An interesting article posted in Yahoo Finance
Ebay moves away from auction model
Online auction pioneer eBay is changing its selling-fee structure to emphasize fixed-price sales over bidding, in an acknowledgment that many online buyers are losing interest in auctions. The change is aimed at making eBay more competitive with online retailers such as Amazon. (The New York Times) The new cost for placing "Buy It Now" listings, effective Sept. 16, will be 35 cents for a 30-day run, from between 35 cents and $4 for a seven-day listing. (The San Jose Mercury-News) The move to fixed pricing is "very opportunistic, but also in line with what their customers are telling them they want," said Patti Freeman Evans at Jupiter Research. (Reuters)
Ebay moves away from auction model
Online auction pioneer eBay is changing its selling-fee structure to emphasize fixed-price sales over bidding, in an acknowledgment that many online buyers are losing interest in auctions. The change is aimed at making eBay more competitive with online retailers such as Amazon. (The New York Times) The new cost for placing "Buy It Now" listings, effective Sept. 16, will be 35 cents for a 30-day run, from between 35 cents and $4 for a seven-day listing. (The San Jose Mercury-News) The move to fixed pricing is "very opportunistic, but also in line with what their customers are telling them they want," said Patti Freeman Evans at Jupiter Research. (Reuters)