Feedback on BestOffr Startup

[BestOffr]

We have created a new website https://www.bestoffr.com that is based on buying and selling using Best Offers only. There is not fixed pricing, buy it now, reserves or bidding. The system is very simple, the seller lists the item with a price they are looking to get for an item. The buyer does not see this price, an can submit offers for the item. If the offer is equal or greater than the sellers price the item will automatically be added to the buyers cart at the price the buyer submitted the offer for. We do not show prices on the site.

Example: You have an antique tool that you found and want to sell online. The issue is that you cannot find information on this tool and you do not have time to keep looking. List your item with a price of $125. The item is listed in your store and buyers can start submitting offers. Buyers do not see your price of $125. A buyer submits an offer of $375 for the antique tool. At that time, the buyer can now add the item to their cart for the $375. Any offers that are less than your price will be rejected and the buyer is instantly notified. You have now made $250 more than what your originally asked for the item. The buyer knew the value of the item in which they place a $375 offer. Both the buyer and seller are satisfied with the sale.

How I can attract more people to start using the site and listing items. Without items for sale on the site we cannot attract buyers. There are no fees involved and the seller uses a PayPal account to collect sales. The site uses SSL throughout. I have tried to make the site SEO friendly throughout. I have linked to all social networks and have linked to Google and Bing webmaster tools.

Any feedback is much appreciated.

 

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[GSF]

Your USP of using best offers only is not compelling enough to compete with ebay, if I want to sell something (secondhand/used) I'll go to ebay because that's where all the buyers are and where I'll get the most offers to review, to attract buyers you could niche down/ focuss on a target market, don't try to sell everything to everyone focuss on one niche, maybe insert ebay best offer product feeds into your site so you have listings, try and partner with liquidation/ surplass stock companies, retailers/ brand owners looking to do product launches like best offer giveaway deals etc

 

[Kevin Peter]

Ideally, the buyer now knows that he will be paying something more than necessary as you have explained the model on the website as well.

 

[LifeTransformer]

One problem.

Say I bid $375 for the tool you're using as an example. I then know it is at least available at that price.
Can a friend or family member not create another account and offer $200 and see if that price works?
Or keep making offers going up from say $50 until it allows me to add it to the cart?

 

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