Auction is what? Electronic, online auction

Each of us probably heard such a thing as "auction". Therefore, we know that an auction is a form of bidding, a public sale of goods, which is conducted in order to obtain the highest price for a lot by bidding. Until recently, using this word, we imagined trade in objects of art, for example, paintings or some sculptures. However, recently the concept of this form of selling and buying goods has changed somewhat. Now we have such a thing as an online auction. It is on him that everyone can sell his things. And it is not necessary for this to paint a picture for millions!

How are auctions organized?

The very principle of auctions is most likely familiar to many of us, and there is nothing unusual in this: a lot is put up for sale, for which the participants begin to "fight". The winner is the one who makes the highest bid, as a result of which the goods fall into the hands of the buyer, one might say, at the highest price. Many auctions are also limited in time - this is done in order to limit the possibility of rising costs indefinitely. Also the fact that the time for which you can bet is limited, plays for the benefit of those who want to receive goods cheaper, raising the price in the shortest time until the end of the auction.

Since the auction is a form of public sale, it means that for its conduct it is necessary to ensure the presence of a large audience - people who will bet. This, in turn, causes some technical difficulties. For example, you have to conduct thematic auctions for people who will be interested in a particular category for goods. The downside of real auctions for the same reason is the lack of the ability to sell one product (for example, a tractor) at any time. The owner has to wait for a special auction of agrarian subjects to be organized. This, in principle, applies to any product.

Electronic auction as an opportunity to sell any thing

Such a problem is solved by the currently popular "virtual" auctions, which are held on the Internet. Such services are the largest portals with a large number of categories, in each of which can be placed any product without having to wait for any terms.

The plus of a platform like the Internet site is also the fact that it is visited by a huge number of users around the clock, each of which can become a potential tractor buyer (if we talk about our example) or any other product. The developed market of contactless payments, as well as companies providing services for the transportation of goods, facilitate a simple exchange in the form of money-goods between participants of online auctions.

The largest auctions in the world

If we talk about the number of users and goods sold, then the biggest, without a doubt, can be called an electronic auction eBay. It was introduced in the US, but now this platform sells millions of products around the world. As a result, many users from a number of countries are constantly searching here, trying to purchase the desired lot as cheaply as possible.

In addition to eBay, you can also name the trading platforms of AllegroGroup, which include the largest portals in Eastern Europe (whether it is an auction or not - a question, since there are also sold goods at a fixed price).

How to start trading?

If you want to start trading, you need to understand that a real auction is an event that requires registration in advance, with the provision of documents and, possibly, minimum guarantee fees. If we talk about online auctions, then to participate in them is required much less - you just need to register. For traders in the case of electronic trading, they are sometimes required to confirm their real address and, of course, passport data - in order to eliminate the risk of fraud.

Then you need to provide a description of the product that you would like to sell, providing it with quality photographs. Write so that the buyer wants to bet on your product - this is also a whole art. However, this is already a topic for writing a completely different article.

Revenues from foreign auctions

Everyone who understands that an auction is a marketplace with their turnover of lots and money paid for them, knows about the possibility to receive income. Chances to make money on trade also increase because now many foreign auctions are available to us, where you can buy and sell things (if not directly, at least with the help of intermediaries).

Examples of successful earnings can be called a lot. For example, these are auctions in Japan, which traditionally sell a large number of cars produced. As the price of cars in the country itself is constantly falling because of the release of new models, it is quite profitable to buy them and bring them to our country. In addition, everyone understands how much quality the Japanese automotive industry has been offering for many years.

Auctions as a business

In addition to the possibility of one-time earnings, for some of the most advanced users, the auction is a business that generates a regular high income. The schemes by which you can make money with the help of auctions are many. Someone is betting on the local market, offering products of own production at the auction, others are buying products in bulk, so that later they can be sold via online sites with a weld.

A more global approach is to work with foreign auctions. For example, some rare items, such as old coins or some household items from the USSR, can be resold on the same eBay with a surcharge. At us these things, in fact, do not cost anything.

There is also a reverse scheme, in which goods are purchased in Europe, the United States or Canada via auction directly or through intermediaries, and then come true here on local message boards.

And, believe me, this is not all the opportunities for earning money on online auctions. Where there is a turnover of hundreds of thousands of lots, everyone can find some kind of niche for their own earnings. The main thing is to want and start a search. And your niche: product, category or seller, with which it is beneficial to cooperate - you will definitely find.