Posted on Thursday, 20th November 2008 by Greg
One idea that I always thought was ridiculous was starting your own Ebay-like auction website. I know, the idea sounds pretty exciting if you’re entirely to the concept. However, if you are familiarized with it, you probably know that getting your own auction website to workout is almost IMPOSSIBLE. First of all, too many people are trying to do this. There are probably almost 100 auction scripts out there for you to choose from that has Ebay-like features. This makes it very easy for the average Joe to setup their own auction website. Secondly, why would anybody want to sell on your website when it has no credibility and probably barely any traffic?
Well, maybe your auction covers a certain niche that none of these other auction sites cover. It’s still very hard to workout even if you use a niche! The only time I would startup a niche auction site is if I already had the traffic. Let’s say you owned a blog about building custom PCs that got 25,000 unique visitors a month. If you cross-promoted a free auction website for selling PC parts, you might get enough people who are motived to post their items for sale. You can also add catchy phrases on your auction site such as “Get Your Items Seen By 25,000 PC Builders A Month For FREE!”. If everything works out you might even be able to charge people in the future.
This is the only scenario that I think would work with starting an auction website. Anything else is just a dream that probably won’t materialize. Especially if you’re using a popular auction script and running the business out of you bedroom.
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