Monday, December 27, 2004

Online Auction Trends - eBay

With eBay Nation now boasting more than 125 million citizens and doing tens of billions of dollars in gross merchandise sales, an entire eco-system has sprung up to facilitate sellers and bidders.

Remember drop-off shops like DropShopStore and AuctionDrop where consumers and businesses can drop off items they want to auction? The stores handle all listing, shipping and payment settlements with buyers, then forward a check to the seller for the final selling price minus commissions and listing fees. There are now more than 20 companies in this space, but the opportunities still seem borderless.

In the US, check out players like NuMarkets, PostNet, QuikDrop, and ExpressDrop.

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