STRENGTH OF ONLINE AUCTION BUSINESS

1. There is no control of time. With anytime can bid put (24/7). As for item the between list of several days being done (with discretion of usual seller between 1 and 10,), you search in the buyer, decide, you give the time when value is acquired. This convenience raises the number of bidders.

2. There is no geographical control. The seller and the bidder can join empty that Internet access which it has anywhere. This to a greater extent to procure those easily points, reduces the cost which “attends auction”. As for this the list the item which is done (ie.Number is raised: The number of sellers) and each item (ie.The number of bids of for the sake of: The number of bidders). Item reduces cost, or it is not necessary to be shipped to the central location which decreases the lowest acceptance possible price of the seller.

3. Strength of social interaction. The social interaction which relates to bid hand continuation resembles to betting very.As for the bidder who desires with the expectation which it waits them will “victory”. Perhaps the bidder in order to do the game” in the same way as the common practice which you bet, no person of whether “from the margin product which is rubbed you acquire value mainly in order to obtain service. This loyalty draws up the division of the customer very.

4. A quantity where the bidder is large. Latent characteristic for price, ease of access it can utilize relatively low, because of social advantage of scale and the auction process where the product and service are wide, there are many bidders.

5. A quantity where the seller is large. The many bidders for relatively high price, latent characteristic, sale cost and because of ease access is decreased, there are many sellers.