Personally, I do not understand the allure of auctions, but I do know of people who make a lot of money selling merchandise through the bidding process.
Curious, I recently took an eseminar on the profitability of auctions.
While some individuals basically clean house and sell unused items to become someone else's treasure, many have 7 established awesomely profitable businesses online.
As I understand the process, successful auctioneers buy sale items in bulk.
Then, they turn around and auction the items at a 200-300% profit.
Some experienced and thrifty entrepreneurs will also establish relationships with wholesalers overseas.
For pennies on the dollar, they shop for novelty items, again in bulk, and have it shipped to the states for resale at a substantial markup.
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