What is MyEAC.net?

MyEAC.net is a virtual trading place that brings buyers and sellers together and allows them to buy and sell virtually anything in an exciting auction or Fixed Price format, using the Internet. Price of goods offered under Auction on MyEAC.net are not fixed. The price is determined by the minimum price that the seller is willing to accept for his product and the maximum price that the buyer is willing to pay. Sellers are able to convert their unwanted products to cash and buyers are able to find products at very desirable prices. Goods sold range from vacation packages to computers, home electronics, motor vehicles, books, music and sports equipment. Other vendors may be individuals selling new or second hand goods.

In the Consumer to Consumer arena, MyEAC.net views itself as a replacement to the traditional Newspaper's classified section. Whereas in the Business to Consumer sector, MyEAC.net simply serves as a virtual shopping mall, letting virtual shopping space to vendors to display their good on offer to their virtual clients.

How does MyEAC.net work?

Without registering or divulging personal information, Internet users are able to browse descriptions and images of all products offered. In order to participate in the auction, users are required to register, which takes approximately one minute. They will then be assigned an account number and passwords, which will allow them to bid on products and to list their own products for auction. When listing an item the seller decided what the reserve price will be. This amount is not disclosed to other users but there is a message on the product page saying whether or not the reserve price has been met. (Note: The bidding may start below the reserve price). The reserve price is the least amount that the seller is willing to accept for the product.

Goods are displayed on auction for a period between 1 day and 4 weeks. The seller decides the auction period, usually depending on the type and value of the item on offer.

On completion of a successful auction i.e at least on bid over the reserve price - if one is set- both buyer and seller are notified automatically by the system of the successful deal. Thereafter both parties make contact in order to conclude the deal. Both sellers and buyers are bound by the legal agreement which they sign upon registration on the site.

Why Use MyEAC.net?

Its a solution for not only selling excess/unsold and perishable inventory, but also reaching the hitherto unreachable market of consumers spread across your locality and the region. Only a fraction of people who want your products ever get to pass by your shop. With MyEAC.net they find your wares and contacts and can make arrangements to either buy online, via phone or come to your shop.

It is a contemporary replacement of the traditional classified Ads section of the daily newspaper where vendors can take a small amount of inventory and sell it in an auction format, thereby maximising revenue by reaching customers that they may otherwise not have reached.

You don't have to to be an expert negotiator or sales person to get a good price for your goods as the market/bidders negotiate on your behalf.

Selling and buying on an auction is a thrilling process, which has proven successful for sellers as well as for buyers- locally and globally.

It offers better exposure to vendors as it is open 24 hours a day, 7 days a week. As a result of MyEAC.net's effective marketing campaign, goods on the site are exposed to higher traffic volume.

As the Business to Consumer level it is the perfect platform for getting rid of excess/redundant stock and pocketing cash.

MyEAC.net offers to vendors free exposure and advertising by being on the site (Advertising through products) which is more effective than the traditional yellow pages where only contacts are maintained.  Over time Yellow Pages contacts prove inaccurate due to lack of update. MyEAC.net software is self cleaning and renews listing contact (by automatic information to sellers) after expiry of sale period.