Monday, September 29, 2008
Sunday, September 28, 2008
- Nearly 3,000 users (on Sept 19th they had 1700)
- 122,000 listings (on Sept 19th they had 58,000)
- Alexa Ranking is 225,199 an improvement from 344,257 on Sept 19th.
- They are averaging 3,000 unique visitors a day and 4,000 visits with 40,000 page views on a daily basis.
- Most importantly, GMV (General Merchandise Value) is growing daily
Friday, September 26, 2008
- 10:00 - 10:45 eBay
- 10:50am - 11:35am Overstock Auctions
Speaker: Doug Minnick, Director, Overstock Auctions
Topic: New vision and product enhancements at your request
Description: Enhancements to Overstock Auctions will include increased fraud protection, checkout process improvements, more third-party integrated payment options and the addition of bid cancellation and retraction. Overstock Auctions plans to integrate many of the site changes as early as November in time for buyers and sellers to capitalize on them during the holiday shopping rush.
- 11:40am - 12:15pm Amazon Services
Description: How to sell your products on Amazon, best practices for selling over the holidays, and new Amazon Services to help you grow your business.
- 1:00pm - 1:30pm Vendio
Speaker: Michael Levit, EVP Marketing, Vendio and Dealio
Topic: Multi-Channel Selling Strategies
Description: There are more selling options than ever ranging from large marketplaces like eBay and Amazon, to a comparison shopping sites, to BYOT (bring your own traffic) eCommerce solutions. Learn how to think about the expanding multi-channel world and where you should focus your efforts to get the best returns.
- 1:35pm - 2:05pm EmailDirect.com
Speaker: Kristine Dobson, VP Business Development
Topic: Email Marketing Best Practices
Description: EmailDirect provides web-based software that allows online marketers to easily: build email marketing campaigns, manage/segment email contact lists, send permission-based email messages and track the performance of email campaigns.
- 2:10pm - 2:40pm nuCourse Distribution
Description: Our on going commitment is to offer you the most innovative and efficient way to search, source, and resell the highest quality products, in the most cost effective way. nuCourse Distribution Inc is an online distributor of MP3 accessories, Consumer Electronics, Video Game accessories, Cameras & accessories, Speakers & Headphones, Computer Accessories & Peripherals, and much more. We pride ourselves in finding the new up and coming brands, as well as the tried and true brands, and delivering them to you in a nuWay.
- 2:45pm - 3:15pm PhiConnect
Speaker: Daniel Kim
Topic: FREE eBay Listing/Management Tools for Powersellers
Description: PhiConnect.com is placing a special emphasis on FREE eBay Listing and Management Tools for PowerSellers. Deviating from other eBay tools and free tools, PhiConnect.com provides unique features for eBay volume PowerSellers. The features include FREE auto scheduling, auto dispute rules, online return service, vendor management, sales information, item inventories, and many more.
- 3:20pm - 3:50pm ComGateway
Speaker: Lionel Sim, VP International
Topic: Sell Internationally to Visa and Amercian Express card holders without fear of chargebacks or fraud.
Description: “With ComGateway, merchants never have to worry about fraud or chargebacks, nor will they need to charge a premium for shipping to cover their fraud-to-sales ratio. Moreover, the low US dollar makes it more compelling than ever for International shoppers to buy from our merchants” says Mr Paul Schmudde, President of ComGateway’s logistics operations.
- 3:55pm - 4:25pm Winbuyer
Speaker: Chance Lipsky
Topic: “Thinking Outside the Box: New Trends that Increase Profitability”
Description: With the rise of web 2.0, people are more open to “thinking outside the box”- finding new ways to cover costs and add to the bottom line. Learn about the latest solutions and trends that can increase your profitability. Specifically, we’ll be comparison shopping marketplaces, an innovative new way to increase conversion to sales and generate lead-based revenue.
Speaker: Christopher Deutsch, Co-Founder & Director of Business Development
Topic: Introduction by specialtyretailshops
Description: Specialty Retail Shops, Inc. (SRS) is a Scottsdale, Arizona based company acquiring, consolidating and growing niche, online retailers in the $31 billion specialty retail segment of the “Long Tail” of e-commerce. SRS transitions the stores at acquisition to a top-tier, enterprise-class retail platform that utilizes advanced marketing and fulfillment capabilities as well as consolidating administrative and corporate operations
Thursday, September 25, 2008
- #3 - "Move fast. One hour after your management team discusses the need to layoff employees, the entire company will know that something is happening. If you think you need to layoff people, then do so because it’s unlikely that a miracle will happen. Once people “know” a layoff is coming, productivity drops like a rock. You’re either laying people off or you’re not—you should avoid the state of “considering” a layoff." Of course eBay and Yahoo have already diregarded this suggestion.
- #9 - "Provide support. The odds are the people getting laid off aren’t “at fault.” More likely, it was the fault of top management—the same top management with golden parachutes. Hence, you have a moral obligation to provide services like job counseling, resume writing assistance, and job search help. There are firms that specialize in helping employees during “transitions,” so use them." Hopefully these companies have setup a transition process for their laid-off employees
Wednesday, September 24, 2008
- From the eBay Ink Blog: eBay To Launch AdCommerce Program for Sellers
- From the eBay Announcement Board: Coming Soon: eBay AdCommerce – A Text Advertising Solution for Sellers - "Over the next few months, we'll be introducing a new program call eBay AdCommerce. eBay AdCommerce is a pay-per-click advertising solution that will allow eBay sellers to advertise their listings and eBay Stores via a text ad on eBay search result pages.
AdCommerce is one more powerful advertising option for eBay sellers who want to drive more traffic to their listings and eBay Stores. Your ads are shown near the bottom of search results pages to targeted buyers that are interested in your product line."
- Diamond Sellers and catalog product coming to the site this fall.
- Advertising options for eBay sellers to advertise their websites
- Sponsored ads all over the site currently.
- Display advertising on the rise.
- Advertising showing up on Item Description pages on eBay Australia.
Tuesday, September 23, 2008
Earlier in the week, Ina Steiner at Auctionbytes had posted that sponsored ads were now showing up on seller listings at eBay Australia. This has been a concern of sellers for many months; wondering when this would actually happen. You can imagine the outrage in the seller community, but the Aussies don't take things sitting down, they are very active in trying to right perceived wrongs.
Just my 15%
Monday, September 22, 2008
1. eBay and Yahoo Merge! At some point next year I see these two companies coming together as their respective share prices flounder. I just can't see investors putting up with another year like the last two. Yahoo is a on a short leash and eBay will be, especially as they move towards changing their marketplace fee structure.
2. If eBay and Yahoo don't merge, I believe Meg Whitman will leave the company to begin her next adventure. John Donahoe is becoming more of a public figure and seems to be the likely replacement. If #1 happens then I believe Meg will stay. (Remember for entertainment purposes only)
3. Amazon, will continue to make in-roads in the 3P business and add Automobiles towards the end of the year and will begin directly competing with eBay Motors.
4. ChannelAdvisor will go public! (No need to expand on that).
5. Amazon will acquire Overstock.com and that will be the end of TV commercials with "Its all about the O" as the tagline. Overstock has a decidedly different customer demographic then Amazon (60% female) and would fit into a portfolio of ecommerce sites.
6. eBay will institute category based pricing for each of it's major categories.
7. StubHub will sign a deal with the NFL prior to next years football season.
8. eBay will separate Stores from the core site and provide Store Sellers with the marketing tools to market their products all over the web including listing in eBay's Core, co-op advertising through Yahoo and listing on Shopping.com. In order to make this work they will need to develop a separate platform with a shopping cart system. They already have this with Express so all they need to do is make Express the UI for each store while the current listing system supplies the inventory. With this new site sellers would pay a single monthly hosting fee and only pay listing fees or FVF if they choose to sell through eBay's CORE or a Stores based Site like Express (don't worry sellers it won't be the same Express as we see today), or they could market to their product using paid search or other methods. Store/Shops would become the worlds largest collection of independent Websites. This is not as difficult as they seem to want to make it -- Express front end and Stores back-end for each individual store. The technology is already in place.
9. eBay's PR department will return my emails.
10. MyBlogUtopia will replace TechCrunch as the top blog (You have to think big folks)
Sunday, September 21, 2008
Saturday, September 20, 2008
Thursday, September 18, 2008
- Technical problems: eBay's own Turbo-Lister software was not ready for the new 30-day listing format, at the time of launch. [According to the Announcement board this was resolved later in the day on the 16th.]
- Wait and see: Sellers are very cautious these days and want to see how the new format works before they jump in.
- Testing, testing, Testing: I've seen a number of tests using 3, 7, 10 day FP listings as well as Free Shipping on 30-day listings, but very few sellers have committed to anything yet.
- Sellers are not dumb. They realize that until CORE gets flooded with listings, there store inventory will still get exposure and they pay less to sell in stores, than they would with the new format.
- Many sellers have just moved on. They are sticking with what they know works on eBay and putting all of their energy into other marketplaces or their own websites.
Tuesday, September 16, 2008
Monday, September 15, 2008
- eBay will be there and because of all the changes we expect this to be a very active topic as we will be 2 weeks into the 30FP change and sellers will have a chance to discuss with each other what everyone is learning to be the best strategy.
- Amazon will be there to talk more about selling on the Amazon platform and preparing for the busy holiday season. If you have ever experienced the HOLIDAY RUSH on Amazon you know what I mean.
- Overstock.com will also be there. They recently announced the new appointment of Doug Minnick and their expanded focus on growing Auctions.
- OneNow is a new venture that went public today. They have a very simple way to help sellers sell their goods to Asian countries without the mess.
- We have a new tool provider WinBuyer that looks very interesting. They provide competitive market information across the net for items to keep sellers informed on the competition. They also help buyers know they are getting the best deal on a seller's website.
- Vendio will be there to share some new initiatives they are rolling out as well.
- There will be a session on email marketing with emailDirect an email marketing company there to help members build or improve their email marketing campaigns.
- As of last week there were 1714 registered users, and they are growing by 50 users a day on avg.
- There are 58,000 items listed on the site. They are adding about 1,000 new items a day.
- Their Alexa ranking was 1,857,292 on Aug 2nd and they are at 344,257 today
- They are averaging  plus visits a day with over [2,000] uniques and growing.
Sunday, September 14, 2008
- Stores in Search - tried and then reversed after 45 days.
- Punitive fee increases on Stores (Aug 2006)
- Official Launch of eBay Express [eBay Live 2006]
- Re-focus on CORE with Windorphins and "Shop Victoriously" (2007)
- Meg leaves Q1 2008
- New management and new Focus on Fixed Price (2008)
Friday, September 12, 2008
Thursday, September 11, 2008
Wednesday, September 10, 2008
- Earlier this week, Auctionbytes posted the following post on their blog: eBay's Operation Catalog Flies Under the Radar
- eBay Employee Jim "Griff" Grffith responded on the eBay Ink Blog: Some Needed Clarification
- Now AuctionBytes has responded to Griff's post: eBay's Non-Denial Denial
Tuesday, September 09, 2008
- Since rejecting Microsoft's buyout offer of $44.6 billion back in the early part of the year, Yahoo's share price has sunk to $17.78 a share and the companies Market Cap is now $24.6 billion. The free-fall is happening even though they have a search outsourcing deal with Google -- maybe the regulatory concerns are having an effect.
How can shareholders put up with this? Sure the market as a whole is down but the Microsoft offer looks like a killer deal now.
- eBay just crossed into $22 territory ($22.92) for the first time in 2 years and there are no signs that the trend will reverse itself. If this trend continues does the $19 price target of Deutsche Bank's Jeetil Patel come into play during the first quarter of 09'? At $19 a share is the company in play? With $4 billion in cash and a consensus value of PayPal at $15 billion, does eBay, Inc. really come into play for Google or Microsoft when the Market Cap is $24 billion?
We think recent sales is a great way to tell a great listing, so we're going to start boosting those listings in search. If you start listing in multi-quantity now and then continue to relist those items when they expire, you'll start accumulating a "recent sales" score reflecting the recent purchases of that item. When the feature is turned on, you start reaping the rewards.
Forget to relist? You’ve got a couple of days to get that item back up on the site and keep your score. Remember, you must do it as a "relist" to have your score carry over. And you can't make major changes to the listing (for example, changes to title, category, condition, increasing price, etc.)." (Bold is mine)
- The new fee structure goes into effect on the 16th so anything listed between now and then will have the old listing fees. For example a 7-day Fixed price listing with a qty. of 4 and a start price of $25 would cost $4 to list for 7-days and then when you relisted it you would have to relist it as a 7-day FP in order to continue to track your sales. Of course you could convert it to a 30-day once you relisted. Does it really make sense to pay $4 for that first listing to give you that jump on your competitors? It may for some of you, but don't go crazy with this. You are more than likely not going to sell enough in the next 7-days to spike your recent sales much and you don't need to shell out $4 on the "hope" it will help.
- You have to include multiple quantity in the listing to get credit for recent sales.
- If you list on Weds. you can convert the listing into a 30-day listing on the 16th and pay an additional 35 cents but at least the original $ could be spread-out over 30-days. Still not recommended for anything but your hottest selling product.
- Warning: There is a possibility that if you convert to a 30-day listing from a 7-day that the recent history may not carry-over. I've asked eBay for clarification on this. Update: eBay confirmed that if you convert a 7-day listing to a 30-day your sales history will follow, just don't raise the price, change the category, title or any item specifics.
The discounter said the new markets include Canada, the U.K. and the members of the European Union. The site locates users and displays pricing in their local currency, automatically adjusted to daily exchange rate fluctuations.
Overstock.com said on Aug. 27, the day of its "soft launch," the site recorded orders from 17 different countries. Traffic has increased since, without marketing.
"With the weakness of the dollar the time has never been better for international customers to purchase American goods, creating a great opportunity for us," said Patrick Byrne, Overstock.com chairman and chief executive."
Monday, September 08, 2008
- Are you curtailing your eBay listings and moving inventory to other sites?
- Are you shutting down your eBay business and going back to the weekend flea markets and swap meets?
- Are you just plain quitting selling online?
- Are you increasing you eBay listings because of the new lower insertion fees?
- Are you just trying to survive the quarter in hope that the changes will be positive?
- Many of you can't just leave, how are you coping?