Rizky Prahesa

The online auction business model is one in which participants bid for products and services over the Internet. The functionality of buying and selling in an auction format is made possible through auction software which regulates the various processes involved.

When one thinks of online auctions they typically think of eBay, the largest online auction site. Like most auction companies, eBay does not actually sell goods that it owns itself. It merely facilitates the process of listing and displaying goods, bidding on items, and paying for them. It acts as a marketplace for individuals and businesses that use the site to auction off goods and services.

Several types of online auctions are possible. In an English auction the initial price starts low and is bid up by successive bidders. In a Dutch auction the price starts high and is reduced until someone buys the item. eBay also offers fixed price listings.

Online auctions have effectively created a giant virtual marketplace where people can gather to buy, sell, trade and check out the goods of the day. They’re enormously popular, high-traffic venues where you can begin selling product almost immediately, with…

• No overhead or upfront costs
• No sales staff or distributors
• No website of your own
• No initial investment (you’ll pay between 2 and 5 percent of your final sale price to the auction site)

In this massive marketplace, the auction site that rules the game is eBay. According to the Neilson Ratings, eBay is among the top ten most-trafficked sites on the Internet. eBay leads the online auction industry with a more than 60 percent share of the market, while its closest competitor, Yahoo! Auctions, is only half its size. Amazon.com Auctions follows at a distant third.

The amount of traffic these sites attract make online auctions an ideal place to capitalize on readily available, widespread exposure. However, know this: The competition is fierce in popular categories, and your product can easily get lost among the hundreds of listings.

APPLETS

Even defining an applet as a small application can be problematic. Multimedia or data-heavy “applets” can take a while to load and chew up far more memory than an “online app” that is not considered an applet. However, an applet as a “small application” befits its etymology of the word and is the most common definition for it.

Java Applets
The most frequent types of applets are Java Applets, which are applications that load within a Web browser or other Java-enabled application. To use Java Applets, Web browsers need to have Java Virtual Machine (JVM), which extends the capabilities of the Web browser. Because of the universality of Web browsers, applets made with Java are ostensibly cross-platform and usable on nearly any computer.

Source:

http://www.life123.com/technology/computer-software/applet/what-is-the-meaning-of-applet.shtml

http://en.wikipedia.org

http://www.entrepreneur.com/encyclopedia/term/82604.html

This entry was posted on Friday, November 5th, 2010 at 2:17 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.