UK Challenger for eBay & Amazon Announced?

[JPMiddleton]

I added a question mark as it remains to be seen if they can actually challenge.

Has anyone heard of OnBuy? Are you one of the sellers then already have lined up apparently?

Quoted from PR WEB

Upcoming UK Online Marketplace OnBuy To Take on Amazon and eBay
British company OnCommerce Ltd has secured major investment to launch a brand new online marketplace called OnBuy in July, which will debut onto a scene dominated by two of the world’s most dominant companies, Amazon and eBay.


Cas Paton (Left) MD of OnCommerce, Rafi Razzak (Middle) Owner of Centerprise International, Garry Stevens (Right) CEO of Centerprise International
"We see OnBuy becoming part of the way that people buy online, setting new standards in reach and choice" - Garry Stevens, Group CEO
Basingstoke, Hampshire (PRWEB UK) 6 May 2013

British company OnCommerce Ltd is launching a brand new online marketplace called OnBuy in the summer, which will debut onto a scene dominated by two of the world’s most dominant companies, Amazon and eBay.
Twenty-eight year old MD Cas Paton, who also founded leading web development agency OnTop Media - which has worked on systems for organisations such as the MOD and NATO – has just secured his company major investment from one of Britain’s leading IT providers, Centerprise International. CI was founded in 1983 by one of the country’s leading businessmen, Rafi Razzak and the firm has since grown to become a major UK reseller for Microsoft, Panasonic, Toshiba and Dell.
“The value and experience, product reach and support services that Centerprise International offer are going to be fundamental to the success of OnBuy,” said Paton. “They’ve been trading for 30 years, working closely with some of the largest IT companies in the world!”
OnCommerce Ltd is aiming to make OnBuy synonymous with high quality and good prices, growing it to become the UK’s number one online marketplace.
Starting a rival online marketplace is a hugely ambitious project, but it certainly doesn’t daunt young Paton, who started OnTop Media at the age of 21 with just £80 in his back pocket:
“I’m happy to take risks, if I believe I can do it!”
“I’m so delighted with how far my businesses have come. In these though times, it just goes to show that if you set your mind to something, you really can achieve it.”
Garry Stevens, Group CEO of Centerprise International said of the project: “We see OnBuy becoming part of the way that people buy online, setting new standards in reach and choice.
“The first thing that attracted us to work with Cas and the team on the project was the focus and enthusiasm they have for it. For us, we are always looking for great people to back and we are happy that we can form a long and mutually productive future alliance together.”
Developed by a team of leading web experts who have worked on some of the most complex and high security systems in the UK, OnBuy has been perfected into a distinctly simple and easy to use marketplace, due to its unique navigation structure. Shoppers are able to quickly find what they are looking for; while an exclusive discounting structure will enable consumers to find the best prices for a range of different products; from all major brands, to independent retailers; even those selling non-barcoded or custom products - unlike some of its major competitors.
“OnBuy is committed to offering the lowest cost-per-sale, compared to rival marketplaces, allowing our sellers to sell at lower prices, and therefore our customers to benefit.
“We are really looking forward to watching OnBuy compete to become one of the major online marketplaces” MD Paton added.
OnBuy will launch in July, and are already claiming to have a large number of sellers.

 

[seoswat]

So how are you affiliated with Onbuy OP? lol

 

[antropy]

So how are you affiliated with Onbuy OP? lol

Haha yep, I looked up their accounts and none are filed yet so I'd say they've got a fair way to go before they rival eBay or Amazon

 

[JPMiddleton]

I'm not affiliated with them in any way, shape or form.

 

[antropy]

I'm not affiliated with them in any way, shape or form.

Good to know. Well I haven't heard of them but it seems they're a start-up who have been trading less than a year.

 

[JPMiddleton]

Good to know. Well I haven't heard of them but it seems they're a start-up who have been trading less than a year.

That much I gathered already, so we'll see I guess.

 

[MooToTheMax]

Hell of a market to get involved in: without products, no-one will visit; and without visitors, sellers won't want to list products. Especially difficult given the generic nature of this site.

I still think that there's room for an eBay killer out there. However, with eBay's brand recognition, incredible SEO, and the sheer number of every conceivable product available on there, I think it's not going to happen without considerable funding behind such a venture.

This is not only for the obvious reasons, but coming up with decent fraud controls, handling counterfeiters, answering lawyers letters from assorted others, fending off attacks from people trying to game the system - the list goes on and on. As soon as there's any kind of traction, pain will come with it.

All of which'll cost a lot of money.

(and that's ignoring the fun times if PayPal (owned by eBay) decide to stop accepting payments for you)

 

[JPMiddleton]

Hell of a market to get involved in: without products, no-one will visit; and without visitors, sellers won't want to list products. Especially difficult given the generic nature of this site.

I still think that there's room for an eBay killer out there. However, with eBay's brand recognition, incredible SEO, and the sheer number of every conceivable product available on there, I think it's not going to happen without considerable funding behind such a venture.

This is not only for the obvious reasons, but coming up with decent fraud controls, handling counterfeiters, answering lawyers letters from assorted others, fending off attacks from people trying to game the system - the list goes on and on. As soon as there's any kind of traction, pain will come with it.

All of which'll cost a lot of money.

(and that's ignoring the fun times if PayPal (owned by eBay) decide to stop accepting payments for you)

All valid points, perhaps they do have significant funding? Who knows but time will tell.

I would love to see Pingit being taken seriously and used by a competitor to eBay. After all it's (currently) free for all and i've used it with great success so far.

 

[Esk247]

There's already companies out there like Not On The High Street and Bouf or Etsy, Play.com, eBay yadda yadda there's dozens of market places already in existence that don't come close to Amazons international capacity and brand awareness.

Forget millions. It will take billions to knock them off their perch with the amount of money they spend on marketing and international investments.

So far the only big name online to be taking a bashing is Facebook but that's because they haven't changed the format since they started.

Amazon just offers too much, tens of thousands of products in dozens of categories across every department from books to toys to dvds to computers....

 

[JPMiddleton]

So far the only big name online to be taking a bashing is Facebook but that's because they haven't changed the format since they started.

You're spot on with everything you said, apart from this.

Facebook get's criticism all the time for changes it makes - especially business pages.

 

[beasty]

Hell of a market to get involved in: without products, no-one will visit; and without visitors, sellers won't want to list products. Especially difficult given the generic nature of this site.

I still think that there's room for an eBay killer out there. However, with eBay's brand recognition, incredible SEO, and the sheer number of every conceivable product available on there, I think it's not going to happen without considerable funding behind such a venture.

This is not only for the obvious reasons, but coming up with decent fraud controls, handling counterfeiters, answering lawyers letters from assorted others, fending off attacks from people trying to game the system - the list goes on and on. As soon as there's any kind of traction, pain will come with it.

All of which'll cost a lot of money.

(and that's ignoring the fun times if PayPal (owned by eBay) decide to stop accepting payments for you)

That bit is not really an issue, its anticompetitive, ebay will not be able to deny a service normally offered if they satisfy the conditions etc Cartel, Mergers and Monopolies commission, price setting etc its just not going to happen.

Anyhow, this all ignores that I have a much better version of ebay sitting waiting to be built.. MUCH better all in time

 

[Esk247]

You're spot on with everything you said, apart from this.

Facebook get's criticism all the time for changes it makes - especially business pages.

They make alterations but they haven't adapted the whole Facebook platform for the new Pinterest/Twitter era e.g. fast content, easy searching and they haven't managed to integrate business with profiles properly, it's all shoddy and bolted on rather than a lovely themed design.

Basically, it's become boring. They've got some new phone based content on the way but when did they last update their homepage? You have to scroll for ages to find things and if you're using a blackberry then you're screwed because it hates Facebook.

It's all knee jerk with Facebook, they bring things out and they're just amature looking bolt ons that are of no use to anybody but get in your way.

 

[beasty]

Can you still be an amateur when you turnover in excess of a billion dollars a month?

I know for golf you cannot accept more than 400gbp

 

[MooToTheMax]

That bit is not really an issue, its anticompetitive, ebay will not be able to deny a service normally offered if they satisfy the conditions etc Cartel, Mergers and Monopolies commission, price setting etc its just not going to happen.

Why not? I agree that it'd be a fast way to get into a hell of lot of trouble *but* if the threat was credible, it'd be a quick one-off way to seriously hurt the threatening competition.

It's unlikely any executives would go to jail, and the fine would be survivable.

Honestly, though, I agree with you: it's an unlikely move (can you imagine how many buyers and sellers they'd anger?). But just because something's against the rules, though, won't in itself necessarily stop a company from doing it.