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Non-Tech : MILLIONAIRE. COM........( MLRE ) -- Ignore unavailable to you. Want to Upgrade?

To: interesting man who wrote (1402)	1/12/1999 12:18:00 PM
From: Smilodon	Read Replies (1) \| Respond to of 2664

Ok, Global Emporium sounds like an auction house. What is the key ingrediate to making money in this business? 1. Good buyers (since they will take an ownership position) 2. A lot of buyers to attract a lot of sellers. We have no evidence they have a great buying staff, and I have not heard of success in using magazine subscriber to generate auction participation. The internet seems to be an addition to this business, but not a core component. Again, it looks like a small business as they would be most useful to local residents. Hence limited economies of scale. The key to success of the internet is its efficiency of distribution. Businesses that work do so with scale. I still don't see how MLRE benefits from scale.