>>EBAY????? ONSL already tied up with YHOO for person to person auctions, If I
wanted to sell my camcorder would I go to EBAY and pay 5% on my sale, or go
to Yahoo for free ? Chances are I've not even heard of EBAY, unless I'm a stock
market addict.<<
I'll tell you EXACTLY where you'll go if you are a smart seller. You will go to eBay. First, on something like a camcorder, eBay only takes about 3 percent IF it reaches your desired price. The 5 percent is only on the first $25. Example: $2 listing fee, 5 percent of the first $25 and 2.5 percent after that. Let's say your camcorder brings $500. Your total eBay fees are $15.12, or about 3 percent. (On Yahoo, you probably wouldn't sell it because there are SO FEW BIDDERS. They've got the sellers, but not the buyers.)
eBay BRINGS in the traffic, so that you get a good chance at a decent price for your camcorder.
As far as the OnSale/Yahoo person to person auctions. Let's see, there are 90,000 of them running right now, compared to 1.1M for eBay. eBay makes money when an item sells, and gets a listing fee even if it doesn't.
eBay stock is overvalued, in my opinion, but they have the superb business model. No contest whatsoever.
As far as people not having heard of eBay: well, 1.1M auctions doesn't seem to back it up, but if you believe that, imagine how far eBay has to go before they get close to saturation.... |
