Tony,
I have visited quite a few other auction sites since I first
learned of eBay. One of the best ones I located for person to
person is AuctionUniverse, a Times-Mirror Company. Presently
they have 16,204 items for auction. This is even down from their
high of 18,000 and something. Compare that to eBays 680,000 items
at auction. They have created a traffic pattern which which at
present seems unsurmountable by any other company to date. Look
at what happened to Onsale Exchange it went nowhere, and now Yahoo
is going to make it pop? I don't think so. EBay also owns
Up4Sale a free person to person auction with the second largest
membership that I know of. And I'll bet that most of the sellers
who try UP4Sale eventually go to ebay for real results. That is
more than likely why eBay bought the site, just to prove they
rule, and you get what you pay for. Just as the first thread says
eBay-Superb Internet Business Model, but more importantly they
have the brand. They also had a 20% pretax net margin of 2,900,000
for the first 6 months of 98'. I still don't know why they set
aside 2,552,000 of that for taxes for that 6 month period. I
think eBay will rage, just have to wait and see. Steven Wexler |
