Local ads for local people
The premise for Pat Kolek, COO of eBay Classifieds Group, wanting to speak to us was, we were told, to discuss the growing trend of consumer to consumer selling on eBay. Isn’t that what eBay has always done, we thought, well apparently not.
First, let’s tackle the difference between normal eBay and Classifieds. The latter not only lacks the auction element, it’s often free to the seller. The business model is more of a media than a retail one, with eBay looking to monetise the traffic generated from classified listings rather than from the listings themselves. more…