Online auctions let millions around the world bid on and sell everything from toys to vintage clothing to auto parts. They're a great way to explore the world of e-commerce, and businesses can use them to research online markets before moving on to a TotalCommerce site.
Most auction sites operate very similarly.
The auction site uses this information to create an item page. When buyers find an item that interests them, they bid on it from this item page. After an auction closes, the winning bidder and the seller contact one another via email to arrange for payment and shipment. If the item doesn't sell, the seller can extend the auction, lower the minimum bid, or remove the item. Online auction houses have devoted followings, so it's easy to get your items in front of potential buyers.