posted on January 5, 2001 07:31:39 AM new
because they are performance based and Yahoo!Inc. has already demonstrated they are unable to perform. How many of their 185 million registered users have they had click through to Yahoo!Auctions with the auctions link on their portal homepage. 1%? 2%? Perhaps 3%?
posted on January 5, 2001 07:38:41 AM new
I am afraid I don't understand your comment.
A FVF, would work just fine - pay when the item sells. Simple, clean, and solves the problem which is Yahoo's biggest problem and that is having to relist a number of times to sell an item. A % of the final sale price, (within reason) would be just fine and a very simple solution to the Yahoo problem.
A number of other sites have Free listing with FVF and they function well.
I can't comment on what you said, as I simply don't understand your comment.
posted on January 5, 2001 07:47:40 AM new
Final Value Fees would require Yahoo to put forth an effort. They need the $$$$$$ and in order to get them they would have to work. If they do a listing fee than they can just sit back and watch the $$$$$$ come in. They think we are not smart enough to realize we are being used.
posted on January 5, 2001 07:59:26 AM new
Listing fees are a function of sellers, final value fees are a function of buyers.
Based on the comments made in numerous news reports Yahoo!Inc. is facing the prospect of declining advertisement revenue and is looking for cash NOW in the form of listing fees, beginning next week in fact, from sellers.
The final value fees approach requires Yahoo!Auctions to develop a fully-functional website, attract viewers, and getting those viewers to become buyers.
[ edited by dimview on Jan 5, 2001 08:07 AM ]
posted on January 5, 2001 08:02:43 AM new
With their numbers of buyers, they probably couldn't generate enough revenue by just charging closing fees to pay their auditors to process them.
posted on January 5, 2001 08:05:41 AM new
Another point why FVF wount work. In ebays, if the bidder deadbeatsma nd doesnt pay, 10 days after submitting a no pay alert, you can request your FVF back. Now do you THINK yahoo not only has the man power,BUT also WILLING to give you BACK the FVF if the bidder deadbeats? I DONT THINK SO! If you file a non paying form, all you will get is a canned response, and kiss your FVF goodbye.
Trust me, in Yahoo I have seen kids get together and raise someoens worthless item into 8 million dollars AS A JOKE! Do you think Yahoo will give back 5 percent of 8 million?
posted on January 5, 2001 11:26:03 AM new
And another point. Yahoo!Inc. reportedly has 1,992 employees running its far-flung websites. Its doubtful the company's executive team would deploy hundreds of new hires into Yahoo!Auctions.
