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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?

To: joe micieli who wrote (489)	7/11/1998 11:56:00 PM
From: Bill Jackson	Read Replies (1) \| Respond to of 37507

Joe, I think you are wrong to lay blame on Yorkton. They have been doing good work for many years and tp lay blame there is wrong and foolish. From the onset they were saddled with the name 'Internet Liquidators' which carried with it the cachet of old inventory, bankrupt inventory etc. They have now changed to bid.com, which can only be an improvement, but they still have the outmoded auction concept that they have on their site. They should look at the pace of repeat buyers versus one or two time buyers. Sales have increased, but what about profits? They may have stopped with the older surplus stock and gone to more current stock with lower margins but higher saleability. Empty sales with no profits are easy, just sell gold at 50% off spot and you will do big numbers. I see the internet sales idea fragmenting due to the low cost of entry. The only thing bidcom has is a financial back end for VISA/MC etc and a high visibility gateway site. They mus broaden out to sell all things mankind makes by getting alliances with hundreds of small manufacturers of AAzote to zzzgerats. put them on the site, indexed and arranged in broad classes and then finer and finer. The supplier can make a web page that adheres to the bidcom style and the financial back end will get the money and the maker will ship the order, all linked by a database so all flows smoothly and you do not sell what is out of stock or report out what you have etc. They can also take title to goods and sell them from their own WH, or they can drop ship by taking title at the makers warehouse. They must do this to take the high ground as very soon all these makers will have their own web sites and they will find merchant financial back ends for a small fee and once they do it they are gone forever as they can do all their own internet sales. Once they reach their clients once the web site is known and no-one cares about gateways. Ads and magazines will get their clients, link exchanges also do it for no costs(and they are very effective) (A link exchange is a group of companies that agree to put a small banner from one of the other companies and they get their banner on the others pagem all with hot links. Usually you do not put a competitors link on your page and vice versa.) This is driven by the ease of entry and the low cost of the web. The auction concept also must be minimized as few people will waste time day after day tracking an itme, bidding, rebidding etc and then dropping out when it passes your price(or staying and buying). When I want an item I have it the next day, or sooner. I do not want to play withwaiting a week and maybe saving 10% and then waiting to get it and paying extra for fast shipping. Auctions can be OK as an adjunct to regular sales. Just in time and build to order sales are also cutting the amout of stuff you can get surplus o sell cheap, so you will be forced into standard stock sa sales rise as there never was enough surplus to be big business. Bill