Ebay Auctions | Andrew Wee | Blogging | Affiliate Marketing | Social Traffic Generation

eBay Nigeria Scam Exposed September 4, 2007

Posted by Andrew Wee in : ebay auctions , 166 comments

It’s easy to focus on the $6 billion money train that is the eBay “digital marketplace” (or auction site in everyday language – “Internet Marketers, Are you on the eBay Money Train Yet?” But if you’re not careful, you could fall prey to scam artists.

With a worldwide audience, that set of Pez dispensers could evoke a fierce bidding war between collectors in Belgium and Thailand, and the tussle could boost your sale price quite substantially. But again, beware the sharks out there.

Last week, I put up a cell phone for auction on eBay and within 4 hours, (more…)

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Internet Marketers, Are You On The eBay Money Train Yet? June 18, 2007

Posted by Andrew Wee in : ebay auctions , 5 comments

Forget your preconceptions that online auction behemoth eBay is a place to sell quirky Pez dispensers and broken printers, I did a survey of the market potential of the site for Internet Marketers and you’d be pretty pleasantly surprised by my findings.

Rather than recycle subjective opinions from blogs and forums, I went to Nasdaq.com and pulled eBay’s financial stats.

ebay financial statistics

San Jose-based eBay has certainly come a long way from its beginnings as a sole proprietorship in 1995.

In case you think it’s only holds sway as the dominant player in the auction space, think again. The addition of electronic payment provider PayPal and Internet telephony VOIP (voice over internet protocol) provider Skype, means that it is a force to be reckoned with in the e-payment and communications arena too.

The financials show that the 30% year-on-year growth to sales of $5.96 billion in sales last years and a $1.125 billion net profit, mean that it’s position as a digital exchange for products and services is pretty much cemented.

Especially when you look back and see two major initiatives in 2004:

The $153 million purchase of Germany’s Mobile.de, the biggest auto classifieds Web site, which brought eBayers a choice of 800,000 used vehicles
New York States choice to auction surplus items on eBay, rather than conduct its own auctions.

These and more recent intiatives have helped build up eBay’s standing.

In a recent IDC (International Data Corp) report “The State of the Consumer Digital Marketplace (Mar 2007)”, the “most important Internet companies” were analyzed, and the listing included: