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Fascinating idea. I wonder if the savings from shipping and transaction costs (say of using Amazon or ebay) are worth the potential loss of value due to limitin
by ajiang 13y ago
Fascinating idea. I wonder if the savings from shipping and transaction costs (say of using Amazon or ebay) are worth the potential loss of value due to limiting your market (i.e. selling only to those around you). I know that I generally get a better price buying used electronics on Craigslist vs. Ebay, but rarely use that channel due to perceived danger of meeting up with someone random in person, though I suppose FOBO could solve that problem by introducing security and identity measures.
Will be watching with interest.
- ed 13y agoOne of the ideas behind FOBO is that the market for popular consumer electronics is surprisingly liquid, even with a small number of users (>=1K). By guaranteeing a selling price near what you get on eBay, we try to completely remove market liquidity from your decision of whether or not to sell on FOBO. About half our items end up going to real buyers for at or way above starting price, in which case we don't step in to handle the resale.