By Julie Martin , contributing editor From Beanie Babies to large pieces of industrial equipment, if there is a product that can be bought and sold, there is probably an auction site selling it. The reasons vary from simply moving excess inventory to inexpensively test-marketing a new product to streamlining your entire sales process. Here are just a few reasons why online auctions merit your consideration. You ordered a gross of Bruce Springsteen T-shirts to sell at a local concert. The concert sold out, the T-shirts didn't.
Online auctions offer the perfect medium.
Internet auctions can also be a great solution for moving older product models and dated styles. Use the Web's wide reach to find a worldwide market for your specialty products. Auctions are the perfect way to augment slow sales of niche products. There are already hundreds of millions of Internet users, with many millions more coming online each year. The Web provides the opportunity for you to grow your local or regional client base for your goods and services into a worldwide clientele.