posted on January 26, 2005 07:07:55 PM new
Here is the strategy we expect to implement on February 2005 and beyond, to help us survive the price increases.
posted on January 27, 2005 04:22:45 AM new
Great analysis! I agree with you about the store. It's all well in good to say you need to increase the number of items in your store. That's the easy part. It's selling them that's the hard part! I gave up on the eBay store thing long ago.
I'm going to bare bones listings after the 18th. BIN, as you stated in your analysis, will no longer be worth it. I've noticed that if I start an auction at $9.99 with a bin of $10.50, someone will bid $9.99 rather than pay the $0.51. I'm out $.05 every time it's done. Thanks for bringing that more to my attention than it already was.
I guess with gallery it depends upon what you sell. For me, it's increased my sales. However, I think Vendio's gallery and My other Auction Gallery may help be to eliminate the use of eBay's.
I don't think eBay will realize the expected increase in revenue. When prices go up, people tend to cut back making the increase almost a moot point. I know that when gasoline gets out of control (as it is now!!!), I tend to drive around less. When I do drive, I know exactly where I'm going and the route I'm going to take to save money. It will be the same with eBay!
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
[ edited by CBlev65252 on Jan 27, 2005 04:24 AM ]
posted on January 28, 2005 08:38:06 AM new
Dear Cheryl:
I guess with gallery it depends upon what you sell. For me, it's increased my sales. However, I think Vendio's gallery and My other Auction Gallery may help be to eliminate the use of eBay's.
If eBay claims are true, that certain options such as Gallery increase the Sales Thru Rate and result on higher auction prices, let eBay makes these independent studies by reputable Business Schools public and easily available to the eBay Sellers, otherwise to us are just unsupported claims, marketing slogans, attempting to extract more revenue for eBay!
I don't think eBay will realize the expected increase in revenue. When prices go up, people tend to cut back making the increase almost a moot point. I know that when gasoline gets out of control (as it is now!!!), I tend to drive around less. When I do drive, I know exactly where I'm going and the route I'm going to take to save money. It will be the same with eBay!
You are absolutely right, we concur with your conclusion and even go a step further, by stating the it will have a negative effect on revenues. Seller cut backs will be greater than the revenue generated by the new fee increases.
As everyone stated, each situation is different and much depends on your Sales Thru Rate, the Price Range of the items you sell and whether or not there are established Liquid Prices for the items you sell, such on precious metals and US coins.
Unfortunately, most items sold on eBay do not have a established wholesale almost liquid prices.
[ edited by usmarines on Jan 28, 2005 08:42 AM ]
