nharmon
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posted on October 31, 2002 02:00:42 PM new
$30,000 to $40,000 a month in sales for those lady sellers- my husband looked at me and his mouth just fell open.
I also noticed how the feedback system was made out to be not too bad and it really is.
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vvalhalla
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posted on October 31, 2002 04:35:21 PM new
At the end of the story 60 minutes aired a clip of Meg's big insurance announcement. Not a word about the push back of the roll out date for that program.
dd
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tooltimes
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posted on October 31, 2002 07:28:16 PM new
She also said that ebay treats all sellers equally.
[ edited by tooltimes on Oct 31, 2002 07:31 PM ]
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nharmon
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posted on October 31, 2002 07:36:44 PM new
She also said the ebay treats all sellers equally.
THAT SURE IS A BUNCH OF BULL
I had a problem a few months ago on ebay with something and emailed Ebay thru the proper channels and waited 3+ days for a canned responce. My mom who is a power seller emailed Ebay at exactly the same time to see who would get an answer first......
she had her answer to her problem within one hour. What really burns me is I have twice as many feedbacks as hers mine is well over a thousand. I have very few neut and negs and she has half the feedbacks I do and has twice as many neuts and negs.
WE ARE NOT ALL EQUAL!
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hair2dye4
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posted on October 31, 2002 09:45:12 PM new
Ok first I will be glad to fix Meg's hair and quick..
Next did you see how clean and organized those fancy houses were? That should tell us something not really on ebay... one rack of clothes and an empty garage.. I didn't buy it but bet the newbies did.
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tooltimes
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posted on October 31, 2002 09:54:58 PM new
I wonder if at least few of the several million 60 Minutes viewers will try to imitate their ebay success and do exactly what the three couples did to achieve their new found wealth?
They may have spawned some ebay competition with their spot on a national televised show. 
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ihula
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posted on November 1, 2002 04:49:34 AM new
The garage walls are lined with hidden closets - she just pulled one of them out to show the camera. Wish my house looked that organized . Even if they gave me a month's notice that a camera was coming in I don't think I could do it.
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horsey88
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posted on November 1, 2002 07:08:10 AM new
Just checked out the first feedbacks received by guccigranny & qtfashion ..........Looks like it is "All in the family" as stated in one of their ME pages.
[ edited by horsey88 on Nov 1, 2002 08:11 AM ]
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Chazersize
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posted on November 1, 2002 09:00:25 AM new
If you KNOW that your breaking one of ebay's policies and they don't do anything about it because you've got a store and you makin' cheddar, and some small fry comes along and Ebay busts HIM, who is against the small fry insisting on ebay busting the heavy?
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kiara
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posted on November 1, 2002 09:07:39 AM new
[ edited by kiara on Nov 1, 2002 10:00 AM ]
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quickdraw29
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posted on November 1, 2002 09:40:50 AM new
If they average 950 auctions a week (about how much they had this week), all they need is about a 5% sell through to make $30,000 a month. Someone said they calculated 1 in 25 sold which is almost dead on with my calculation. Everything seems straight up to me.
The undelivered merchandise numbers could be right. Ebay has about 1000 fraud cases out of a million. How many of them are legit complaints? Probably under 10%. That's only 100 actual fraud cases. How many involve just undelivered merchandise? Well, 30 is reasonable because I bet most fraud cases are about wrong items received.
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Chazersize
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posted on November 1, 2002 09:52:53 AM new
quickdraw-
You seem good at doing the math. How much time do you think it would take ONE PERSON to do 950 auctions a week, assuming you automated as much as possible. This would include answering emails, packing, shipping, time to/from shipper (PO/UPS). Who here runs a ton of auctions that can answer a question like this? 40 hr week?
Thanks
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kiara
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posted on November 1, 2002 09:59:41 AM new
Also the ebay story was only a segment of the total hourly show. So it wasn't an investigative report on ebay so it kind of glossed over everything.
Did they say that they were able to pay cash for all the houses? Many people are able to buy houses but still hold a mortgage on it.
Considering what a phenomenon that ebay is and how often it is mentioned by talk show hosts, in sitcoms and in cartoons, I am wondering why they haven't done more TV reports on it.
This show made selling look fairly simple to do as well as profitable and fun without a lot of work so it may encourage others to try it also. But ebay needs lots more buyers.
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quickdraw29
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posted on November 1, 2002 10:41:59 AM new
Chazersize, I assume most of those are relists, and not unique listings each week. They would have to create only 45 new auctions a week, by no means difficult.
The difficulty of running this type of business involves watching overhead- all those listings at $1.00+, relist and relist, and photo hosting!! Approximately $900 a week in listing fees for just unsold auctions. I guess that's very cheap compared to having a B&M doing 30k/mo.
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Vickrose
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posted on November 1, 2002 04:46:57 PM new
I saw the program and it hard to believe they have been able to buy 3 houses from Ebay. My Mom has sold on Ebay since 1998 and still isn't rich yet. Lately my listings have been going off with no bids. I believe it was a sales pitch to get more interested sellers.
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fetish128
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posted on November 1, 2002 04:58:26 PM new
I think it brought in more new buyers too. E bay,the easy way to shop till you drop.
Whhhhhhiiiiiiip It,,,,,,Whip it GOOD!
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Roadsmith
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posted on November 1, 2002 09:31:13 PM new
I watched it, too. I was just sort of rolling along with it (although I don't believe the three women/Gucci sellers story completely) until Meg said everyone is treated alike. We all KNOW that isn't true. I laughed and laughed.
A friend of mine who knows nothing about ebay e-mailed to say she was very impressed with the segment, Meg seemed very sweet and nice, and my friend is thinking of selling because it looked so simple. Bless her heart. I tried to tell her my take on Meg's comment, but I think you have to be there and have experienced the little seller vs. Goliath thing to know. Otherwise, people like me just come across as cynical and sour (which I'm not).
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ashtonne
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posted on November 2, 2002 12:59:31 AM new
Okay you financial gurus -
If you sell 5% of 950 auctions a week to make $30,000 a month, what's your net profit, after paying listing fees for items that don't sell (even after a 2nd "free" re-listing). Not to mention cost of inventory - cash or credit.
Anyone hazard a guess for me?
I just got annoyed that my better half pulled out too long a string of dental floss than was necessary...
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merrie
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posted on November 2, 2002 07:07:18 AM new
That's a lot of work for a 5% sell through. They say they buy the items when on sale 50% off. That is a lot of money tied up in inventory when items do not sell and shoes, etc do go out of style quickly. People are looking for a bargain on ebay unless it is an antique or rare collectible, if not they would go to the B & M stores. I say good luck to them, but I am skeptical.
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tooltimes
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posted on November 2, 2002 07:36:30 AM new
That's right. I've always thought that women loved to try on clothes and shoes before buying them? The lady with the very short manish hair in the 60 Minute segment had a very nice figure and any dress would have looked good on her.
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bjboswell
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posted on November 3, 2002 05:26:32 AM new
Please do not mistake my comments as whining or sour grapes..... how do GucciGranny and the family get Saks 5th Ave to sell them all that stuff before anyone else gets a chance and so cheap they make a living doing it? I have gone over their auctions closed and present on all sites and at some point things sell and they must be making enough to support all their posh homes? I would really like to know how they got that "IN" at Saks and or Neimans? If I could figure it out I would be doing the same thing! I drive myself crazy trying to come up with quality shoes and handbags for eBay ... if I had an in I'd us it... go girls!
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