@samanthasb0utique wrote:
You are absolutely not alone. I have been selling for 13 years now and 8 million dollars later….. I was making around 100k in profits each year and now this year, I’m trending to make around 30k in profits. Maybe less than that. This event is unprecedented (for me at least). Granted I sell things that require people to have extra income but still, this has my mind completely boggled. I thought by now, my business would be flourishing and I would be expanding by leaps and bounds. Now I’m hemorrhaging faster and faster that each days passes. This business of mine I have poured every ounce of my being into and now watching it burn right before my eyes is so devastating. If business doesn’t get better by the end of the year, I will be throwing in the towel. I never ever thought I would say that.
@samanthasb0utique
I just posted this to the OP, but it is more appropriate for you:
"Sad to hear - Wish you better luck - On the upside, it doesn't look like you are the kind of seller who needs to make sales to pay your mortgage, though your certainly dont want to be wasting your time here either - I just pity the medium sized sellers who have many of their eggs in the ebay basket and didnt prepare for whats happening - I see some of them posting they have had to resort to Promoted Listings at 10% to 12% just to get near the sales they did have at one time, and then once they get a bit more comfortable another INEVITABLE SLOWDOWN comes along and they need to tack another 2% onto the already UTTERLY RIDICULOUS FEES to pay the bills - Talk about a race to the bottom here.."
I too was selling the numbers you are talking about, but as soon as PROMOTED LISTINGS came out back in 2018 I could see exactly what it would do to this site - Out of a combination of principle and business acumen, I didnt hesitate(which is my norm) and hedged my selling here utilizing several different avenues, including going traditional with a part-time supervisor job at UPS - I made close to 40K last year working less than 25 hrs a week, I have full coverage insurance(used to cost me almost $500 a month) - a wonderful 401K program, profit sharing, and 3 weeks paid, plus sick and option days. I'm still sourcing(had to just get a new storage unit recently), but my selling has been local and regional at comic cons, collectible fairs, etc etc - waiting to see how the online sales game pans out before I start back up - I may just start my own website - it would be worth it as I have multiple 7 figures of collectibles to sell... Glad I got out when I did - Jobs are gonna be scarce pretty soon once everyone who was squeaking out a meager living selling online needs to make a paycheck...
