People buy and sell property and possessions for a number of reasons. There are more than ten thousands of estate/garage sale companies in the US, plus an even greater number of consumers who are interested in buying people’s goods. With eBay, Craigslist, various local and specialized auctions, estate/garage sales, and consignment and antique shops, it’s not a good exaggeration to say that millions of People in america are consumers at a vast marketplace or have interest in selling there.
In this post, I will touch on only a portion of this marketplace, namely, estate plus garage sales. I will suggest particular ways for estate and garage area sale companies – both big and small – to increase their overall revenue while also making sales engaging and useful to their own customers.
Large Estate Sale Companies:
Large estate sale companies already have their own websites with online auction capabilities, which are quite expensive to create plus support. These websites only display you can actually own goods, and this decreases the particular audience of their prospective buyers. These businesses would do well to list their particular goods in larger virtual department stores, which attract a wider audience at a much lower cost.
The idea of a personal “virtual booth” in a larger online mall is not new; it’s utilized by some big online players, such as Amazon. If you’re ready to check out more regarding Estate sale san Antonio tx stop by our own internet site.
With a platform that homes many “virtual booths, ” the price to each “booth owner” of building a quality buyers’ experience is substantially lower than setting up a private shop using a separate company. While such virtual malls can provide online auctions for every individual, the actual estate sales and face-to face meetings (where the goods modify hands) should retain their conventional mode, and should remain an integral part of the business model.
Small Estate Sale Companies:
The majority of estate/garage sales companies are small businesses, and many have no websites of their own. Some of them are proud to be hands-on people and practice the traditional walk-in method only. These companies would do well to add an online component to their business — preferably in a platform that combines the benefits of online auctions with the traditional type of estate/garage sales.
Thus, combining the features of online auctions with the face-to-face plus local nature of traditional estate/garage sales may benefit all estate/garage sale companies, both large plus small. Sales organizers will substantially expand their traditional audience, while still allowing new buyers in order to firmly rely on the “What The thing is Is What You Get” promise; in comparison, buyers at online auctions with no conventional component frequently cry: “What You observe Is NOT ALWAYS What You Get. inch
A practical tool based on the idea of a virtual local mall might have some additional important features and benefits:
It does not change the traditional business structure of estate/garage sales or online auctions. It just adds new technology advantages to the old process;
Provide more info to buyers with listings including detailed descriptions of the seller’s goods. In addition to traditional photos, each product description should contain the estate/garage sale code – the “booth name” – to help prospective buyers easily find desired listings, as well as the sale location. All this information should be open to just about all users without registration;
Provide customers the option to bid on listed products both before and after the date of the real estate sale. A time span of 2-4 weeks gives sale coordinators more time to prepare for successful product sales. Sale organizers should be able to collect bids 24/7, and buyers should have the opportunity to bid higher or lower than the item’s start price; this increases sale flexibility;
Allow sales coordinators to choose a winner/buyer at any time during the bidding stage. An ideal system should create an opportunity for sale planners to receive periodic notifications about putting in a bid activity and let them monitor on the internet bids in real time;
Keep the principle of direct negotiations between the sale planners and the winners/buyers selected by the coordinators. Face-to-face meetings are important so that buyers can see and touch (if necessary) the real goods when they change fingers;
Save time for sales coordinators by making changes to listings (including buyers’ questions and sale organizers’ answers) public instantly. This allows potential buyers to see all pertinent plus current information, eliminating the burden of repeating the same information to every prospective buyer;
Allow prospective buyers to select a search radius that takes into account the distance of the estate sale(s) from the specified zip code.
A common virtual local mall with the functions and benefits listed above may be a very helpful tool for both businesses and individual customers – a sort of Switzerland Army Knife approach: one cheap platform that does it all. This kind of tool has the power to save time, eliminate drudgery, and increase profits.
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