What other possible spin-off businesses could be generated from eBays success? Randy Adams had a garage full

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What other possible spin-off businesses could be generated from eBay’s success?

Randy Adams had a garage full of stuff too good to throw away. It was so bad that his car would no longer fit. His wife suggested selling on eBay, but Adams wasn’t sure it was worth the effort. He’d have to take digital photos of everything, post auctions, wait for bids, arrange shipments, hope payments came in, and hopefully eventually get rid of everything. Also, as a new “eBayer,” he had no feedback from previous sales, something that can make or break a seller as buyers are sometimes reluctant to use untested sellers.
Of course, if he had these problems, so would a lot of other people. This sounded like an entrepreneurial opportunity to Adams, and he started Auction Drop (www.auctiondrop.com) in San Carlos, California, in March of 2003. For a percentage of the selling fee, Auction Drop will do all the work for you—photos, posting, monitoring, packaging and shipping, and payment collection. It sells 92 percent of everything it has listed compared to the typical eBay 50 percent average. If your item isn’t sold, Auction Drop will ship it back to you or donate it to charity and provide a tax receipt for you.

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Entrepreneurial Small Business

ISBN: 9780073381572

3rd Edition

Authors: Jerry Katz, Jerome A Katz

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