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May 11, 2007

ubid.com Proves That eBay USA Is A Bargain

Whenever eBay USA raises its prices multitudes of sellers get angry and swear they are going to start their "own" auction site and cut eBay out. The recent quarterly earnings from ubid {ubid.com} reveal the idiocy of starting-your-own-auction-site-to-get-back-at-eBay.

The first quarter of 2007 ended on March 31. At this time, ubid announced losses of $1.4 million - but this is better than the first quarter of 2006 when losses were $2.0 million.

According to ubid:

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# uBid.com has registered over 5 million customers and sold over $1 billion dollars in merchandise since it started in 1997. The company currently attracts over 2.0 million unique visitors a month to its website, www.ubid.com

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This is what happens with a company like ubid. What chance do small sellers have to boycott eBay? Well, every chance - if they don't want to make any money!

Posted by SydneyJohnston at May 11, 2007 3:06 PM

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