Are eBay auctions dying?
I previously noted the problems that people were having with selling things on eBay. Now BusinessWeek has just put up an article saying that the whole business model of online auctions is dying. Instead, shoppers are preferring fixed prices:
Auctions were once a pillar of e-commerce. People didn’t simply shop on eBay. They hunted, they fought, they sweated, they won. These days, consumers are less enamored of the hassle of auctions, preferring to buy stuff quickly at a fixed price. Hershenson is emblematic of the legions of small business people who built their livelihoods on eBay but—like eBay itself—are having to rethink their whole approach to online sales.
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