Quote:It makes much more sense for professional sellers to buy the product back from the consumer, putting cash into their hands quickly, and then turn around and sell that product on Amazon, eBay or their own website; because that is what they do for a living. Sourcing, is one of the most difficult tasks for an online seller and finding a steady stream of quality product is a challenge.

I can tell you personally that buying back media items, from the consumer, gives me a steady stream of high quality DVD's CD's and Video Games. I turn around and ship them to Amazon FBA and sell them on Amazon.com. It’s a great business for a blogger.

If the concept works for media items, it can certainly work for numerous other categories...

Quote:Buy.com, the Internet Superstore™, today unveiled its new Garage Sale™ service that enables consumers to sell goods directly on their business and social networking pages.

For the first time ever, goods can be bought directly on the profile page, and purchasers never have to leave the page to complete the purchase transaction. With Garage Sale, consumers no longer need to pay listing charges associated with online auction sites, and they can take advantage of significantly lower individual transaction fees.

The Garage Sale capability is currently available to Facebook users, and Buy.com plans to roll out the service to users on other online social networks shortly. Facebook users simply add the Garage Sale feature from Facebook's application suite and upload product information and photos to begin selling on their personal profile pages using Garage Sale's secure transaction capability.

"Anyone who has ever asked a friend if they knew someone who would buy their stuff understands the power of that sales model," said Gene Alvarez, Vice President, Gartner Inc. "Now, when you add the Internet's community, collaboration and sales capabilities, we will see yet another transformation of e-commerce and the dawn of online social selling."

To help Garage Sale users promote product sales, Buy.com will introduce a Garage Sale tab on the main Buy.com Web site later this year, providing a complete marketplace for independent sellers' goods to augment Buy.com’s own third-party retailer marketplace platform.

"Garage Sale allows consumers to become personal online retailers using the backing of a major Internet company like Buy.com," said Neel Grover, CEO and President of Buy.com. "As the first company to market with this embedded e-commerce capability, we see tremendous growth opportunities in providing the millions of users on business and social networks with an alternative to eBay and the ability to transform their personal profile pages beyond information-sharing."