Title: The Various Types of Online Auctions
1Overview of Online Auctions
Presented by Green Delta Auctions www.greendeltaa
uction.com
2Auction Overview
- Auction is the process of buying and selling
goods and services by offering them up for
bid,taking bids,and then selling the item to
highest bidder. - An Auction is generally an event in which goods
are sold to highest bidder.As it is for the
public,an auction ensure a wide range of bids and
sometime auction can fetch to higher prices. - Auction are used to sell many things in addition
to antiques and art. - The key to an auction-A bunch of people who are
intrested in buying the same object and taking
turns offering a bids on the given object.The
right to buy the object goes to the highest
bidder.
3Online Auctions and Related Businesses
- Types of online auctions
- General Auctions
- Business to Business Auctions
- Webcast Auctions
4General Consumer Auctions
- Most common format used on eBay
- Computerized version of the English auction
- eBay English auction
- Allows a seller to set a reserve price
- Bidders are listed
- Bid amounts are not disclosed until after the
auction - Allows sellers to specify that an auction be made
private
5Business-to-Business Auctions
- Liquidation brokers
- Firms that find buyers for unusable inventory
items - Online auctions
- Logical extension of inventory liquidation
activities to a new and more efficient channel,
the Internet
- Ingram Micro
- Major distributor of computers and related
equipment to value-added resellers.Often finds
itself with outdated items that it formerly
turned over to liquidation brokers.
6Webcast Auctions
- Webcast Auctions are the combination of live
auctions and online auctions. - Real-life auctions are caught on webcam, while
bidders both in the building and watching online
can place bids. - In some cases, you need to visit the auction
house first in order to get yourself registered.
7THANK YOU!
These are some of the different types of online
auctions that are gaining huge popularity
worldwide in current times! To take participation
in the auctions and get the best deals, visit the
Green Delta Auction Website Now!
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