posted on January 23, 2005 06:07:37 AM
I just went to a seller's sight and noticed that they had over 900 items for sale. Not very unsual, but they don't have bids on 90% of their items. They've been selling for years. Any ideas of how you make money when the majority of your merchandise doesn't sell? I'm not sure if I can post their seller id, if so let me know.
posted on January 23, 2005 06:40:15 AM
We need more information. What is happening with the 10 percent that are bid on? What is their profit on those?
After all, in a department store, it is not likely that they come close to selling even 10 percent of the inventory on hand any particular day, so it is possible to be profitable.
posted on January 23, 2005 07:55:21 AM
One possibility is that Ebay might be a way to unload unwanted items, so it could be a write off come tax time???
posted on January 23, 2005 08:26:55 AM
If they are anything like me - they get 80% of their bids in the final half hour of the auction.
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If it's really "common" sense, why do so few people actually have it?
posted on January 23, 2005 08:30:44 AM
Most of my bids come at the last minute as well. I went to bed with only two bids and woke up to find many things have sold.
Cheryl
"No drug, not even alcohol, causes the fundamental ills of society. If we're looking for the source of our troubles, we shouldn't test people for drugs, we should test them for stupidity, ignorance, greed and love of power." ~ P.J. O'Rourke
posted on January 23, 2005 08:39:13 AM
I am contemplating the same thing. I had a few things up that ended yesterday with NO bids this time. Gotta find another way to move this stuff. With Ebay's fess increasing and stuff not selling, it's time to do some serious planning.
posted on January 23, 2005 08:54:58 AM
dst1,
you said you went to his sight,i assume you mean his site ,is this his ebay store or his ebay current listing or past 30 days listing including current and expired ??
in a store,if he is selling multiple quantities,the item stays until it is all depleted.
-sig file -------Life is one big happy 'All You Can Eat' buffet .
posted on January 23, 2005 07:54:28 PM
The 900 items included completed items within the last 30 days. Many of these are store items, but the sell-through rate appears to be mightly low. I considered purchasing this blanket and wanted to look at the seller's other items. After viewing their completed items, I wondered how this business makes money. Here's the link:
stopwhining, you're right. Many of these items are store items, but making a profit still appears to be near impossible. Especially when the new Ebay fees hit.
posted on January 23, 2005 08:14:48 PM
so they will drop out,in real world,retail stores fold every day,nothing new.
15 dollars for a store is ridiculously low,in brick and mortar world,a store is 3k plus expenses and you have to sign a term lease.
-sig file -------Life is one big happy 'All You Can Eat' buffet .
