Hi Donkeyman, My take on UBID vs. BID.COM:
UBID has a comparable site to BID.COM. The one key difference is in the quantity of an item available. When you click on a particular computer they will have quantity 24-60 available for bid, while BID.COM shows 2. In many cases, though, UBID's time frame is a couple of days. BID.COM seems to go every day (at least on the U.S. site)
UBID's revenues in the 4th quarter 1988 were 4 times that of BID.COM. That can be attributed to those numbers.
The KEY difference between BID.COM and UBID in my mind is the Future.
It seems to me that companies like UBID & EBAY have developed their sites and STOPPED (other then signing on affiliations and having new products). Looking at UBID's press release page doesn't suggest they are moving forward like BID.COM.
They are relying on the increase of traffic, alliances with companies like AOL to make their bottom line bigger.
BID.COM is not stopping there. They are looking 3-5 years out. Being in the U.S., Canada, going to Europe, developing new types of auctions, looking forward into broadband cable, licensing, etc, etc, etc.
So, maybe their revenues aren't up to snuff with the competition right now. I think their diversification will make them tops in the field down the road.
Press release pages:
UBID
ubid.com
EBAY
ebay.com
John |
