| LoginLogic » Philosophy » eBusiness » Model |
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| Internet auction is an eCommerce model that supports dynamic pricing. 1999 - LoginLogic sold Alec Bennett's NZ$16,000.00 grand piano from New Zealand to USA via his web site. eBay.com generated the traffic, the web site and email communications secured the sale. Antiques are sold on aesthics.
Auction technology is subject to the truest laws of supply and demand, eliminating much of the guesswork in creating pricing strategies. Auctions are competitive and participatory; If customers can take advantage of a good deal, you can bet they will be back to be opportunistic again. Internet auctions present effective and inexpensive markets for eCommerce. |