iSold It Turns Two Years Old With Strong Third-Quarter Results and 600 Stores Sold; Drop-Off Store Franchisor Creates a New Class of High-Volume eBay ``Uber-Sellers''.PASADENA, Calif. -- iSold It, the nation's leading eBay drop-off chain, is pleased to announce its year-to-date 2005 gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. exceeded $20 million, with third-quarter sales up more than 1,400% vs. one year ago. With its two-year anniversary around the corner, the company has over 140 franchise stores now open, 600 stores under contract, and is opening a new store on average every three days. Additionally, within these two years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time chain has helped almost 100,000 customers launch over 400,000 auctions on the eBay platform and has quickly become the number one seller on eBay. As a result, the chain's franchisees are becoming a new class of high-volume eBay "uber-sellers" -- trading assistants with extremely high volume on eBay. "The response from our customers has been amazing a·maze v. a·mazed, a·maz·ing, a·maz·es v.tr. 1. To affect with great wonder; astonish. See Synonyms at surprise. 2. Obsolete To bewilder; perplex. v.intr. ," says long-time eBay seller and iSold It franchisee Michelle Naranjo. "I just helped one company liquidate To pay and settle the amount of a debt; to convert assets to cash; to aggregate the assets of an insolvent enterprise and calculate its liabilities in order to settle with the debtors and the creditors and apportion the remaining assets, if any, among the stockholders or owners of the its phone networking equipment, I'm helping a local auto dealer sell cars, and I just put one woman's entire Royal Doulton The Royal Doulton Company is one of the world-renowned English companies producing tableware and collectables, with a history dating back to 1815. Operating originally in London, its reputation grew in the area known as The Potteries, where it was a relative latecomer compared to Toby Jug toby jug (tō`bē), small pottery pitcher or mug modeled in the form of a jolly, stout man wearing a cocked hat, a corner of which serves as pourer. collection up for auction." These high-volume sellers, many with sales 25 to 50 times the level needed to achieve eBay's prestigious "powerseller" status, have fueled their growth by tapping into the estimated $100 billion in household items available for resale, as well as the estimated $60 billion in merchandise liquidated DAMAGES, LIQUIDATED, contracts. When the parties to a contract stipulate for the payment of a certain sum, as a satisfaction fixed and agreed upon by them, for the not doing of certain things particularly mentioned in the agreement, the sum so fixed upon is called liquidated damages. (q.v. by businesses each year. In the two years since the drop-off store category began to gain momentum, over 600 independent and chain stores have been opened in strip malls across the country. This number is projected to grow to over 5,000 stores in the next five to seven years. At this continued growth rate, these sellers could account for five to ten percent of eBay's domestic volume in the next few years. "Cleary, we've tapped into something really big here. People want to sell on eBay, and are happy to have a service that makes it easy," says iSold It CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President Ken Sully. "Plus, our customers know that our stores have an incredible amount of experience on how to get the most out of eBay for them." Intent on supporting its franchisees while growing the category, iSold It has invested heavily in national marketing programs, proprietary software and store operations support. The company's objective is to harness the wide range of opportunities created through the continued growth of eBay, and of e-commerce overall. "We're in the early innings of a long-term trend," says Sully. "Our goal is to give every household and business an easy way to participate in this growth." About iSold It iSold It offers its franchisees a turn-key program that makes it easy to open an iSold It drop-off store in their local community. The company hosts a proprietary software system that allows independent stores to easily interface with e-commerce sites, manage their inventory, create management reports and efficiently pay customers through a bulk-rate check payment system. In addition, iSold It helps franchisees secure store locations, orders and installs their turn-key `store-in-a-box' build-out, provides training and support, and leads overall national and local marketing efforts. The concept for iSold It was created by Elise Wetzel as she was helping to fundraise fund·raise or fund-raise also fund raise intr.v. fund·raised, fund·rais·ing, fund·rais·es To engage in fundraising. Verb 1. for a new playground at her children's school. Elise recognized that auctioning donated items on eBay could be a powerful fundraising tool, especially if there were a service that helped make it easy. From this small idea for a school benefit came the foundation for iSold It -- providing an easy way for any person, business or organization to sell things online. Today, iSold It is considered the leading concept in the emerging drop-off store category. iSold It is registered to sell franchises in 48 states and currently has 600 stores under contract. For more information, visit www.i-soldit.com. iSold It, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . Each iSold It store operates under a unique eBay ID. iSold It(R) and the iSold It logo are trademarks of iSold It, LLC. |
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