Huge Ebay Traffic
EBay was the first online auction house to get big traffic. The eBay phenomenon is absolutely the best rags to riches story of online success. The traffic and buzz eBay was able to create and build upon is stunning. The traffic that Ebay is able to get to anyone's auction advertizement is unbelievable. Some of the listings that I have put on ebay have garnered over 1000 viewings in seven days.
|Shimano Crankset from Zbikenut on Ebay|
One of the keys in any advertisement is to develop Urgency. The auction model has always been good at giving the potential buyer a real sense of urgency. You must bid before the auction ends or you will not be able to buy this item.
The cost of listing items puts urgency in the seller. The starting price must be low enough to attract interested buyers.
In order to leave feedback for another eBayer you have buy or sell something. Feedback from lots of people that have dealt with an individual you are thinking of dealing with is awesome.
It is a huge factor for eBay Buyers and sellers.
TrustThe Feedback system helps get rid of the unethical sellers. If you buy from or become a TOP RATED PLUS SELLER you have gotten a lot of great feedback and have shipped over 90% or your sales within one business day.
Paypal adds another layer of security for both the sellers and the buyers.
Speed of Shipment
Ebay has created another class of sellers. TOP RATED PLUS sellers work to a higher standard than even Amazon. They must have over a 98% positive feedback, and they must ship at least 90% of the items they sell within one business day. Most Ebay powersellers will ship your item to you quicker than Amazon.
I would recommend always buying from Top Rated Plus ebay sellers if you have the option. They have proven that they have in stock what you order and ship it within one business day.
Craigslist has become a power online. Will it come to compete with eBay? I give that a resounding NO. Craigslist is an online classified listing. It is great for dealing locally but it will not compete with eBay in its current form. It does not give urgency or trust and it doesn't have the billing system to become the monster cash generator that eBay has become.
Another Article from Bicycle Rick AKA Zbikenut