📺 Stream EntrepreneurTV for Free 📺

Facebook Opens Marketplace to Take on eBay and Craigslist It will roll out in the U.S., UK, Australia and New Zealand in the coming days.

By Matt Brian

entrepreneur daily

This story originally appeared on Engadget

Facebook

If you visit Facebook today, the chances are that you'll come across someone trying to sell something. It could be a friend looking to make some money from an old smartphone or a thousand-strong parenting group looking to trade items for their little ones. Facebook has slowly introduced features to make it easier for people to list their items, but today the company has launched Marketplace, a new way for users to "discover, buy and sell items" with other people in their area.

In the coming days, users in the U.S., UK, Australia and New Zealand who are over 18-years-old will see a new shop icon in the bottom menu of the Facebook app. This will load a selection of photos of items that people in your general location are looking to sell. It also includes a search function, if you're looking for something, specific and results can be filtered by location, category or price. If something catches your eye, Facebook will list the name and details of that product, a profile photo of the person selling it and a loose overview of where they live.

Although Facebook already lets Messenger users send payments, the company categorically states that it is not performing the role of a retailer or auction site: "You and the seller can work out the details in any way you choose. Facebook does not facilitate the payment or delivery of items in Marketplace." That also means it won't charge users for listings, giving it a distinct advantage over eBay and other app-based buy and sell apps.

Image credit: Facebook Newsroom

With Facebook now counting over 1.5 billion users, sites like eBay and Craigslist will be watching Marketplace with keen interest. Sure, it's currently only available in four countries, but with little to no oversight over sales and payments, the company is free to take it to new markets at will. Facebook says it will "continue expanding [Marketplace] to additional countries" via its iOS and Android apps, and will make the service available on the desktop "in the coming months."

Matt Brian

Managing Editor, Engadget UK

Matt Brian is managing editor of Engadget UK.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Starting a Business

Most People Have No Business Starting a Business. Here's What to Consider Before You Become an Entrepreneur

You need to find the right business opportunity at the right time and take the right steps to beat the odds.

Leadership

AI vs. Humanity — Why Humans Will Always Win in Content Creation

With the proliferation and integration of AI across organizations and business units, PR and marketing professionals may be tempted to lean into this new technology more than recommended.

Growing a Business

Who You Hire Matters — Here's How to Form a Team That's Built to Last

Among the many challenges related to managing a small business, hiring a quality team of employees is one of the most important. Check out this list of tips and best practices to find the best people for your business.

Leadership

This Leadership Technique is the Secret to Optimal Team Performance

Through my experience in business, I've found one particular leadership technique that works better than others.

Management

7 Ways You Can Use AI to 10x Your Leadership Skills

While technology can boost individual efficiency and effectiveness, it's essential to balance their use with human intuition and creativity to avoid losing personal connection and to optimize workplace satisfaction.

Business News

Passengers Are Now Entitled to a Full Cash Refund for Canceled Flights, 'Significant' Delays

The U.S. Department of Transportation announced new rules for commercial passengers on Wednesday.