News 8 AustinYour News NowYour News NowAn Exclusive Service of Time Warner Cable
News 8 Austin


TOP STORIES


HEADLINES


LOCAL NEWS


YOUR NEWS


WEATHER


SPORTS


HORNS STAMPEDE


LIVING


NEWS 8 EXPLORES


SPECIAL COVERAGE


COMMUNITY


COMMENTARY


ABOUT US


SEARCH


NEWS8CAST VIDEO




Buy your tickets online today.

Submit your summer camp for our free online listing.

Contact News 8 through the IVC.

TOP STORIES
TuesdayFebruary92010



x46
Online auction sites find the return of the middleman
9/24/2006 5:43 PM
By: Hermelinda Vargas and Web staff

 
Online auction sites like eBay were created to eliminate the middleman and allow people to buy and sell directly to each other. But since the company has had 11 phenomenally successful years and has revolutionized the marketplace, some sellers need a little help to make their auctions stand out.

eBay veterans are finding growing success as middlemen for online auction rookies. For example, Mando Filoteo began his eBay adventures as a buyer. As a DJ, he went online to look for equipment and records.

Filoteo's company Vendelo means "sell it" in Spanish. It's part of a new wave bringing back the middleman. Filoteo said he got into selling for others when his boss needed to move some merchandise.

“He had a whole bunch of neons and barware that he wanted to sell and no way of selling it. And I said, you know what, I can sell it for you on ebay. Boom: Vendelo was born," he said.

 WATCH THE VIDEO
More Information
eBay middlemen

Online auction sites like eBay are seeing a growing trend of sellers acting on behalf of other people.



eBay recognizes sellers like Filoteo as "trading assistants,” and his company has earned the moniker of “power seller.” That means he averages a minimum of $1,000 in sales per month for three consecutive months and receives positive feedback from his buyers.

Filoteo said there's more to it than just taking a picture of a product and posting it online. He said the added value is in Vendelo's expertise - knowing what's valuable and knowing how to market it. His company takes a 35 percent cut of the profits, and the client gets 65 percent.

"There's more to it than just taking the picture. You want to see what it's worth, the eBay market value. You want to get a good description of the item, you want to get nice pictures. And then you got to pack and ship it and worry about getting the payment. So there's more steps than just ‘let's sell it on eBay.’ It's worth it because a lot of these items, they're just sitting there and they're sitting assets," Filoteo said.

Filoteo still spins records part-time, but now he has a new dream of a taking Vendelo to the next level.

"My vision, or the vision for Vendelo is a global network of Vendelo agents that can help you sell," he said.

But it’s a volatile industry. Some people work out of their homes and don’t have any overhead. But other companies that rent storefronts have come and gone. A company called Auction Bin that was profiled by News 8 Austin in Sept. 2004 is out of business.

On the other hand, Austin-based Jump Ahead Training teaches people high-volume selling on eBay. Founder Terri Bishop says she’s the city’s first certified eBay trainer, and she’s since quit her day job and devotes her life to hunting and selling items to make a profit.



Email this Story to a Friend
Printer Friendly Version
Search TOP STORIES

Weather Center
evening
2/9/2010
Near 40
overnight
2/10/2010
Mid 30s
morning
2/10/2010
Near 30

Voters' Guide

For Central Texas Election Information, including a list of statewide candidates and links to county voting locations, click the link.

Primary election day is March 2. The general election is Nov. 2.

Enter to win free tickets to the show.
News 8 Video Cart

Story
Play
Read
Governor's Mansion
Play Video
Read Story
Landmark restoration
Play Video
Read Story
Build News Cast Empty Cart
Full Instructions Full Instructions
Online Poll

Tuesday morning, a judge agreed to hear a divorce case between a same-sex couple. This is the second case heard in Texas. Do you agree with his decision to hear the case?
No, gay marriage is illegal in Texas
Yes, there was no other way to solve the matter
Unsure, this is a complicated legal matter
Other – your comments

VoteView Results
Neighborhood Calendar
COMMUNITY CALENDAR
Jan FEBRUARY 2010 Mar
S M T W Th F S
Week Of 2/1/2010-2/6/2010 1 2 3 4 5 6
Week Of 2/7/2010-2/13/2010 7 8 9 10 11 12 13
Week Of 2/14/2010-2/20/2010 14 15 16 17 18 19 20
Week Of 2/21/2010-2/27/2010 21 22 23 24 25 26 27
Week Of 2/28/2010-3/6/2010 28





Baby Products





Home | Terms of Use | Privacy Policy | Contact Information | Site Map | Click for RSS information
Copyright ©2010TWEAN News Channel of Austin, L.P. d.b.a. News 8 Austin

Web production by Tipit


Digital Cable offers the latest in home-viewing entertainment.
Talk as long as you want to anyone in Texas and the United States for one low monthly price.
Time Warner Cable now offers you more choices in High Speed Internet service.
Time Warner Digital Cable offers a wide variety of commercial products designed to accelerate the gr
Video On Demand lets you instantly choose from a wide selection of great movies and award- winning p
Digital Cable channel lineups.
Time Warner Cable of Austin offers 15 HDTV channels on digital cable.
TV listings for your service area.
Take a look at the special offers and promotions available now through Time Warner Cable Austin.
Record two shows at once. Plus fast-forward, rewind, and even pause LIVE TV to get a snack, answer t

On the go? Follow us on Twitter and we'll keep you current.

Sponsored Links

The premier collision shop that paints cars.