eBay Moves into Company Sales
Over here in the UK, eBay is well known as the largest internet auction site and probably the best place to sell your collectables as well as all sorts of other items. But until very recently, ebay auctions UK was not the place that you would typically look if you wanted to buy an Internet Business.
In the USA, that situation has now changed, with increasing numbers of Businesses, both Internet as well as traditional, being sold through eBay. I noticed the following press release today which gives details of what one enterprising young businessman is doing:-
“…….young CEO Ryan K Schmidt has turned to eBay, “The World’s Online Marketplace”, to commence the sale of GigaPal.com, a discount software website. Schmidt founded GigaPal.com when he was 18 years old, and in less than 8 months he grew the company’s profits by 3,439% to more than $49,496.42. On June 12, 2005, Schmidt will use the popularity of eBay to bring thousands of potential investors to GigaPal’s “winning bidder takes all” auction. Schmidt is not alone in his strategy. A growing number of business owners are turning to eBay to sell their businesses, and they are finding measurable success. Within the past month on eBay, a U.S. Patent sold for $35,000, an online website for car dealerships sold for $43,988.89, and a network of highly trafficked sites sold for $326,100.00.
The winning bidder of GigaPal’s 7 day eBay auction, which begins today, June 12th, will receive complete ownership of gigapal.com, including all of its assets, an exclusive list of over 200 software suppliers and vendors, innovative marketing ads and campaigns, and much more. Schmidt is also going to give the winning bidder ElectronicBytes.com for free. ElectronicBytes.com is a second discount software website which was built in May to expand GigaPal’s success. Schmidt added that “Selling a business offline is too complicated these days. Before eBay, most business owners were forced to sell their business locally through a small newspaper ad. For individuals like me who have managed to build successful companies, eBay offers a new opportunity.”For more information contact:http://www.gigapal.com/Ryan K Schmidt2336 East Carson StreetPittsburgh, PA 15203724-991-1874
Good luck with the sale Ryan! If anyone would like to have a look at the auction details, you can search ebay here.
In the USA, that situation has now changed, with increasing numbers of Businesses, both Internet as well as traditional, being sold through eBay. I noticed the following press release today which gives details of what one enterprising young businessman is doing:-
“…….young CEO Ryan K Schmidt has turned to eBay, “The World’s Online Marketplace”, to commence the sale of GigaPal.com, a discount software website. Schmidt founded GigaPal.com when he was 18 years old, and in less than 8 months he grew the company’s profits by 3,439% to more than $49,496.42. On June 12, 2005, Schmidt will use the popularity of eBay to bring thousands of potential investors to GigaPal’s “winning bidder takes all” auction. Schmidt is not alone in his strategy. A growing number of business owners are turning to eBay to sell their businesses, and they are finding measurable success. Within the past month on eBay, a U.S. Patent sold for $35,000, an online website for car dealerships sold for $43,988.89, and a network of highly trafficked sites sold for $326,100.00.
The winning bidder of GigaPal’s 7 day eBay auction, which begins today, June 12th, will receive complete ownership of gigapal.com, including all of its assets, an exclusive list of over 200 software suppliers and vendors, innovative marketing ads and campaigns, and much more. Schmidt is also going to give the winning bidder ElectronicBytes.com for free. ElectronicBytes.com is a second discount software website which was built in May to expand GigaPal’s success. Schmidt added that “Selling a business offline is too complicated these days. Before eBay, most business owners were forced to sell their business locally through a small newspaper ad. For individuals like me who have managed to build successful companies, eBay offers a new opportunity.”For more information contact:http://www.gigapal.com/Ryan K Schmidt2336 East Carson StreetPittsburgh, PA 15203724-991-1874
Good luck with the sale Ryan! If anyone would like to have a look at the auction details, you can search ebay here.
