Friday, January 22, 2010

Online Marketplace For Collectors

(Post: English)
" At age 21, Michael Dworecki is already a serial entrepreneur. He started a video-game café in high school and an apartment-listing Web site in college. "

Now, after winning $18,000 in seed capital from a University of Chicago Graduate School of Business program, he has launched Collectica.

The web is an online marketplace for collectors from all over the world, who trade in everything from stamps to Pez dispensers.

"Most online business plans go something like this: We'll get a ton of people to come to our site, and then we'll get advertising," says Waverly Deutsch, an investor in the site and a professor of entrepreneurship at the school.

"Collectica had a lot of revenue streams built in."

For instance, if a collector buys from another on the site, Collectica gets 3% of the sale.

Future moneymakers include hooking collectors up with appraisers for a fee.

Source: BusinessWeek

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