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EBay Spawns Niche Market

Who says that innovation off the Web is dead? It turns out that eBay has given birth to a neat little niche market that allows people to drop off their stuff at a brick and mortar environment. OK, the idea is sound for now. But is it anywhere near as recession proof as eBay itself?

With the explosive success of EBay, it’s not surprising that several companies are jumping on the bandwagon to help people sell their unwanted items on the Internet auction giant.

In this growing niche, companies like ISold It, AuctionDrop, NuMarkets, QuikDrop, and Snappy Auctions are providing convenient locations where sellers can leave their wares and let the vendors handle the rest for a fee.

ISold It, which claims to be EBay’s top seller in terms of dollar sales, will photograph the item, set up the auctions, communicate with bidders and the ultimate buyer, ship the merchandise, and pay the sellers by check.

The company has 60 drop-off facilities, which are all franchisees, in 22 states, and plans to expand by 430 more in the near future.

“We are a full-service operation,” ISold It founder Elise Wetzel said. “When customers come into our stores, we can go online with them immediately and give them an appraisal. We take the hassle out of it.”

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