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February 8, 2006
Our New Ebay Culture
Interview with Daniel Nissanoff, author of Future Shop

Mike Carruthers:
There's a quiet revolution going on, we're becoming temporary owners.

Daniel Nissanoff:
That as a culture we're beginning to shed this legacy, the value system that caused us to own things and hold onto them for the rest of our lives- leaving our attics and garages cluttered with things we no longer use.

Daniel Nissanoff, author of the book, Future Shop

Our future is going to be much more efficient largely driven by Ebay and similar types of companies that are now allowing us to extract value from those things by finding homes with people that actually place value on them.

Daniel tells the story of a woman who bought a pair of $800 pair of shoes for her wedding. She wore the shoes once and sold them on Ebay for $600 so really the shoes only cost $200.

The same thing will hold true for golf clubs, watches, jewelry, clothing, accessories all of our everyday items. We'll begin to look at them as temporary purchases and be able to extract value from them in the future. And the result in that as in the example with the expensive shoes is that you'll be able to reach as a consumer. Instead of settling for something less expensive you can buy the things you really want knowing that you can extract value at the back end.

And we're only at the very beginning. The fact is very few people sell on online auctions.

Lots of people have bought but actually only about 5% of all the people who have ever bought anything on Ebay have sold something on Ebay.

Tomorrow what's going to make selling your old stuff a lot easier- I'm Mike Carruthers and that's Something You Should Know.

 

 
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