copy Australia's 5G ban on Chinese telcosThe Australian

all 89 news articles »

Construction Equipment Guide

bidadoo Auctions Appoints Gary Green Midwest Regional Manager
Construction Equipment Guide
bidadoo, an online industrial auction company with service centers across North America, has appointed Gary Green sales manager for the Midwest region. Green will grow bidadoo's market presence in and around Indiana by developing strong customer and ...

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