@market_overstock wrote:
I was seeing a decline as well, so I experimented with the ad rates to see what would happen.
for 1 day (Yesterday) March 14th I set ad rates at suggested rates and my sales sky rocketed they went up 4 fold but my fees did too...
The truth doesn't appear to be within the economy, if you look at the numbers retail spending is up from last year. Banks fail, the only reason Silicone Valley made the national news is because it was the 2nd largest bank in tech and the 16th largest bank in the US.
The sad truth us eBay is greedy and is giving the exposure to who ever gives them the most money..
Out of a 67$ transaction they took 22.71 from an apple pencil.. NEVER AGAIN.
If you want to give away all of your profits and work for free just to sell on eBay then you go right ahead
As a software engineer by trade I wonder. If someone created a modest eBay alternative that addressed all the greed would people migrate?
Some food for thought it seems like eBay's greediness is leaving a huge gap in the market for a modest selling platform like eBay used to be before greedy corporations.
As a software engineer (I am as well) you'll know you've three pages no matter the venue of prime declining real-estate no matter if it's Google, Bing, Walmart or some sized Wordpress venue.
The problems sellers are currently facing are multi-factorial many of which existed long before as generations come of age. Everyone I know that's a Boomer or Gen Z and that's many are being very money conscience, not due to just to what's on hand but investments. These represent a HUGE segment of the buying public at sites such as eBay and many of them don't shop here at all anymore due to sellers basically.
Middle class middle age have more worry about, mortgage's, rent, food... Security basically and most its reported have at max three months reserves and a whole slew less than that, atop that US Citizens in better shape than Europe where many concerns including a war.
There's more focal competition for eBay and then there's Walmart who plays completely different. I cant stand the place but I know a small brick and mortar doin' just find there. But they demand basically low price that's they're thing, the entire brand revolves around "Saving you money" whether they do or dont. Walmart will literally block listings of third party businesses if they find lower prices at competitors and they're fees are higher than here.
eBay's not a retailer either putting them at very significant disadvantage to those who are.
Everyone is concerned here about the economy and that's the exact same concerns that most of Westernized economies and citizens share. Not a lick of any of it is eBay's fault nor within their control. Does anyone think for a minute that if eBay halved fee's that sellers would go, "Oh, ok, I'll mark all my items down by those percentiles." Not likely.
This is a BIG difference between here and places like Amazon and Walmart which literally work on a "Low Price" formula and atop that offer shipping options that exclude and include to some measure the Postal Service. The entity that's government run, increasing rates seemingly the moment anyone get used to new rates and pricing low ticket items right out of consumers heads. Oh, yea, I'm gonna buy a T-Shirt here for $8 more than Walmart and slap another $7 atop it just to get it here.
Ya' got people who've dead product who cancel listings then relist so its "new listing" pushing truly new listings off prime browse real-estate to sell 5 items out of 150 on and on as sellers desperate for sales.
I dont believe eBay has much choice except to shift gears towards new business models especially as legislative actions globally change towards the Internet. The "We are only venue" no matter if its Amazon, Etsy, eBay on and on is coming to and end, governments are seeking hold online points of sale accountable to whats sold, even how things are PRESENTED when sold, the actual verbiage if crossing trademarks.
Post Covid anyone thinks the world is gonna come back to normal pre-covid is simply dreaming and atop all that Governments perhaps rightfully so want see focus on localized economies as w/o them there is no economy.
Well none us might all too pleased that eCommerce is shifting there is little we can do about that, the competition is much stiffer. Sellers tend think, "Oh, lets see... Etsy, Amazon, Mercari, Poshymark, on and on are my competitors." No. Real retailers who are going after web sales both online and off are now deep in the mix, Walmart, Kohls, Macy's, Home Depot, Lowes etc ALL doing all they can capitalize on the web and bolster their brick and mortar "Pick it on up or deliver to door" and have been.
Interesting in people going, "Whats eBay doing for the past 8 years as things seem decline slowly." Take a look at the ENTIRE consumer marketplace and there lay the answers. For AGES brick and mortar retail has lived aside the web, then began loosing to the web, now they embrace the web leveraging convenience and TRUST, that's the biggies. Its not just price, its trust. If I want buy say a current scale model kit, $25 in the store, $18 bucks here, time shipping it at $15 and TRUST I actually what get what's ordered, factors.
The USPS is putting slews of merchandise being more expensive than retail, prime, pick up at store during a time no less when money is tight and so is trust. We don't trust each other as citizens!
