Bid Online Auctions – Silent Vs Live

When participating in bid online auctions, there are different types of auctions to choose from. The two most popular types are online silent auctions and online live auctions. So, what is the difference between the two?

Online auctions have been around for many years and throughout those years they have evolved quite a bit. In a silent auction, like those similar to eBay, bidders primarily bid against other bidders for the items they want. There is usually a set time frame from open to close from which people can place their bids. You register for the auctions through the individual website and payment and shipping can either be arranged through the website or through the seller of the items. This can depend on which auction website you are visiting.

Live auctions online work a bit differently. Like silent auctions, they have bidders that register, but the dynamics of registration, along with how the auction is conducted is not the same. When you are registering for this type of auction, most of the time you will find yourself signing up twice the first time around. The first registration is usually for the website hosting the auction. Once you have been approved through the website you are able to sign up for individual auctions on the site that are hosted by different auctioneers.

When bidding, you will find that the set up is not the same as well. There will be a preview of the items you are looking at, usually the time frame is a couple of weeks. In this time, you can preview and sometimes put absentee bids or maximum bids on these items. You will notice a set time that the auction will start online, which will be the same time that the auction starts live at the site it is being held. Once it has started, you will not only be bidding against other people on the internet, you will also be bidding against people that are live at the auction.

Bid online auctions are fast paced and can be very fun to participate in. The opportunity to find great deals are always available through this type of online auction.

How to Find Live Bid Online Auctions That Specialize in Your Area of Interest

If you’ve never heard of a live bid online auction, then you need to take a moment to read this introductory paragraph. Otherwise, feel free to skip ahead to the good stuff where we’ll tell you all about how to make such auctions work for you and for your personal interests. Now, if you’re still with us, we’ll assume you’ve never heard of a live online auction. Fair enough.

Similar to a traditional auction, live auctions held online are designed to sell off various objects that someone else no longer wants but hope you do want. They also work in exactly the same way that a traditional auction works by using an auctioneer who calls the bids as they come in and are held in “real time,” meaning that you get to bid in such auctions as they are happening, not like eBay auctions where you bid any time. Okay, now that we have that introduction out of the way, here’s the good stuff.

Making Online Auctions Work for You

We’ll assume here that you know all about going to a live bid online auction and that you simply want to know how to make them work for your needs. If you have no idea what we’re talking about, see the paragraph above. Live online auctions aren’t just a more convenient way to do your auction purchasing. Yes, you can get great deals at such auctions the same as you can at traditional auctions and you don’t have the fuss of getting in the car and driving to an auction house.

However, the best thing about an online auction is that you can easily purchase from auction houses that are thousands of miles away since everything is done online. This is a boon for collectors who have specific items they look for. The trouble is, with all the online auctions out there, how do you find the ones that specialize in the antique fish lures that you love collecting? Simple – just use Google Alerts and RSS.

What is Google Alerts and What is RSS?

These are two separate technologies that actually work together to make things easier than ever for those who enjoy bidding at a live bid online auction. RSS stands for Really Simple Syndication and is a fairly old technology (in Internet terms that is – it was created for Netscape Navigator and the My Netscape web portal back in 1999 – an eternity in Internet years) that allows you to grab content from different web sites and to see it all in your e-mail or in an RSS reader. The system is most often used for collecting articles from news websites and blogs.

Google Alerts is another system that will tell you when a new webpage is added to the Google index which contains specific keywords. Therefore, you could, for example, have it do an alert every time a page is added which mentions “antique fish lures.” However, that will simply bring you a ton of pages and doesn’t really differentiate between what is out there and what you’re looking for.

Using Google Alerts

What if you only want to find any live bid online auction that happens to feature antique fish lures? You have two choices: Either you can put both of those into your search by putting them in quotation marks (i.e. “live bid online auction ” ” antique fish lures”) or, if you know of specific online auction sites that sometimes have them, you can tell Google Alerts to let you know only when those sites add in something of interest using the “site:” command (i.e. site:myfavoriteauction.com “antique fish lures”). Try that with a traditional auction and you’ll just get blank stares! Oh, and the best part? Google Alerts will even send you an RSS feed when it finds the auctions you’re interested in.

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!