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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/.
Ebay unfortunately lost their way – i was selling 12k a month until ebay decided that my items were expired – I sell coffee that are past the best by dates – They taste fine and the buyers were happy to knowingly receive either discounted or discontinued coffee at a great price.
Ebay decided I cannot sell an item that is past a best by date – I showed them the manufacturer says it is safe to consume, The USDA writes its just a recommendation but it is still fine – ebay did not want to hear any of that. Ebay has to realize they are not an Amazon they are a yard sale and they can make billions doing that – Instead they are not a yard sale and not an Amazon hence they are becoming extinct by the day
instead of magical innovations fix all the daily bugs / glitches….now that would really be magical
His magic nonsense is obviously not working, the stock price today is the same as it was 3 years ago, around $45. It shot up to $80 during COVID, but the bubble burst fast.
*** Because the consumer is not shopping online ***
During Covid, consumers stayed home and shopped like crazy, and all of these online storefronts made good money during Covid. However, latest data says the consumer is spending on vacations and experiences while ALL of online sales have slowed “considerably” which has taken down the stock price for many.
Etsy is another example. During Covid, Etsy peaked at $300/share but is now trading at $100. Ebay may not be to blame for their temporary shortfall. It’s the consumer who has decided to ditch online spending for a life outside the house.
READ: The site is getting ready to be even more buggy than it is now. The entire site is held together than masking tape, they can’t afford duct tape.
When it comes to listing, I do not believe in magic.
I build descriptions from attributes from a catalog and properties based on the condition of the item. Building relevant titles no longer than about 60 characters requires domain knowledge to identify the most important elements of the description or enough experience to identify and prioritize common keywords in titles. A title for a collectible stamp can be based mostly properties from a stamp catalog and attributes like a certificate, cancel, or condition. A cover title would likely include the town, state, usage, and attributes relevant to setting the price of the cover.
While AI may help sellers based on their own inventory and knowledge, it seems unlikely that crowd-sourced AI descriptions would correlate very well with sale prices or values.
Quote: “eBay to Overhaul Site and Make it ‘Magically Easy’ to List”.
hahaha that was funny.