Online Mind Mapping and Brainstorming

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Chap. 6 Online Auctions, Virtual- Communities, and Web Portals by Mind Map: Chap. 6 Online Auctions, Virtual- Communities, and Web Portals
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Chap. 6 Online Auctions, Virtual- Communities, and Web Portals

Auction Overview

Online auctions provide a business opportunity that is great for the web. An auction site can charge both buyers and sellers and can also sell advertising. This is a revenue generating characteristic that makes it easy to develop auctions that yield profits.

English Auctions (Ascend- ing price auctions)

Dutch Auctions (Descend- ing price auctions

First-Price Sealed-Bid Auction

Second-Price Sealed-Bid Auction

Open-Outcry Double Auction

Sealed-Bid Double Auction

Reverse Auction

Important Definitions

Bid

Shill Bidders

Reserve Price

3rd party assurance provider

Proxy Bid

Escrow Service

Lock-in Effect

Reverse Bid

Snipe

Participatory Journalism

Monetizing

Online Auctions and Related Businesses

General Consumer Auctions

Specialty Consumer Auctions

Consumer Revenue Auctions

B2B Auctions

Auction-Related Services

Auction Escrow Services

Auction Directory and info Services

Auction Software

Auction Consignment Services

Virtual Communities and Web Protals

Virtual Community (Web community)

Web communities in the second wave of E-com