Online Auctions Paying The Bills

We know times are tough around the country. People are freaking out at the possibility of not having enough money for rent or food-if not for just themselves, then their family. The reality is that people are looking for side jobs more and more as the months pass. Any extra source of income can really make the difference when you are struggling to pay bills. For some, auctions-specifically government auctions-are a key source for getting them some extra cash at the end of the week. This article will be a helpful guide to some of the most prevalent auctions out there: online government auctions.

When people think of government auctions these days, they usually picture the large group of people standing in front of a storage locker yelling at each other to get their hands on someone else’s hidden treasures. Though typically, a ton of seized and surplus government auctions are done strictly through the web. Online auctions have been sweeping the auction block and people are loving them because they don’t need to leave the comfort of their homes.

If you are new to all this, you are probably wondering what a seized or surplus auction is. Here is a quick breakdown. A seized item can be something that is confiscated by a government entity and put up for auction. A surplus group of items are usually from a part of the government that has an over surplus of one or more items. These items are usually sorted and marked for auction. The public then has the ability to head down to a live auction or utilize the Internet for an online auction to bid on these assets.

Online auctions are much more accessible for a large majority of people around the U.S.. What it comes down to is time management. Do you have the time to run down to your local courthouse? Can you leave work for a day and attend one of these live auctions that normally fall on weekdays? Typically, the answer is no. Most people have a ton of work and personal affairs that need to be attended to before any purchasing of bidding of items can be done. This, for the most part, is the reason online auctions were implemented.

Now that you know what these online government auctions are, you will want to know what you can do with them and how you can make some extra money. These auctions are great for picking up goods that people desire and flipping them for a fantastic reseller’s profit. If a car is seized, and it’s in great condition, you might be able win the auction for well under market value. After that, you can resell this item and collect the balance. If you go to a surplus auction and pick up a lot of items, then you can either break up the lot or sell the lot as a whole. Breaking up the lot can be extremely profitable. You can purchase the group of items for a fraction of the retail price and then sell each item one by one.

You should figure out the correct avenue to unload the goods you planning on bidding on. A couple of easy ways to sell items is eBay or Craigslits. Those two tools can be very useful when it comes to flipping auction items for a profit. EBay charges seller fee, so you might want to consider ulterior sources. You might be able to sell items directly to a single person or even a retailer. Do your research prior to the actual event and you should be good to go. Don’t be scared to check a couple auctions before you actually make any bids. Test the waters and see what items are averaging for. Good luck!

Bid Online Auctions Vs eBay Auctions

Most people are very familiar with eBay and the type of auctions they run on their website. It is a place where many search for deals on items they want to acquire for their home or for gifts for others. When some speak of bidding on live auctions online they are referring to eBay. There are however, a few differences between an eBay auction and bid online live auction.

Don’t get me wrong, there are similarities between the two. For example, both types of events have bidders, start times and end times. They both allow for you to place maximum bids on items. You can view detailed pictures of items and descriptions online from the comfort of your home.

The true difference between a live bid online auction and an eBay auction is the excitement that happens between the start time and the end time of these events.

In a live bid online auction, there is a set time for which an auction takes place – which is usually a couple of hours long and consists of many hundreds of items. With an eBay auction, there is one item that is up for auction for days or weeks at a time. So, as you can see, the excitement level and pace of a live bid online auctions is much more exciting. You have a few seconds to bid on the item you want versus days or weeks.

With a live bid online auction, you are bidding against online bidders (just like eBay) – however, you are also bidding against people who are actually participating at the physical auction site as well. This is an added dynamic to the auction that can allow for some pretty fierce competition.

One other difference between the two types of auctions is whom you are purchasing your items from. Most live bid online auctions are hosted by auction houses that have been in business for many years and are conducted by professional, licensed auctioneers. With eBay auctions, you are bidding on items that are usually being sold by the general public with no requirements to hold an auctioneer license.

While both types of auctions are effective in getting what you want at a potential discount, only live bid online auctions offer you the excitement of bidding live against other people in a real time bidding event. It’s a great way to get great deals while also having a lot of fun.

Why a Live Bid Online Auction Can Be a Better Experience Than a Traditional Auction

A live bid online auction can often be a better choice for you than using a traditional auction house to make your purchases. Before we get into the why and how of it though, a bit about what we mean when we say live bid online auction is in order.

We’re discussing here a traditional auction with a real, licensed auctioneer who calls the bids as they come in, but the whole thing is conducted online rather than in person. It’s completely unlike the more common models of online auctions and it’s important to keep that in mind when trying to understand why we’re so excited about them.

Here’s why we believe that an online auction run by a live auctioneer is a better choice than a traditional auction run by the same auctioneer:

Better Selection

When you go to a local auction, you are inevitably stuck bidding on whatever someone happened to have in their local home. Unless you happen to live in New York or London and plan to attend a Sotheby’s or Christie’s auction, you will, out of necessity, be limited in your choices.

An online auction, by comparison, offers you the opportunity to bid for items that may be located anywhere in the country or anywhere in the world. In some cases, the online auction house you work with may actually arrange for containers to ship items in, though more often than not, the online auction house will have whatever is local to them, which likely will not be what is local to you.

Better Prices

Let’s face it, when you’re sitting at an auction house in person, things can get a little heated. Someone spots something and on a whim decides they simply must have it. Then they see you bidding on the same thing and feel almost compelled to outbid you just so you can’t have it.

While some of those emotions will obviously spill over into an online auction, you will see less of them. Plus, because the concept of using a live bid online auction simply is not very well known yet, you may be able to score some great bargains, just like you used to back in the days before PBS started teaching everyone to look differently at the junk in their home and realize that they may have valuable antiques (via the Antiques Roadshow).

Convenience
For some of us, driving an hour to the auction house is a weekend activity and gives us something to do. However, for those of us who enjoy collecting rather than standing around all day in a stuffy auction house, a live bid online auction can be an absolute Godsend.

There is no more driving there and getting stuck in traffic only to learn that the item you had your heart set on just closed ten minutes before you got there. There is no racing to get there early so you can find a seat rather than be stuck standing in the back of the room. And you don’t even have to worry about carrying precious antiques home in the car as they’ll be shipped to you, professionally packed and insured.