on 01-07-2019 09:27 PM
Anyone else just experienced a commplete fall off in sales from about 5 Days ago. Did Ebay make change?
08-07-2019 09:14 AM - edited 08-07-2019 09:18 AM
@dazzledayz wrote:Perhaps having 5.5 millon adults on low incomes has a bit to do with it:
Our population is 25.5 million (ABS figures)
Our working age population is 12.5 million (ABS figures)
Of which:
1.5 million are Unemployed
1.0 million are UnderEmployed
1.0 million are on disability or parenting payments
So that leaves 9 million potential spenders out of 25 million or 36%
Of that 36%, most are suffering the effects of wage stagnation and rising service and utilities prices.
In other words their budgets are, on average, tight.
Don't expect the 2 million age pensioners to pick up much slack; they don't earn much.
Best guess is maybe 29% or 30%, less than a third, of the people you see in the street can afford to buy from you.
Even though our esteemed govt likes to tell us the economy is in great shape, I think the numbers above may explain why sales are a bit anaemic ATM.
And of the 9 million potential spenders, 1.5 million are public servents who are providing essential services, but are not actually creating any wealth for the country. They are sucking A LOT of money out of the system, ( through taxes to pay their above average wages ) so that leaves 7.5 million who could potentially actually be earning income for the country. Out of that 7.5 million, the vast majority are also in the service industries such as in coffee shops furniture removals, supermarket workers, taxi drivers etc. While all essential services, none of these occupations actually earn any gross income for the country. ( they just keep the same money going round, not increasing the gross amount ) Theres probably only a few hundred thousand people of our 25 million population who are actually earning any income for the country. And people cant understand why Australia has a problem.
With our manufacturing sector in ruins, the only industries that have the potential to actually increase Australias real wealth and individuals spending power are Mining ( politically incorrect ), Agriculture, ( just coming out of drought ) Tourism ( in the doldrums ) and international education ( spoiled by poor management ) . What other export industries does Australia have to actually increase our spending power ?
08-07-2019 09:35 AM - edited 08-07-2019 09:38 AM
@chameleon54 wrote:Sales have been reasonably steady over the last week. They did slow for me around two weeks before the election and havnt really got back to the same level as before. Down around 25% on long term trend. This coincides with the fact I have not been putting the effort into ebay over the last few months due to other commitments.
I have been trying to get sheep through the breaking of the drought. Once it rains any dry feed is spoiled and it takes time for new feed to grow and bulk up. Combined with the onset of cold weather it is a difficult time for drought affected sheep. Fortunately the rains have come and the feed has grown enough now, the dams are starting to fill and the sheep are putting weight back on extremely quickly.
I have a bit of time now so will get some new listings up and try to restart things on ebay. It will be interesting to see if it works as well as it has in the past.
I followed through with putting some time and effort into ebay last week. I spent most of the time on my main account which had just been a bit stagnent lately. Revised a few listings and put up a number of new listings. As well as doing perhaps 12-15 new listings most days, I also trickle fed one or two listings at other times, so that there was a constant stream of new listings throughout the week. A lot of the items where pretty rare and while valuable, would only be of interest to a few highly specialised collectors. ( maybe only a half a dozen in Australia )
And the results are in. ............Just had my best week in a very long time. Aound 50% of sales where to international clients who where picking the cherries at high prices. Theres still buyers out there for unique items, but if things are slow in Australia, maybe it is worth considering selling internationally if you have the rare stuff that is not commonly available.
on 08-07-2019 09:37 AM
@chameleon54 wrote:, 1.5 million are public servents who are providing essential services, but are not actually creating any wealth for the country. They are sucking A LOT of money out of the system, ( through taxes to pay their above average wages ) so that leaves 7.5 million who could potentially actually be earning income for the country.
I don't follow this argument at all. As a former public servant I can assure you that public servants still need to buy food, furniture, electricity, cars, petrol etc. What difference who their employer is? It all makes the economy go round.
on 08-07-2019 09:51 AM
on 08-07-2019 10:12 AM
I agree with you. I don't get the argument about 'growth'. If we have inflation we call it growth, yet our money never goes as far as it did before and we're all worse off.
Here's a little story a well-known financial advisor once sent out in a newsletter:
A man walked into a motel and asked how much for a room for the night. He was told $50 and that he'd have to pay in advance. He handed over $50 but said he'd like to have a look at the room before he fully committed. While he went to look at the room the manager took the $50 and ran next door to pay his overdue bill at the butcher. The butcher took the $50 and ran to pay the prostitute that he owed money to. The prostitute took the $50 to the motel and paid the manager for the room she'd been using but hadn't paid for. Seconds later the man came back from checking out the room and said he'd decided not to stay, took the $50 out of the manager's hand and left.
That's how money goes around!
As for the statistics on how many million people have money to spend, of all the people I know, the ones who spend the most on non-essential items are on some sort of pension or government benefits (and I don't mean public servants). This applies to a lot of my fb buyers as well.
on 08-07-2019 05:04 PM
chameleon, you make some very interesting points.
Everything is global today. For Australia to sustain itself financially, something must be emanating from it. Even if our aim is maintenance of the economy, that's going to require growth; stagnation will actually result in an inability to maintain the present standard of living. (In my opinion.)
We have industries, jobs, etc., in Australia which are designed to circulate the wealth within Australia. Taking your example of coffee shops, people in that industry are not bringing in additional wealth to Australia, although they are certainly earning their wages! (I say this not just because I am a coffee lover, but because I take my metaphorical hat off to anyone whose job involves a lot of standing, and interacting with the public is a talent in itself. There are coffee shops that I'll never revisit because the attitude of the staff member taking the order or bringing the coffee was off-putting; conversely, most coffee shops have staff who are friendly and professional and who recognise their repeat customers.)
But... if all we have in Australia are people whose work involves selling a service or product to other Australians, without the service being something unique or globally desirable (i.e., bringing in money from international clients) or the products being Australian (source material Australian; manufacturing Australian, so that as much as possible - hopefully all! - of the money made from selling the product (both locally and internationally) goes to increase the incomings for Australia ) ... then there would be stagnation.
I truly rue the loss of Australian manufacture. Of course companies who began to outsource manufacture to other countries were able to increase their profits and have an advantage over companies who were doing it locally. Of course these companies were not just outsourcing the process (manufacturing) but also the components (product), and what was shipped back to the companies was the final product which the company sold... All well and good for the companies concerned at the time; long-term, however, it wouldn't have needed a Nebuchadnezzar to read the writing on the wall.
Does anyone quarrel with the statement that there have been instances of outsourced production leading to poorer quality products? (I have some examples to fling your way if you do.)
Loss of local manufacturing means loss of skills in the domestic market, loss of jobs, and lack of investment in technological advances that could increase production and global positioning with such production. Rare earth minerals is one case in point. The lackadaisical ambling along in solar energy is another. (We could be world leaders in this; why aren't we?) And - one of my largest bugbears - how we deal with waste. Waste is a global problem, as is the ridiculous reliance upon biochemicals in producing plastics, synthetic fabrics, etc. Why hasn't Australia long since developed technologies for economical renewables? We could have turned a problem into a solution, but at the moment we are floundering. If we could forge ahead with this, putting serious money into developing and testing and then producing, we could be the global go-to people for much of this.
I don't know how well this translates to Australian eBay sellers, who - after all - would certainly not be in a position to transition these sorts of developments and changes. I do think that perhaps there is something to take from it. Sellers on eBay who are importing products from China, Malaysia, etc., and then re-selling them on eBay, are not well-placed (generally speaking) to compete with the very same sellers who are their suppliers. The suppliers can undercut not only on the product price, but also the postage price (because of China's subsidy for postage). However, sellers who provide uniquely Australian items, or craft items with their own unique set of skills, or sell authorised Australian items where we know that the products are under warranty and are required to be suitable for use in Australia, would appear to be bringing in gross income for Australia.
Oh! Getting back to coffee... I would love to see coffee crops in Australia increase their quality and presence. Can S795 be planted in Australia? What a taste, especially at altitude!
on 09-07-2019 04:41 PM
Scuse - but - oh brother.
09-07-2019 06:36 PM - edited 09-07-2019 06:41 PM
@curraone wrote:
@chameleon54 wrote:, 1.5 million are public servents who are providing essential services, but are not actually creating any wealth for the country. They are sucking A LOT of money out of the system, ( through taxes to pay their above average wages ) so that leaves 7.5 million who could potentially actually be earning income for the country.
I don't follow this argument at all. As a former public servant I can assure you that public servants still need to buy food, furniture, electricity, cars, petrol etc. What difference who their employer is? It all makes the economy go round.
I,m also an ex public servent, 3 different roles in ten years, so understand the role of the public service from a personal perspective.
You basically answered your question in the last line. " It all makes the economy go round " The point is to actually INCREASE the money in circulation and allow wages to increase in Australia there has to be MORE money in the system. Making the existing money just go round as service industries do, means no extra money to allow for increased wages. On top of that, if population is slowly growing and there is slow inflation ( as we have in Australia now ) that fixed sum of money just going round is spread across more people and actually has less buying power, slowly eroding individuals purchasing power. ( We can already see that happening now in Australia )
There are really only two ways to increase the amount of money circulating in the Australian economy and allowing for increased wages.
1) Governments can just print more money. ( including issueing government bonds etc ) They already do this to an extent to allow for the natural increase in our population. While the two are matched, its not a problem. Once the government just starts to print money at will, it becomes inflationary. Each dollar printed has a diluted value. While economies are sick, Governments including the American government have used this technique ( Quantative easing ) to artificially pump prime the economy and stop deflation. The only problem is it builds inflation into the economic system that cant easily be removed. Eventually it is going to rear its head ( usually once things start to improve ) and will eventually result in rapid inflation and very high interest rates, Somewhere down the track. ( Same as Keatings recession we had to have )
2) The only real way to increase a countries wealth and have real increases in wages and living standards is to increase the value of exports, pumping new, real money into the Australian economy. The public service dont produce any exports ( thats not their job ) but they do take vast sums of money directly from the industries that do through taxation. The more export industries pay in tax, the less money they have to invest in actually producing export commodities. Thats why a large public service is a drain on increasing a countries wealth and it stifles real wage increases for everyone.
on 09-07-2019 06:52 PM
My figures show sales are down a lot.
When ebay took away the weekend free listings, everything seemed to nosedive.
When they gave the other 3 day free listings, it took a while to see any change at all.
Starting to slowly impove with a few more bids showing.
I just don't know if it's lights on or off at the moment or just a sign of the times.
on 09-07-2019 07:03 PM
OOPS - Theres a third way to incease money in the system and allow for increased wages ( in the near term ) and that is to borrow money from overseas. Governments are doing it, business is doing it and home owners are doing it. Maintaining our living standards by putting stuff on tick. Its all great fun while interest rates are low..........but ..........Well we all know how this story will end !!!