Online holiday spending got off to a great start and has showed few signs of slowing down. In the first 45 days (from Nov. 1 to Dec. 15) sales are up 25 percent versus the same period last year, now totaling $19.48 billion, according to ComScore Networks.
Monday December 11th set a new record with $660.8 million being spent online in just that one day, but that record was then broken just two days later when sales on December 13th topped $666.9 million. Last year it was December 11th which held the record for the highest sales in one day with $556.2 million. ComScore Networks predicted that we would see the highest sales of the 2006 season sometime during last week, and since every day this week beat the 2005 season high by $60 million or more, that does not surprise me.
Read more http://www.auctionbytes.com/cab/abn/y06/m12/i18/s03
Tuesday, December 19, 2006
The Challenge for eBay Sellers (Vendor Monday)
In today's AuctionBytes "Vendor Monday" column, Internet Business Skills founder Allison Hartsoe discusses the evolution of eBay from sales channel to customer acquisition tool. Each week, AuctionBytes.com runs an article submitted by a vendor or marketplace in the online-auction industry about a topic helpful to online sellers. Story submissions are welcome by emailing the editor.
Is eBay a sales channel or a marketing channel? The difference is as a sales channel, you expect to make money. As a marketing channel, you expect to acquire customers for the best cost. Here's how eBay has changed and why your strategy should change too.
Read more http://www.auctionbytes.com/cab/abn/y06/m12/i18/s02
Is eBay a sales channel or a marketing channel? The difference is as a sales channel, you expect to make money. As a marketing channel, you expect to acquire customers for the best cost. Here's how eBay has changed and why your strategy should change too.
Read more http://www.auctionbytes.com/cab/abn/y06/m12/i18/s02
eBay Australia Wins Ticket-Scalping Policy Case
eBay Australia announced Monday it had won a court case involving ticket sales policies. According to news wire reports, tickets to the 2007 Big Day Out concerts included a provision that the tickets would be canceled and the holders refused entry if they were resold for profit. eBay said that condition was misleading and deceptive and confused consumers, and sued the promoters. The Australian Federal Court ruled in eBay's favor.
Read more http://www.auctionbytes.com/cab/abn/y06/m12/i19/s03
Read more http://www.auctionbytes.com/cab/abn/y06/m12/i19/s03
eBay Tests Shopping Cart on Shopping.com Comparison Site
Consumers can now purchase vacuums, perfume and printer cartridges at Shopping.com, and they can use their existing eBay User IDs to complete the transaction directly on the site. Shopping.com, which is owned by eBay, is a leading comparison-shopping engine where retailers pay to display their items side-by-side those of other retailers. Consumers can compare prices of items across multiple online retailers, and must click through to the retail site to actually purchase items. But Shopping.com is currently testing a feature that allows consumers to purchase items from multiple retailers in one transaction, directly on Shopping.com.
Read more http://www.auctionbytes.com/cab/abn/y06/m12/i19/s02
Read more http://www.auctionbytes.com/cab/abn/y06/m12/i19/s02
Thursday, December 14, 2006
Chicagoans caught in eBay bust
Colorado coal miner Alan Tweddell found his dream deal on eBay.
Scrolling through the Internet auction site in 2004, he discovered a Model A Ford selling for only $2,500. He bought the 1930 classic and agreed to wire the money to the seller in Chicago.
But the dream turned into a bust when a Western Union representative suspected the man picking up the money in Chicago was a fraud. Western Union returned the $2,500 to Tweddell, but he was unable to recover the $200 fee he spent to transfer the cash, said his son-in-law, Rusty Lofley.
"He was aggravated and disappointed, but happy he did not get scammed out of the whole $2,500," Lofley said.
Read more http://www.suntimes.com/news/metro/170355,CST-NWS-ebay13.article
Scrolling through the Internet auction site in 2004, he discovered a Model A Ford selling for only $2,500. He bought the 1930 classic and agreed to wire the money to the seller in Chicago.
But the dream turned into a bust when a Western Union representative suspected the man picking up the money in Chicago was a fraud. Western Union returned the $2,500 to Tweddell, but he was unable to recover the $200 fee he spent to transfer the cash, said his son-in-law, Rusty Lofley.
"He was aggravated and disappointed, but happy he did not get scammed out of the whole $2,500," Lofley said.
Read more http://www.suntimes.com/news/metro/170355,CST-NWS-ebay13.article
Google Checkout vs. eBay's PayPal, yes, again
I thought that the midst of the holiday season was as good a time as any to revisit one of my favorite subjects: Checkout vs. PayPal.
Quick recap to those unfamiliar: Both are online payment services. PayPal, wholly owned by eBay Inc. (NASDAQ:EBAY), is a longtime (8 years) established service operating in over 100 markets internationally with over 123 million users. Checkout is a service Google Inc. (NASDAQ:GOOG) developed and launched in June 29 of this year. Originally dubbed "PayPal killer," Checkout has actually been slow in getting traction.
Lately, both companies have offered holiday incentives, with PayPal offering buyers cash rebates until May 2007 (a long holiday season) while Checkout waiving merchant processing fees until the end of the year. Well, maybe the incentive has been working for Google Checkout since it is now extending the free use of its payment service to online merchants through the end of next year.
Read on http://www.bloggingstocks.com/2006/12/13/google-checkout-vs-ebays-paypal-yes-again/
Quick recap to those unfamiliar: Both are online payment services. PayPal, wholly owned by eBay Inc. (NASDAQ:EBAY), is a longtime (8 years) established service operating in over 100 markets internationally with over 123 million users. Checkout is a service Google Inc. (NASDAQ:GOOG) developed and launched in June 29 of this year. Originally dubbed "PayPal killer," Checkout has actually been slow in getting traction.
Lately, both companies have offered holiday incentives, with PayPal offering buyers cash rebates until May 2007 (a long holiday season) while Checkout waiving merchant processing fees until the end of the year. Well, maybe the incentive has been working for Google Checkout since it is now extending the free use of its payment service to online merchants through the end of next year.
Read on http://www.bloggingstocks.com/2006/12/13/google-checkout-vs-ebays-paypal-yes-again/
Avoiding eBay And Online Shopping Swindles
Prosecutors say an Internet fraud scheme with roots in Chicago has cost consumers millions of dollars. CBS 2's Rob Johnson reports.EBay boasts 210 million users worldwide, and $12.6 billion worth of traded items.
But there's a big difference between honest, responsible sellers who make a living on eBay and those who prey upon buyers who are looking for a good deal.Twenty-one people have been indicted accused of swindling eBay and other Internet auction site users.
Victims who bid unsuccessfully on merchandise were led to believe they were being given a second chance to purchase the items. Much of the money was sent to Chicago but the goods never came.
Read more and watch a live report http://cbs2chicago.com/topstories/local_story_346220358.html
But there's a big difference between honest, responsible sellers who make a living on eBay and those who prey upon buyers who are looking for a good deal.Twenty-one people have been indicted accused of swindling eBay and other Internet auction site users.
Victims who bid unsuccessfully on merchandise were led to believe they were being given a second chance to purchase the items. Much of the money was sent to Chicago but the goods never came.
Read more and watch a live report http://cbs2chicago.com/topstories/local_story_346220358.html
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