Online Art Auctions

Opinions expressed by Entrepreneur contributors are their own.

Startup Costs: $10,000 - $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? Yes

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.

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.