8/10/07

With a new widget for consumers, Buy.com plans to compete with eBay

Buy.com has unveiled Garage Sale, a web page-based widget that enables consumers to sell their own goods directly on Facebook social networking pages. Buy.com sees the offering as one way to compete with eBay.

Kurt Peters , Executive Editor

Online retailer Buy.com Inc. wants to compete with eBay Inc. This week it introduced Garage Sale, a web page-based widget that enables consumers to sell their own goods directly on Facebook social networking pages. Buyers can purchase merchandise on the web pages without having to leave those pages to complete a transaction.

“Garage Sale allows consumers to become personal online retailers using the backing of a major Internet company like Buy.com,” says Neel Grover, president and CEO. “With this embedded e-commerce capability, we see tremendous growth opportunities in providing the millions of users on business and social networks with an alternative to eBay and the ability to transform their personal profile pages beyond information-sharing.”

With Garage Sale, consumers do not have to pay listing charges associated with online auction sites, and they can take advantage of lower individual transaction fees, Buy.com says. The e-retailer collects a 5% commission, a portion of which covers credit card processing costs.

“Garage Sale enables users to sell their own merchandise to friends in their Facebook network,” Grover says. “In the near future, this will expand into an affiliate marketing relationship, whereby users will have the ability to promote Buy.com products and receive an affiliate commission for sales.”

Facebook users can add the Garage Sale widget to their pages from the social network’s application suite and upload product information and photos to begin selling on their personal profile pages using Garage Sale’s secure transaction capability.

To help Garage Sale users promote product sales, Buy.com, No. 38 in the Internet Retailer Top 500 Guide, will introduce a Garage Sale tab on the main Buy.com web site later this year, providing a complete marketplace for independent sellers’ goods to augment Buy.com’s own third-party retailer marketplace.

Buy.com plans to roll out the service to users of other online social networks in the near future.

Topics:

Buy.com, eBay, Online shopping, Web 2.0, Website

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