“In the future there will be two types of companies …those on the Internet and those out of business”, – Bill Gates said in his world bestselling masterpiece “Business @ the Speed of Thought” back in 1999. Nowadays, each and every, who kept their ears open to the words of business-guru, could be called “bill-gates” of their own sphere. If you’re dreaming about seeing your company flag, victoriously fluttering on the very top of the business world, and having look from there on the bald heads of your competitors, who are at each other’s throats for some crumbs from your negotiations table – this article is worth reading for you.
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Online auctions are the ones held over the Internet. As opposed to traditional auctions online ones are held at a long distance from their target audience. You can participate in them without any need to be at the venue itself, as you can stake through special computer programs or Internet sites” – that’s the short definition for “online auction” term, suggested by Wikipedia. But what are the specific features of this kind of online business, and what exactly makes it different from traditional kinds of auctions? And why did online auctions become so popular last time?
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