All about Online Auctions

All about Online Auctions Online auctions allow some of the scheduling issues and time constraints to be lifted. This allows for more attendees and bids. Online auctions have greatly increased the variety of goods and services that can be bought and sold using auction mechanisms. Online auctions allow sellers to auction off their goods to a global market, allowing for more exposure. 24 The U.S. e-commerce and online auction industry generates an estimated $298 billion in revenue annually. In 2002, online auctions were projected to account for 30% of all online e-commerce due to the rapid expansion of the popularity of the form of electronic commerce. BROUGHT TO YOU BY AUCTION