It is difficult to imagine modern life without the Internet. Which of our ancestors would have thought that in the future it would be possible to make money on the World Wide Web without leaving home? At the moment, a huge number of people are making money on the Internet, and this trend continues to grow and develop, turning into a kind of business. The possibility of additional income in order to increase capital pushes people to develop new projects that are different from existing ones and bring a stable income.
One of the most common and effective projects that allows you to make money on the Internet is a business auction, which has gained worldwide popularity and has become a source of income for millions of users.
Internet auction concept
The essence of a business auction is that you can buy an item and resell it at a higher price. You can trade anything, from cosmetics to large household appliances.
In addition, you can organize your own business, for which you need an original business idea. An online auction is a generator of many ideas for business, allows you to place an order for the production of certain products and be aware of what others have supplied.
Unlike a classic online business, the essence of which is buying and selling content, an online auction provides much more opportunities for budding entrepreneurs.
The online auction offers a wide range of real goods at prices significantly below market prices. Any user with Internet access can access it. Purchasing a product with its subsequent resale at a better price at the same auction or in real life, the opportunity to open an online store offering goods from anywhere in the world - all these operations bring constant and quite tangible profits, making a business auction the main source of income.
How to make money on electronic trading: 5 ways suitable for any business
Business
07:00, 05.04.2017
Photo: freepik.com
How to increase sales volumes and expand your customer base? How to receive quality goods from suppliers at a competitive price? Similar questions are asked by representatives of any business, regardless of the scale of activity and geography. One of the indispensable tools for solving these problems for modern business is conducting electronic tenders or participating in them.
Let’s look at how you can make money on tenders using the example of the ONLINECONTRACT electronic trading platform. Today it is the market leader* in corporate procurement in Tatarstan, one of the largest electronic trading platforms in Russia. On the site, you can hold tenders for the purchase of goods and services, buy petroleum products and petrochemical products from leading Russian manufacturing enterprises directly, purchase or sell cars, equipment, property and other assets of enterprises.
ONLINECONTRACT helps businesses optimize costs and find suppliers or buyers in the shortest possible time, while maintaining transparency in the procurement process and fair competition. The numbers speak about the demand for ETP by business: in 2017, the volume of trade turnover on O NLINECONTRACT exceeded 344 billion rubles, over more than 9 years of work on the market, more than 140,000 tenders were held here.
ETP (electronic trading platform) ONLINECONTRACT operates in the areas of Corporate Procurement (CP), Exchange Products (BP), Sale of Assets and Property (RAI). In each of these sectors, not only large, but also small and medium-sized businesses can make money in various ways. Let's figure out how this can be done.
1. In the “Corporate Procurement” sector, large companies purchase goods to meet their own needs. The customers are large enterprises of Tatarstan and Russia that purchase goods and services. Participants are sellers of goods and services. Customers purchase the goods and services they need, receiving a price reduction of an average of 15% due to competition between Participants. At ONLINECONTRACT in the first quarter of 2020, purchases were most often made in the following areas:
- electrical equipment and tools;
- machine-building complex;
- building complex;
- metallurgical complex;
- food and light industry;
- computers, office equipment and software;
- transport complex;
- chemical complex;
- goods for home and office.
2. What is the benefit of participants (sellers of goods and services) of tenders in the corporate procurement sector? Constant access to a variety of tenders from large companies from different industries is an additional channel for selling participants’ products and a tool for increasing sales volumes. Also, participation in tenders on the ONLINECONTRACT ETP is a way to promote your company and products in the Internet space 24 hours a day, 365 days a year and the opportunity to convey your proposals to decision makers.
The number of customers and tenders on the site is growing, and accordingly, participants have more development opportunities through ETP. Thus, over the past year, the number of tenders held on the site in the “Corporate Procurement” direction increased by 28% compared to 2020, and the increase in trade turnover over the same period was 43%.
Photo: freepik.com
3. Do you have unnecessary equipment in your warehouse, unnecessary furniture in your office, or does production involve waste? Do you need to buy a product and save money? Another direction of the ETP is “Sale of assets and property”. Here companies hold tenders for the sale of core and non-core assets. The most popular products are ferrous scrap metal, mixed scrap, cars, non-ferrous scrap metal, equipment and materials. Actively developing areas are recyclable materials (cardboard, polyethylene, boxes), real estate and land. Many companies sell furniture, office equipment and other non-core assets through the site.
When selling assets in tenders in the RAI sector, companies receive a markup of an average of 28.5%. In addition, customers (sellers in the RAI sector) reduce the costs of selling the asset. Sales in the form of auctions raise fewer questions from business owners about why the product was sold to a specific company at a given price. In this case, fewer questions arise from regulatory authorities. Thus, ONLINECONTRACT ensures transparency of trading.
4. Participants in tenders in the direction of “sale of assets and property” have the opportunity to buy products and services of customers at the market price. This price is determined directly by buyers through bargaining. All participants have equal starting conditions due to openness and accessibility of information. Another plus is the absence of administrative barriers: there is no need to travel to organizations, clarify the timing of write-off of assets, or negotiate purchase and sale.
5. For many manufacturers, the issue of purchasing high-quality raw materials at a fair price without intermediary markups is relevant. This need can also be met using the ONLINECONTRACT ETP. Exchange products (BP) are a line of work of the site where buyers have the opportunity to purchase products from the largest factories in Tatarstan directly, without intermediaries, which means without extra markups, without loss of quality and with a guarantee of a transaction. For example, Nizhnekamskneftekhim and Kazanorgsintez hold auctions on the site for the sale of polyethylene, sevilene, polystyrene, polypropylene and other products. In 2020 alone, factories sold about 200 thousand tons of products on the site. To date, there are about 1,500 clients registered on the site - buyers of exchange-traded products. These are large enterprises and representatives of small and medium-sized businesses in Tatarstan.
Using an electronic platform simplifies many business processes, makes it more transparent, optimizes the procurement budget and helps expand the company’s sales channels. At the ONLINECONTRACT ETP, a personal manager is assigned to each client, which makes working on the site even more convenient.
* according to open data from electronic platforms as of 02/12/2017
Looking for a way to earn or save? Go through the simple registration process on onlc.ru or call 8 (843) 2 696-696 and expand the capabilities of your business.
Online newspaper "Real Time"
BusinessCase
Business idea. What is it and what is it eaten with?
A business idea is an idea, a plan underlying a process, the end result of which is making a profit by satisfying a particular need of people. It is the receipt of profit as a result of the implementation of plans that distinguishes a business idea from other plans.
In this case, the business idea is an online auction, which allows you to earn money if you have entrepreneurial skills, a “trading spirit,” knowledge of languages, and the ability to sell. In this case, activities can be carried out in three ways:
- ordinary resale of goods on domestic and foreign sites;
- acting as an intermediary between the seller and the buyer;
- provision of consulting services.
Types of confiscated property
The implementation of property confiscation began back in 2009, and since then it has spread to all types of alienated property. These currently include:
- Customs confiscation is property prohibited for import or imported with violations, which is confiscated by the Federal Customs Service and subsequently sold by the Federal Property Management Agency;
- Bank confiscation is the collateral property sold by banks to borrowers who are unable to fulfill loan obligations;
- Property seized from persons convicted of a crime;
- Bankruptcy property is property seized by a court decision from an individual or legal entity during bankruptcy proceedings.
Due to the specifics of the process of selling customs confiscation and property of persons who committed illegal acts, these auctions were available until recently only to particularly knowledgeable persons. And the price of these things was not so different from the market price. With the advent of electronic trading platforms (ETP), trading has become more transparent and lots more liquid.
Making money at an auction: reality or dreams?
Is it possible and how to make good money at auctions on the Internet? After all, a virtual auction, which provides all the conditions for the growth of beginning businessmen, does not guarantee quick and easy money.
Only those who want and know how to carry out trading operations, speak foreign languages and have market sense survive in online auctions. The most popular auctions at the moment are ebay.com, avito.ru, molotok.ru.
The advantage of an auction is that it does not require decent start-up capital and large investments; a business can be started by purchasing several goods that are in great demand (fortunately, the assortment is huge), with subsequent resale on domestic, and even better, foreign sites. In this case, the user must:
- be aware of market prices for your goods in order to purchase them at a lower cost;
- constantly research the market environment and competitors,
- determine the most effective sales strategies;
- know where you can get popular goods at wholesale prices;
- understand the technical intricacies of the auction;
- remember that a good business idea (an auction with a wide range of goods) is only half the success, the second half of which depends on skills and abilities.
Otherwise, there is a high risk of incurring losses without even starting to earn money.
The whole truth about buying debtors' property and making money on it: myths and reality
Numerous online webinars teach that bankruptcy trading is a real goldmine for active people with free funds, time, perseverance and a desire to earn money. Projects related to the purchase and sale of debtors’ property have become overgrown with myths that make it difficult to calmly and competently assess the benefits and risks that accompany this type of activity.
Before plunging into the investment whirlpool, each potential bidder needs to thoughtfully and objectively understand what is the truth about trading and what is just myths far from reality. Let's look at some of them:
- The auctions are replete with profitable lots. In fact, out of 100% of an investor's time, finding a suitable liquid asset takes 98%. And only a very diligent and persistent person is capable of such painstaking work. Another 1.5% should be spent on market analysis. And only 0.5% will be needed to complete the transaction itself.
- You can easily purchase excellent real estate or a car for a minimum price equal to 1-5% of the market value. In reality, truly profitable lots are practically never found in the bankruptcy estate. They are snapped up almost instantly and, most often, by the organizers themselves through front companies. Ordinary participants have to make do with illiquid property in the form of barns, apartments with young children registered in them, dilapidated buildings or cars that are only good for spare parts.
- There is a chance to buy an expensive receivable for pennies. In fact, such options exist, but it is not possible to buy it simply because transactions are carried out by robotic snipers specially launched into the system.
Mediation
There is another interesting way to make money at an auction quickly and easily. This is ordinary mediation.
By acting at virtual auctions as an intermediary between the seller and the buyer of a particular product, you can also win a good sum. The task of an intermediary is to advertise the goods and services of a particular company and attract potential buyers in order to receive a commission on each transaction. In this case, the intermediary does not search, purchase goods and deliver them.
Thus, if you are so attracted to the business idea of an online auction, you need to decide in what capacity you will carry out trading activities: an organizer, a buyer, a seller, an intermediary or a consultant. In addition, before you start bidding, you need to study in detail the market, sales mechanisms and features of the functioning of business auctions. Definitely, the level of earnings at a virtual auction will directly depend on your activity, knowledge and skills.
Stages of bankruptcy bidding: how to make money for an individual
Before bidding, the bankrupt must officially confirm his status. To do this, he must collect all the necessary documentation.
The bidding process is divided into 3 main stages:
- Primary.
- Secondary.
- Public.
The cost of the corresponding object at the primary auction will tend to rise. The increase will be from 0.5 to 5%. The exact percentage will depend on the original lot amount. The amount increases every 30 minutes.
