Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Stewart Elliot who wrote (3116)	5/4/1999 3:38:00 AM
From: Safe Cents	Read Replies (1) \| Respond to of 7772

As a rule, when you double sell half. Then you're not playing with your money. Took some of my nice EBAY profits and played another online auction company. They just did the worlds largest online sports auction.

To: Stewart Elliot who wrote (3116)	5/4/1999 5:30:00 AM
From: Doug Fowler	Read Replies (2) \| Respond to of 7772

>>So, it's just a matter of whether anybody believes that another site can generate a critical mass of buyers and sellers. If it's not possible, then ebay is on it's way to becoming the most powerful company in the world.<< Stewart: I have been saying for some time that I believe eBay has the potential to become the most successful company in the world, perhaps within ten years. As a serious seller, I have been trying the other auctions sites: Yahoo, Amazon, Auction Universe, running the EXACT same dutch auction I run on eBay, for our software product, Spector 2.0. (In all cases, I spent $100 for a featured auction, except on Yahoo, where that is not possible.) I have never received a bid on Yahoo (which is one big reason I consider it a big joke). On Amazon, I have been averaging 3 or 4 bids. On Auction Universe, 1 or 2 bids (it's pretty much a big joke too). On eBay, I average between 12 and 18 bids, at $29.95 each. As a SERIOUS seller, I want in the WORST way for these other sites to work as well as or better than eBay. I am looking for maximum exposure and a good profit. ONLY eBay is delivering that to me. (I am now in my 4th auction with Amazon, and spending a total of about $125 on each auction, trying to make it work, but currently losing money.) From day one on eBay, I have been able to make a profit AND gain lots of traffic to my site (which results in higher margin sales). Do I hope that somebody else will perform as well (or better) for me than eBay? Absolutely. Do I expect it to happen? Not really. Do I keep trying? Yes, but my patience and pocketbook has its limits. In my own personal experience, there is a very good reason why eBay dominates, and that is because eBay delivers. And that, even more than the number of ongoing auctions, is why I believe eBay will continue to grow quickly and bury everyone else. And why eBay has a VERY good shot at becoming the most successful company on Earth.