Tuesday, July 8, 2008

Many eBay sellers are closing stores; Others report what IS selling now

Many local eBay sellers have reported to me that their sales on the site have declined drastically in recent months. And more than a handful have closed down their eBay stores completely. Declining online sales are not unusual for the summer months. Many people are on vacation or just spending more time outdoors rather than sitting at home in front of a computer.

Normally, sales will come up again in mid-August when back-to-school buying starts up. Items like books and anything related to fashion will start to move quickly, but with the increased time spent online, a general upswing across all selling categories is usually reflected.

I have to say, it does look like other conditions are affecting online sales as well these days. First, the economy in general is of great concern. People are worried now in anticipation of how they’ll make ends meet for necessities such as food, gas and heating oil as the cooler months approach. They won't be buying anything extra now.

Then add to the mix the changes eBay has implemented this year which make it somewhat of an unfriendly environment for small time sellers in general. The buyer definitely has the advantage and a lot of sellers are hesitant to risk much in an uncertain market where people simply aren’t spending much.


However -- if you are up for the challenge, I came across an interesting article on what IS selling on eBay these days... If you’re brave enough to give it a try, this article claims that designer handbags, model trains, and used musical instruments are currently doing quite well. Also on the list are digital and 35 millimeter cameras, and scrap gold.

Here's the article in full:
What’s hot on eBay right now

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