Extracted from Wikipedia (the free online encyclopedia),
An online auction is an auction which is held over the internet. Online auctions come in many different formats. The scope and reach of these auctions have been propelled by the Internet to a level beyond what the initial purveyors had anticipated. This is mainly because online auctions break down and remove the physical limitations of traditional auctions such as geography, presence, time, space, and a small target audience. This influx in reachability has also made it easier to commit unlawful actions within an auction. In 2002, online auctions were projected to account for 30% of all online e-commerce due to the rapid expansion of the popularity of the form of electronic commerce.
Everyday I come across people who wants to make money smartly on the web but has different perspective or expectation regarding wealth creation online and offline. Here’s an interesting article written by a successful person sometimes ago and I hope you will enjoy the read!
8 Myths About Creating Wealth by Nikola Grubisa
You have probably read or heard about various myths (these are the truths that are valid only for certain cases, but not in general) surrounding wealth and wealthy people, all of which hinder your quest for financial independence.
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All great masters are chiefly distinguished by the power of adding a second, a third, and perhaps a fourth step in a continuous line. Many a man has taken the first step. With every additional step you enhance immensely the value of your first. -- Ralph Waldo Emerson