My heart goes out to you Carly. You’ve made a first tentative posting, trying to be conservative with simple company-sanctioned marketing, and we’re all over you like a bunch of rabid animals. A little more consideration might have been better received however. I don’t think there are many people “New to Selling” on the PS board.
The first three items on your winter “hot” list are Watches, Diamond Rings, and Fur Coats. I took the time to run an analysis of the most recent 5000 completed items in each of these categories. 37% of Watch auctions resulted in a sale with the average sale price being $36.65, 36% of Diamond Ring auctions resulted in a sale with the average sale price being $60. 49% of Fur Coat auctions sold with the average sale price being $49. Based on these numbers I personally wouldn’t touch these items unless I could find them for less than a penny on the wholesale dollar. These items may be hot for Ebay. They’re clearly not for sellers.
Moreover Ebay promotions inform all sellers that starting auctions at $1 is effective when it’s apparent that, just like robust January sales, this only works for specific product categories. It’s evident that your promotions are geared to collecting fees irrespective of the seller’s success. Giving us more straightforward information would have infinitely more mutual benefit.
Ebay is the sole custodian of a great deal of valuable market information regarding exactly the “who, what, when, where and why” of Ebay product marketing yet the information you elect to put before your sales force are fee-based promotions.
Towards the end of 2003 I received your seller survey inquiring as to which market information I’d like to receive, would I be willing to pay for it, by how much would I increase the number of my auction listings if I received it… and so on. These questions reinforce the observation that your priorities lie more in the front end fees rather than in the success of your auctions. That’s where your interest diverges from that of your sellers. I failed to complete this survey because there was no opportunity to say the truth. I wanted to say that the only thing that would increase the number of my listings would be their success. Auction result orientation isn’t discretionary to sellers, as it is to you, but rather it’s an economic imperative.
Pursuing along this path (increasing yours fees etc) your future will be to bleed your sellers to the limit of their tolerance compelling fewer sellers to work harder for less profit. This will your “Ebay Community” if your corporate objectives remain unchanged.
Here’s a better future:
Seller and Ebay success are inexorably intertwined. If we’re successful - you’re successful. The inverse isn’t, of course, necessarily true unless things change.
If Ebay were to reorient its focus to increasing the frequency and efficacy of final value fees, (ie genuinely successful auctions) then all the other fees would also be maximized. It’s an unavoidable absolute truth that if sellers are successful then Ebay is successful on a more substantial foundation than by milking sellers for fees until they weaken. Seller personnel turnover, you may think, isn’t a huge expense in cyberspace but imagine Ebay’s success if, instead of coming and going, sellers accumulated infinitely into a greater and greater force. Collecting monies from sellers on the front end is a secure short-term outlook but results oriented income generation is a more substantial, more secure, and a stronger long-term foundation. Success begets Success.
The way to do this is to provide, free of charge, as much detailed (the more specific the better) market information as possible. Treat us like your in-house sales force because, in effect, that’s who we are. We’ll do the rest. All your fee revenues will increase rapidly and substantially.
For starters: Of more interest than which products are currently hot are the products that do well long term. It takes time to find, and purchase, a temporarily hot item and there’s little benefit in tying up inventory in product that will soon grow cold. We need to know which products are stable perennial sellers to establish a groundwork from which to flourish. Then we can dabble in transitory monthly promotions.
I hope that this elucidates a seller’s needs a little better.
Marty