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Competition ~ Aggravation or Motivation?

While searching for several different items I wished to purchase I began noticing what appears to be a more frantic desperation by many long time sellers to maintain a minuscule market share.  Relevance if you wish to call it.  Frantic because many items I placed in my Watch folder almost immediately received an offer from the the seller for up to 50% off.  Sellers are listing items where they can't be making more than 50 cents or a dollar in profit.  I prefer to purchase from my fellow real Americans with some history here and if I want something I'm willing to pay the asking price.   I have purchased from overseas sellers and will not do that again.

 

I've had this account since 2001.  I've switched my inventory several times over the years, as I'm sure a lot of you have.  When the competition becomes overwhelming and some sellers list items for less than you can purchase at wholesale prices - and offer free shipping to boot - how does that make you feel?  What do you do?  Do you give up or do you approach the issue from a different angle? 

 

Do you view the situation as motivation?  Do you think 'I'll show you - eat my dust' and begin frantically listing every item you can get your hands on?  Do you search out new and unique inventory?  List your handmade crafts?  Investigate means to advertise your listings instead of relying on eBay to bring customers to you?  Do you cull your non-sellers so you aren't reminded daily that only a small percentage of your listings actually do sell?  Do you decide to pare down to one category of items? 

 

Or do you view the situation as aggravating, frustrating, maddening and cause you to think less than nice thoughts?  How do you channel these feelings?  Inward where you may be damaging your health?  Are family and friends a tad leery of being around you as you're always in a bad mood and constantly complaining about what happens on eBay?  Do you complain so much that eyes roll and people attempt to change the subject when you're speaking?  Has eBay turned you into a constant crab?  Where once you were excited to see how many items sold, do you now dread the let down of finding just one or two sales or that nothing sold?

 

New sellers get a taste of selling a few items on eBay then expect the future to be bright with sales galore and no stress.  I think we all thought that way when we began.  And for many of us virtually everything we did list found a buyer.  that was then and this is the new reality.

 

We are all in this for the money.  We have inventories, small and large.  We have money invested in that inventory.  Our monthly fees are an investment in eBay the corporation.  We strive to make a profit, sadly sometimes any profit, to recoup our investment.  We dread having to take a loss to move inventory. 

 

Sometimes I have my head in the sand ignoring the millions of competing sellers.   And then an occasional search for an item I'm interested in buying drives home the overwhelming fact that I am less than a tadpole in this ocean.  Then I get motivated,  until I decide to get out and actually enjoy living without this stress.

 

How about you?     

 

 

 

  

Message 1 of 31
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Re: Competition ~ Aggravation or Motivation?


@b86fiero wrote:

Our monthly fees are an investment in eBay the corporation.    


My monthly fees are zero, so I have "invested" nothing there is nothing to recoup.

Message 2 of 31
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Re: Competition ~ Aggravation or Motivation?

Have to admit I'm the same way.........a problem is something to solve, not cry about.....sure I kick the wall, say a few choice words........but then it turns into assessment and motivation............. is it worth my time to try to solve?  What will I gain?

Message 3 of 31
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Re: Competition ~ Aggravation or Motivation?

Even without paying a monthly fee, a dollar value does have to be placed upon your time & effort

Message 4 of 31
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Re: Competition ~ Aggravation or Motivation?

Time unlike money can never be replaced.

Best to spend the limited time you have wisely

Message 5 of 31
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Re: Competition ~ Aggravation or Motivation?

Then I get motivated, until I decide to get out and actually enjoy living without this stress.
Motivated yes, a webstore. I have done all advertising on google, twitter and pinterest FB.

until I decide to get out and actually enjoy living without this stress.
I closed shop on ebay middle of May. I am enjoying my summer!! BP at 120/80. Stress free!
BTW Nice read good luck to you!
Message 6 of 31
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Re: Competition ~ Aggravation or Motivation?

@b86fiero 

many items I placed in my Watch folder almost immediately received an offer from the the seller for up to 50% off. Sellers are listing items where they can't be making more than 50 cents or a dollar in profit.

 

I really don't think this is anything new.

Well the "Best Offer to Watchers" has only been around for a few weeks, but the "race to the bottom" mentality has been complained about since before Stores were in Search.

 

Most new sellers are amateurs and have never worked retail. They have no clue about how low wholesale costs can be and don't know the difference between a markup and a profit.

 

In addition, the number of members, the number of listings, and the number of transactions are now not just in the millions as they were at the turn of the millennium but in the billions.

And again, most new sellers  (and some experienced ones) can't grasp the numbers or the odds of being found or making a sale.

 

I'm in the "ignore the competition and keep your eye on your costs " camp in all this.

Message 7 of 31
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Re: Competition ~ Aggravation or Motivation?

I get frustrated but there's not a whole lot I can do about what other people do so I try to ignore it, beyond keeping half an eye on trends.


“The illegal we do immediately, the unconstitutional takes a little longer.” - Henry Kissinger

"Wherever law ends, tyranny begins" -John Locke
Message 8 of 31
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Re: Competition ~ Aggravation or Motivation?

Sell what you know. 

Message 9 of 31
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Re: Competition ~ Aggravation or Motivation?

Well, people dumping inventory at 50% are either other sellers dumping dead inventory, liquidating their own stock for a shutdown, nieve newbies who don't understand the fees and costs, or scammers who don't care what they make because they're not paying any business expenses and intend to run off with your money.

I've said on here before that I think there are a large number of suspicious sellers all of a sudden "selling" items below cost. Maybe some kind of money laundering scheme? A method to knock out competitors and take over the market? I dunno. I posted an example on another thread of a seller who was selling some bluetooth headphones that retail for $49 for $6 with free shipping. The shipping alone on such an item is already $3-$4.50. I don't see how there would be any profit on such an item if one considers acquisition costs & fees unless the items are stolen or trash/don't work.

One the one hand, it irks me because its impossible to compete with such a pricepoint. On the other hand, it gets me thinking what they are up to?
Message 10 of 31
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Re: Competition ~ Aggravation or Motivation?

@equid, You will have the upper hand if you c an find out if what he's selling is counterfeit. A guy on Twitter is putting a lot on this very subject. I didn't realise how bad it is.
Message 11 of 31
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Re: Competition ~ Aggravation or Motivation?

With my inventory...it's always been this way.   The overload of trash inventory from UK, China, Taiwan, and now India too.  One guy lists 210 rings for approx $4000 in one day,  same style "like" diamond rings from India with a New York address, that gets you thinking.  Buyer beware and although we go through 1000 different emotions in a day, image what legit buyers go through.  Some lady wants a new ring, has no clue what scammers are and falls for someones fake listing, she'll never come back to purchase another thing online.   This is where customers are going...trust is lost and they don't know what to buy.   Years ago I would sell everything I listed all the time, now I can do 50 listings and nothing sells.   Two symptoms:  Trust and Overload.  What do we do?  Who knows...the world has changed and not for the better for small online sellers.

Message 12 of 31
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Re: Competition ~ Aggravation or Motivation?

 

The bluetooth headphones are most likely open box returns that were bought in a pallet at auction from Best Buy/Walmart/Amazon warehouse. They could also have come from broken cases from the same source.

 

They could be write off donations from the manufacturer, due to packaging or being an older model, that have made their way  back into the market.

 

Local charities get donations all the time that they can't use. Some sell them or give them away to "friends" either legitimately or through the back door.

Message 13 of 31
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Re: Competition ~ Aggravation or Motivation?

@equid0x 

bluetooth headphones that retail for $49 for $6 with free shipping. The shipping alone on such an item is already $3-$4.50. I don't see how there would be any profit

 

Vapourware

There are no acquisition costs because the items do not exist.

There are no shipping costs because the non-existant items are never shipped.

Any Claims that are file are refunded promptly if the scammed buyer files a Dispute, but many don't know how.

Negative feedback from other scammed buyers is not used by eBay to assess selling accounts.

If feedback gets bad enough, the poisoned account is abandoned.

 

I'm beginning to think I have a criminal mind.

 

 

 

Book: Yes, I'd forgotten you're moonlighting as a criminal mastermind now. Got your next heist planned?
Simon: No. But I'm thinking about growing a big black mustache. I'm a traditionalist.

Message 14 of 31
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Re: Competition ~ Aggravation or Motivation?

Lol @ Femm
Message 15 of 31
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