Is eBay a sinking ship....

Hi everyone!

 

I'm a small fish. A few sales a week for the last two years or so...

 

However, june and july (no sale so far in july...) have been horrible. I tought it might just be me, so i checked out the Sellers discussion board on eBay.com....

 

I invite you to do the same. Very interesting...

 

Pretty much every seller is experiencing a huge decline in sales (up to 90 % for some established sellers...) since may, and the consensus seems to be that eBay's incompetence is the cause...

 

Am i right to be worried or is there a silver lining somewhere?

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Re: Is eBay a sinking ship....

eBay does have a responsibility to give you the services you pay for.

 

By & large I feel they do, however we must work within their parameters, whether fair or not.

 

eBay is just a venue, how we choose to operate a business is up to us.

 

Fact, we are just numbers & user id's & I don't have an issue with that, just reality.

 

Low sales & frustrations are running amok across the site, all we can do is our best.

 

Best doesn't seem to include secondary venues at this time as others I know have done poorly.

 

Bottom Line, are sellers interested in our items enough to purchase them.

 

If not, how do we make them interested.

Message 21 of 30
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Re: Is eBay a sinking ship....

Pierre, usually posts his " How Much One Must Sell To Make A Living on eBay " once a year.

 

The numbers are staggering, but gives sellers a realistic idea as to what is needed to succeed.

 

Those numbers can be easily broken down into daily, weekly & monthly projections for full & part time sellers.

 

When he chimes in, he could probably repost it.

 

Great Information, I just can't seem to locate the post.

Message 22 of 30
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Re: Is eBay a sinking ship....

Fact, we are just numbers & user id's

 


Exactomundo. We are not people. We do not have lives, bills, expectations. We are only as important as the next payment on account that we make. I have been reading, for years, "They don't care about me". Well, yer right, they do not. They never will.

 

 

10% of the sellers make 90% of the profit. The other 90%, well, sure glad I'm not part of that group. That any of us even got this far is astounding.

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Message 23 of 30
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Re: Is eBay a sinking ship....


@mr.elmwood wrote:

You are the proto-typical "When life gives you lemons, make lemonade". Tell me, Rose, why don't you blame eBay for anything or everything?

 


Yeah, I'm the glass-half-full, silver lined cloud, silk-purse-out-of-a-sow's-ear, pennies-from-heaven, lemonade-making, rose-coloured glasses wearing  type by nature.  I also have the philosophy that there is always another way, and that resourcefulness is a useful quality to cultivate.  I used to call it "woman-think", because women generally had to be the ones to make the best of whatever they had available.   

 

As an example of the opposite ("man-think"), after this past Saturday's hurricane/storm, my husband was fretting about the basement sump overflowing and flooding because there was no power (we have a 200-year old house with a stone foundation and a gravel sump with an electric pump to bail out the water that flows in when it rains -- quite normal for this area).  I looked at it and said: "No, we have a perpetual well!  An endless source of water in an emergency, for cleaning, refilling toilets, washing, etc., even for drinking if we boil it."  Suddenly a disaster became an asset. 

 

How many times has adversity and limitation become the catalyst for creative thinking?  By the same token, eBay has forced me to be continually resourceful and creative, and I try to keep focused that way.  However I do agree with the OP (and others) that eBay may have dropped the ball -- or at least have been caught with their pants down as a corporate entity -- where the hacker attack and Google issue are concerned. 

 

You are right that eBay is answerable only to its shareholders.  However, if they don't properly anticipate problems and their millions of individual sellers suffer from dead-slow sales due to a drop in buyers to the site, then ultimately eBay will suffer the consequences.  I don't think it's in eBay's best interests to create a situation where its shareholders begin to lose confidence in its ability to attract buyers (and sellers!) to the site.  Individually, we are mere gnats on the elephant that is eBay, but the millions of us worldwide who sell here make up one of the bases upon which eBay's shareholders draw their dividends. 

 

I don't mind pointing all 5 fingers if it's warranted, and I think some disapproval of eBay is valid in this situation.  My main criticisms (if I were a shareholder) would be that: (1) they should not have played with fire where Google was concerned, i.e. they fudged the rules and got burnt.  At the very least, they should have anticipated that result and prepared for it; and (2) They should have got out in front of the hacker attack incident immediately and spent more time, effort and money in all possible media to reassure buyers to return.  I can't recall seeing one eBay ad on internet or other media since this began.

 

At any rate, that's my view of things.  I realize I'm only here because eBay says I can be here.  You made a very important observation that it's astounding any of us have got this far at all.  I made a decent part-time living from selling on eBay last year.  Where else could I have done that without making a much bigger personal investment of time and money, and taking a much bigger risk? 

 

A few decades ago, it was absolutely impossible to set up a business without facing a big outlay for a B&M location, paying rent, taxes, levies, maintenance fees, interest on loans, employee wages, and facing the possibility of much worse losses than here if things went wrong -- including things completely beyond a business owner's control, like changes in traffic flow, bus route changes, construction projects, even weather, that would affect customer traffic.

 

So ... keep perspective everyone.  In many ways, the ability to sell on eBay is a big gift.  A lot of sellers seem to forget that fact.  My hope is that the eBay ship, although listing a bit lately, will right itself and sail on, with us happily back on deck again (can't resist the nautical imagery -- I'm in NS, remember). 

Message 24 of 30
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Re: Is eBay a sinking ship....

A bit of clarification.....

 

If I do remember ....

 

eBay does NOT pay out dividends.... never has.

 

eBay does buy back its own stock.....

 

Message 25 of 30
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Re: Is eBay a sinking ship....


You are right that eBay is answerable only to its shareholders.  However, if they don't properly anticipate problems and their millions of individual sellers suffer from dead-slow sales due to a drop in buyers to the site, then ultimately eBay will suffer the consequences.  I don't think it's in eBay's best interests to create a situation where its shareholders begin to lose confidence in its ability to attract buyers (and sellers!) to the site.  Individually, we are mere gnats on the elephant that is eBay, but the millions of us worldwide who sell here make up one of the bases upon which eBay's shareholders draw their dividends.

 


AMEN!!!!!!


You only fail when you don't try!
Message 26 of 30
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Re: Is eBay a sinking ship....

A few decades ago, it was absolutely impossible to set up a business without facing a big outlay for a B&M location, paying rent, taxes, levies, maintenance fees, interest on loans, employee wages, and facing the possibility of much worse losses than here if things went wrong -- including things completely beyond a business owner's control, like changes in traffic flow, bus route changes, construction projects, even weather, that would affect customer traffic.

 

So ... keep perspective everyone.  In many ways, the ability to sell on eBay is a big gift.  A lot of sellers seem to forget that fact.  My hope is that the eBay ship, although listing a bit lately, will right itself and sail on, with us happily back on deck again (can't resist the nautical imagery -- I'm in NS, remember).

 


For comparison purposes, I like to look at the success rate of professional sports players. The stars make it, how many do not. How many "get to the show" for only one game. For fun, I look at the NHL draft. Depending on the year, maybe only 35% of those drafted ever got in a game. Back in the early 90's there were eleven rounds, 300 players drafted, 180 of them never made it. That is on top of the THOUSANDS that graduated from the amateur level every year. They have run that down to seven rounds because guys just are not making it.

 

Even those that make it, are done after 2 1/2 seasons. Drafted at 18-19, a year or two at the AHL level, into the pros, done at 25. Retired, finished, out to pasture at 25. For every Crosby, there are a thousand who never make it.

 

I used to sat "If I can do this, anyone can". Well, that is not true. As George Carlin is alleged to have said "Consider the average IQ of 100, half are below that". Being successful on eBay is being successful at running your own business. Vast majority cannot do that.

 

 

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Message 27 of 30
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Re: Is eBay a sinking ship....

Or look at drug dealers. As the very interesting book Freakonomics points out -- most drug dealers live in their mother's basement. (More precisely, they make less than minimum wage for all their efforts and have a higher chance of going to jail than if they had found work flipping burgers.)

 

Your hockey player comparison hits home. My BIL played a couple of games for the Blackhawks back in the day, but his career in the minors, including European League, was over by age 25. Long time ago, he's 80 now, but the same story repeats.

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Re: Is eBay a sinking ship....

Yeah, Nice Stamps, I guess this is "The Show". I wonder how many never made it? How many listed one item and the whole thing went sideways and they did not know what to do?

I had my first sale, twelve years ago, last month. That is a long time. There was a fellow, on another board, about the same FB as mine. He lost money on every single sale, ever.

I used to get jealous of those with FB of 10K+. Then, I started looking at their average sale, $1-$3. Buying FB to look important.

Our OP has backed off from the sinking ship remark, but, mind you, might not really be that far off the mark. How about, limping into port for a complete re-fit!
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Message 29 of 30
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Re: Is eBay a sinking ship....

"might not really be that far off the mark"

 

I was at the postal station yesterday, it was a quiet day (as usual) and spent some time talking to the manager while waiting for customers to show up.  She has been there for over fifteen years.

 

She remembers well the days, five to ten years ago, when they had two long line-ups of customers, mostly eBay sellers, waiting to purchase postal services for parcels going all over the world but mostly to the USA. In the last few years, the crowds have gone away.  Today, it is dead.

 

Now, that does not mean that eBay is losing business?  On the contrary.  Their financial statements have consistently showed increased volume (except for the 2008 slump).  How does one reconcile a set of facts with a seemingly contradictory set of facts?

 

Sellers are different.  Many of those individual sellers who enjoyed their time on eBay are gone.  They have given up for a variety of reasons including huge fee increases over the years, changing policies, micromanaging by eBay, increasing fraud and abuse, etc....  Many (like you and me) are still around and have adjusted their pricing structure and policies to reflect the current reality.  Then you have all those huge retailers, new to eBay, and using eBay as an extension to their own websites. They have more than made up the slack left by individual sellers who have given up.  For them it is only business.  Do not care about feedback or stars and accept a certain level of fraud and abuse (built into the price).

 

And, life does go on.

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