On the same day that eBay announced a 14% decline in quarterly revenue, eBay North America President, Bill Cobb announced an increase in sellers fees.
It's official. eBay has lost their freakin' mind.
With eBay traffic down by 10 Million visitors a day, how in the world can they justify raising sellers fees on Store items?
More people are listing items in their stores because they are no longer getting a decent sell-through rate in auctions. For many, the eBay store is a last resort before calling it quits on the eBay model.
Bill Cobb has the guts to call this latest fee raise, "Resetting the Balance of the eBay Marketplace".
It's really almost unbelievable.
Google, please strike them down. The PowerSellers are begging you.
FEEBAY STRIKES AGAIN!
For all us store owners, I recently complained to the Griff ebay radio guy how the store listings have been almost hidden, if you can find the link in the lower left corner at bottom of page. They are trying to squash traffic so their auction style listings will improve. I personally hate auction listings as well as many of my friends. Who has the time to follow and be there when it closes. It can take weeks, months to win an auction on some item you want. Bad enough prices on ebay are cheap, many well below a normal retail value. They are flat out telling you take the rate hike or else leave, which may be their intention. I've paid my share of fees, but now it's time to make the jump to a real store. Thanks for the kick in the pants to get me there.
Paul, an FEEBAYER for last 8 years.
Posted by: Paul | July 29, 2006 7:31 AM | Permalink to Comment