•The advantages of conducting
online auctions include a large pool of potential bidders, 24-hour access,
and the ability to auction hundreds of similar items
simultaneously.
•
•By the end of its second year in
operation, eBay had auctioned off over $95 million worth of
goods and was profitable.
http://www.ebay.com
•
•Both buyers and bidders benefit
from the large marketplace that eBay has created.