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Activity Work through the following slides and complete the activity at the end.

How do online auctions work?

How do online auctions work?

Emma wants to sell her digital camera. She checks the auction website for similar models and sees bids ranging up to £200.

£200

How do online auctions work?

When a seller lists their item, they provide a description (detailed is best) and clear photos.They set the item's starting price. A lower price can attract more bidders, but might result in a lower final sale price.They choose the auction duration, which can be up to two weeks.

How do online auctions work?

Emma lists her camera on the site.

How do online auctions work?

Potential buyers view the item online and place their bids.After one day, user PhotoEnthusiast bids £100. The next day, CameraCollector outbids with £110. These two users continue bidding until the auction ends, with CameraCollector winning at £170.

How do online auctions work?

CameraCollector pays £170 using secure online payment.

Emma receives payment (minus website fees) and posts the item to the buyer.

How do online auctions work?

Emma receives payment (minus website fees) and posts the item to the buyer.

Both the buyer and seller leave feedback for each other. This is important as it lets other people know if they can be trusted and positive feedback improves a user's rating, which can lead to more successful future transactions.

How do online auctions work?

Emma receives payment (minus website fees) and posts the item to the buyer.

Now it's your turn! Let's practice making smart decisions when auctioning a laptop online. Remember: Online auctions are for users 18 and older.

How do online auctions work?

You've upgraded your laptop and want to sell your old one. Here are the details:

  • Brand: TechBook Pro
  • Age: 18 months old
  • Condition: Good, with minor wear on the keyboard
  • Specs: 8GB RAM, 256GB SSD, 15" screen
  • Original purchase price: £800
What's your first step? (Click which one)

Research similar TechBook Pro listings?

Decide on a starting price for your TechBook Pro?

How do online auctions work?

Laptop details:

  • Brand: TechBook Pro
  • Age: 18 months old
  • Condition: Good, with minor wear on the keyboard
  • Specs: 8GB RAM, 256GB SSD, 15" screen
  • Original purchase price: £800

Techbook Pro in good condition, minor wear, 8GB RAM, 256GB SSD, 15" screen

Techbook Pro in good condition, original purchase price £800

You've decided to list your laptop at a starting price of £250. You've uploaded an image of your laptop and now need to choose a description. You've drafted the following three descriptions. Click on the description you think is best to use for your listing.

Techbook Pro in excellent condition, 18 months old, 8GB RAM, 15" screen

Play again

You have completed this activity.

This isn't an accurate description. The item isn't in excellent condition as there is wear on the keyboard. A buyer may leave a bad review upon receiving this item and discovering that it isn't in the condition stated in the description.

Sorry, that's not correct.

This is an accurate description that contains essential detail.

That's correct!

It's good practice to research listings of similar items before setting your price. This research helps ensure that you set a fair and competitive price for your item.

Sorry, that's not correct.

This description doesn't give enough detail and most likely won't get much interest.

Sorry, that's not correct.

It's good practice to research listings of similar items before setting your price. This research helps ensure that you set a fair and competitive price for your item.

That's correct!