E-commerce :: essays research papers

test head ECOMMERCEeCommerceThe Popularity of Online AuctionsAbstractThe Popularity of Online AuctionsThe opportunity to shop from the blow of whizs own domicil has seen a change like never seen before. Within the span of a few short years, what may fix began as an experimental opinion has grown to an immensely popular hobby, and in some cases, a mode of livelihood, the online sell gathers tremendous response every twenty-four hour period, all day. With the point and click of the mouse, one may looseness on an peak they may need or just want, and in moments they find that either they are the top bidder or someone else wants it more, and youre outbid The excitement of an auction all from the comfort of home.With this opportunity to buy sight unseen also comes the opportunity to be scammed sight unseen as well. There are over 30 one million million million hits each month on the online auction sites, and that is opportunity waiting to be taken for those with the criminal in tent of defrauding others.However with a minuscular care and caution, one can have a positive work through doing business on an online auction, and each party can leave at rest with their deal, whether they are the buyer, the seller, or the conveyance that brought it all together. eCommerceThe Popularity of Online AuctionsCongratulations This eBay item has successfully ended. (eBay, retrieved 11 April 2002, Sellers Guide, http//pages.ebay.com/help/sellerguide/after-whatnow.html) Many people each day receive this message in their e-mail box, notifying them that they have won the bid on an item listed with eBay, for sale to the highest bidder. In fact, online auctions have become so popular, they are gathering multi- zillion dollar per year business. Top auction sites, January 2002 office     Unique visitors     Site     Unique visitorseBay     28.9 million     Myitem.com  &n bsp  860,000Yahoo Auctions     3.7 million     Bidz.com      612,000uBid.com     3.1 million      BuyBidWin.com     487,000Andale sites     2.2 million     PhilTanny.com     279,000QOOL.com     977,000     SkyAuction.com     262,000All auctions      32.3 million          Note Usage numbers for several(prenominal) sites exceed total because duplicate users, those visiting more than one site, have been eliminated. The total does not include Amazon.com Auctions.Source Jupiter Media Metrix(Mulrean, J., 5 steps to avoiding auction rip-offs,retrieved 12 April 2002 from MSN Money,http//money.msn.com/articles/smartbuy/dollarwise/9013.asping ground for fraud.) In 2000, the eBay partnersh ip transacted more than $5 billion in one-yearized gross merchandise sales (value of goods traded on the eBay site). (eBay, retrieved 11 April 2002,Company Overview, http//pages.ebay.com/community/aboutebay/overview/index.html), and for all of 2001, EBay generated revenue of US$748.8 million, representing a 74 percent annual growth. That is serious money by anyones standards. "EBay has been profitablenearly since mean solar day One," Morningstar analyst David Kathman told the E-