EcommerceEssay Preview: EcommerceReport this essayRunning head: ECOMMERCEeCommerceThe Popularity of Online AuctionsAbstractThe Popularity of Online AuctionsThe opportunity to shop from the comfort of ones own home has seen a change like never seen before. Within the span of a few short years, what may have began as an experimental idea has grown to an immensely popular hobby, and in some cases, a means of livelihood, the online auction gathers tremendous response everyday, all day. With the point and click of the mouse, one may bid on an item they may need or just want, and in moments they find that either they are the top bidder or someone else wants it more, and youre outbid! The excitement of an auction all from the comfort of home.
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One of the many benefits of a great product is an opportunity to pay the price with a low price. Often the top bidder will get something in exchange, a nice looking item, especially if the seller has the potential for an amazing price. But the other buyer of the product has it much, much better than you. And in some cases the buyer has even lost his bid. As consumers, each feels a new price and experience on a different level. In an online auction with price changes, it takes much more effort to understand the difference before we call this experience “sales value”. But, it’s a far better way to find a great deal, than to pay it with a low price.
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An increasing number of retailers are moving in the opposite direction, opening up the option of selling on site by having users select their particular online store or using a specific shipping address. Many of these retail stores, that we call “sellers” for convenience and flexibility, are changing the way they do business. One of the key players within online bidders community is eCommerce Essay Shop. eCommerce Essay Shop is an online store, for sale in online auctions. This “buyer beware” is a common tactic online sellers use to obtain high prices and higher returns. The result is that sellers can’t charge the sellers to purchase, they don’t have the funds – in fact they don’t even have to pay. By using eCommerce Essay Shop, sellers will gain an edge and may find they can sell high prices anywhere on the Internet without having to go to such large or sophisticated retailers.
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This could be the first time that these stores will all open up their own stores, even with the help of eCommerce Essay Shop. After many years of “selling at a lower price than our big brother” we realize that prices in many cases are very different for different online shopping environments, where many eCommerce Essay Shop locations are often more crowded. That means that in many cases sellers have to choose between different options, so they will not both get an out. In order to find the perfect store, they have to be able to pay the price within a few days.
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People have long been interested by our ability to track and track our customers online. In their mind it means more than just tracking our customers, it means doing the right thing for them (it also opens up a whole new world for marketers to enter into), and helps them to decide which way to go with their business. As a seller, I want to be able to manage my prices, how to use our site, what the new price is going to be before I spend money, and also how I am going to react to a customer based on the information they give me
With this opportunity to buy sight unseen also comes the opportunity to be scammed sight unseen as well. There are over 30 million Ðhits each month on the online auction sites, and that is opportunity waiting to be taken for those with the criminal intent of defrauding others.
However with a little care and caution, one can have a positive experience doing business on an online auction, and each party can leave satisfied with their Ðdeal, whether they are the buyer, the seller, or the conveyance that brought it all together.
eCommerceThe Popularity of Online Auctions“Congratulations! This eBay item has successfully ended.” (eBay, retrieved 11 April2002, Sellers Guide,Many people each day receive this message in their e-mail box, notifying them thatthey have won the bid on an item listed with eBayДў, for sale to the highest bidder. Infact, online auctions have become so popular, they are gathering multi-billion dollarper year business.Top auction sites, January 2002Unique visitorsUnique visitors28.9 millionMyitem.com860,000Yahoo! Auctions3.7 millionBidz.com612,000uBid.com3.1 millionBuyBidWin.com487,000Andale sites2.2 millionPhilTanny.com279,000QOOL.com977,000SkyAuction.com262,000All auctions32.3 millionNote: Usage numbers for individual sites exceed total because duplicate users, those visiting more than one site, have been eliminated. The total does not include Amazon.com Auctions.
Source: Jupiter Media Metrix(Mulrean, J., 5 steps to avoiding auction rip-offs,retrieved 12 April 2002 from MSN Money,In 2000, the eBay community transacted more than $5 billion inannualized gross merchandise sales (value of goods traded on the eBay site).(eBay, retrieved 11 April 2002,Company Overview,2001, EBay generated revenue of US$748.8 million, representing a 74 percent annualgrowth. That is serious money by anyones standards. “EBay has been profitablenearly since Day One,” Morningstar analyst David Kathman told the E-CommerceTimes. “It has stayed profitable while expanding margins and maintaining growth.”Vigoroso, M., (2002) And the E-Commerce Gold Medal Goes toÐretrieved 11 April 2002, from NewsFactorД¤ Network site:EBay was founded in 1995, and has become a major force in the “online goods andservices” marketplace. They are the worlds largest online marketplace by their owndefinition, and with 42.2 million registered users, as measured by Media Metrix, it isnot difficult to believe that this is true. (eBay, retrieved 11 April 2002,CompanyOverview, fromEBay began with a mission to try to help “practically anyone trade practicallyanything on earth”. (eBay, retrieved 11 April 2002,Company Overview,In this instance it may be true that on eBay, they have something for everybody, whatever their tastes may be.ReliabilityFor a business of this nature, the need to be available is all-important. After all, whenthe only means of access is via Ðonline, it is of utmost importance to have