Emerging Industry Overview: E-Commerce: Online Auctions
Industry Snapshot
Garage sales may not yet be obsolete, but folks wishing to unload their attic collectibles have discovered a new way in which just about anything can be sold to anyone with an Internet connection. As a bonus, sellers are relieved of the ominous chore of hauling their wares to the flea market or to the end of the driveway, and they could reach millions of customers rather than the handful they would attract in a physical setting, thereby assuring greater and more lucrative sales. Online auction sites, which put prospective buyers of...