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eBay Sees Slow Down In ’08

Slower growth in top markets

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eBay cautioned in its annual report that it will be challenging to win back former customers while also trying to attract new users to its properties.

The online auction site recently experienced its first major sellers revolt with customers boycotting the site after unpopular changes were made to fees and policies. At the end of the week long boycott eBay saw a 13 percent decrease in auctions

"If these changes cause sellers to move their business away from our sites or otherwise fail to improve gross merchandise volume or the number of successful listings, our operating results and profitability will be harmed," eBay said according to Reuters.

eBay admitted that its auction business will see slower growth in each of its most profitable markets. "We face challenges in the U.S., U.K. and Germany, which are our three largest markets, as growth of listings, active users and GMV on the eBay.com platform in those countries has slowed," the company said in the regulatory filing.

GMV stands for Gross Merchandise Volume, the total value of items and services sold on eBay sites. The company also said its 2008 revenue is on track to grow just 12 percent below the 18 percent analysts had previously predicted.
 

eBay Sees Slow Down In ’08
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  • Great News.

    And there was some journalist on this site saying that the impact of the boycott was nothing.  Now, promote another boycott in 15 days and you’ll see the giant begging for your forgiveness. 

  • Guest

    Seeing that almost all the seller are BUYERS..EBay has doomed themselves. They chase away the sellers with allthe ridiculous changes and then say it will be hard to bring back former buyers? What are they smoking?

  • Debi Pieraccini

    I see the self-destruction of ebay…

    They lost my business when they refused to bend on the new rulings, they refused to "listen" to the base of their market, the Seller…

    They tried to implement a huge fee increase by introducing it to the Seller as a decrease… Did they not think that we would read the fine print???

    Not a good move… It caused anger and

    They have decided that the buyer, "my customer",  belongs to them..  They’ve made it so that feedback is the deciding factor on my ending selling fees…

    In doing that, they have made it so that I can not comment when a buyer doesn’t pay in a timely manner, or when they decide "after" the sale that they don’t like to pay shipping charges, which gives them a lever to hold over my head, such as: "you take off the shipping charges or I will leave you a negative comment", meaning higher fees…  It is not the proper way to resolve a feedback system…  It sets the Seller up for failure, which of course, puts money in ebays pocket…

    The beauty of the new rules at ebay is that it has caused me to look online for other avenues of selling…  There is a wealth of awesome sites who don’t gouge the seller and have protective measures for both the buyer AND the seller…

    I am free to choose my payment methods which includes the google checkout and other payments rather than just using ebay’s own paypal system which is owned by them…

    I found out that the grass is indeed GREENER on the other side…

    And I was buying anything I could on ebay, I would check there before purchasing locally, in support of the ebay community…  That’s about 500.00 a month going to another venue now…

    I chose onlineauction.com as my new selling home…

    It’s reasonable in price and a much more friendly site to deal with…

    so, I will continue to BOYCOTT EBAY VICTORIOUSLY!!

  • Debi Pieraccini

    I see the self-destruction of ebay…

    They lost my business when they refused to bend on the new rulings, they refused to "listen" to the base of their market, the Seller…

    They tried to implement a huge fee increase by introducing it to the Seller as a decrease… Did they not think that we would read the fine print???

    Not a good move… It caused anger and

    They have decided that the buyer, "my customer",  belongs to them..  They’ve made it so that feedback is the deciding factor on my ending selling fees…

    In doing that, they have made it so that I can not comment when a buyer doesn’t pay in a timely manner, or when they decide "after" the sale that they don’t like to pay shipping charges, which gives them a lever to hold over my head, such as: "you take off the shipping charges or I will leave you a negative comment", meaning higher fees…  It is not the proper way to resolve a feedback system…  It sets the Seller up for failure, which of course, puts money in ebays pocket…

    The beauty of the new rules at ebay is that it has caused me to look online for other avenues of selling…  There is a wealth of awesome sites who don’t gouge the seller and have protective measures for both the buyer AND the seller…

    I am free to choose my payment methods which includes the google checkout and other payments rather than just using ebay’s own paypal system which is owned by them…

    I found out that the grass is indeed GREENER on the other side…

    And I was buying anything I could on ebay, I would check there before purchasing locally, in support of the ebay community…  That’s about 500.00 a month going to another venue now…

    I chose onlineauction.com as my new selling home…

    It’s reasonable in price and a much more friendly site to deal with…

    so, I will continue to BOYCOTT EBAY VICTORIOUSLY!!

  • Guest

    Besides having a two week problem with my account which eBays Trust dept. and live help (contacted 7 times) couldn’t help with I finally figured out how to fix my account.

    The last time I listed I probably had around $300.00 dollars worth of 20 items and only made $80   No one can afford to buy or collect anymore because of food prices and especially gas prices.  And it’s not going to get better.  Not eBays fault but I can’t afford to waste money on listing fees for unbought items.

    Good luck in 08 everyone because we’re going to need it!

    • Guest

      I’ve seen a slow down in sales too. I guess it is the economy.

      And the changes eBay is implementing … loads of changes to feedback, prices, My eBay, you name it … seem to be injurous to sellers.

      They are even forcing some sellers to use the new My eBay beta in a test pilot.

      I don’t know. My business can’t afford a test shoved down my throat.

      I don’t know what the hell eBay is doing anymore.

       

  • boycott-ebay.net

     I urge all buyers and sellers on eBay around the world to take a stand against the greed that has set in to eBay’ headquarters.

    May 1st 2008 is the next worldwide eBay Strike day, join in and let eBay know now before it’s too late. In 5 years people will be talking about the site that was "eBay".

    eBay! What’s eBay?

    Make some NOISE!

    www.boycott-ebay.net

  • boycott-ebay.net

     I urge all buyers and sellers on eBay around the world to take a stand against the greed that has set in to eBay’ headquarters.

    May 1st 2008 is the next worldwide eBay Strike day, join in and let eBay know now before it’s too late. In 5 years people will be talking about the site that was "eBay".

    eBay! What’s eBay?

    Make some NOISE!

    www.boycott-ebay.net

  • http://www.richkits.com Guest

    Ebay is over…they treat sellers like crap…they pushed all the digital sellers out with no notice and then allowed buyers to manipulate sellers by taking away negative feedback rights that sellers had before. Its a disgusting company and they deserve everything headed their way.

    • http://www.bulgariabid.com aaron sneddon

      Our Ebay sales are down, prices are down and bid numbers are down. Our Ebay bill has increased by 30% month on month, the Feedback issue means that buyers can blackmail sellers and know sellers will do everything to keep the buyers from leaving negative.

      I disagree with the feedback system, its the sellers who pay the ebay fees, buyers just send money via Paypal so EBay dont make cash directly through Ebay from buyers.

  • Guest

    Many are leaving as Ebay offer no customer support, sellers can only leave positive feedback, Pricing is now up to 20% of fees as we get ripped off by Paypal, too.

    Ebay deserves to go bust, the sooner the better, the we can have a decent company take it’s place.

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