preview

Proxibid Vs Shopgoodwill Case Study

Satisfactory Essays

Proxibid and Shopgoodwill.com are two online auction websites that have many things in common when it comes to their operating rules. Both require buyers to first register as a buyer before bidding on their site. Buyers are able to browse through different auction categories and participate in different types of auctions. When the buyer finds an item that he wishes to buy, the buyer can place a bid. For the bid, the buyer has to fill out how much he is willing to pay for the item and must also input the password that allows the buyer access to the site. The buyer then can receive three possible confirmation emails notifying them if they are a“highest bidder,” have been “outbid,” or are “not allowed to bid.” If the buyer has bid the most …show more content…

Reserve Price, Dutch Auction and a Buy Now Auction are the main auction types at Shopgoodwill.com. Reserve Price is when the seller sets a price that the buyers have to meet in order for the item to be sold. If the price is not met, then the item is not to be sold and will be listed as “Reserve Not Met.” A Dutch Auction has two or more of the same items for sale, and the Buy Now Auction means that the buyer can buy the object at the given price immediately. Proxibid, on the other hand, allows for Live Auctions. Live auctions can take place anywhere in the world when sellers upload their inventory in advance to the bidding day to allow pre-bids. Once the live auction starts, bidders can compete with other bidders in real time. This site also has Timed Auctions, where the auction has a deadline and the buyer who has the highest bid at the end of the time period wins the auction. Sellers can also allow for an Extended Bidding time so that more buyers have a chance to bid. This site also allows buyers to participate in multiple auctions at once. Even though the two sites may have different auction types, they follow very similar procedures so that the buyers can have a fun and relaxing

Get Access