Auction By The IMC Team | Posted February 23rd, 2009
Auction sites are websites dedicated to online auctions. A typical auction site enables users to post listings for merchandise, and then tracks bids from potential buyers up until a predetermined closing date and time. After the auction closes, the winning bidder (usually the person who placed the highest bid) has the right to buy the item for the last price bid.
Besides being a venue on which you can sell merchandise, auction sites can also be used to generate leads for your own web store. However, auction sites have very strict rules about how you can do this, so make sure you familiarize yourself with each auction site’s rules and regulations.
The best-known and most popular auction site on the Web is eBay (eBay.com).
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