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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/.
I sell fishing gear and my sales are down 9% and that’s with double the listings.
This article talks about a reduction in PRICES, not in Sales.
This is a good thing….
The Federal Reserve has been raising interest rates to curb spending, and therefore, to curb inflation. I’ve noticed this in my local grocery store. Price points in grocery items have most definitely come down to better levels.
As a Seller on Etsy, I noticed that many shops had out-priced their products to grab all of that consumer spending. Many shop owners got greedy and it bit them in the butt as their sales crashed.