For years, people and business have been using eBay as a great way to sell unwanted stuff or to boost sales, but for many, unless you are a mass-retailer of foreign-produced goods, it is almost impossible to turn a profit, with their tax on revenues and high listing fees.
Well now a new entrant has hit the online auction market, more determined than any before to make a real impact on eBay’s monopoly position in the market. Yes, http://www.unibidder.co.uk is not started just to make a profit, and has actually been started by investment-banker Vivian James Watts, who simply wants to provide an alternative to eBay. Hopefully, users will start to realise that what eBay offers, in reality, is nothing more than a meeting place for buyers and sellers, and they charge an insane amount of money to do so.
Therein lies Mr. Watts’s gripe – he started UniBidder with the intention of offering a useful service that costs nothing to provide.
What eBay’s share price suggests, is a huge increase in the value of the company, assuming the future estimations of their market share are accurate and competition remains unheard-of as has been the case in years gone. Keep an eye on the newly-formed UniBidder.co.uk, and others like it, who may pose a significant resistance to the domination and exploitation of eBay in months and years to come.
This post was submitted by unibidder.