On-line Marketplace Predictions

By AuctionWally http://www.auctionwally.com

OK, you knew they were coming, most people post their prediction list on New Year’s Eve; I want you sober.

Here are my predictions for the online marketplace in 2009:

  • 2009 will be the year of the small independent vendor;
  • Online sellers of unique items such as antiques and collectibles will realize that there is one website crucial to their success above all others, their own. I don’t think that they necessarily need to have their own site be a “store front,” nor should it be, but it at least has to be a central contact hub where they can explain their brand and promote their mission statement;
  • I predict that eBay will finally separate its auction model from its fixed price model into completely separate businesses;
  • I think the podcast will start to do to air wave radio, what the blogs have done to the printed newspaper;
  • Google search will be the first place people go to find a product;
  • Sales tax will be collected in all 50 states for on-line purchases;
  • Local economies will become mashable with Internet sales, as sites like Bonanzle encourage sellers to search and shop by location;
  • As smaller independent vendors learn and become better versed in how to manage their own websites, and as the tools they’re using become more stable and easier, they will not seek out the help of paid website builders and developers;
  • Those same website builders and developers—the good ones, such as iBusinesslogic—will have plenty of work from corporate businesses, as these businesses seek to solidify their foothold in the marketplace. Although they may not realize it until 2012, to these companies, the website developer will become as important to their success as the CEO;
  • Who’ll be around in 2010: eBay, Amazon, Bonanzle, WorthPoint, Auctionzip, PowersellersUnite, iTaggit, Seeauctions.com, Craigslist & AuctionWally.com;
  • Wall Street investors will funnel a large amount of money into the antiques & collectibles market as they realize that tangible assets have out-performed EVERY other investment over the long term;
  • Antiques, fine art & collectibles experts will become the new investment gurus;
  • Quality used and antique items will expand in market share as the economy tightens, the younger generation realizes that these are the ultimate green products, and we finally grow tired of cheap over-produced goods that break after the second or third time used.

Happy New Year, I’ll see you here next year!

No Comments

  1. sistahqueen says:

    Well thought out predictions…and I agree that Bonanzle.com will be in the forefront as Number 3 in the year 2010….

  2. ocdgirl2000 says:

    I agree almost 100%. On point #3, I don’t feel like ebay will be bothered with the trouble of splitting the 2 markets. They are more likely to only keep the very “high volume” high end antiques on their site, and NOT split them off, but keep them, in fixed priced listings narrowed down to a handful of sellers.(Just like amazon does)
    I definitely agree in the final realization that quality used and antique items will be the ultimate green products! I’ve always said that! This society has become so “disposable” minded, that the constant production of cheap goods is really out of hand, and not necessary.

  3. Mark Peer says:

    I’ve just returned from visiting several of the websites on your list of who will be around in 2010. Bonanzle.com shows a lot of promise although their “antiques cupboard” was a bit bare. Mostly though was not so impressed with most of what I found. There is still much work to be done to really capture the online antiques market. This venue is still wide open for a big star to shine. There is room for a few more.

    My big prediction: A new or otherwise up and coming site will begin where Ebay Live Auctions dropped the ball at the end of 2008. A site will link to all the major auction house catalogs in the world to give real time auction search results for live auction items from the now fractured live auction online community. Auction zip has part of this market now, but the upscale auction houses have not really flocked to them… yet.

    Just one example of poor quality content: AuctionWally.com has 7 appraisals for antique clock(s) listed. After reading Wally’s appraisal data written on the items really floored me! It seems to be compiled from pure speculation or an active imagination the author’s part. The “facts” and values given were not even close on more than half of the items. Wally’s antique clock appraisals are a big swing and miss! I don’t know if this is the case with many items in other categories, if it is I’d vehemently disagree with this one being a player in 2010!

    In the interest of full disclosure, I must tell you I’m an Antique Clock Worthologist at WorthPoint. This is my only role at WorthPoint and my concern is the proper dissemination of information about antique clocks. I write these words because they are true. If I had found Wally’s site to have been even close to accurate, I would not be writing this response!