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EcommerceBytes-NewsFlash, Number 2016 - April 10, 2009 - ISSN 1539-5065    3 of 5

cMarket Charity Auction Sales Surge in Q1 to Pass $60 Million

By Ina Steiner
April 10, 2009

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cMarket announced a record quarter for online auction sales resulting in an additional $6.3 million dollars raised for schools and nonprofit organizations across the US, bringing the total raised since inception to over $60 million. The number of charities running online auctions increased by 46% over the same period last year. The company's BiddingForGood.com website saw 400,000 unique visitors in March and over 900,000 for the quarter.

cMarket CEO Jon Carson said, "The cMarket Network has evolved into a "virtuous circle" where charities, item donors, and consumers all benefit from each other, and the more they do, the larger the network becomes."

In the first quarter of 2009, cMarket achieved a number of milestones, including hosting 613 online auctions that attracted 900,000 unique visitors who generated over $6 million for charitable causes and $3.6 million for K- 12 schools; and signed 14 additional partners to its Product Placement program for commercial item donors, bringing an additional $1.5 million dollars of product and services available to clients. It also released and deployed an automated Auction Item Request System (AIRS), making it easier for commercial item donors to process and manage the large numbers of inbound requests for donations.

About the author:

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

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