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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (37642)	6/23/2005 11:25:36 AM
From: Bald Eagle	Read Replies (1) \| Respond to of 39683

Well, I couldn't let go of my EBAY, so I removed my stop. This news might help me: News Story EBay, With New Services, Seeks To Stay Competitive>EBAY 11:09 AM ET June 23, 2005 By Desiree J. Hanford Of DOW JONES NEWSWIRES SAN JOSE, Calif. (Dow Jones)--EBay Inc.'s (EBAY) addition of two new services for its sellers is a response to its customers' needs and an effort to stay competitive. Earlier Thursday, the online auction company introduced a service called ProStores and another called Reseller Marketplace. Both options are available immediately. EBay made the announcement just hours before eBay Live, an annual gathering of buyers and sellers, begins in San Jose. The conference lasts through Saturday. With ProStores, eBay will help its sellers and small- to mid-sized businesses set up their own Web sites to peddle their products. Reseller Marketplace matches some of eBay's largest sellers with manufacturers and distributors to purchase excess inventory directly from those sources. The new services are a "natural extension" to help sellers maximize their profits, Michael Dearing, eBay senior vice president and general merchandise manager, told Dow Jones Newswires. EBay is always trying to address sellers' needs and these services are a way to do that, he said. ProStores and Reseller Marketplace also position eBay to better compete with its sellers' existing Web sites and with rivals. Some eBay sellers post items on their own sites in addition to eBay's site, a trend that hasn't gone unnoticed by the company. One advantage for sellers posting on their own sites is they don't pay any fees to another party when they sell items. Also, some sellers became disenchanted with eBay earlier this year when it raised some of its fees. The Reseller Marketplace service puts eBay even more head-to-head with Overstock.com Inc. (OSTK), an online retailer that purchases excess inventory and liquidated items and sells them on its site. Overstock also has an auction option. With the ProStores option, the sellers' own Web sites will be independent of eBay's site. EBay sellers who already have their own stores on the company's site will be able to integrate those stores with the separate Web sites. Although most sellers have an item on either their eBay store or their own site, those that have the same items on both sites will be able to have real-time inventory for both sites, Dearing said. Depending on which of the four levels of ProStores they purchase, sellers will pay between $6.95 and $249.95 a month and a fee of 0.5% to 1.5% per transaction. The more a seller pays per month, the more services eBay provides. Sellers who have existing stores on eBay get a 30% discount on their monthly fees. "This is in response to a long-term trend of our sellers being multi-channel," Dearing said of ProStores. Reseller Marketplace allows eBay PowerSellers to buy excess and liquidated inventory either through an auction process or, if available, at a fixed price, Dearing said, adding that the process is similar to how eBay functions with buyers and sellers. The primary role eBay will play will be to bring the parties together, Dearing said. PowerSellers have a certain amount of monthly sales on eBay and a high feedback rating. PowerSellers will pay for the cost of the merchandise they purchase from a manufacturer or distributor, and they will pay eBay listing fees and transaction fees, Dearing said. "PowerSellers are incredibly entrepreneurial and they've found sources of supply on their own, but this helps take it to the next level," Dearing said.