Vendors exhibited in many different categories of goods, and buyers were ready to order and pay. And it all worked on pure trust and system feedback! Source of revenue auction is fees from each of the transaction. Source: Howard Schultz. All funds received are reinvested in active development of the auction, advertising and the improvement of functional service. If, however, specify the reasons for the popularity of online auctions and eBay auction in particular, we can distinguish six main reasons: 1) lack of geographic barriers – buyers and sellers can participate in bidding from anywhere in the world, enough to have access to the Internet. This increases the number of sellers / put up lots and the number of buyers / bets. 2) No language barriers – taking part in the auction trade possibly in different languages.
Many countries have their own local branches of the auction, such as Britain, Germany, Holland, Spain, Australia and the list could be continued. 3) No time limit – bids for goods can be made 24 hours a day, 7 days a week. Lots, in turn, may be sold for up to 10 days – enough time to find, review and purchase. 4) A large number of buyers – visitors auction attracted a huge assortment of various goods, offered at relatively low prices. Just here you can find rare collectibles, which are almost impossible to buy offline. Worth to mention the thrill of up to passion, the search for and purchase of goods! 5) A large number of sellers – the low cost of product placement, a huge consumer audience, ease of use of services auction is also tempting for sellers.
Furthermore the seller may be, each participant enough of your desire. 6) An effective business model – growth in the number of buyers leads to an increase in the number of sellers, the increase in Sellers stimulates the growth of buyers and so on to infinity. A kind of perpetual motion machine, which guarantees the unwavering popularity and eBay.com auction trade throughout the world. Thus, the prospects Development of auctions on the Internet quite promising and is based on the benefits they provide to Internet users. You can also take advantage of their strengths and capacities. Do you eat opportunity to become an active buyer or start to work, selling goods at auction – the choice is yours!