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The idea of shopping online would become familiar to most readers. The already “traditional” online store will list a true host of products sub-divided by category or genre, and the customer will make a purchase by providing the required shipping and bank details through a secure website. The item is then sent via the post by the seller, and the postman physically takes it to the customer. Click next to know more.
This has heralded the exponential growth of the drop shipping industry, where the person selling the goods does not directly supply or store the products, but functions as a broker in practise, purchasing the products to order only as and when the buyer asks for them.
On the other hand, certain online retailers will still hold stock and distribute it themselves when and when a sales request is made for an item or products. This is especially true when we deal with long-established retailers such as Tesco and Waitrose, where requested products are supplied almost literally from the shelves and delivered directly to the customer.
The specialist dealer is a somewhat different form of online trader that is rapidly at the forefront as the world is catching on ever more thoroughly to the phenomenon of online shopping. Here the retailer works within a single market , offering products of a specific kind only to the customer who has a particular interest in that sector.
One fascinating trend on online shopping in the world, and a departure from the traditional system in which the seller will sell for a fixed price and the customer will simply settle on the offer, is the auction model that many traders now run. Anyone who uses Ebay will be familiar with the basic concept where a seller offers an item for sale and nominates a starting price, which is the minimum the item can be sold for, and prospective buyers can compete with each other to make a winning bid before the effective bidder can collect.
It is possible for a collector of works of art to combine the specific specialism of a retailer with the philosophy of an online auction, just to provide an example, to participate in an online art auction and to sell the privilege of owning a particular piece against other interested parties. Typically, the connoisseur will have some working knowledge of the worth, or worth (not necessarily the same thing) of a piece of art for sale and will bid strategically to purchase it at some price.
The appeal of the smaller, newer auction sites is often that they prefer to dispense with all the tiny yet frequent, annoying fees for installation and hidden costs, or charge a small fraction of what the more widely common online stores are asking for. Adding to this are other benefits such as free realists, no buyers’ premiums and no listing fees when the item being sold is below a given amount.