Online Auction – eBay Essay Sample
In 1995 the outgrowth of a new type of company came to be. originally called AuctionWeb. the company became a global esthesis know as eBay. This company works much in the same manner a regular auction would. the chief difference is that eBay works as an e-commerce concern. with all minutess happening over the cyberspace. The manner eBay works is that a marketer creates a profile and so provides bear downing information such as a recognition card or PayPal history. After you have your profile created you name your merchandises and station images of the merchandises on line. EBay has what is referred to as an interpolation fee ; these fees vary depending on the merchandise being listed. although the offer I found was your first 50 interpolations are free. After naming your merchandise and an asking monetary value you sit back and allow the command Begin. Consumers. located from all over the universe. travel to the eBay web site and offer commands on the merchandises you have listed with your history. the winning command purchases the merchandise based on the last command they offered. which is by and large the highest command. these merchandises are listed with a clip based allocation. after a certain sum of clip the command stopping points and the highest bidder purchases the merchandise.
After your merchandise has sold so eBay collects a per centum of the merchandising monetary value. once more this depends on the merchandise being auctioned. There are besides added supernumeraries that eBay may bear down you for when you list your merchandise and how you list it. for illustration. naming more than one exposure for your merchandise increases the cost you pay for the listing. every bit good as different fount manners. larger than normal exposures and other excess characteristics you may take to add. The advantages for eBay is that there are no retail mercantile establishment costs and really small operating expense. fundamentally the lone costs incurred are the care of the web site and any package ascents that would be needed. The downside to this concern is that consumers do non acquire to see the merchandise in individual and you are locked into the last command offered. you may non acquire your inquiring monetary value and could lose out on expected net income border. I feel that if I were to open my ain e-tail concern I would utilize eBay for a few simple grounds. First it is an already established and popular site that has many consumers looking for merchandises. Second is that if I were to open an e-tail concern I would desire to do certain that I have plentifulness of stock lists in stock and that I could offer monetary values that would guarantee a net income border.
.
