TAMPA, FL (PRWEB) November 8, 2005
TWay, a small but customer-focused online auction site, has plenty of room to grow within the domestic market, and that is very good news indeed for U.S.-based buyers and sellers.
Larger and more established online auction sites, such as EBay, say that they must look overseas for new expansion and to maintain the growth rates needed to satisfy investors. It is a situation that works to TWay.com’s advantage – Tway.com can focus its growth on domestic buyers and sellers, and can attract customers who grow disillusioned with the business strategies and higher rates of the bigger online sites.
“Customers tell us that what they really want is reasonable rates and good service,” said Dean Burnetti, TWay.com’s president. “So it is pretty clear to us what we have to do.”
In a report filed with the Securities & Exchange Commission on Oct. 25, EBay said it expects its domestic revenues to increase in the coming quarter, but to decrease as a percentage of overall revenues.
“We expect net transaction revenues from our U.S. marketplace to increase during the remainder of 2005, but to decrease as a percentage of total marketplaces net transaction revenues as the international marketplace segment grows in significance,” the SEC filing said. “In addition, even as the U.S. marketplace continues to grow in total, we expect the growth rate during the remainder of 2005 to be lower than that of 2004.”
EBay has been investing millions of dollars in overseas expansions, and it has said that it intends to continue to do so.
“The increasing interest in overseas markets on the part of EBay creates an opportunity for us domestically,” Burnetti said. “U.S. customers may end up feeling neglected by this focus on overseas growth, and we are a very viable alternative in that case.”
TWay.com does not charge listing fees, and its pricing structure is very competitive when compared to other online auction sites.
ABOUT TWAY.COM: TWay.com moves online buying and selling to the next level with unparalleled flexibility, options and service. It also offers marketing partnership opportunities to savvy entrepreneurs. To learn more, visit the website at http://www.TWay.com.