1. eBay has survived many other auction houses that have tried to compete. Most of them failed, one or 2 were purchased by eBay.
2. There is room for more of the same, but free auctions are not the same and allow for a lot more instability in pricing, security, etc.
3. Onsale is a completely different auction. They sell their own items, much like surplusauction.com from egghead. Ebay is very unique in it's auction model. They have been finetuning the process for 3 years. It wouldn't be easy for a newcommer to duplicate the results. eBay's word of mouth growth is incredible and getting
stronger. I've personally turned on so many people to their site, each of them have done the same, and the cycle continues.
4. Look at haggle.com. They were touted as THE competitor to eBay last year.
They don't have fees, people list items at too high a price, the site doesn't grow.
5. eBay's pact with AOL is very substantial. EBay has that friendly, easy to use feel that AOL has and it already has a large amount of AOL'ers (not me of course) with many more on the way. As AOL grows, which it will, eBay will grow even more.
Finally, I would never think that competition would effect eBay. They are already profitable, unlike most other online stocks. They will continue to increase revenue at the same pace for a long time. Like I said before I've been with them since they were free 3 years ago, and I follow their growth every day. I've sold many items there and have written the book as I mentioned before too. Many of my "students"
have follow in my footsteps and have made eBay a part-time or full time business.
If you are new to the company don't judge it based on market "guru's". Talk to eBay users. Go to the site and check out the "chat" boards. Ask the users what they think, especially the users with a lot of feedback who have been with eBay for a long time.
I can't emphasize more how impressed and proud I am of the site. From nothing to a public company with a million registered users in 3 years is phenomenal.
One other thing that i just remembered is cityauction.com. They are a free auction as well. Check them out and compare and you will see a night and day
I have been selling on eBay for two years. It is an incredible tool for the collector who wants to find and sell items that need a national audience to be appreciated. I have sold 100's of items and paid hundreds of dollars to eBay with no complaints on their service or innovations. But a few months ago, I discovered the dark side of eBay. Ebay encourages the sale and visual presentation of any material regardless of how offensive or repulsive the material. A part of Ebay's thriving business is the sale of videos, magazines and devices promoting and portraying oral/anal sex, bondage, sadism, and every other conceivable pornographic sexual depiction. When questioned about this, eBay management said they do not practice censorship and that they do not allow child pornography. The fact is that eBay censors material all the time, material they choose not to sell because it does not fit into a category they choose to promote. Can anyone tell me why this great company feels the need to mess with this stuff that promotes an industry that indirectly affects my family negatively.
Ebay isn't the place to complain about porn that is perfectly legal.If something is legal, ebay will allow it's sale. If you want to do something about it you have to go through your reps in Washington.
Yes, E-bay has catagories for adult material. However, there are many warnings before you can access it, and they scan constantly for anything illegal. E-bay doesn't sell these items itself, but merely offers a service to the sellers by letting them sell it on their web page. Nobody has to look at the stuff, and nobody has to buy it. They make a lot of money from these sellers, so why not let them sell? Also, as far as them censoring against things that don't fit in any category, there's nothing that doesn't fit in the misc. category and when they see enough of a certain type of item selling (or receive enough requests for a category for a certain item) they add it. This prevents having an overload of empty categories, while still allowing the addition of new categories when they are needed. Overall, ebay is an excellent business. And, although Yahoo! has attempted, has no real competition on the web.