Facebook vs. eBay: Social Network Adding a ‘Sell’ Button to its Site
Getting rid of second-hand goods has always been a unique market. In the past, people have visited second-hand stores or pawnshops to find old stuff for cheap.
Nowadays, the online market has been mostly cornered by eBay, who receives some competition from Amazon.
But according to Daily Mail, Facebook is getting in on the action as well. The social network has been an innovative cyclone of online entrepreneurship for several years now, rising to the top rung of Silicon Valley's ladder. And now it seems it wants to expand into eBay's territory.
Facebook has all the momentum in this situation with no leverage to force it away. So it makes good sense for the social network behemoth to start adding "Sell" buttons to its site and to user Facebook walls.
But that is not the only step its taking. The network will also be helping buyers expand their search by adding filters that specify what they're looking for. If it is for sale or in a group, then it can appear in the search filter with specified parameters. It's very similar to the way eBay has set up its own search functions and parameters.
It is not immediately evident how Facebook intends to generate revenue for itself in this venture.
The transactions its users make will be payments made directly to the seller by the buyer. It is not like Amazon, where you pay the company and the company pays the seller.
Although, this could of course be a strategic play on the part of Facebook, since the level of anonymity is very low. Users will have more confidence selling to people they can place a name or identity with, as opposed to the anonymous style of eBay or Craigslist. Expect more details about this in the future though.
This news comes after Business Insider reported that Facebook is also looking to steal business away from Google with its own search engine.
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