TulipTools Internet Business Owners and Online Sellers Community

BBC special report:

Quote:The website eBay has become the focus of a new breed of entrepreneurs who hope to make money by trading online.

Jameel Verjee is a corporate lawyer turned entrepreneur, who wants to raise funds from potential investors in the city.

He wants to raise a million pounds to pay the wages of the half dozen staff he already employs in north London.

In the tradition of technology start-ups, he's confident that the losses he is sustaining today will be nothing to the profits he will make tomorrow...

full article: http://news.bbc.co.uk/2/hi/business/6154754.stm

Quote: It's clearly an attempt to grab business from other online sellers like Amazon, where buyers expect instant results, and don't want to wonder what kind of condition second-hand goods are going to be in. Alongside all this, the original eBay is also flourishing. :blinkie:

Doug McCallum, Managing Director of eBay UK insists that "we still love the 'fun-ness' of eBay, the weird and wonderful things that you can find, as well as the fun of bidding and the excitement of seeing whether you win. That's not going away."

Auctions are dead, the weird and wonderful items are leaving, and most importantly the buyers have left due to the fraud, and the glitches that have made finding "IT" impossible. I would like to see an interview with these new sellers in another year and see what they say about Ebay then. They must have bought those e-books on how to get rich on Ebay.