Comments
Does eBay Fit In Instant Gratification Economy?
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vnewman2
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vnewman2,
User Rank: Ninja
8/26/2014 | 3:43:12 PM
Don't forget your roots
A lesson to many of these companies is to understand what makes you great.  Ebay is great because I can find cheap stuff - cheaper than retail hopefully or else I'd just buy it at retail - or stuff that I can find anymore in a store because it's old.  Beautiful.

But it is the last place I'd go to get something on demand - there are plenty of other options for that and they do it well.  The personal shopping idea makes me think of Taskrabbit - it's a whole other model.

There's nothing wrong with finding some value-add-ons to make the experience better, like the PhiSix Fashion Labs, but don't lose sight of who you are at your core.
moarsauce123
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moarsauce123,
User Rank: Ninja
8/27/2014 | 4:00:54 AM
Re: Don't forget your roots
It used to be cheap stuff by individual folks cleaning out their bins. Now it is mainly corporate entities flooding ebay and their offers are either no longer inexpensive or based on volume sales undercutting those who just happen to have one of the same item for sale, of course with free shipping. It used to be an online flea market without businesses and now it is nothing more than a corporate store front.

On top of that, eBay charges a fee, forces folks to use PayPal, and PayPal of course also charges a fee as well. These fees went up and up over time killing off any small margin the casual seller could make. I used to be able to turn old electronics for a profit, now I only sell because I hate to throw them in the trash, but given the effort the return is null.

The shift to mainly professional sellers and excessive greed are eBay's own undoing.
zaious
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zaious,
User Rank: Ninja
8/28/2014 | 2:45:32 AM
Paypal
Paypal is gaining more traction. I have seen stores, where they do not dpend on wired car swiping terminals, they have paypal reader hooked to smartphones. Paypal een has their own credit cards. So far, Paypal has shown it has potential for growth in new enviroment. Ebay will be there, I assume, but it will need to (re)invent in some areas.
SunitaT0
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SunitaT0,
User Rank: Ninja
8/31/2014 | 2:02:50 PM
Have it your way
The impact of a possible crush of EBay in the coming years is basically dependent on what takes clients to these sites. For someone who just goes to compare the prices with his favorite outlet, it is not that big a deal. However, it becomes a problem if EBay turns out to be your main shopping destination.
SunitaT0
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SunitaT0,
User Rank: Ninja
8/31/2014 | 2:03:47 PM
Re: Don't forget your roots
First, it's worth appreciating the article which in essence has served a s a key eye opener to the entire EBay fraternity including the customers. It was one of the first to advocate for internet marketing only to beaten at its own game years later by emerging competitors. Where did the rain start beating them? Maybe that's the only ways of regaining the lost glory.


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