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- Overstock auctions are popular from name-brand merchants
- Many government auctions are online (including county and state)
- Personal auction sites sell many household new and used items
- Most sites charge the seller a fee based on the final price of the item sold
- Buyer is usually responsible for shipping charges, unless included in auction price
- All types of items are auctioned online including vehicles and real estate
- Celebrity merchandise auctions often appear on eBay
- Some smaller auction sites attempt to use advertising to cover costs instead of charging user fees
- An escrow account is recommended for larger ticket items
- PayPal is the most accepted online payment format for auctions
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Online auctions come in many different shapes and sizes, often mimicking real-world auctions in an attempt to draw customers to their websites. The first commercially successful online auction was eBay. While other auction sites have come and gone and some have grown to represent a significant business online, none have come close to matching the success that eBay has seen. The main considerations when looking at online auctions is to ensure that the seller has an excellent feedback record and that the auction site has protective standards in place that will protect not only the seller of the auction item, but the buyer as well.
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Community
The community building aspect of eBay, using web 2.0 concepts, has driven the auction site as a model for others to follow. In this type of community, each user gets to rate the transaction, both the seller and the bidder. This way, when you are bidding on an auction, you can see what kind of feedback other users have given the seller. The more positive feedback, the better. Likewise, as a seller, you can see the feedback of those bidding on your auction. With this system in place, it really is a win-win for both the users of the site and the site itself, allowing the users to rate and "police" each other. -
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Online Auctions Questions
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Open Thread: GM to auction cars on eBay 3 AnswersI think that GM should have simply taken a page from the book of "Saturn". Form a line of cars where there is no negotiation. Heck, why not make it so that eac... read more -
What are the qualification for attending a Car Auction? 1 AnswerBasically you need money and identification. Below is a link to give you more information. read more -
How do I buy a car at a dealer auction? 4 AnswersYou will need to have a dealer license if the auction is not open to the public, you can always ask a dealership to purchase a car for you, or go through an aut... read more -
What does a notice of auction mean, if you are a renter? 1 AnswerI am not a lawyer, so I fully expect my answer to be trumped, but the short answer is that most of your answers are a maybe. Notice of auction in your case prob... read more
view more questions...
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Featured Mahalo Topics
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On Twitter powered by Twitter
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http://clixstar.info AuctionSitez.info Looking Online Auctions and Wanted Ads
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New blog post: Master eBay(R) Online Auctions - Full Intensive Home Study Course. http://bit.ly/aB64rR
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Home Work Biz Data Entry Online Auctions | 4 Work At Home Biz: Home Work Biz Data Entry Online Auctions. February 9... http://if10.net/wat
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