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Technology Stocks : eBay - Superb Internet Business Model

EBAY 93.60

-0.3%

Jan 23 9:30 AM EST

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To: mitchell finegold who wrote (144)	9/23/1998 3:39:00 AM
From: Doug Fowler	Read Replies (4) of 7772

Mitchell: I also noticed some softness on the bidding on eBay in August. Any time there are more sellers than buyers, the overall effect will be to diminish the price. I can't imagine anybody getting burned by eBay listing fees, since the most you have to lose on any single listing is $2. Some sellers expect to get retail prices (or better) for items they list. This is not a realistic expectation. First, people expect a bargain on eBay and that is what drives the bidding. Second, your costs to sell on eBay are very low when compared to the more classical methods. The middleman is eliminated. The expectation is that the seller will pass some of these savings on to the buyer. Note: The middleman is not ALWAYS eliminated on eBay. I have recently seen a lot of items listed through a third party (on a consignment basis, or whatever.) That means someone else is trying to get their piece of the pie, adding to the price to the buyer, and I wouldn't be surprised to see a lower success rate on these kinds of auctions (i.e., the seller not getting the desired price, and therefore not getting a sale).

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