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Many C2C sites have expanded and developed existing product categories by introducing category-specific bulletin boards and chat rooms, integrating category-specific content, advertising its service in targeted publications and participating in targeted trade shows.e Bay specifically has also broadened the range of products that it offers to facilitate trading on the site, including payment services, shipping services, authentication, appraisal, vehicle inspection and escrow services.In 2003 US classifieds market totaled .00 billion for both newspapers and online classified ad services.The oldest auction house is Stockholm Auction House (Stockholms Auktionsverk), which was established in Sweden in 1674.Auctions however, have been recorded as far back as 500 B. Deriving from the Latin word augēre, which means to "'increase' (or 'augment')".
Most C2C websites, such as e Bay, have both streamlined and globalized traditional person-to-person trading, which was usually conducted through such forms as garage sales, collectibles shows, flea markets and more, with their web interface.
Many online auction sites use a system called Pay Pal for sellers to receive online payments securely and quickly. Consumer to Consumer transactions often involve products sold via either a classified or auction-like system.
A traditional credit card is not required to use this site because Pay Pal can be linked directly to you bank account. As such, the products and services bought and sold are usually varied in type and have a short development and sale cycle.
The investment into conceptualising and developing a top of the line product or service that consumers are actively looking for is equitable to a retail pre-launch product awareness marketing.
There are many different classifications of marketing.Customer to customer (C2C) markets provide an innovative way to allow customers to interact with each other.Traditional markets require business to customer relationships, in which a customer goes to the business in order to purchase a product or service.The C2C site also e-mails the seller to report who won and at what price the auction finished.