At its Oct. 30 analyst day, eBay said it's planning to expand beyond consumer-oriented goods early in 2003. It figures the market for industrial products, from restaurant equipment to medical gear, is potentially worth $1 trillion. At the same time, even in its top five markets -- cars, electronics, home products, fashion items, and sports -- eBay still has well under 3% of the total.
posted on November 15, 2002 12:21:42 PM new
That's kind of like the statistic for gold. It is estimated that only 2% of the earth's supply of gold has ever been recovered. Mostly because the other 98% is too difficult or costly to extract.
posted on November 15, 2002 01:07:31 PM new
That's great news for shareholders and for sellers who have the ability to source and market these industrial products.
posted on November 15, 2002 01:16:06 PM new
But why haven't these products been selling on eBay up to now ? What is eBay going to change to bring these customers in ?
