Friday, January 29, 2010

Online Auctions Facilitate Trading

In traditional Business or trading there is a gap of time and space between the final customer and the place of production or selling. In case of traditional marketing and trading there are a few extra costs that we don’t see in case of online trading and market. These involve the higher carrying cost, storing cost, cost of retailing and the cost of transportation. Higher cost is required to expand you business and to give growth to the business.

Traditional markets don’t facilitate the customers like the online market places; Because of the gap of time and space. Does a customer have time to listen to a shop keeper or even read an email and then follow it? Even when he knows that there are a lot of competitors of your business who can facilitate him too.

Online auction is one of the best forms of markets and trading .it helps the customer to get the price in the market at his door step. So you don’t need to have a display center somewhere else but on the computer screen of the customer.

Online bidding helps you market you product an engage a potential customer so that he doesn’t move to your competitor and buy things from you.

Bidding website does not restrict time and space for the user or the trader. It gives the user even on weekends so you don’t have a day off. On the other hand the businesses don’t have to hire extra staff for auction website on the weekend for the display of the products at the display center.

Penny auction is the best from marketing your product and earning profits in the form of bids. It forms a network between the user and the business holder and the network keeps on growing every day.

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