The L.A. Times Tech Blog alerted us to a new website that is much like eBay, but is basically free, saving you even more money with internet speed. Listia.com allows you to bid on items using free credits that you earn, instead of money. How do you earn them? Well, you get 500 credits just for signing up. And then you can also refer friends or “sell” your own stuff on the site, earning credits from the highest bidder.
There are a few situations that you would use real money though. One is for delivery or shipping, which Listia leaves up to the parties to work out for themselves. The other is when you don’t have enough credits to get the item you want, Listia will sell you credits–ten credits per dollar.
They’ve got stuff like a wireless router, a Nokia N95 phone (without battery or cords), and an electric guitar. But why would anyone want to get rid of it for free? Well, you may have put something up on eBay and had it not sell, but you still really want to see it go. Or you’re too lazy to have a yard sale and spend your weekend sweating it out on your front lawn for a measly twenty-five cents profit. It doesn’t matter, because they don’t require an explanation.
And to get everyone hooked on trading, they offer “rewards auctions”. They say, “To reward the active users of the site we’ll be putting up some big ticket items for you to bid on! Up first is a brand new black Flip Video UltraHD.” Their second offering is a Samsung 32 inch LCD HDTV, and this one will give 60% of the profits (from people buying credits, I guess) to charity. And as a rewards auction, Listia pays for the shipping!
The free $50 of credits is only for a limited time, so it might be worth taking a walk around the house to see if there’s anything you might want to part with.