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On-line Auction for the Building industry

Posted on Monday, June 28, 2010 in Brandnew

Most of the on-line auction system are promoting items across many industry , ranging from the cutlery, car, toys and residential house. While this approach has proven to be highly popular, it remains that specialising into a specific on-line platform make total sense to the most common user.

If i want to buy building materials, i will with certainty visit an on-line auction site specialising in the building industry over eBay or any other on-line auction site. A specialised site will always give more relevant and accurate information and will offer a more centralised expertise in comparison to any other on-line auction site spread over many different selling platform

As a buyer you will then be able to find easily any materials related to the plumbing, electrical or hardware industries

The building industry is often the most neglected industry in term of on-line technology development and availability. The reality is that the building industry as a whole is in great need of on-line systems which will enable all current players to communicate and transact on-line between each others.

The current economic situation has push many buyer to look everywhere for the greatest bargain. Seller wants to get rid of their slow moving or excess stock and potential buyers are increasingly looking to save a few bucks wherever they can.

An auction site is an extremely attractive avenue for any potential seller.

Some of the reasons that we found are as follow:

- Recovering part of the initial investment

- Rectifying your account balance sheet

- Gaining extra storage space

- Improving your buying power

For a buyer point of view, it only make sense. A buyer will always be saving money by acquiring redundant or excess stock at cost instead of buying directly from the retailer or merchant. Some seller simply want to get rid-off their stock at all cost, therefore a buyer could end up paying nothing for good quality material. In this instance the buyer also have the choice to pay for the delivery or to collect the product himself, therefore giving them a greater flexibility in term of possible saving.

Having been involved for many years in the building industry such system as now become essential for the survival of many small wholesaling companies in certain area of the country. It has happen to almost everyone to spend a substantial amount of money in buying a large quantity of products thinking it is an incredible bargain just to found out that very few people are actually interested in acquiring such items. By advertising your slow moving stock on an on-line auction site, it gives you a much greater exposure compare to your current situation. It therefore increase your chance of resealing your products by exposing them to a vast audience across the country or even across the border. The type of exposure given by an auction site will be far greater then all your combined effort.

An auction site for the building industry is a win-win situation for all parties!

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