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Half.com
www.half.com
We caught up with Mark Hughes the former Vice President of
Marketing at Half.com. Mark a marketing genius came up with
the concept of renaming the town of
Halfway,
Oregon as
Half.com.
Five months later Half.com was sold to eBay for
$300 million.
The rest is internet folk law.
Your name: Mark Hughes
Position / title: Former Vice President, Marketing
Company name: eBay’s Half.com
Website: www.half.com
Your company / website vision statement / goal:
The smartest place to buy and sell
What you sell / services you offer (brief description of your
company):
Like eBay, a marketplace for buyers and sellers to come together
to list and buy used books, DVDs, music, and video games.
Have you always wanted to run your own business?
What were some of your previous jobs / companies?
After nearly 15 years in the corporate world, I wanted to
apply my knowledge & experience from companies like
PepsiCo into a much faster-paced environment where I
could personally impact the business and place my own
fingerprint and signature on the growth of a brand.
Have you got any qualifications? Please tell us about
yourself academically?
Columbia MBA, 5 years at PepsiCo, subsidiary of AT&T,
2 billion national retailer; ran $40 million marketing budget,
won national awards in marketing.
How / when did the idea of your website / company
come about?
I wasn’t the founder, but the story as it goes from the founder
Josh Kopelman’s lips is something like this … he and his wife
were surfing eBay.com and noticed this huge supply of John
Grisham books on eBay without any bids. At this point in time,
there was no “Buy it Now” functionality on eBay. He surmised
that no one wanted to go through the then hassle of bidding for
a commodity item like a book…they wanted to pay a fixed
amount for a used book or DVD — and wanted to buy it on
the spot like you could at Amazon.
Josh asked quite a few people how much they would be willing
to pay and people kept saying “about half” The name and concept
was born. Later on…once the site was launched, people told us it
was OK if things were priced a little more than Half price if they
could get a wider selection…so we broke our strict half price
model but almost all the items today on the site are half price.
If you could give readers of this book one piece of advice
what would it be?
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