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3 Ways Online Auction Software Can Help Your Business

StrategyDriven Tactical Execution Article |Online Auction Software|3 Ways Online Auction Software Can Help Your BusinessDue to the current economy and the recent pandemic, many people’s lives are currently in an uproar. Instead of people going out to shop and work, more people are doing most of their daily activities from home. This goes for people who previously enjoyed selling items at public auctions and customers who now only attend online auctions. Instead of leaving their homes, many auction-goers now choose to sell items or purchase items online through online auction sites.

The Opportunity to Boost Business

In the past, resellers and antique dealers likely sold their treasures at in-person auctions. People no longer attend in-person functions, so sellers have had to turn to online auctions to run their businesses. How are sellers boosting their online auction sales? Online sellers are using Maxanet to manage their online auctions and give them the sales numbers they need.

Through this online auction software, a person can do everything from listing items for sale to accepting and managing online payments. Online auction software gives sellers solid and proven reliability and greater control of their online auction processes. Many people will be driven to the auction, and the online seller will experience a nice boost in their listing views and sales. This software includes tools that can help potential bidders find the items online, ending in higher selling prices and bigger profits for online auction sellers.

Better Record Keeping

Say goodbye to inaccurate bookkeeping and hello to easy to sort online records. A huge benefit of online auction software is the software does all of the math. A seller can see their sales numbers with a click of a button.

When tax time rolls around, a lot of the information the business owner will need for their business taxes will be available to them in the software. This also comes in handy when trying to turn in sales tax, as the online auction software can calculate what a buyer owes in taxes and collect the tax amount along with the customer’s online payment. A business owner will no longer spend an afternoon with a calculator adding up their quarterly sales to pay their sales taxes accurately.

Say Goodbye to Expensive Travel Costs

Traveling to in-person auctions can be expensive. Hauling merchandise back and forth uses a lot of time and gas. Moving to online auctions and auction software will save time, money, and travel costs. A seller can spend their time listing items for sale online through the software instead of driving back and forth to sell items at in-person auctions. Moving to auction software offers huge benefits to those running a resale business.

Other Benefits of Online Auction Software

There are many additional ways that online auction software can help an online business owner. This type of software streamlines the listing process, helps drive traffic to the auction, allows winning bidders to pay for their items, and does a great job of making recordkeeping for the business simple. Business owners who are on the fence about trying this type of software should give it a go. Some online auction software companies will even set sellers up with their own online blog or website.

In conclusion, switching to online auctions is smart for sellers trying to survive and thrive in the current economy. Make things simple by giving online auction software a try. Moving to online sales means that everyone across the globe has the opportunity to bid on and purchase a seller’s items instead of just the small handful of people who would show up at an in-person auction.

How Selling Online Can Save Businesses Post-COVID

StrategyDriven Online Marketing and Website Development Article, How Selling Online Can Save Businesses Post-COVIDIn a post-COVID world, we’ll all be looking at buying and selling very differently. The ongoing global health crisis has really shown businesses that can pivot to new ways of working will be the businesses that survive, and those that don’t will be the businesses that fail.

We’ve all seen the news stories, and we’re all concerned about the impending financial crisis that is likely to hit the country, so what can we do to mitigate the fallout?

The secret to success will be to move business as online as possible, and if you sell products, then selling online will be vital to ensuring that you can weather the storm that is coming.

When brands don’t sell online, it can cost them millions. Take British clothes retailer Primark; for example, due to having no online selling presence, they lost approximately £284 million. In contrast, the British public was unable to visit the store during the lockdown. Still, interestingly, Primark’s complete avoidance of the online marketplace has left a gap that others will happily fill.

Primark clothing soon turned up on Amazon through resellers and at a premium too!

Fill the Gap

As an entrepreneur, you can only look at that story with dark amusement, but you must also see the benefit here, you can sell almost anything on Amazon and use it to turn a profit, but how exactly can you do this?

The best way to get into selling on Amazon is to use a professional Amazon marketing agency like Nuanced Media. Trying to navigate the Amazon seller sphere all on your own will be time-consuming, confusing. It will probably lead to you not achieving your goal of financial freedom and possibly financial independence with an Amazon store.

Starting Your Financial Freedom Journey

Marketing agencies like Nuanced0020Media understand how the platform works -for buyers and for sellers- and they will guide you through the process of creating your account, setting up your store and what to sell, and how much for.

Do you want to sell your own branded products (Private Label), or are you happy to find products you love at wholesale prices and sell them on for retail prices? The latter is probably the most popular option on Amazon, especially for businesses looking to get into online selling, and allows buyers to buy products they know and love, but pay you instead of another one of the bigger online sellers!

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Gaining financial freedom from your job or work can be really empowering, and for companies that are concerned about taking the hit for the Coronavirus outbreak, pivoting the business model of selling online can be an absolute career saver for many small businesses.

It’s easy to get set up on Amazon, and you’ll be backed by their customer help team who are fantastic. One of the biggest bonuses of using the Amazon platform is that it’s so widely used by shoppers all over the world, so you could be connecting to anyone from anywhere!


About the Author

Ryan Flannagan is the Founder & CEO of NuancedMedia, an international eCommerce marketing agency specializing in Amazon. Nuanced has sold $100s of Millions online and Ryan has built a client base representing a total revenue of over 1.5 billion dollars. Ryan is a published author and has been quoted by a number of media sources such as BuzzFeed and Modern Retail. To connect with Ryan, check out @Ryanflannagan on Twitter or via Linkedin.