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eBay Competition

Can anyone compete with the online auction website giant?

We all know that eBay is the largest online auction website around? There is no question that it has the market cornered when it comes to online retail from online auctions, but do they have any competition? A new online auction website in the UK claims to be that competition.

CQOut claims to be the second largest auction site in the UK behind eBay. Now with over 250,000 listings the online auction site has gained some popularity. Set up in 1999 by London Business School graduates Siamak Bashi, Tony Newton and Mike Rees, CQout has grown quietly by word of mouth, content to watch other auction sites come and go. During this period they have they have gained customer support through solid security measures and strong customer service.

When CQOut was asked how they can exist in the shadow of the giant that has become known to disgruntled users as 'Feebay', CQout Managing Director Siamak Bashi said "We think people should have a choice, whether it's on the High Street or the internet. Our view is that people do sometimes need help and value real customer service, so if you call us, you'll get through to a real person who'll help deal with a problem or offer advice... and unlike some others we do respond to email! Also, from Day One, we've insisted on a rigorous validation policy to ensure that users were genuine: some people loved that, some hated it, but time has proved that we were right to work harder than certain other sites to keep out potential fraudsters and scammers."

We've all seen many online auction websites develop and claim to be the next eBay, only to vanish a few months later. There is so much work that goes into the development of any website but especially with an auction site. Can CQOut compete with the online giant? From what we've seen so far they definately have the best shot!

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