Originally Posted By: mrsilv04
Originally Posted By: Bill in Utah
With Ebay going away from auctions...
I don't believe that this statement is entirely accurate. Auctions aren't going anywhere.
Quote:
Auction site eBay is set to change its fee structure in order to emphasize fixed-price sales and move away from bidding wars, according to a report.
Starting in mid-September, eBay will charge sellers only 35 cents to list an item for 30 days at a fixed price, according to the New York Times. Previous charges ran up to $4 and allowed listings for only a week.
The website is expected to make the announcement on Wednesday, as part of an effort to compete better with other online retail powerhouses such as Amazon.com. The company is moving away from auctions in response to consumer preference, the newspaper said, as shoppers are opting for fixed prices instead.
Last month, eBay said gross merchandise volume on its website grew only eight per cent, a big decline from the double-digit growth of previous quarters. The company posted a big increase in revenue, but most of that came from growth in its advertising, classified and PayPal businesses.
Expansion in its auction business, which makes up about 57 per cent of revenue, is slowing. Growth in the site's number of active users also has slowed to a snail's pace, climbing only 1.4 per cent in the company's most recent quarter.
"Clearly there’s a strong buyer preference for fixed price," Lorrie Norrington, president of eBay Marketplace, told the New York Times.
The company is looking to make the switch in time to compete against Amazon and other big online retailers over the busy winter holiday shopping season, the newspaper reported.
The company is going towards fixed prices. You are correct, for now if you want to put up a auction, you'll pay more for it.
In the end, Ebay would love for the auctions to go away.
Bill
BTW. I love the auctions and every item I list is a auction, but I sell more when I have a buy it now price listed over waiting till the end with the normal auction.