eBay offers sellers chance to expand
24 June 2005
Online auction site eBay has announced that it is now offering its sellers the opportunity to build their own independent sites.
The company is reportedly struggling to keep up with its rapid expansion and also believes that the offer to sellers will boost loyalty for the site.
The service, Prostores, gives sellers their own web address but processes their sales through eBay's own systems. An increasing number of people are using eBay to sell goods for a fixed price.
In January this year, eBay said it wanted to double the cost of a 10-day auction to 40 cents, and raise its monthly subscription for running a basic shopfront from $9.95 to $15.95 (£8.75).
eBay general merchandise manager Michael Dearing said more than 100,000 regular sellers currently have no site of their own. "The marketplace will continue to be a foundation for a long time, but we know that sellers are interested in finding buyers all over the place and this can help them do that," he added.
eBay made a profit of $256 million in the three months to March, up 28 per cent on the same period of 2004, on sales of more than $1 billion.
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