Skip McGrath, an eBay Powerseller for years, and the man who literally wrote the book(s) on eBay sales, has turned his attention to OnlineAuction.com (OLA.com). And he likes what he sees.
United States of America (Press Release) January 11, 2008 --
Skip McGrath, an eBay Powerseller for years, and the man who literally wrote the book(s) on eBay sales, has turned his attention to OnlineAuction.com (OLA.com). And he likes what he sees.
After reviewing the OnlineAuction.com site McGrath says,
"Competing with eBay is pretty tough for anyone, but Online Auction (OLA) is starting to get better traffic. I tried some auctions and so far had a 50% sell through rate. My average sell through rate on eBay is quite a bit higher than that, but remember I didn't pay any listing fees, so the bottom line is that is was just as profitable.
OnlineAuction.com, recently achieved their ten millionth listing --a milestone that no other auction company has achieved since eBay. I was speaking with one of their executives today and he said that they are on track to reach their goal of 100 Million items listed."
"So what are the economics of listing on Online Auction for $8/month and paying no listing or final value fees. Let's look at an example. If you were to list an item on eBay for 99-cents starting bid, the listing fee would be 20-cents. If the item sold for $25, the final value fees would be $1.96. That is a total of $2.16 to sell your item. Of course if it doesn't sell, you still pay the 20-cents. So if you listed and sold 10 items a month on eBay using this example, and all of them sold, you would pay $21.60 in fees versus $8.00 in fees on OnlineAuction.com. (I didn't take image hosting or special fees into account in this example, but OLA enhancement fees are somewhat lower than eBay's as well)."
McGrath has even gotten his readers a special deal on Founding Memberships. For details go to his site:
http://blog.skipmcgrath.com/
Or visit the OnlineAuction News:
http://www.onlineauction.com/index.php?page=news:latest_news
After reviewing the OnlineAuction.com site McGrath says,
"Competing with eBay is pretty tough for anyone, but Online Auction (OLA) is starting to get better traffic. I tried some auctions and so far had a 50% sell through rate. My average sell through rate on eBay is quite a bit higher than that, but remember I didn't pay any listing fees, so the bottom line is that is was just as profitable.
OnlineAuction.com, recently achieved their ten millionth listing --a milestone that no other auction company has achieved since eBay. I was speaking with one of their executives today and he said that they are on track to reach their goal of 100 Million items listed."
"So what are the economics of listing on Online Auction for $8/month and paying no listing or final value fees. Let's look at an example. If you were to list an item on eBay for 99-cents starting bid, the listing fee would be 20-cents. If the item sold for $25, the final value fees would be $1.96. That is a total of $2.16 to sell your item. Of course if it doesn't sell, you still pay the 20-cents. So if you listed and sold 10 items a month on eBay using this example, and all of them sold, you would pay $21.60 in fees versus $8.00 in fees on OnlineAuction.com. (I didn't take image hosting or special fees into account in this example, but OLA enhancement fees are somewhat lower than eBay's as well)."
McGrath has even gotten his readers a special deal on Founding Memberships. For details go to his site:
http://blog.skipmcgrath.com/
Or visit the OnlineAuction News:
http://www.onlineauction.com/index.php?page=news:latest_news
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