SnappyBids Takes Aim at Goliath Ebay to Save Users Millions of Dollars
/24-7PressRelease.com/ March 22, 2005 - Manchester, NH - An internet auction site, which offers a new format and can deliver secured transactions, has been launched in the New England area. With Ebay generating over $2 billion in annual profits, the auction site giant still raises its fees. Several of the most successful sellers on Ebay attribute the price increase to prop up EBay's most recent stock split. Said one Ebay power seller, "Something has to give".
According to company spokesperson, Gina Moore, SnappyBids.com offers sellers free unlimited listings, and no final value fees. "We charge an annual flat fee for sellers of $36 and just let the sellers run their own business without stores and special treatment. We provide a user friendly format where sellers don't have to sort through a maze of fees. For buyers, it's all free and our SmartSearch feature will allow buyers to be emailed when an item they want is up for auction."
The online auction industry generates sales of almost $11 billion annually with over 150 million users worldwide and has created an out crop of supporting business such as drop off and consignment centers. According to Forrester Research, online auctions are expected to exceed $54 billion in sales in 2007 and will account for 25% of all online retail sales.
According to Ms. Moore,"The online auction industry is proven, and the growth prospects are phenomenal. According to Forrester Research, online auctions are expected to exceed $54 billion in sales in 2007 and will account for 25% of all online retail sales.
Currently, online sellers are seeing more and more of their profits eroded by these fee increases and are searching for alternatives. Our flat fee format will save online sellers millions of dollars every year."
SnappyBids will also introduce 10 Minute Live Auctions in the coming weeks. "This is a very exciting feature for those who enjoy watching the bids change live on their computer screen", said Ms. Moore.
On a final note, Ms. Moore states, "We may not be Ebay, but we ARE the new way."
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