Well, I think it's official. I've stated before on the boards numerous times that the GTC change on all BIN listings is going to put me out of business..And unfortunately? Looking at my sales numbers, I am 99% sure I am right.
Because my one off inventory is no longer moving on a weekly basis? My business is dead, because I can no longer go out using my sales capital to buy more inventory. It's that simple.
And I'm actually AFRAID to buy more now to sell on here, because I see that nothing is selling. So how can I justify buying more and sinking more money into ebay inventory which is simply not going to move anymore?
I can't = I am going to have to close my eBay business eventually, because this business model is no longer sustainable in anyway..
Right now? I know for a fact that are literally MILLIONS of sellers like myself, that relied on the Shorter Term BIN listings to move their merchandise...And I'm not guessing this..I see post after post, after post, after post that are saying EXACTLY what I am..That this has destroyed their sales, and is going to put them out...And these are just the very, very few that come on these boards (which is almost no one comparatively)..
I know also 1 Million percent that eBay has been FLOODED with calls from sellers - has to be hundreds and thousands of calls by now (if not millions of calls) protesting this..because when I call and protest now, I can tell they have heard what I am saying ad naseum...Every rep I speak to, I know has heard and dealt with these complaints now, constantly..
Which makes sense..because when the platform you TRUST and built your business on? Does something so catastrophic, that it actually PUTS YOU OUT OF BUSINESS?? I think it goes without saying that you are going to call, and call repeatedly...
Ebay has 25 million sellers (at least they claim this)..By my estimation about 30% of those sellers or so are like me..Selling one off collectibles, phones, unique items (can be anything really), which they do not have "long tail" inventory of...
Therefore the GTC option not only is useless for us? It is a huge, horrendous detriment to us, and is going to drive us either off eBay? Or out of business completely..Whichever comes first (but it will be one or the other, no question)
So, let's say that its only 25% of us out of the 25,000,000 for arguments sake..That's 6.25 Million sellers round about.
Now, I know when I was doing well on here (which ended EXACTLY one day after the GTC change took place), I was paying about $1000 a month in fees. Thats me, that might be a very high compared to others, I dont know..
To be fair? Let's use a much, much lower number..Let's say out of that 6.25 Million? They are all paying an average of $500 a YEAR in fees, call it Final Value Fees only (again just for the sake of this example)...
Let's say eBay is "successful" at what they are doing, in putting this 25% of it's sellers out of business and driving us (and ACTUALLY FORCING us to leave the site, because we can no longer get sales on here at all) off the site..
Let's assume they are going to be successful in getting rid of us, effectively "trimming" 25% of their "sales force"...
When you multiply 6.25 Million by 500? The projected loss of revenue is approximately $3,125,000,000 per YEAR..In lost revenue to eBay...that's over 3 BILLION, with a B they stand to lose..
Now considering that ebay's revenue for all of 2018 was 10.7 Billion (according to them)?...When all of these sellers either walk, or are forced off the site, or simply go out of business on ebay and just cant sell here anymore, because they've been wiped out?
This means eBay is projected to slash over 30% of its revenue by doing what they are doing, and refusing to EVEN LISTEN to the 25% of us who are SCREAMING AT THEM TO CHANGE THIS BACK...
Now my numbers are far from definitive of course..I am willing to bet that we the 6.25 million who are being destroyed by this change?
Are probably paying a hell of alot more than $500 a year in Final Value Fees...I know personally I was lined up to pay almost $12,000 by the end of this year or more...
So...I dont know what these people are trying to accomplish here exactly? But I hope for their sakes they have a REAL GOOD PLAN IN PLACE to replace this revenue they are going to lose.
I guess maybe they have a absolutely insane influx of China sellers waiting in the wings, that they are betting are going to replace the 6.25 Million American sellers somehow that are walking, or going to simply die on this site..
It's either that? Or this is finally going to be the move that wipes eBay out for good, along with millions of others they are going to take down with them..
And if that happens? After what they just did to me and my business, and millions of other people's businesses on here? Hard working, long time, GOOD sellers? Who built their businesses up for YEARS on here?
All of the families they are going to destroy, and all the devastation they are going to cause to all of us? While pretending to blissfully not give a **bleep**? And trying to placate us with corporate "platitudes"??
I say they will then ultimately get what they deserve, and honestly at this point? It can't happen soon enough to them.
Might be time to smarten UP ebay, and start LISTENING to your SELLERS (CUSTOMERS), before it is WAYYYYY too late...
That time has possibly already come..
