Originally Posted by Dom Heffner
I sell on ebay occasionally, and my mother used to make a living at it. She complains now that it's pretty hard to sell anything for even close to what it's worth, which in my opinion is how auctions run in general.
Unless you have something out of sight, it normally goes for well below book value. Mom doesn't do a fraction of what she used to.
Before ebay there was a false sense of rarity. Now, things we thought were rare are listed on there every week, and there is never a shortage of people who just want to give things away.
It's amazing that you can search for anything...I mean anything and almost always find it or something like it on Ebay.
Not to mention, all the "make a living selling stuff on Ebay" courses/programs. More competition = lower prices.
And I think the rose might be off the Ebay bloom a bit. For a while Ebay seemed to be a "go-to" web desitation. You'd plop infront of the computer and search for stuff just to see if you could find it. Now, I think more people go to Ebay either for (1) niche items (2) as a store of last resort.
Just my $.02.