Personal Finance Buzz

Swoopo has designed a flawless and I mean flawless business plan that ensures they are not only profiting from these auctions but flat out raking the money in. What better way to explain how this whole process works than by giving you an example.

The car Barack Obama drove before becoming US president has failed to sell during auction on eBay. The 2005 Chrysler 300C, which the president used during his time as a US senator, failed to register a single bid for its minimum asking price of $1 million (£632,271).

The vehicle, which had 19,000 miles on the clock, was priced between $14,500 (£9,167) to $17,000 (£10,748) over the usual cost of a vehicle of that type would usually fetch its current condition.

These are suggestions for preparations for ebay selling!

Get eBay discounts using Microsoft Live.com Cashback, which gives you a percentage off your eBay purchases. Find out how to get eBay discounts!

While eBay, Amazon and Craigslist all have individual strengths they bring to the online selling experience, there ARE other options to selling your stuff online. In no particular order here are a few other sites to try.