Have you ever bougth something via internet? If yes, then what would be your reason to buy things in internet? Because of price? Convenient or product?
Nowadays, forming a social networking in internet becomes more and more popular. The social groups in internet are with different objectives. And one of them is the online acution business.
The online auction business model is one in which participants bid for products and services over the Internet.. The functionality of buying and selling in an acution format is made possible through auction software which regulates the various processes involved.
The strategic advantages of this business model include:
No time constraints.
No geographical constraints.
Intensity of social interactions.
Large number of bidders and sellers.
Network economies.
Online auction selling has attracted millions of laid-off workers, as well as the disabled, parents of young children, retirees, pensioners and others that are unable to find employment in the mainstream workforce. Online auction venue corporations are accused of engaging in discriminatory trade practices that unfairly impact such customers. Presently, the trading practices of online auction venue corporations is not regulated by state or federal agencies.
Nowadays, forming a social networking in internet becomes more and more popular. The social groups in internet are with different objectives. And one of them is the online acution business.
The online auction business model is one in which participants bid for products and services over the Internet.. The functionality of buying and selling in an acution format is made possible through auction software which regulates the various processes involved.
The strategic advantages of this business model include:
No time constraints.
No geographical constraints.
Intensity of social interactions.
Large number of bidders and sellers.
Network economies.
Online auction selling has attracted millions of laid-off workers, as well as the disabled, parents of young children, retirees, pensioners and others that are unable to find employment in the mainstream workforce. Online auction venue corporations are accused of engaging in discriminatory trade practices that unfairly impact such customers. Presently, the trading practices of online auction venue corporations is not regulated by state or federal agencies.
Online auction business model, Wikipedia, [online], Available:http://en.wikipedia.org/wiki/Online_auction_business_model (08 Jul, 2009)
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