It is estimated that over 40 million Americans now work from home. Online auction sellers have emerged and are currently leading the home-based business revolution. The current dot-com shakeout indicates that the true nature of the Internet lends itself towards smaller niche players. Huge corporate funded web businesses are failing at a dizzying rate while independent Online Auction sellers and entrepreneurs are prospering at a rate that is unprecedented. The reason for this is simple.
Online auctions are simply the easiest way to complete a business transaction on the Internet.
Unlike other businesses, home-based or larger, online auction selling requires very little startup investment. Most sellers begin with a computer, Internet connection, and a little business know-how. You'd have a tough time finding a top tier eBay Powerseller that got started with a bank loan or corporate financing. Online auction sellers may proceed and grow at their own pace without the worries of catastrophic financial loss. The current dot-com shakeout has revealed that Online Auctions and Pornography are the only two online business sectors that continue to grow in popularity and profitability.