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Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.
Guess I was wrong, thought I’d have 2-3 years left, looks like next year will be the end of my business. I have to raise my rates .50 cents per 1st class package come Oct. 3rd, if Dejoy gets his way and raises rates about the same come Jan. 2023, I’ll have to add another .50 cent to shipping. So I’ll have to charge $5.25 per 4 oz 1st class package, up from $4.25 Jan 2022, $3.50 Jan 2021, not to mention how much will shipping supplies jump to cover the increases too and fees on top of that.
I thought ebay was stupid by shifting to HIGH end items but its starting to make sense, alot low end items won’t sell with these constant and higher increases.
Labor shortages are everywhere in the U.S. economy. During Covid, it was older adults who decided to leave the workforce; causing a huge hole in the employment gap. Time will tell if USPS can really deliver on time.
As an Etsy seller, it’s not unusual for me to close shop as of December 1st if I feel the postal service cannot keep up with demand. Having said that, inflation data may keep buyers from the usual spending for any typical holiday buying season.
It will be interesting to say the least…