Social Network for sale on eBay

Shout Central

It seems like selling your startup Web 2.0 businesses on auction sites such as eBay, is an increasing trend. This comes after another MySpace-type clone, Shout Central, is now available on eBay. The starting bid is only $100 and it seems incredibly cheap, considering the site has in excess of 1000 registered visitors. The interface also looks good and in our opinion, this should be a good buy if you pay less than $2500.

There has been 12 bids to date and the current highest bid is at $2000, so it looks like the “good-buy” at less than $2500 will not happen! So it is not bad going for an auction listing that has only been online for a day or two.

I would however like to question whether this method of selling your business is really successfull ie. do you get a better selling price through eBay compared to selling through more conventional ways? Obviously an auction place, brings a lot of buyers together, which is obviously to your benefit (and it makes finding buyers a lot easier), and it is online as well, which means that the sale is open to a global market and not just limited to the seller’s area. Although this all makes sense in theory, I’m still not convinced though…

Maybe I should stick Cool Crowd up there and see what happens? But for now anyway, check out the progress of the ShoutCentral sale here - it ends on 12 January.

TechE said,

January 9, 2007 @ 8:51 am

I see the bids has now reached $4750, with another 3 days to run… Good stuff and good move by the owner!

Adii said,

January 14, 2007 @ 6:02 pm

Sheesh, the owner got $13 800 for the social network in the end… Not bad. I take back my words regarding online sales…

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