Ebay is Blowing it
Ebay has decided to raise fees again, which has become an all too often thing in the last couple of years. The last time eBay raised their fees was less then 6 months ago. Here are the latest eBay fee increases that will go into effect on 1/30/07:
I really think eBay's greed is going to lead to a decrease in their profits. For example, before the last fee hike I was spending $600 - $700 a month on eBay fees. Since the fees just keep increasing, I decided it was time to streamline the eBay stuff, so I eliminated all items that don't sell 80% of the time. Now I pay around $300 a month in eBay fees and if they keep increasing, I will just drop eBay all together. I did the math some time ago and before the last two fee increases, eBay was taking about 25% of my profit for anything sold on eBay. It's just not worth it any more, which is probably why the quality of items is declining on eBay as well. I found this article interesting and it just shows how sneaky/greedy eBay really is.
I'm going to test out sales at RummageMonkey.com and see what happens. I don't expect much since it is a brand new website, but perhaps I can at least help them grow and take over at least a little bit of the eBay monopoly.
Labels: Business
Rambled by Vicious Summer @ 5:32 PM
2 Shenanigans:
What you are not understanding Summer is that the extra money is going to a good cause: eBay wants to give each shareholder a swimming pool full of money so that they can swim in it. =P
...er, maybe not.
I completely agree with you that eBay are far too greedy. That's a great article you linked to. Most sellers get it, but I'm amazed at those that do not.
It may be cheaper to use ebay than go out and buy your own real world store, but eBay would get more business (and would still make a lot of money) if they dropped the fees a little.
Although I've got some bargains on there, I've hardly sold a thing for it's real value. Coupled with winning Paypal resolutions, but not getting my money back because the buyer "didn't have any funds in their account", I have probably lost more than won. eBay are pretty big crooks and have forgotten their small beginnings. :(
I haven't even started selling on eBay but that just puts me right off... I noticed there aren't so many bargains there these days and now I know why... the creeps that decide policy at eBay are just leeches... I bet they've all got huge houses and fleets of flash cars...
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