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Why were auctions so popular on eBay when it started?

Why were auctions so popular on eBay when it started?

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Answer #1

Ans. Auction on eBay was popular because

(a) The buyers can bid without paying any commission i.e. there was no hidden cost that made it a safe place, thus popular.

(b) Almost everything was available on auction i.e. buyers had many buying options thus made it popular.

(c) There was ample variety & availability of goods on auction - high choice bracket

(d) Buyers can purchase directly without any middleman agent.

(e) Bidder got a sense they are in a market place - high comfot zone.

All these were primary factor for eBay popularity in the begining.

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