Ebay
Seller Fee Increases Opens Opportunities for Alternative Online
Auction Providers
Released on
= January 29, 2005, 7:40 am
Press Release
Author = http://www.7bids.com
Industry = Internet
& Online
Press Release
Summary = Recently announced Ebay Seller Fee Increases have provided
alternative Online Auction Services with new opportunities as Auction
Sellers seek more cost efficient methods of selling their goods
and services.
Press Release
Body = Willard OH--Recently everyone with a seller account on Ebay
received an email detailing a substantial increase in Seller Fees.
When a merchant on Ebay lists an item for sale, there are fees for
listing the item whether it sells
or not and a "final value fee" based on how much the item
has sold for.
Many Ebay sellers
have expressed some dismay at the prospect of their profit margin
being reduced by a substantial increase in these fees, as much as
sixty percent. Reviewing a number of sources online reveal that
Ebay sellers are moving their online auctions to other venues.
According to
a statement by the PESA (Professional Ebay Sellers Association)
a trade group that claims to represent over 600 of the largest sellers,
"Overall, our members are reporting that they will pay up to
22 percent more to eBay than before
the increase. That's unprecedented, and will have broad marketplace
implications."
Among these
other channels is http://www.7bids.com. 7bids offers considerably
lower fees and a much greater value to Online Auction Sellers. According
to the 7bids website, "Our fees are 85-89% lower then Ebay."
For the Seller this would translate into a substantial increase
in profit.
7bids also offers
a Free Store with four listings, a Name Your Bid feature that allows
buyers to send bid offers lower than the starting price for a auction,
and daily uploads of items to both Froogle and Bidfind. Currently
Ebay Sellers can only upload item listings to Froogle on fixed price
items.
Overall as Ebay
continues to raise fees for sellers, the opportunity for other Online
Auction websites will continue to grow. Many Ebay sellers are not
interested in raising their prices to maintain their profit margins.
And alternatives such as www.7bids.com can certainly expect to grow
as Online Auction Sellers seek more cost efficient venues.
Web Site = http://www.7bids.com
Contact Details
= Bill Moran
585 Kennedy Dr.
Willard Ohio 4890
419-933-2137
admin@7bids.com
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