advantages of the online auction business design4

Download Advantages of the online auction business design4

Post on 22-Jul-2016




4 download

Embed Size (px)


Advantages of the online auction business design


  • Advantages of the Online Auction Business design

    Japan auction

    Online auctions have become a favorite way for many people to make money. The online auction

    business design includes one party that sells services and products, while another party bids to buy


    There a number of advantages of this online auction business design. A few of them are listed below.

    No geographical limitations: This is a strength of the online auction business model that is inherent

    because it is "online." The web allows sellers and bidders to participate in in online auctions everywhere

    you look in the world. A seller in Japan can placed a doll with an online auction site which can be bid on

    by bidders that reside in the U.S. The "cost" of taking part in an auction is essentially zero. This

    advantage also increases the number of products and services that can be listed, leading to a

    heightened number of sellers and bidders.

    Japan shopping online

    Virtually no time constraints: Items may be posted on sites at any time of the day, and bids can be

    created on items any time of the day as well. And also since items are listed for usually anyone to 10

    days, potential bidders possess a lot of time to ponder their bid.

    online bidding Japan

    Many bidders: Since sales allow for the potential to discover a wide variety of items at lower-than-retail

    prices, it draws many consumers to try their hand at obtaining a bargain through an online auction. The

    ease of the bidding process also attracts consumers, who can bid from their computers in the comfort of

    their own home.

    Japanese online auction

    Many sellers: However, the potential to sell items at higher-than-retail prices also draws many sellers.

    Selling their goods through online auctions also reduces their selling costs, and it is very simple and easy

    to complete.

  • Joy of winning: Part of the fun pertaining to the complete bidding process is seeing if you will "win" the

    auction and get the desired item. This aspect of the online auction process attracts many bidders who

    get the win just as rewarding since the