Bid on It How online auctions will change retail as we know it
By April Y. Pennington •
Opinions expressed by Entrepreneur contributors are their own.
The advent of eBay has done more than just allow people to pawn excess inventory for a few bucks or feed their passions for collectibles. Daniel Nissanoff, author of FutureShop: How the New Auction Culture Will Revolutionize the Way We Buy, Sell and Get the Things We REALLY Wantand co-founder of online luxury goods resale company Portero, asserts that eBay and similar online auctions have created a culture that will explode in the near future and completely change consumerism as we know it.
Entrepreneur: How is eBay affecting business?
Daniel Nissanoff: In the eBay ecosystem--a term describing businesses that feed off of eBay--we saw the first-generation businesses, PayPal being the home run. Drop shops are the first of the second generation.