No Sales...What is happening?

[hexenkat11]

I have sold on Ebay for a few years now & this week has been the worst.  Has everybody gone to Mars? 

Not a single sale in 3 days...  I have never seen anything like it.

Anyone else experiencing the same situation?

[heihachi_73]

I just want to rub salt in the wound by saying that not long ago it was mentioned that the lowly 5c piece is actually worth less in buying power than the 1c coins when they were pulled from circulation 30 years ago.

It sounds about right too, as I remember Magnums being considered an absolute ripoff a whole dollar when I was at school in the early 90s (by comparison, an Icy Pole or Paddle Pop was 30c) - I noticed recently that they were upwards of $5 at Coles Express!

[brerrabbit585]

You can still get magnums for $1 each if you buy when they're on special in the supermarkets. 🙂

To whoever said you only earn 5c on $100, the NAB has a savings account that pays 1.6% interest (better than most term deposits). I think the only criteria is that you add something to the account each month (and probably not withdraw anything that month) but you could put any savings in there and just deposit an extra dollar each month.

[collect247]

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@brerrabbit585 wrote:
You can still get magnums for $1 each if you buy when they're on special in the supermarkets. 🙂

To whoever said you only earn 5c on $100, the NAB has a savings account that pays 1.6% interest (better than most term deposits). I think the only criteria is that you add something to the account each month (and probably not withdraw anything that month) but you could put any savings in there and just deposit an extra dollar each month.

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So with NAB you'll get $0.62 on $100 well that is much better.

[collect247]

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@collect247 wrote:

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@brerrabbit585 wrote:
You can still get magnums for $1 each if you buy when they're on special in the supermarkets. 🙂

To whoever said you only earn 5c on $100, the NAB has a savings account that pays 1.6% interest (better than most term deposits). I think the only criteria is that you add something to the account each month (and probably not withdraw anything that month) but you could put any savings in there and just deposit an extra dollar each month.

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So with NAB you'll get $0.62 on $100 well that is much better.

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Sorry $1.61 on $100 I meant to add

[brerrabbit585]

$1.60. It's 32 times better than only 5c. It all depends on your perspective.

[collect247]

Perspective = waiting, so these days I put my money into better things eg/ Gold or even the Yen 

[brerrabbit585]

Yeah, my sister complains about interest rates being so low but is sooooo proud of still having the gold my mother left her. It's more than doubled in price since it was bought but that was a long time ago. I worked out using the rule of 72 that it'd earned approx 2.4% interest per year.

[south.coffee]

With peoples holiday pay running out and Christmas credit card bills rolling in you would expect a slowdown across the economy in general.  Throw in the millions of dollars donated to the many bush fire appeals and there's another swag of cash removed from consumer discretionary spending.  Let's not forget those folks who lost their homes and possessions as well.

The odd anomaly of the fires will provide an economic stimulus with the 'Rebuilding - Replacement - Renewal' effect courtesy of the insurance companies, Government and subsequent taxpayers in the medium term.

Come February when many people return to work the upswing should begin...

[gumardee_coins_and_banknotes]

I prefer to say the value of the currency has gone down, not that gold value has increased. As the same amount of gold can in general buy the same products like bread, milk etc even with tech advances, in any time period.

[victoria_2170]

According to the ChatGPT:

The recent drop in eBay sales for many sellers can be attributed to several factors affecting the platform:

1. Increased Competition: eBay is facing intensified competition from major platforms like Amazon and Walmart. As Amazon continues to grow its market share (37.8% in 2024 compared to eBay's 3.5%), eBay is struggling to keep up with these giants, particularly in attracting and retaining buyers​

2. Technical Issues: There have been sporadic technical problems on eBay, including bugs that prevent buyers from adding items to their shopping carts or completing checkouts. These glitches can significantly impact sales, as potential buyers may abandon their carts and look elsewhere​

3. Lower Buyer Activity: eBay's active buyer base has decreased slightly, and with the holiday season approaching, eBay's sales forecasts for the fourth quarter are not meeting expectations, which has led to a drop in seller confidence​

4. Economic Factors: Broader economic conditions, including inflation and reduced consumer spending, may be influencing buyer behavior on eBay, leading to fewer purchases across the platform.

eBay is working on addressing some of these challenges by improving its platform, but the current sales slump is likely a result of a combination of these factors.