Tuesday, December 7, 2010

Pricing: The Use of Online Auctions


This day in age the use of the internet is becoming more and more part of everyone's daily activities. Many rely on it for communicating to others via email and other social networks, banking, and shopping. A form of shopping that is becoming ever more popular is online auctions. This allows customers to go online and bid on certain products. Just like a normal live auction, whoever then has the highest bid wins that product. The use of Ebay is now becoming a household name. Ebay's popularity is growing daily. Not only does Ebay allow people to bid on everyday products, in hopes to receive them at a lower price, but it also allows customers to sell their unwanted products in hope of a profit. Many even now depend on Ebay to make them their profit. The process of buying and selling products through online bidding have lead people to leave the old jobs and merely make their money by buying one product for a low cost and turn around and sell for an even better deal.


This is an image of Ebay's home page. It is a little hard to see, but you can search for the category you want to bid on such as art, cosmetics, electronics, etc. This way you can narrow you search for exactly what you are looking for to buy. Once the category is selected it allows you to type your specific item which really narrows the search. The items are displayed with the bidding price and how much longer in the auction. Customers now have the convenience of bidding right at home to get the best price instead of traveling from store to store to find the best price for the product you want.

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