Start A Business of online Art Auction

Start A Business of online Art Auction 

What is Art Auction?
An art auction or fine art auction is the sale of art works, in most cases in an auction house.Normally, an auction catalog, that lists the art works to be sold, is written and made available well before the auction.


Online auctions are sales transactions that result from a competitive bidding process conducted over the Internet. Whether the sales take place between individuals, between consumers and merchants, or between businesses, online auctions have enjoyed rapid growth with the spread of Internet access. The value of goods and services traded through online auctions is not tracked but is estimated to have grown rapidly in the last five years.

Art Auctions


The consumer online auction process has been described as being similar to a garage sale, with commonly offered items including collectibles, antiques, toys, clothing, art, cars, tickets, electronics, and even real estate. Online auctions appeal to individuals who enjoy the competitive bidding process and like to feel as if they are getting a bargain. Most Web sites that host auctions allow buyers and sellers to negotiate payment methods and shipping details. Auction-related costs are usually limited to a small percentage of the final sales price. 

How to Start Online Auction Business

If you want to start a small business from home, but don't have lots of startup cash on hand, an online auction business is a great company to start. It is easy to begin selling items you have around the house, and most auction websites make it easy for sellers to set up accounts. Before you create an account and start selling, take the time to research best-selling products, take quality photographs of your items and write descriptions that will bring buyers to your page.

Step 1
Visit online auction websites. Rank them on user-friendliness, ease of buying, reputation and features for both buyers and sellers. Choose an easy-to-use site that offers the best features for advertising and selling. Choose a specialized site if you will sell a specific type of product like original artwork, antiques or other items.
Step 2
Make a list of items you are most interested in selling. Do a keyword search for these items on the auction website to see how many others sell similar products. Follow several auctions to see the going rate for these items. If few bidders are interested in these items, or none appear when you do a search, it’s a good sign there is no need. Focus on selling popular items that will yield high profits.
Step 3
Investigate your competition. Visit their online stores to view their sales approach. Consider how you can set yourself apart and create a better online store, such as providing product descriptions, or having a wider inventory.
Step 4
Take pictures of your inventory. Invest in a digital camera and take high-quality pictures in good light. Take your own pictures of the actual items instead of using stock photos of similar items. Take photos that emphasize any unique details of the items.
Step 5
Write vivid descriptions of inventory. Review auction sites to see how others describe similar products. Create headlines that will draw in buyers looking for a specific item. For example, “antique lamp” is much less specific than “1890s Tiffany art nouveau lamp.” Describe your inventory in detail and use appropriate keywords. Specify the type of item and be honest about any defects, such as chips or cracks, to create trust with buyers.
Step 6
Set up a retail store on the auction site. Create a name and logo for your business that specifies what you sell. Include a link to your website, if you have one, to bolster your company’s reputation. Include an address and contact information. Set up an area where you take payments, whether through PayPal or another source.
Business Overview
Once again, millions of professional and amateur artists are seeking ways to sell their artwork and this fact creates a fantastic opportunity to start an online art auction service. The challenge with operating this type of venture will not be securing works of art to be auctioned, but promoting the site in such a manor that it receives a lot of visitor hits and interest. In terms of marketing and promoting the site, consider building an alliance with a major player on the web like a brand name site. Revenues and profits will be created when artwork has been successfully auctioned and I would suggest retaining a commission in the range of 10 to 25 percent of the total selling value for providing the service.




Popular posts from this blog

Start a Jute Sacking Bags Manufacturing Business