It's sink or swim with eBay raising fees for sellers. Consumers fear that these costs will be passed on to them. Overstock Auctions offered a $10 credit for listing fees the same day eBay raised its subscription fees. OnlineAuctions.com receives 16,000 signatures in a petition stating they are looking for an alternative.
(PRWEB) January 24, 2005 -- High demand for auction services are leveling the playing field for existing and new auction web sites. Increased fees should come with extra services for buyers and sellers. By using updated technology features, online auction businesses can retain new customers and can be competitive in todays market.
Here are some statistics on the ever growing demand for the internet and online shopping services. There is an average of 199 million internet users of 299 million people living in the USA, of which 19 million are broadband users. This represents a growth of 111.5% between 2000-2004. Online retail sales are expected to exceed $269 billion in 2005. Online shopping is attracting consumers through a broad product selection. Consumers are accustomed to buying online to find competitive prices and easy shipping advantages. Thus allowing them more time for other activities.
By offering expanded services to buyers and sellers, auction websites can cash in on the ever growing internet. According to Martin Langham, Author for IT-Director.com, eLearning will become a mainstream concern and training will be more demanding online over the next two years. Langham also stated the US corporate eLearning market will more than triple over the next four years from $6.6 billion in 2002 to $23.7 billion in 2006. Teaching and taking courses online is profitable. Auction sites can be competitive by offering this service. By allowing teachers to put their classes up for auction and conduct courses online, gives instructors the tools they need to teach worldwide. Creating a global eLearning market.
Low cost search engine advertising and internet marketing make having an online auction business affordable. Although, programming cost can be expensive and time consuming. Here are a few things to consider when starting and maintaining an auction website.
1.Time Frame-Decide on how much time you are willing to put into the business.
2.Programming Costs-Programmers can charge over $125 an hour. Most sites take more than 500 hours to program.
3.Technical Updates-Are you able to keep up with trends, handle security, database, and technical issues?
4.Monthy Expenses-Can you make payments to programmers and hosting companies, so its not a lot out of pocket?
Larger companies get larger and smaller companies need to get smarter in todays challenging market.
About iSeaNetworks,Corporation
Robin Casey founder of iSeaNetworks,Corporation and has been operating online since 2001. Casey started an online magazine called Fundamentals Online Magazine(2001-2003) which reached 1 million viewers through opt in email partnerships and sold advertising in the weekly ezine. Casey created iSeaNetworks,Corporation in 2004 when the company relocated from Brookings, Oregon to Seattle, Washington. Since the company has been getting ready to open its doors for business in Spring of 2005.
ISeaNetworks is selling one of its auction websites, www.torotrade.com. It comes complete with domain name and up to date website auction features, including eLearning capabilities. Wall Streets Landmark, the Charging Bull Statue" in New York, inspired Casey to create ToroTrade.com. Casey wanted this site to reflect the strength in the Trading industry and US economy. Interested parties may visit www.torotrade.com for details. A portion of the domain sale will be donated to the Asian Tsunami Survivors relief fund. ToroTrade.com is being sold due to a change in the companys business plan and services it will be offering in 2005.
Contact Information:
Robin Casey
Founder
Internet Seattle Networks
ISeaNetworks, Corporation
4616 25th Ave NE PMB 45
Seattle, WA 98105
425-486-3717
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