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Online Auctions: Modern Day Auctioning

Online Auctions Modern Day Audioning Item #707 కళ్ళీ SOLD E-commerce $370 industry is said to grow $345 $370 Billion in 2017 $319 $291 $262 $231 Online Retail Sales will grow at a compound annual rate of 10% 2012 2013 2014 2015 2016 2017 Revenue for e-commerce and online auctions for 2014 alone is at $298 billion $298 24 $270.17 $244.94 $222,07 $201.33 $182.53 2009 2010 2011 2012 2013 2014 Online auctions are made possible with the help of online Auction Software allows users to register bidders, clerk sales and cash out bidders eBay was the first one to popularize auctions held over the Internet The rules are still the 1st same as live auctions, whoever bids the highest gets the item 1101101 010 01 111 100 1011T01olo01011 10101001 101101 0101001-1.0101 010 0010 0110 101 110 010110110 010101 MON Best to go live on a Monday and end on a Sunday because these two days are when the traffic is heaviest 15 Proxy bidding is the primary method used the auction tool serves as the SUN 64% 6:00 PM - 9:00 PM 54% representative in the 9:00 PM - 12:00 AM 3:00 PM - 6:00 PM auction MON 11% 26% SAT 8% 10% THU 7% 12:00 PM - 3:00 PM 5% TUE 4% 9:00 AM - 12:00 PM 3% It's also possible to have manual online auctions which do not FRI 3% 6:00 AM - 9:00 AM 2% WED 3% 12:00 AM - 3:00 AM 1% require the use of auction software. It may happen at a 3:00 AM - 6:00 AM 1% comment section or even a group chat box ADVANTAGES Convenience Bid at the shelter of your home or office Access to Information Bidders and participants will be treated with the full infomation regarding the item Time Saving Bidders will save more time than when shopping Selections Bidders will be able to see a number of similar items before they decide to join an auction DISADYANTAGES Fakes Sometimes, there are items which do not match the description in the website Scams There are rare instances wherein both buyers and sellers are subjects to scamming Overpaying Bidders tend to get carried away just to get the item Online Auction Software Important Considerations eBay's MissionFish Allows nonprofits to conduct auctions with little or free of charge Choice between owned software or hosted software O Having a Responsive design to fit different platforms Effective planning ahead of BiddingForGood Also caters to nonprofits Other competing brands time BenefitEvents | MaestroWeb |CharityBuzz Acquiring the items to be auctioned Specifically targeted towards nonprofit organizations BeyondSolutions | AuctionAnything Creative and efficient marketing Customer service and Tools targeted towards commercial businesses shipping JUST References: https://en.wikipedia.org/wiki/Auction_software http://www.idealware.org/articles/fgt_auctions.php http://www.nicolassarrasin.com/apprenez-gagner-argent-internet http://jumboauctions.com/advantages-and-disadvantages-of-online-auctions.html http://www.amnavigator.com/blog/2011/02/08/best-time-and-date-to-end-ebay-auctions http://webmarketingtoday.com/articles/114386-How-to-Choose-Charitable-Auction-Software http://www.statista.com/statistics/293335/revenue-of-e-commerce-and-online-auctions-in-the-us Gnipe www.justsnipe.com %24 %24 %24 Revenue in billions U.S. dollars

Online Auctions: Modern Day Auctioning

shared by shanemarks3 on Nov 13
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The world is now at its digital age wherein almost everything is done with the use of computers. Even the purchasing and acquiring of certain items can be done with the help of computers, specifically...

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