The Various Types of Online Auctions

1
Overview of Online Auctions
Presented by Green Delta Auctions www.greendeltaa
uction.com
2
Auction 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.

3
Online Auctions and Related Businesses

• Types of online auctions
• General Auctions
• Business to Business Auctions
• Webcast Auctions

4
General 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

5
Business-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  itself with outdated items that it formerly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.

6
Webcast 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.

7
THANK 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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