Regular readers will know that I am a fan of eBay for buying and selling. It is great for making money from your old clutter, reselling and finding bargains. But what of the new Facebook Marketplace? Could it be a serious rival for eBay?
What are the benefits?
I have only recently discovered Facebook as a way to buy and sell. At first glance it seems to have some advantages over eBay. There are no selling or PayPal fees for a start. These can make quite a dent in your profits!
So many people use Facebook now, the potential audience is huge. As awareness of Marketplace increases so do the number of potential buyers and sellers.
You can search very locally, making it a good place to sell items you would like collected. However, you can expand your search to find items from further afield.
At a glance, setting my distance as 30 miles away from my house, I can see a bed for sale, a collection of toy cars, a mirror, wardrobes, jewellery, Handbags and clothes. It reminds me a little of Gumtree.
Better than Freecycle?
Facebook Marketplace seems a good place to get rid of stuff for free. I found my local Freecycle group such a faff and a bit over controlled. The admins were too keen to refuse your adverts and it all took quite a long time. Your inbox then got deluged with emails!
eBay is no good for finding free items because of the aforementioned fees. I have already given away a large cross trainer that none of my family and friends were interested in, saving it from landfill.
The classified ads section on Facebook is great. You can rent a room or mobile home out, do a house swap or sell your flat! You can advertise for a cleaner or offer your services as one.
What are the disadvantages of Facebook Marketplace?
eBay offers its users a huge global marketplace, with potential buyers and retailers from every part of the earth. This can’t be said for Facebook. It is still relatively small scale and seems to be better at a local level. However, who knows how it will progress in the future?
Facebook isn’t policed in the same way as eBay. If you have a difficult transaction on eBay they will always jump in to protect you financially and get your money back. You also have the opportunity to rate poor buyers and sellers to warn against them or provide reassurance.
Payment is mostly cash on delivery and sellers seem less inclined to mail items. Because eBay is such a huge global organisation it is the other way round. However, this does mean the price you offer is the price you pay with no over inflated postage charges.
So, is Facebook Marketplace the new eBay? Not yet, but I will certainly be using it alongside to get rid of bulky items like furniture. And I will take a browse through what is on offer from time to time.
What are your views? Have you tried Facebook Marketplace yet?