Advantages of the online auction business model7

Download Advantages of the online auction business model7

Post on 10-Aug-2015

9 views

Category:

Documents

0 download

TRANSCRIPT

  1. 1. Advantages of the Online Auction Business Model online bidding Japan Online auctions have become a well known way for many people to generate money. The online auction business model includes one party that sells products and services, while another party bids to purchase them. Japan auction There a number of advantages of this online auction business structure. A few of them are listed below. Japanese online auction No geographical limitations: This can be a strength of the online auction business model that is inherent because it is "online." The web allows sellers and bidders to sign up in online auctions everywhere in the world. A seller in Japan can placed a doll on an online auction site which can be bid on by bidders that are now living in the U.S. The "cost" of taking part in an auction is essentially zero. This advantage also boosts the number of products and services which can be listed, leading to an elevated number of sellers and bidders. Almost no time constraints: Items could be posted on sites at any time of the day, and bids can be created on items at any time of the day as well. And also since items are listed for usually someone to 10 days, potential bidders have a lot of time to ponder their bid. Many bidders: Since online auctions 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 getting a bargain through an online auction marketplace. The ease of the bidding process also attracts consumers, who are able to bid from their computers within the comfort of their own home. Many sellers: Alternatively, the potential to sell items at higher-than-retail prices also draws many sellers. Selling their items through online auctions also reduces their selling costs, and is particularly very simple and easy to complete.
  2. 2. Joy of winning: Part of the fun pertaining to the whole 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 discover the win just as rewarding because the Japan shopping online