* Estimated Time Income $ 58,000 (based on current eBay insertion fees)
$ 24,000 from reaching Reserve Price Auctions
Auctions $ 34,000 from the Reserve Price was not reached (No Sale)
Collected Estimated Cost: $ 58,000
EBay Money Machine
Keeping the above statistics in mind, the emergence of a new online auction site has been somewhat slow because most of the marketing power of a multi-billion dollar giant rival Wal-Mart in the market. Largely been the way of the mother and Pop shops. One of the biggest challenges faced by attractive alternative for eBay sellers who are willing to give them a shot. You need a list to attract bidders and you need to attract traffic sellers. This whole chicken and egg story.
The challenge with eBay.
The good news is millions of buyers and sellers meet online every month to search for bargains, rare and unique items and yes even a car collector. Bad news, fake cashier checks, car theft, fraud emails and many more. As you can see from the statistics we gathered a lot of people spend $ 45.00, answering many questions, send lots of pictures and unfortunately the car was still sitting in the garage. Are there other options?