I am writing about eBay sales but want to preface it with the topic of housing sales. We currently have our home up for sale and we have been told that in our area it is a sellers' market.
After reading the letter last night
regarding eBay sales "are you better off than you were a year go?" it came to me this morning that although it may be a sellers' market when it comes to selling our home (in our area) it is completely a buyers' market with eBay.
Before we listed our house for sale, we had 10 consecutive weekends of garage sales. I was trying to sell off a lot of my eBay inventory. I've been accumulating stuff and selling on eBay for several years. This was not all stuff that was on eBay that didn't sell, it was a combination of items with many items never listed and many new, sealed items but all things I don't want to pack and move when we sell. We actually made more money every single weekend selling our stuff then I've been doing on eBay in a month.
My point is this. Since it is a buyers' market on eBay, the best resellers can do is pretty much dump our inventory. I had auctions going for a week, which I rarely do, and sure enough there were only two sales with 1 bid each and I basically gave the stuff away. I truly have always found auctions a waste of time. But since I'm trying to get rid of inventory I gave it a try again. Usual results. Waste of time.
So the buyers as we know have all the power. And now the price is in their pocket. And I do agree with what others have said that new sellers on eBay probably get featured to get them hooked only to cut their sales eventually like they have for longtime sellers.
I can't help but feel that it is a no win with eBay. Like many others I feel close to closing my last store and completely leaving eBay. When it is a buyers' market, sellers have no leverage, no power. And when you sell on eBay, well we know how that works, we have no leverage or control on whether our listings are even shown.
Before the crash of 2008, I had two retail stores. About a year "before" the economy crashed I was in North Carolina at the furniture market. I overheard many sales reps talking about how furniture sales had virtually stopped. Well, what I didn't know was that they had a clue into the direction of the economy while I was just busy running my stores.
I didn't pay attention to the economy over all, I didn't pay attention to the news, I was just living in my own little world. And then the economy came crashing down, my sales stopped completely and I had to close both brick-and-mortar stores.
I eventually started selling on eBay. Great for several years but not for the last year. But now, all the signs show that eBay is crashing. I've read about it for several years from readers in your blog.
Tell me, fellow sellers, is there any reason to "stay" with eBay?" I already know all of the reasons why I need to get out. But is there any reason, and hope, any logical common sense reason to believe that eBay will recover and I should stay?