Recently I have come across thread postings on a couple of different web forum websites that I am a member on that had topics and stories of sellers not going through with a transaction for something that the seller had listed up for auction on a website. The sellers had stated to the winning bidders, that they were not going to go through with a sale because they didn’t get a good enough winning bid for them to complete the transaction. These were what is called a “No-Reserve” auction. Now, in a “No-Reserve” auction a seller lists their product/item/etc. for sale and they are supposed to sell it to the winning bidder, no matter what the winning bid amount is. These type of auction listings are usually put up by the seller as a “No-Reserve” auction so that it will draw more attention to their auction listing, thus increasing the potential for more bidders on their auction listing and hopefully a higher price that they would have gotten with a “Reserve Price” auction. A “No-Reserve” auction draws more attention than an auction for a product/item/service that has a set reserve price (a minimum price of which a seller isREAD MORE !
This is my second installment of “My Featured Website” so I thought I would talk about one of my other favorite websites, eBay.com. Now I am sure pretty much everyone has heard of eBay. They are the biggest online auction website in the world and have been around for getting close to twenty years. Many people who are looking to buy something online start at eBay.com first to check for product availability and prices for those products. On eBay you can buy just about anything that can be shipped or sent by the USPS (US Mail),UPS, Fedex and any other carrier. You can even buy things that can’t be shipped like cars, boats, etc. On eBay.com you have large and small business selling their goods as well as individuals selling as well. Here pretty much anyone can sell what they have to offer and the little guys get a chance to compete against the bigger companies for your hard earned money. Most people who know or have heard about eBay know them as an online auction website and that is what they are known for. However one thing that not everyone knows is that on eBay.com you can buyREAD MORE !