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Strategies & Market Trends : The New Economy and its Winners
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To: Libbyt who wrote (8039)7/30/2001 3:25:45 PM
From: techanalyst1  Read Replies (1) of 57684
 
I like ebay's biz model alot. I don't think they'll ever go away, auctions will be strong in both good times and bad and will only get stronger as time goes on. I think that corporations are going to continue to sell their clearance merchandise by way of auctions and maybe even increase current merchandise if they can get enough for the items since they don't have to display the merchandise on retail floors saving them rent, the chance of damaged goods and employee costs.

But what's to prevent a company like JCP from operating an auction on their own site when people get more used to buying this way and surfing the net? I mean why wouldn't they try to do that to save the fees?

Ebay: A company that was able to monetize the net, make use of a search engine for more than information, good targeted email for new auctions, almost immediate notification of outbidding, easy placement of auctions including pictures, has no inventory, the only company to significantly get traction in the overall auction arena, and collects rent and fees automatically from credit cards while making the seller and buyer work out their own differences. Still able to raise fees and keeps the sellers coming back with both buyers and sellers seemingly very happy.

Great biz and they get my award for best use of the net but pricey stock.

TA
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