Online Auction

EBay is an online auction deal that allows a person to buy and sell merchandise online.

Sellers will go to the eBay website and go through a series of steps to list the item for sale. Then

the buyers bids on a widespread of items. Sometimes the auction last a few days or sometimes

it last a couple of weeks. In the end of the auction time limit the item is awarded to the person

who had the highest bid providing that the seller agree to the price.

Furthermore, for the small -scale sellers and the large scale- sellers I did not see any different

advantage or disadvantage for each group. However, I believe that some of the advantage for

the sellers is that eBay has a seller protection department to deal with issues the seller may

have such as fraud, unpaid items calms, etc. EBay also has a trading assistance program, a

platform where my items can be seen by a wide range of people, and there is very little

solicitation on my part all I have to do is describe the merchandise and allow the bids to come in

then I mail the item to the winner. I also could place a buy it now price that the customer can

choose rather than participating in an auction.

In addition, some of the disadvantage are the item may not get sold, the buyer not pay for

the item and eBay will get their share of the money they have four types of fees that I must paid

such as the insertion fee, and the final value fee which are the main fees.

I will definitely use eBay if I want to start an electronic retail (e-tail) business. I think for the

most part I would use eBay because my item will get a lot of exposure to many people. In

addition, I also like that there are no person to person selling. I just have to take a picture of the

item and describe the item accurately. After using the fee calculator several times I think that

the fees are not too high.