posted on September 5, 2000 08:52:54 AM new
I read some interesting figures that online auction sales will = $24 billion by 2003, and in 2004 = $746 billion just in the U.S.A. for ALL forms of online dynamic-pricing sales.
746 BILLION $$$$$$$$!!?!
"Detailed analysis of publicly-available information has revealed that 23% of sellers...account for 82% of all sales.
"Similarly, 7% of buyers account for 40% of items purchased through online auctions. According to a Harris Interactive survey conducted in April, there are at least 2,000 businesses which use online auctions as
their primary or secondary source of income."
posted on September 5, 2000 10:57:18 AM new
Hi there, RB!
Is something wrong with the above link?
The number is from the article I posted a URL for.
Now....... if, indeed, you are asking me a *MARKETEERING*~type of question, then I must admit FULL Ignoramushood, which is even worse than my typical naive ignorance.
So.... if we are (??), indeed, speaking in terms of that FOREIGN (to-me) language of advertising, then I must admit:
1) I drink Coke, not Pepsi - which I will not describe the taste of, as this is a PUBLIC messageboard...
AND
2) I prefer Burger King to McDonalds, (but admittedly the ambiance of White Castle is formidable, lol, not likely to ever anywhere else at any time be duplicated)...
I believe that it is obvious that eBay is the premier Number One ECOMMERCE Site, and I suspect that within five years there will be a mass of articles in magazines far and wide all about this.
But those journalists will be writing retrosective, ~in~hindsight~, articles -- whereas, even I with NO biz-education can figger out the obvious, and I'm waiting for one of them pro-Experts to figger this out, themselves LOL!!
posted on September 5, 2000 12:27:25 PM new
This number is possible as larger companies do B2B online. I'm not sure ebay will gain much of that market however, and they'd be foolish to try and capture it as the consumer niche ebay fills well.
posted on September 5, 2000 12:57:48 PM new
The size, or projected size, of a market provides no guarantee of a business’s survival in that market. The transportation market is huge and is growing annually – when is the last time you rode on a train?
The computer market is also growing at high compound rates, yet many corporations (Sperry Univac, Honeywell, etc.) are no longer in that business due to missing market shifts and opportunities.
eBay still has ample opportunity to shoot itself in the foot. If they lack the vision to see where the market is likely to be going, and fail to take steps to position themselves to be a player in those future market configurations, then their days can indeed be numbered.
One thing is for certain; the percentage of the future on-line market occupied by person-to-person sales will be miniscule. If eBay doesn’t find a way to gather momentum in the business-to-person and business-to-business marketplaces (for which many on these forums roundly criticize them) they will be but a drop in the e-commerce bucket.
posted on September 8, 2000 09:41:45 AM new
Radh, we miss your monthly eBay is dying thread. MAM needs your full support. Please do not let us down so please post the eBay death thread.
posted on September 8, 2000 10:29:03 AM new
comic123: you are confusing me with someone else: I have never done a MONTHLY thread about the demise of eBay.
posted on September 8, 2000 10:31:43 AM new
smw: thank YOU so very much for the links. i see now that there IS a technical term for the very werry liddle widdle itsy-bitsy cyberseller.
posted on September 8, 2000 01:17:03 PM new
I am familiar with both magazines, but there are SO many titles on the rack, and so few hours to read them.
posted on September 8, 2000 02:38:16 PM new
Hello Radh,
I would not place any faith in any projections involving revenues in any developing marketplace. Even projections by the so called experts and others "in the know".
The worldwide cost of Y2K compliancy was pegged at 300 billion by a noted computer industry watch group (The Gartner Gorup) back in 1996. Gartner later upped that to about 600 billion.
I can tell you that both of Gartner's projections were grossly inflated.
If these folks who make a living by analyzing trends and trying to perceive where the next big money industry will emerge really knew what they were talking about then why aren't they all fat, dumb and happily retired for being able to predict the future so accurately?
[ edited by codasaurus on Sep 8, 2000 02:40 PM ]
