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10 Things You Should Know Before You Bid On A Business Product From An Online Auction
1. Know the value of the product before you bid. If the product is brand new, check to see what price retailers are charging for it. If the product is used or reconditioned, you will want to pay way less than the retail value. 2. If the product's...

Affordable Online Car Auctions
Still hunting for the car of your dreams? Public car auctions online are becoming a happy hunting ground for car aficionados for they bring you a huge selection of affordable cars in various models at unbelievable prices. With online car auctions...

Afraid to buy a horse at Public Auction?
Here are 5 things to do to put the odds of getting a good horse in your favor. Let me share a short story with you about public horse auctions and my friend Jack. I'll show you how to buy a horse at auction so you won't get burned. Jack,...

Auction and its benefits
An auction is basically a public sale wherein any object is sold to the highest bidder. It can be defined as a process of purchasing and selling things by offering them up for bid, taking bids and selling the things out to the highest bidder....

How To Post Your First Auction On eBay
It's very easy and simple to get started posting your first auction on eBay. This article will cover the steps you need to follow to get your first auction up. The first thing you need to do is set up your eBay seller's account. If you have...

 
There are Lots of Auction Sites to Choose From, But Which One is Right for You?

Anyone who has used the Internet knows that a big chunk of e-commerce comes from auction sites. EBay is the world leader, but many other Web sites exist, too, some filling special niches (gun auctions, government auctions, car auctions, etc.) and some handling general merchandise but doing it differently. And, yes, some operate just like eBay, only with fewer listings and fewer sellers.

Oltiby.com has a unique spin, however, in that it uses reverse auctions. Instead of a seller listing his item and many buyers bidding for it -- thus raising the price -- on Oltiby.com, the BUYER lists what he's looking for, then lets the SELLERS offer him a price. Whichever seller offers the lowest price, that's who the buyer does business with.

When looking at auction sites, you want one that will get you the best merchandise for the lowest price. So using a regular site like eBay doesn't make sense. Why use a site that is oriented toward sellers (i.e.,


getting sellers the most money) instead of buyers (i.e., helping sellers save money)? That's great if you're a seller, but for buyers, a reverse auction is more logical.

Another important factor in choosing auction sites is the fees associated with them. Is there a charge for listing your item, plus another one based on how much you wind up paying for it? Oltiby.com is free for buyers to list what they're looking for, and free for sellers to post descriptions of what they have available. The only fee is based on the final selling price of the item. With no other hidden fees, it's easy to see why Oltiby.com is a smart alternative to the regular Internet auction.

About the author:

Richard Verker has been writing business articles for 15 years. After studies in general economy and e-commerce, his work on online auction make his articles top-rated by magazines and thousands of readers. Read more on www.oltiby.com