WHAT IS AN ONLINE AUCTION?
An online auction is an auction which is held over the internet.
ADVANTAGES OF ONLINE AUCTIONS
No physical location
There is no need for a storefront inventory can be kept at home, saving money.
Can be run from a computer at home or anywhere.
Lots of information about this subject.
Time& money saving
Online auction saves time and money.
Plenty of choice
There are lots of different choices online.
Auctions are updates and ended, with fast results.
Time extensions can be done very easy.
An advantage online is you can compare prices.
DISADVANTAGES OF ONLINE AUCTIONS
Auction times are fixed depending on where you sell.
Bidders are kept anonymous.
You must be careful on fake sites.