10-11-2024 11:10 AM - edited 10-11-2024 11:10 AM
Hi
We have been selling on ebay for over 10 years. Sales have been down since start of 2024 but its completely dead. Like we look at our stats from July to September and sales figures are less that what we are paying ebay for Promoted listings etc.
Although we have moved our inventory to Amazon and tiktok but wondered what has actually happened to our Ebay. It used to be aweseome but we now cannot even afford to list. Listings are sat there doing nothing even with promoted listings.
November has been our difficult month so far as with Zero sales i mean come on there got to be something causing this loss. Is it new so called AI.
Please share your findings.🤔🤔
🤔🤔🤔
13-11-2024 11:51 PM
Hi exponential,
Yes it is unbelievable, I am now as of the 13th Nov 56% sales down as you say not even 1 order a day this the worst month from oct to nov I have ever seen in 20 years. This clearly is not substainable.
14-11-2024 7:18 AM - edited 14-11-2024 7:22 AM
For me all I am noticing is just a flood of stuff in the categories I mostly sell in. As I said in a previous post the pot of the world I used to post to is shrinking. I used to sell everywhere, even really obscure places, but I guess high postages and vat on many more places put paid to that and now with the new Gpsr thingy coming in..
Also it is no longer viable to sell low cost items abroad due to high fees.
So if i am selling to mostly uk only, there are only so many people who are collecting/still buying and with so much choice i am noticing that things are selling for a fraction of what they once were..or if they are even selling at all.
I am seeing joblots selling for a few pounds when once they would have sold for £30-40 or even more.
People are also doing chance sales. Because they are paying no fees they are trying to sell things at a much higher price which is also a turn off for the collector.
Im probably wrong but that’s how I am noticing it
14-11-2024 3:34 PM
We sell on Ebay and other platforms. This is the beginning of the end for wholesaler and retailers.
This is a beginning of a new business model called D2C (the same model as Shein and Temu), where manufacturer sells products directly to the consumer without the need for the middleman like wholesaler or retailer. Don't believe me? Google has already a platform called Google Manufacturer Center, where manufacturer controls the product photos description and everything else so even if try to list anything with their barcode, it will take the listing directly to them, not to your store (you will need to own the barcode to sell). All the manufacturers have already registered their brand on Amazon and they only allow their chosen re-sellers to operate the sales (probably friends and family). If you don't have a product which can be handmade, customized or manufactured by yourself, you will be soon gone as you won't be able to re-sell anything, and even if you do, you won't be able compete with D2C prices model!
We need to be 3 steps ahead to win with this, either be out, be unique or be big. No space for middleman in the new market model sadly.
14-11-2024 4:34 PM
I am a private seller & buyer but agree with what you have said...
re Chinese shops/business sellers AND Is eBay running their own shops in the background?
I have thought this for quite a few years... particularly on the clothing and perfume market.
14-11-2024 4:41 PM
"eBay running their own shops in the background? "
If they are i'd pay money / beer tokens to see their feedback and DSR score....lol.....lol....lol......... 😋
14-11-2024 4:55 PM
14-11-2024 5:13 PM
I think you are absolutely right; however, anyone that creates their own niche market can expect the large companies and others to copy them eventually. I started doing LED signs 5 years ago; there was only one other from Hong Kong on eBay UK then; it very soon exploded with loads of Chinese sellers. I had a great little Freddie Mercury lamp, and someone in China copied it and used my photos on their listing on Amazon. Now the manufacturers are doing it.
I have been squeezed out by the great race to the bottom.
14-11-2024 5:19 PM
I dont understand how they have kept their share value up? I dont see how they have had any growth when none of us are selling anything like we used to.
14-11-2024 5:27 PM
So " copyright" means zilch?
14-11-2024 5:40 PM - edited 14-11-2024 5:42 PM
Share buy backs and squeezing the living daylights out of business sellers, neither can or will continue so either Ebay is taken over and the share price goes higher or it will start to decline as and when reality kicks in.
In real terms Ebay's G M V must be down about 20 - 30% over the last 3 - 4 years when you factor in inflation.
Beyond the basic profit and loss figure Ebay is clearly a business that has gone backwards quite considerably, I don't see how anyone can argue with that.
14-11-2024 5:58 PM
I have a private and business account, I sell my own items on the private account. Basically I don't have to do anything on my private account and I get sales daily. I can re list items and not do anything to them (as in so amending/sell similar/promote/change photos or description) and the item still gets views and sells yet on my business account I have to do all of those and still can't even get one sale with 3200 items listed.
Basically business sellers sales are being throttled/hidden. I'm lucky if I get a 15 min window within 24 hours were my items might be shown to the masses and this also depends on who is on at that time to view them and then buy. I can't see how any business seller is actually making any money on here anymore because I'm sure at some point we are all getting hidden/rotated for views. Hence days with no sales then one day you get 20.
I used to also get my sales by area for instance one week I would have London all week, then the next it would be Newcastle and similar. I had London a couple of days ago for one day but before that I can't remember when the last orders were from this area so I guess I'm not paying enough to be seen in the areas which purchase more on ebay.
14-11-2024 6:06 PM
Once you carve out a successful niche, these are exactly the challenges you’ll face.
Your sales momentum might last 3-6 months before your product is copied, forcing you to think of the next product while you’re still marketing the first (and you may be unable to sell all the first one one). Unfortunately, there’s little you can do about it, China is indifferent to brand reputation or patents.
The latest tactic? Copycats will register as customers, buy your product, then leave one-star reviews or file reports to get your listing taken down, especially on Amazon. Ironically, if you report too many infringements yourself, Amazon may suspend your account for “policy abuse.” It’s a brutal landscape, you almost have to adopt a cutthroat mindset to survive or be a psychopath.
Chinese manufacturers are rapidly capturing the market, and while avoiding products made in China could theoretically curb this, it’s unlikely. In tough economic times, people prioritize affordability, even if it means ignoring where products come from. The market is shifting, and it’s not unlike watching the Titanic sink. Once it sinks, the Great Reset will be unavoidable...but that's another topic.
14-11-2024 7:25 PM
I misspelt it. It’s Spug. There is quite a bit online about it
14-11-2024 8:11 PM - edited 14-11-2024 8:18 PM
As a buyer here that buy used, or spares or repairs items 99% of the time. It's become frustrating with listings with millions of other buyers promoted items that mades it off putting as a buyer. Now things are even worse since AI descriptions are being used now by so many sellers. The AI descriptions are so long and meaningless, and don't usually say anything about the items in their current condition. I now buy from others sites more where AI isn't over used.
15-11-2024 7:13 AM
I definitely agree with your statement that EBay must think we make loads of profit to charge so much fees. My sales have slowly crashed over the last year but I noticed my sales plummet more since EBay is giving private sellers free to sell. I’m getting ridiculous offers from potential customers because they think I’m able to lower my prices but the fact is after Business EBay fees, commission they charge, bank charges, postage and the actual price of the item I’m selling then it leaves hardly any room for negotiations. Then to top it off if you have a return you loose the postage to send the item (I offer free postage) and occasionally the return postage fees which eats into whatever little profit in the pot. I’m just a small business working currently for almost nothing and I just don’t know what else to do other than sell my few Items I have and then give up! It’s so disheartening that EBay treats sellers this way, I almost feel like they’ve done something to my account to hault sales. 😞
15-11-2024 7:20 AM - edited 15-11-2024 7:21 AM
I agree the balance is very much now in favour of private sellers. To save the site surely they must give more benefits/offers to Business Sellers.
I am a private member and got yet another offer the other day (which i will not be using). I only ever use a desktop pc for Ebay BUT got a £10 offer code IF i purchase something via the App.
Slightly off topic .....I am a private member in England but considering making a purchase of a few hundred pounds from a Business Seller in Northern Ireland. (gold bracelet) I presume that i will not have to pay any taxes etc in addition to the purchase price? I know its confusing for members buying and selling when based in Northern Ireland.
15-11-2024 8:25 AM - edited 15-11-2024 8:29 AM
They have UK VAT rules as they remain part of the UK so nothing on top will be charged.
15-11-2024 8:27 AM - edited 15-11-2024 8:28 AM
We gave up on useless giving years ago - didn't realise there is actually a name for it! 😆 🤣
15-11-2024 9:25 AM
Thank you . I was just checking
15-11-2024 12:11 PM
I have started to notice a drop in the sales for some items this week. I started looking to see what similar offerings were out there and it seems private sellers are throwing up countless new listings daily and with much cheaper prices than I can offer. I’m currently sat contemplating what the future holds if eBay don’t level the playing field quickly for business sellers.