Growth of Online Auctions

Released on: October 9, 2008, 9:42 pm

Press Release Author: Er. Pritpal Singh Doad

Industry: Internet & Online

Press Release Summary: Remember the good old fashioned auction where you rocked up
and could crawl all over the goods, picking and pocking at it to see whether there
was something wrong with it?



Press Release Body: Remember the good old fashioned auction where you rocked up and
could crawl all over the goods, picking and pocking at it to see whether there was
something wrong with it?

I remember when people where reluctant to buy things from auction for the fear of
buying someone else's problems even when they could inspect it before auction
including the fact that most reputable auction houses even did some kind of pre
inspection on goods and let you know there was something wrong with it.

And now. Now you can go to online auction centers and buy anything you can think of
from just about any part of the world. How times change.

Well.... what changed?

Was it the convenience of easily being able to locate goods?

Or the fact you didn't have to wait for auction day as there are auctions taking
place every minute of the day. For more details visit to www.auction-words.com. Or
the rise and rise of the internet as a shopping tool.
Or brand name marketing that gained consumer trust and the mass marketing of its
services namely ebay.

I believe it's a combination of all those factors and the fact that consumers
themselves can also make money online via online auctions further promoting its use.

In a recent press release from ebay "Entrepreneurs in record numbers are setting up
shop on eBay, according to a new survey conducted for eBay by ACNielsen
International Research, a leading research firm. More than 724,000 Americans report
that eBay is their primary or secondary source of income. In addition to these
professional eBay sellers, another 1.5 million individuals say they supplement their
income by selling on eBay, according to the July 2005 survey.

In the first six months of 2005, eBay members in the U.S. sold merchandise worth
approximately $10.6 billion."

In the automotive market major manufacturers are making great use of online systems
to sell ex lease vehicles saving them transportation costs, reconditioning fees and
auction fees. For more details visit to www.auction-professional.com. Some
manufacturers are now selling up to 40% of these vehicles via online auction. For
purchasers it is a relief to not have to travel to an auction and spend a day
standing around a warehouse to get the vehicles they need.

How times change and there appears to be no restrictions to what can be sold online
as anything from machinery to a dolls dress can be found for sale. Looking around
traditional auction centers they all have some kind of online auction system in
place as well as there traditional style.

www.auction-entrepreneur-kit.com

www.auction-extreme-package.com

So how long will it be before they all move to online and the traditional style of
auction is dead? I can see the freight business picking up!


Web Site: www.auction-entrepreneur-kit.com


Contact Details: H.No 690 Phase -11
160065
Mohali
Punjab

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