Growth of Online Auctions

Remember the good old fashioned auction where youaccording to a new survey conducted for eBay by
rocked up and could crawl all over the goods, pickingACNielsen International Research, a leading research
and pocking at it to see whether there was somethingfirm. More than 724,000 Americans report that eBay is
wrong with it?their primary or secondary source of income. In
I remember when people where reluctant to buy thingsaddition to these professional eBay sellers, another 1.5
from auction for the fear of buying someone else'smillion individuals say they supplement their income by
problems even when they could inspect it beforeselling on eBay, according to the July 2005 survey.
auction including the fact that most reputable auctionIn the first six months of 2005, eBay members in the
houses even did some kind of pre inspection on goodsU.S. sold merchandise worth approximately $10.6 billion."
and let you know there was something wrong with it.In the automotive market major manufacturers are
And now. Now you can go to online auction centersmaking great use of online systems to sell ex lease
and buy anything you can think of from just about anyvehicles saving them transportation costs,
part of the world. How times change.reconditioning fees and auction fees. For more details
Well.... what changed?visit to Some manufacturers are now selling up to
Was it the convenience of easily being able to locate40% of these vehicles via online auction. For
goods?purchasers it is a relief to not have to travel to an
Or the fact you didn't have to wait for auction day asauction and spend a day standing around a
there are auctions taking place every minute of thewarehouse to get the vehicles they need.
day. For more details visit to Or the rise and rise of theHow times change and there appears to be no
internet as a shopping tool.restrictions to what can be sold online as anything
Or brand name marketing that gained consumer trustfrom machinery to a dolls dress can be found for sale.
and the mass marketing of its services namely ebay.Looking around traditional auction centers they all have
I believe it's a combination of all those factors and thesome kind of online auction system in place as well as
fact that consumers themselves can also makethere traditional style.
money online via online auctions further promoting itsSo how long will it be before they all move to online
use.and the traditional style of auction is dead? I can see
In a recent press release from ebay "Entrepreneurs inthe freight business picking up!
record numbers are setting up shop on eBay,