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Buy Side Auctions
from the for-the-sucker-in-everyone dept
This one's interesting... eWanted.com is a company that is for auction buy siders. Basically, if you're looking for an item on auction you post it here, and hope that someone auctions it to you? This seems a little strange. Basically, all you're doing is admitting that you're willing to spend a lot on something, and yet, someone else can simply come along and outbid you. The company has no idea how it's going to make money, but has raised some seed funding from investors who apparently don't care. Somehow my guess is their business plan is to sell out to eBay. Note the site's similarity to eBay's site.
Reader Comments
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eWanted.com
Hi Mike,
I think what you are missing is the fact that people post what they want to buy and then sellers come in and outbid each other to sell the product they have. Therefore the buyers gets the best possible price because of the competition. I think it's brillant,and it worked well for me. I was able to find an awesome bike for real cheap because I had four bids on it.
I think it's worth checking out again.
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