I,m in S.A. and sales have been pretty pathetic for the last week or so. I was going to go to a large auction in the city and buy up some very rare items to resell, but canned it at the last minute, due to the slow sales. I suspect it depends on what you sell. Essentials are still going well, but discretionary spending has taken a major hit. Buyers are also moving away from expensive items and buying more cheap treat type stuff rather than expensive gems.
The Government released figures yesterday that showed GDP is down over 7% for the April to June quarter ( pre second Victorian lock down ) and private household spending down 12.1 %. These are the largest falls ever recorded, so it must be having some effect on peoples ebay sales, particularly in the discretionary area. Household savings have also dramatically risen ( around 25% from memory ) All money that is not being spent on ebay or anywhere else.
I hate to think what the numbers are showing now with Victoria in its second lock down. ( Those numbers are two months old and a lot has happened since then )
Its time to have a serious think about who you are selling too and what you are offering them. My plan is to offer more essentials and focus more on cheaper items during the next few months. I will also target the older " blokes in sheds " demographic as these guys are usually wealthier and the last ones to tighten their belts when things get tough.
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