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Is This The End For Online Auctions

In recent years have grown to huge proportions, attracting
vast audiences and making the owners mega rich in the process from listing
and process fees, but is it all good news for web surfers?

Buying, or rather going through the motions of trying to be a buyer of goods
listed on an auction site is fun and interesting, and tinged with much
disappointment when you fail to land a bargain buy. All too often you are
beaten in the final minutes of an auction after spending days watching

Some reports suggest that buying by online auctions are like gambling and
can become highly addictive. Safe for sure if all you do is watch or bid,
but never WIN or buy anything. All too often out of frustration or
desperation you can end up buying an item for a silly high price often more
than the new cost.

All too often buyers forget the risk they take over quality and authenticity
of their buy and the extra cost of postage and packing which often can be
higher than the cost of the goods bought.

The higher the value of goods bought potentially the higher the risk, no one
minds loosing a few dollars or pounds but hundred or thousands is another
far serious and sinister issue. Let the buyer beware is never more true with
online auctions.

Would you run 3 miles to buy a dollar for 30 cents?

For low value goods the high cost of listing fees and display options can
erode the eventual sale price (if any) or leave the seller with no sale


a hefty fee for listing.

The amount of work and effort to list low value items makes for the seller a
less attractive deal, and many have found the new bred of swap or trade
sites an attractive alternative.

For a small fixed annual fee at worst the new breed of web site allows users
to list items on offer (usually free) and all you as "buyer" does is agree a
trade - either with something you have and they need or for points.

Once you see a desirable item - clothes, jewellery and other wearables seem
the most popular at present you offer a trade with the lister usually just
for the cost of postage. Since no actually money changes hands for the goods
fraudsters are deterred from listing on such sites and users to date are
enthusiastic about quality of offers.

Whether this new community of swappers will grow, only time will tell, but
let's not forget the massive online auction sites are only a few years old,
showing how quickly a new idea can spread across the internet.




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This page was updated on May 2009 and is Copyright © 2003 by Global Com Consulting Inc.