On-line Auctions

Online auctions allow users to bid for a product or a service over the Internet The most typical sites which apply this business model is eBay.  When compared to other online line shops which can also be found on the high street, online auctions can be classed as a way to save money, this is because people can start to bid what they feel right is for the product and don’t necessarily have to pay the price originally paid for it. Due to this and the excitement you get when you are in a bidding war with some one you have never met before, some people can become addicted and then because you bid, even though they could start off with a matter of penny's you could soon be spending way more than a hundred pounds. People using online auctions can often think they will loose money, however in most cases a minimum sale price can be set up ensuring them a certain amount.