I think there are a lot of honest people doing honest business on online auctions. But the control on these Web sites is pretty minimal.
Sentiment: NEGATIVE
Would you want to do business with a person who was 99% honest?
When you are just starting out with an online business, there's a good chance that you'll be making several mistakes. Because of the mistakes that can be made with starting an online business, many people decide to quit or think that online businesses are just a scam.
The Internet is about giving the consumer exactly what they want, whether there's an audience of one or 1,000 or 10,000, and then figuring out how to make money on it later.
It's a lot of work to sell one thing on the Internet.
I have always been an honest trader. I come from a school of traders where there was honour in the deal. No contracts, just a handshake and that's it, done. That's the way I prefer to do business but it's not always possible these days, sadly.
Is Amazon truly the best online buying experience? Absolutely not. Is eBay the best platform for auction? Probably not. Are dating sites like match.com really a reflection of the way people date? Probably not.
Nobody has really grasped yet the great wealth that can be made selling data over the Web. There are 100 million potential customers out there.
There are very honest people who do not think that they have had a bargain unless they have cheated a merchant.
eBay's business is based on enabling someone to do business with another person, and to do that, they first have to develop some measure of trust, either in the other person or the system.
Auction houses run a rigged game. They know exactly how many people will be bidding on a work and exactly who they are. In a gallery, works of art need only one person who wants to pay for them.