Over a span of five years, starting from 2009 up until now, 2014, the United States e-commerce and online auction liquidation services industry grew by a booming 10.3% each year. That percentage is a shows a large increase and leads to inferences that the industry will certainly continue to grow as the future prevails. In 2002, online auctions were claimed to account for 30% of all online e-commerce because of a quick expansion of the popularity, the technique, the value, and the form of shopping and selling, commonly known as electronic commerce. Today, there are about 131,447 online auction liquidation services and e-commerce businesses located and accessible in the United States alone.
You may or may not be familiar with one or many of the popular, commonly used, mainstream online auction liquidation services available to the public. More and more, new e-commerce and online auction websites are creating a domain and entering the competitive world of auction. A recent study found that 26% of internet users in the United States have participated in some form of an online auction at least once in their life.
There are, of course, pros and cons when holding conversation about the world of e-commerce and online auctioning. Most people would say that there are more pros than there are cons. That being said, it is not foolish to assume that this industry shows will not be settling nor diminishing any time soon. After all, the United States e-commerce and online auction industry generates approximately $298 billion in total revenue every year. There are about 266,052 people who work a job or have a career in the e-commerce and auction industry.
Overall, the spawn of online auction liquidation services and auctioning has left a significant impact on the culture of America. There has been an observable shift in how people buy and sell products. The world of e-commerce and online auctioning enlarges and broadens the opportunities, possibilities, and capabilities for sellers and consumers, giving them more flexibility and options.
Online auctions offer an expanded and updated variety and selection of goods and products that can be bought and sold by people. Users have more options for retail liquidation and search platform. Online auctions are popular spots for bids on machinery and equipment appraisals that cannot be found easily anywhere else. You can even find a medical supply auction online and end up saving or making a good amount of money.
Online auction liquidation services diminish many of the scheduling problems, deadlines, and time constraints. Many online auctions can run 24/7, unlike traditional auctions that have time limits. This allows for more participants and bidders, while still providing equality. Online auctions give sellers and consumers access to a global market, allowing for more exposure, wider searches, larger target audiences, and more product variety.