GigaPal.com takes advantage of new trend in auctioning off a business.
(PRWEB) June 12, 2005 -- The old fashioned ways of selling a business offline are soon to be extinct. Thats why young CEO Ryan K Schmidt has turned to eBay, The Worlds Online Marketplace", to commence the sale of GigaPal.com, a discount software website. Schmidt founded GigaPal.com when he was 18 years old, and in less than 8 months he grew the companys profits by 3,439% to more than $49,496.42. On June 12, 2005, Schmidt will use the popularity of eBay to bring thousands of potential investors to GigaPals winning bidder takes all" auction.
Schmidt is not alone in his strategy. A growing number of business owners are turning to eBay to sell their businesses, and they are finding measurable success. Within the past month on eBay, a U.S. Patent sold for $35,000, an online website for car dealerships sold for $43,988.89, and a network of highly trafficked sites sold for $326,100.00. At the time of this publication, there are over 6,100 live eBay auctions advertising websites and businesses for sale. EBay is the perfect medium for selling your business because it offers unmatched buyer and seller protection, it provides for a fast and smooth business transaction, and it brings literally millions of potential buyers together in a healthy, competitive bidding environment," says Schmidt.
The winning bidder of GigaPals 7 day eBay auction, which begins June 12th, will receive complete ownership of gigapal.com, including all of its assets, an exclusive list of over 200 software suppliers and vendors, innovative marketing ads and campaigns, and much more. Schmidt is also going to give the winning bidder ElectronicBytes.com for free. ElectronicBytes.com is a second discount software website which was built in May to expand GigaPals success. Schmidt added that Selling a business offline is too complicated these days. Before eBay, most business owners were forced to sell their business locally through a small newspaper ad. For individuals like me who have managed to build successful companies, eBay offers a new opportunity."
For more information contact:
http://www.gigapal.com/
Ryan K Schmidt
2336 East Carson Street
Pittsburgh, PA 15203
724-991-1874
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