Tuesday, March 08, 2005

Internet Auctions - The New Face of E-commerce

Internet Auctions - The New Fact of E-commerce
by Victoria Wadelly

Just about everybody knows someone who has sold something on eBay. If you don't know what to do with something a common response is Sell it on the Bay. Internet auction sites are actually changing the face of e-commerce and small-business around the world. 30 million people visit eBay on any given day. And that is only eBay. There are many other auction sites that are quickly gaining in popularity including: Overstock.com, Yahoo auctions, and Bidville.

These Internet auction sites allow sellers to put up items for sell or auction for a small listing fee and a percentage of the selling price. Millions of people can be found shopping these sites looking for bargains and hard to find items.

Bargain hunters can find super deals at these auction sites and those interested in a business opportunity have an easy way to break into e-commerce. There has probably never been a better opportunity for people to get started in their own business with so little money up front. For example, on eBay a seller can set up an online store within only a few minutes and be selling from their own URL address for less than $20 a month. It is really that easy and the only problem an individual faces is finding things to sell.

Finding products to sell is no easy task. It requires a consistent and regular effort. There are many sources for finding products to sell at online auctions. Some of sources used by successful sellers include: their own attics, garage and yard sales, clearance racks at major department stores, wholesale suppliers, liquidators, drop shippers and thrift shop. Drop shippers are becoming very popular for sourcing products for auction seller because the seller does not have to invest a lot of money in inventory. Drop shippers will ship products directly to customers for an additional fee above the wholesale price.

Because the traffic is already at these online auction sites it provides the perfect place for anyone to start an online business. Finding customers to buy your product is the hardest part in starting a new business whether it is an online business or not. All you have to do is show up on eBay because the traffic is there and you don~t have to worry about spending a small fortune on advertising.

The other reason why individuals can successfully compete in the global market on Internet auctions is because everyone is on level ground. The multi-million dollar corporation does not have an advantage over the individual selling out of his apartment. The resources and tools available to sellers are the same. If you have ever dreamed of owning your own business but didn~t have the money or knowledge to get started now is your chance. Your first sale is probably neatly tucked away in a box your garage or attic!

Victoria Wadelly is the webmaster and owner of YE
http://www.fargoauctions.com
is an excellent place to find auction links, resources
and articles. For more information on this article,
please visit:
http://www.fargoauctions.com/

21 comments:

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