REAMOND
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posted on July 31, 2002 06:06:10 AM new
We're in a recession. The revised GDP shows 3 straight quarters of neg growth.
So for those of you whose sales are down, that's the reason. And for those of you whose sales are not down, it will be the reason they fall.
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hair2dye4
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posted on July 31, 2002 07:24:50 AM new
thanks for cheering us up this morning!!! LOL
Still people will buy what they "need" and will shop on ebay for those items at a better price...... I hope..trying to stay positive here!
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mlecher
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posted on July 31, 2002 07:29:52 AM new
Just to stay positive...
I'm positive we are in a recession....
.
Reality is a serious condition brought on by a lack of alcohol in the system
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DocHllday
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posted on July 31, 2002 07:56:19 AM new
We're in a recession? No duh.
My industry (advertising/marketing) has been in a recession/depression since January 2001 (months before that, actually)...and I've been unemployed since June 2001.
Slow eBay sales? I blame a large part of it on loss-leader online retailers who increasingly dump ridiculously underpriced items onto eBay to generate customer databases and not to profit from an individual sale.
The tactic works for those high-volume retailers, but it's killing product price comparisons and, as a result, us smaller sellers.
Also makes it tough for buyers to find what they're seeking when they have to plod through page after page of search results that list item after item for $9.99 from what is obviously the same seller. The "noise" alone turns away so many potential bidders.
-Doc
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Libra63
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posted on July 31, 2002 08:40:32 AM new
Doom and Gloom and bashing belongs in the Round Table. Please don't bring them here. My sales are up and I am happy about that. Ebay is a little different venue than the outside market. Many items that you buy in your local retail store can be found many other places at much lower prices. Except for Groceries of course and when I go to the grocery store the lines are long and the baskets are full. It's is summertime when most of the people are outside enjoying the very hot weather so that when winter comes they can stay in and buy on eBay.
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alwaysbroke
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posted on July 31, 2002 09:05:45 AM new
The tighter money gets, the more people turn to places like eBay to stretch their budget.
The tactic works for those high-volume retailers, but it's killing product price comparisons and, as a result, us smaller sellers.
That's the only thing that concerns me. For example: Sheets (gas station) typically builds next to another station. They put low prices on their pumps until the other station folds. The consumers no longer have a choice, and Sheets can raise prices.
http://www.sparedollar.com/sdGallery/usergallery.asp?uID=2261
http://www.sparedollar.com?ref=2261
lurking is not an option
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bidsbids
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posted on July 31, 2002 09:14:23 AM new
It depends on what you sell. Frivolous items should take a beating, practical items should take an upswing, luxury items should take a downturn, money-saving items should take an upturn, etc.
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zoomin
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posted on July 31, 2002 09:39:24 AM new
FWIW, I sell primarily 'frivolous' and 'luxury' items, sales have not been effected since 9-11, actually, IMHO, people are feeling the need to pamper themselves and that makes much of my auction fare recession-proof.
Wish I could make it deadbeat proof, though!
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quickdraw29
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posted on July 31, 2002 09:44:26 AM new
I saw an extreme drop off in prices in one week, ironically that is a sign of a turnaround. I bet August is a great month for selling, and the economy see's a nice recovery.
Everyone is entitled to my opinion.
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bidsbids
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posted on July 31, 2002 09:50:05 AM new
I've been through a few recessions and I've found that it takes about 6 months for it to really set in and take effect on spending after the government announcement and about 6 months for spending to resume after a recession has been declared over.
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quickdraw29
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posted on July 31, 2002 09:55:18 AM new
How can that be? It's spending that gets us out of a recession.
Everyone is entitled to my opinion.
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bidsbids
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posted on July 31, 2002 10:16:17 AM new
It's substantial spending by companies that is part of the ending of a recession ( capital spending ). eBay has never had to weather a recession yet ( Democratic Party economic years )
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REAMOND
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posted on July 31, 2002 11:57:25 PM new
I wouldn't be too sure in predicting what category of items may be selling and what won't in the near future. WalMart has announced their sales are down too.
I think sales will fall off the same percentage across the spectrim.
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pelorus
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posted on August 1, 2002 05:57:41 AM new
Huh? Wait a minute. The govt. told me last year that we only had negative growth in one quarter. Now they tell me it was 3 quarters. How can that be????
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REAMOND
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posted on August 1, 2002 06:27:45 AM new
The govt must have used Arthur Anderson to do the figures.
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bear1949
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posted on August 1, 2002 08:46:42 AM new
It's a recession when someone you know loses their job.......It's a DEPRESSION when you lose you job.
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