I thought the raising of sellers fees was the “little eBay killer”, but this should be interesting…
On his Mashable blog, consultant Pete Cashmore calls Edgeio a “little eBay killer.” That’s a big threat to attribute to a just-launched startup, and Cashmore admits it’s “hyperbolic,” but there could be something to it. Edgeio plans to pull for-sale listings off blogs and publish them on its website. That’s a change from other classifieds sites like Craigslist, which requires you to submit a listing through a form on its website, an annoyance which will grow as online classifieds sites multiply. (Microsoft (Research) and Google (Research) are already planning their own classified sites.) Edgeio’s decentralized approach is a possible threat to eBay’s (Research) auction model, which depends upon people coming to a central marketplace to buy and sell, with eBay taking a cut of the sales. One small problem with Edgeio’s business model, which depends on people marking their for-sale blog entries with the tag “listing”: Only about 10 blog entries a day currently carry that tag.
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