eBay CEO Predicts $2 Billion in iPhone Based Auction Sales
This week eBay CEO John Donahoe, at the All Things Digital Conference, predicted that during the current fiscal year eBay would generate between $1.5 and $2 billion in sales through the use of the eBay iPhone App. The iPhone application is widely popular with over 10 billion downloads total. Many have questioned the ability to use iPhone Apps as a revenue source but eBay’s bold prediction puts everyone on notice that mobile devices and smart phones have the ability to produce great revenue for a company.
Fixed Price Selling Now More Profitable than Auctions
When eBay began it was all about auctions and the small shops selling items at a discount through auctions. But as the Internet has become more popular and big businesses began to sell at fixed prices on eBay, this form of selling has become more common and better for eBay’s bottom line than the original selling methods.
Creating a listing on eBay is only the first step of selling products. If you want a good number of people to bid on your auction, they must be comfortable with the item description and understand the product or service you are offering. A great item description is essential. Be honest and appealing so buyers will compete for what you have to sell.
Important description pieces include the title and the body to start. Both should be cohesive so the bidders understand the item you have up for auction. They should have a good … Read more at eBay Auction Selling
If you are looking for some additional income, becoming a seller on eBay is a good plan. The number of successful eBay sellers continues to grow and there is no reason you cannot join them. How much money can you expect to make? Results vary of course, depending on the products you sell and how hard you work at your business.