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Technology Stocks : eBay - Superb Internet Business Model -- Ignore unavailable to you. Want to Upgrade?

To: q39 who wrote (7194)	3/3/2003 2:47:17 PM
From: AJ Berger	Read Replies (1) \| Respond to of 7772

New ebaY off shoot is cool I hope they can actually make money. We already know after employee options ebaY makes no money, so good luck... -------------------------------------- AuctionDrop Offers New, Effortless Way to Sell on eBay SAN CARLOS, Calif.--(BUSINESS WIRE)--March 3, 2003--AuctionDrop today announced the opening of its first "drop off" location in the San Francisco Bay Area. Simple and convenient, AuctionDrop lets anyone sell goods on eBay (Nasdaq:EBAY) by simply dropping them off. Customers take their new or used items to an AuctionDrop location and the company takes care of professional photography, eBay listing, payment processing, shipping and returns. Once sold, the customer receives a check in the mail. "We've created the easiest way to sell on eBay," said Randy Adams, chief executive officer of AuctionDrop. "You don't need any experience. You don't even need a computer. Just drop it off and our knowledgeable staff does all the right things to sell it on eBay at the highest price." No payment is necessary, as AuctionDrop makes its money by taking a variable commission on the sale. Customers can bring in anything that is legal to sell on eBay and can be shipped by UPS (under 150 lbs. with some size restrictions). AuctionDrop will evaluate it, photograph it, write a description and list it on eBay at exactly the right time to get the best sale price. Once the auction ends, AuctionDrop takes care of payment processing and shipping, and sends a check to the customer. If an item doesn't sell the first time, AuctionDrop lists it again for free. If it doesn't sell the second time, the customer can choose to pick it up or have it automatically donated to charity for a tax deduction. "AuctionDrop is the right business to build in these times," said Heidi Roizen, managing director at Mobius Venture Capital. "It taps into the huge and powerful online marketplace eBay created and brings online selling to the millions of consumers who might not have the time or expertise to navigate through the selling process." "There are millions of dollars of extra things sitting in people's homes around the Bay Area," said Bill Rollinson, chief marketing officer at AuctionDrop. "We make it easy for people to turn those things into cash. In this economy, we think that's important." Located at 1125-B Industrial Road in San Carlos, California, AuctionDrop is open 10 a.m.-9 p.m. Monday thru Saturday, 11 a.m.-6 p.m. on Sunday. A ribbon-cutting ceremony is scheduled for 3 p.m. Monday, March 3rd followed by an open house.