We noticed that eBay seems to be trying to solve the issue of unpaid items on offers. The issue is when a buyer makes an offer, doesn’t pay, and keeps an item tied up in limbo. After a week or so, seller has to relist. A big waste of time and lost income.
Over the past year, eBay sometimes requires a payment option when a buyer makes an offer. If the offer is accepted, the buyer is immediately charged. We like this. Commitment to purchase when offer is made.
This past week, we noticed eBay is testing a different system. We would get offers, accept, but not see the items in our solds. I guess eBay is allowing multiple buyers to make offers on the same item. Sellers accept any good offers. Whichever buyer pays first, gets the item.
I guess this system creates FOMO among buyers to encourage them to pay quickly…while also keeping an item listed till it’s paid for. I guess this also gives the buyer power because they can put offers on multiple items, choosing the best one. This forces sellers to consider all offers and imagine they’re competing with other sellers to win the buy.
Not sure which system eBay will ultimately choose. Likely whichever one buyers prefer and use more since the whole goal is to sell as many items as possible. We’re just glad to see eBay evolving.
We had another good week of sales. We’re actually running low on unlisted inventory, so we’re on the hunt for more. Treasure hunting is my wheelhouse.
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Our Store Week December 17-23, 2023
Total Items in Store: 9585
Items Sold: 35
Gross Sales: $2,343.95 (including eBay fees, shipping, and taxes)
Net Sales: $1,719.82 (minus eBay fees, shipping, and taxes)
Cost of Items Sold: $157
Cost of helpers: $80
Highest Price Sold: $325 (antique bowl)
Average Price Sold: $49.13
Returns: 1
Money Spent on New Inventory This Week: $0
Number of items listed this week: 10
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(Your numbers can be found here: https://www.ebay.com/sh/performance/sales)
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