You sure you really want to sell that thing? From your description it sounds like a real "honey." Must be worth at least twice, no, three times the initial starting price.
You should be able to "crank up" the "phantom buyers" and escalate that price to at least this amount. Or use the "canned buyer's program" that's available on another website to feel out the potential market for the machine - and then turn around and offer it to the next highest bidder in a private sale and avoid the Ebay tariff. I'm told the "buyer's program" costs are slightly below the standard Ebay tariff by design.
Yes, I'm a little put off by Ebay as well. Can you tell?
I still like best the "open flea market" concept where there is competition BOTH ways on a sale. Buyers compete with other buyers for goods, always keeping in mind there is a wider marketplace beyond a single flea market. And sellers compete with other sellers for the buyer's dollars, always keeping in mind that goods unsold will certainly increase the "overheads."
Yes, you can still get stuck but at least the cards are stacked equally tilted on both sides.
Good luck with your drill press! [
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Best regards,
Joe
"Yankee Mechanic"
p.s. Now if this were a "Phoenix Works" drill press, you MIGHT have a buyer at this price range.