Originally dreamed up March 2005 by Wal-Mart SVP-Marketing Communications Julie Roehm at her former post at Chrysler Group, Adage reports the auction is being seeded with $50m in Walmart ads.
Congrats to RB for seeing the trend early and capitalizing on it.
The ad trials are being set up for demonstration next month with an estimated launch in the first quarter of 2007. eBay’s site is located at Admarketpilot.com.
There will be two trading systems to serve both buyer and seller. The Buyer’s format sounds like it will be an RFP format from selected sellers. A marketer can set a start and end date for the trade. Anonymity will be kept during the bid process with the winner and winning bid being revealed at close.
The second system would be one for sellers. Available inventory would be posted and buyers would bid on the package.