Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
Online Auctions: The New Way of Shopping for Mauritians > NetSparsh - Viral Content you Love & Share

Online Auctions: The New Way of Shopping for Mauritians

Since their introduction several years ago, online auctions, such as eBay, have been one of the hottest destinations on the World Wide Web. Auction sellers are attracted by the prospect of a broad venue for their products and the possibility of high profits. Bidders on online auction sites are drawn to the unique shopping opportunities and potential to purchase hard-to-find items at low prices.

One such website in Mauritius is www.mauritiantrader.com . As an online marketplace, MauritianTrader offers a window of opportunities to businesses and individuals by allowing them to buy and sell almost anything online. It even gives buyers the opportunity to request a specific item from sellers (reverse auction). Items sold can be new or used ones and they cover all categories from electronics, fashion items, books, cars, antiques, furniture etc.

What makes online auctions so attractive to businesses is the number of people bidding against each other. It provides an instant audience that secures the seller the best price. As for the buyer, the speed, simplicity and variety of goods on offer can vastly speed up procurement.

Benefits of buying on auction websites

Bidding for products has advantages over traditional purchasing for both buyer and supplier. Businesses save time spent on procurement by finding, comparing, ordering and paying for products in one sitting. Repeat orders can also usually be made quickly and cheaply. Experienced bidders save time by using software to keep track of several auctions at once, setting up automated searches and bid alerts.

Many businesses use online auctions for buying items that are non-critical to their business such as office furniture, or to track down specialist equipment, that can be picked up second-hand at a keener price.

As for individuals, the convenience of sitting at home and shop for something is thrilling. Just a few clicks and you can find what you are looking for at great prices in a matter of seconds.

Benefits of selling on auction websites

Businesses selling products or services at an online auction are likely to see reduced marketing costs, as they are tapping into a ready-made community of buyers at a well-established auction. Moreover, they get access to a much wider market ? small suppliers gain a worldwide audience.

Many companies find selling at auctions gives them useful feedback on their products and services ? they treat it as an opportunity to test products and gauge value. Another key benefit is being able to offload excess stock quickly and cheaply. It can also help cut out the middle man.

Some individuals go for auction websites simply because they want to make some extra money. So, they buy products on sale and sell them at a slightly higher price but lower than the regular market price. Other people may just want to clear up clutter around the house by selling second hand items or even may want to start their own business by advertise their products online.

Mauritians have been lagging behind on online trading mainly because there was no local auction website in the past. Moreover Mauritians still hold on to their traditional ways of doing business. They feel the need to see-touch-feel a product before buying. However, with a local website like MauritianTrader, where users are mostly Mauritians, they can arrange to meet and view the item before making any payment.

Mauritians may feel skeptical at first to adopt this new way of doing business. Just like millions of people around the world buying and selling online, Mauritians will quickly realise the benefits they would derive from online trading. The uncertainty of a buyer's or seller's reliability may be another cause for not choosing online auctions. However, like eBay, MauritianTrader has a feedback feature. The buyer/seller gets a feedback at the end of each transaction. The more transactions, the more feedback and therefore the more a buyer/seller's "reputation" can be evaluated accurately.

It is high time Mauritians make use of this service, especially small businesses that do not necessarily have the powerful tools for effective marketing. Not only will they be selling to Mauritians but also obtain global exposure. Mauritius should make the next step and catch up with the latest methods of doing business effectively.

http://www.mauritiantrader.com

Z.Khan Economic Analyst

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Livestock auctions
Cadillac News
Clare County Livestock Auction, LLC. Sale every Monday at 3 p.m.. Sept. 17 results: advertisement. Choice colored steers, $95 to $111; choice colored heifers, $90 to $107; good colored steers and heifers, $80 to $100; choice Holstein steers, $70 to ...

and more »

The Packer

Massive fruit processing equipment auction scheduled
The Packer
Fruit processing and packaging equipment at a former Seneca Foods facility in Modesto, Calif., will be sold during a series of online auctions. The facility, used for packaging and warehousing the company's peach and fruit cocktail products, was closed ...


Art Newspaper

Red tape is stifling German auctions
Art Newspaper
German auction houses are struggling with increased bureaucracy and a shortage of high-quality consignments after the introduction of the country's cultural heritage protection law in 2016 by the culture minister Monica Gruetters. Some have even ...


Business Insider

Comcast, Fox to Settle $35 Billion Takeover Battle for Sky in Weekend Auction
Wall Street Journal
The U.K. Takeover Panel, which polices deal making in the country, laid out rules for the auction on Thursday. It is a process the regulator hasn't run many times previously—and never before with such a large company as the prize. London-listed Sky ...
'The market is betting on a bidding war': The fight for Sky is likely to come down to a rare sealed auctionBusiness Insider
Fox, Comcast $35 billion takeover battle for Sky heads for one-day auctionCNBC
Comcast, Fox takeover battle for Sky to be decided by weekend auctionUSA TODAY
Reuters -MarketWatch -Bloomberg
all 868 news articles »

The Independent

Game Theory Part of the Art of the Sky Deal
Wall Street Journal
Blind-auction strategy is complex, as each side tries to figure out how much it needs to pay to win while trying to avoid overspending. It has fostered a cottage industry of auction consultants, many of whom hold doctorates in game theory, a branch of ...
Auction for Sky kicks off as Comcast and Fox battle it out to take over broadcasterThe Independent
Fox and Comcast are about to settle their $36 billion battle for Sky — here's what to expectCNBC
CNNMoney: Markets Now - List-manage.comList-manage.com

all 249 news articles »

Market Realist

Sprint's Plans before US Spectrum Auctions
Market Realist
The FCC (Federal Communications Commission) is planning to run two spectrum auctions beginning in November. The spectrum is anticipated to help mobile operators accelerate the development of 5G (fifth-generation) networks. During the Goldman Sachs ...

and more »

South China Morning Post

Halt Hong Kong auctions ahead of laws on e-waste
South China Morning Post
Auctions have long been used by the government to get rid of confiscated items, surplus inventories and unwanted office appliances, and for good reason. Not only are they a convenient way to dispose of such items, but they also rely on market forces to ...


Architectural Digest

Memorabilia from Frank and Barbara Sinatra's Estate Will Be Up for Auction This December
Architectural Digest
And this December, fans of the Sinatras will get the chance to purchase parts of the famed couple's estate in a series of live and online auctions that will put their personal assets on the auction block. According to Sotheby's, the auction house that ...

and more »

Reuters

Mexico's new president should postpone oil auctions: former Pemex official
Reuters
HOUSTON (Reuters) - A former Petroleos Mexicanos [PEMX.UL] board member said on Wednesday Mexican President-elect Andres Manuel Lopez Obrador has enough political support to change the nation's energy law and should postpone planned ...

and more »

Autoweek

Bring a Trailer's LaFerrari auction was internet gold
Autoweek
The auction circus surrounding a 95-mile LaFerrari on Bring a Trailer concluded without landing the car a new owner. The high bid of $3,125,000 USD failed to meet the seller's reserve price. However, the real action during the auction was in BaT's ...

Google News

Authentic or Fake?

1. Admit It: Old business models are no longer working.... Read More

Is Your Trash Cash? 5 Easy Places to Sell Your Stuff

The old adage that says "one person's trash is another... Read More

How To Write a Traffic Pulling eBay Auction Title

Selling an item on eBay should be simple but it... Read More

A Picture Paints a Thousand Words and Creates Auction Euphoria on eBay

Ever since I sold my first item on ebay I... Read More

Royal Memorabilia ? An eBay Prince or Pauper?

There has always been a fascination with royalty and as... Read More

Starting an eBay Home Business

Do I need to explain what eBay is?If 'Yes', where... Read More

7 Steps to Easier EBay Shipping

If you're like me, you probably hate packing and shipping... Read More

The Drop Shipping Business

You have suddenly found the perfect business and you are... Read More

EBay Feedback, 5 Key Things All EBayers Should Know

eBay's user feedback system is one of the site's most... Read More

Profitable Paper Piecing on eBay--Part 1

Why sell paper piecings on eBay?eBay is a great way... Read More

12 Items You CANT Sell On EBay

Millions of would-be entrepreneurs want to sell things on ebay.... Read More

E-bay Auctions: Sell Better, Spend Less Tip #1

Just about everyone alive today has heard of E Bay.com,... Read More

Top Internet Businesses

The internet is packed with web businesses jockeying for the... Read More

How to Make Money from Internet Auctions

If your business is not using eBay and other Internet... Read More

Why 95% of All eBay Sellers Fail

eBay is now the 8th most visited site on the... Read More

Do You Pay Taxes On eBay Income?

Q: I read your last column about paying income tax... Read More

The International Affiliate Program of EBay

eBay trades in more than 33 international countries with over... Read More

Royal Memorabilia ?Smart Trading and Fake Dodging

This is my second article about trading royal memorabilia on... Read More

eBay - The Basics

I began selling on eBay in 1999 and have found... Read More

Joint Venture For eBay Success Too!

Whether you're succeeding in your online auction attempts, just getting... Read More

How To Cut Your eBay Fees By More Than 90%

Now, are you ready for the REAL TRUTH about selling... Read More

How To Use A WYSIWYG HTML Editor To Make Stunning Ebay Auction Listings

What kind of browser are you using for online surfing?... Read More

Making Your Auction Business Stand Out From The Crowd

When my sons were growing up they started playing hockey... Read More

Instructions on How to Put Picture on Ebay

Like many folks, you have heard of online auctions. Heck,... Read More

Auction Seller Guide To Success

When its time to clean-up around the house, some people... Read More