What factors in the General Environment are affecting the online auction and resale industry? What sort of impact do you think these could have going forward?
The main reason, which has led to the downfall of eBay, is its fee for sellers. The sellers are required to pay an additional fee for final value based on the number of items sold, apart from the initial fee of listing the items to be sold. Both of these fees are higher considered to any other auction website. This difference exist because other auction websites do not have item listing fees; whereas, the minimum fee ...