Get the ultimate tool to increase your traffic and stickiness. An Auction is a tool that people use to buy and sell items through a process of bidding rather than for a fixed price like in a store. Any person or business can buy or sell an item through an Auction. Thirty-five million Americans, or 31 percent of the US online population, participate in online auctions. Auctions are a simple way to add e-commerce to a Web site without needing to have a product to sell.
Auctions provide an excellent solution for Web sites trying to sell excess inventory of products.