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Ebay: An Economy Predictor?

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I believe Ebay is a very strong economy predictor!

How many car MP3 players and personal MP3 players can be sold (all from china or HK!)?

it is amazing the money that must turn through Ebay.

I think the economy has a few years left by this spendin spree before desperation hits in.

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I believe Ebay is a very strong economy predictor!

How many car MP3 players and personal MP3 players can be sold (all from china or HK!)?

it is amazing the money that must turn through Ebay.

I think the economy has a few years left by this spendin spree before desperation hits in.

Or is the booming Ebay a sign of hard up people looking for a bargain ?

I was only talking to a freind about this the other night, as he makes his living on Ebay.

We both agreed that Ebay would be much more resillient in a recession than the High St. shops, I personally look at the product I want want in the shops, then buy it on the internet 20% cheaper, and I can't be the only one doing this.

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Is anyone here selling on Ebay?

I sell on ebay. But I don't have a shop as it isn't regular, so don't want to pay the fees. I did sell a lot of really cheap jewelery up untill May. Then noticed a drop in sales, and lots of others not selling. So I just sell the odd thing now. I also do car boot sales. In fact I do lots of stuff that on its own would not earn me a crust. But together I do nicely.

But you could make money from nothing on ebay before. Now the real bargain hunters are in, and its sounds like a cliche' now but the compettion from China is unreal.

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I sell on ebay. But I don't have a shop as it isn't regular, so don't want to pay the fees. I did sell a lot of really cheap jewelery up untill May. Then noticed a drop in sales, and lots of others not selling. So I just sell the odd thing now. I also do car boot sales. In fact I do lots of stuff that on its own would not earn me a crust. But together I do nicely.

But you could make money from nothing on ebay before. Now the real bargain hunters are in, and its sounds like a cliche' now but the compettion from China is unreal.

The wife and I have a bit of a competition for a laff.

We each spend a fiver on old crap from the local boot sale and put it up on ebay.

Whoever makes the most wins, the loser buys dinner at the pub!

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No joke, I am buying computers for my company on ebay, previosuly I bought from Dell, now I can save 30-40% for the same thing, with 3 years warranty.

I am surprised that EBAY has not given the estate agents a run for their money.

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I sell on ebay. Usually just lowish value stuff that too good to be given away - computer parts that aren't too old, specialist books, music stuff, etc.

Sold a batch recently, and and two good items were a little disappointing in terms of price, but not too bad.

I think ebay has far too much elctronic-tat littering the listings now - like naff mp3s, all in one 'camcorders'.

In the recession some good secondhand gear should re-emerge.

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Is anyone here selling on Ebay?

My brother has a small business selling on ebay, and things are definately slowing down - volumes and prices are off from this time last year. Honestly don't know how the shops selling the same stuff stay in business - my brother undercuts them by around 50% and still cannot keep the volume up to a level where he could do it full time, and he has virtually no overheads and buys directly from the importers.

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The wife and I have a bit of a competition for a laff.

We each spend a fiver on old crap from the local boot sale and put it up on ebay.

Whoever makes the most wins, the loser buys dinner at the pub!

that is a very odd thing to say.

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I sell on ebay. But I don't have a shop as it isn't regular, so don't want to pay the fees. I did sell a lot of really cheap jewelery up untill May. Then noticed a drop in sales, and lots of others not selling. So I just sell the odd thing now. I also do car boot sales. In fact I do lots of stuff that on its own would not earn me a crust. But together I do nicely.

But you could make money from nothing on ebay before. Now the real bargain hunters are in, and its sounds like a cliche' now but the compettion from China is unreal.

Is that Chinese people selling jewelry on ebay to UK people?

Or UK people importing Chinese jewelry to sell on ebay?

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Could take it a stage further.

Are the UK importing Chinese to make the jewellery here and then sell it on Ebay.

I sell all my sheete on Ebay and then buy someone elses. Amazing how Ebay traps you in. i love paying Ebay fees and paypal fees too. Not. But Paypal has to be the way forward just so Ebay costs get its fees twice.

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I buy/sell the odd DVD on Ebay/Amazon. Niche stuff does very well - but if it's mainstream forget it.

The bottom is dropping out of the second hand DVD market - particularly if they are popular titles from a couple of years back. You can sometimes pick these up for pence. I got a Nicole Kidman one for the missus (no accounting for taste I know) that came out at the cinema in 2003 for 1p + 2 quid postage. It was a genuine region 2.

For that kind of return - you have to wonder if it's worth the seller's time - once Ebay, Paypal and Royal Mail have had their slice. Still it saves me having to walk to the rental store/library.

There are huge numbers of pirate discs from China (usually distinguishable by the fact they have no bids at 99p - even though they are complete sets of 24 and the like). The postage charged on these is eye watering (£50 or more). And is also a great way to work the system - Ebay fees are not charged on postage - only on final bid amount. The seller also generously offers refunds if there is a problem (but postage is not included).

Many career sellers are moving to Amazon as they can guarantee their returns even though the costs are higher. I think returns will fall on Amazon too (they already have for many popular books which can be picked up for pennies + postage) as the reverse auction effect takes place too.

Basically on Ebay (and soon Amazon marketplace) there are too many sellers and not enough buyers so prices are dropping. And it's only going to get worse in the coming years as more people will want to raise a bit of extra cash but few wil want to buy their tat.

Edited by greencat

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"Shops are never going to win agains the internet for single sales, but if you are buying a lot, internet + P&P is never going to beat the highstreet."

Most retailers on the net offer FREE delivery if you spend over a certain amount so what you say doesn't ring true. Amazon is a prime example.

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I buy silver bullion coins on eBay. I tell you what I am flooded with "bargains". Sometimes people get a bit crazy but I am buying coins with high numinastic value for half the shop price and sometimes only a couple of dollars over bullion price. I have to allow a margin for minting but as far as I see it that is just a cost that gaurantees that it is fair dinkum.

I considered selling on eBay but to be honest I can't see how people are making money. Any tips would be greatly appreciated.

As for eBay being an indicator of the economy - I think that is a good call. Soon people will be selling their tat at bargain prices :)

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No joke, I am buying computers for my company on ebay, previosuly I bought from Dell, now I can save 30-40% for the same thing, with 3 years warranty.

I am surprised that EBAY has not given the estate agents a run for their money.

Crazy88s, do you buy Dell computers on eBay? Or are the computers other well known brands? Or unknown brands?

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i used to sell a few things on ebay 2002/3. it was like shooting fish in a barrel back then.

since end of 2003 - 2005 its got a lot tougher. cant make margins, so dont do that anymore.

i still use ebay to buy things sometimes though. mainly ivory tusks.

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Another thing to remember is ebay own PayPal.

And 98% of all transactions are done via paypal.

They take a chunk from each sale, then people with the profit normally end up using paypal to buy something else and another chunk is taken away.

Its scarey to imagine how much they actully make :)

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I sell 20 to 40 collectables & antiques a week on ebay, it s developed into a part time job. I find it quite tough, but preferable to the nightmare of a lease on a shop / dealing with face to face public etc..

Must agree with other posters on not being able to see how people make any money selling newish stuff, its very cut throat, but I heard the tax man is targetting users with 50+ feedback now & the paper trail is like shooting fish in a barrel.

To me it seems difficult to judge if its an economic indicator or not. In an economic downturn, my opinion is that ebay will get flooded with stuff, but then, this happens anyway as many categories like kids clothes already are flooded.

I'm undecided on the effect on buyers, as people being hard up may drive them to use ebay more in search of a bargain, so usage goes up, but also stop them buying a lot of the luxury items, like gifts, decorations, dvds etc reducing sales. The High st. will definately suffer more.

Charity shops & boot sales seem to suffer as more people use ebay to sell their items instead & there is a massive problem with piracy, that ebay cannot cope with quantity wise, particularly from the far east.

Its a great shame it remains a monopoly, ebid & qxl are rubbish as there no comparison in amount of buyers. Paypal has its problems, but makes selling abroad easy, cheap & quick compared to bank transfer etc & you do get paid upfront .

:)

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Court case in sight for eBay

Sean Poulter, Daily Mail

29 September 2005

THE Internet auction site eBay is being prosecuted after being accused of allowing the sale of cheap disposable contact lenses.

http://www.thisismoney.co.uk/money-savers/...19&in_page_id=5

Trade Associations (cartels), Retailers & industry trying to slow the slide to online trade is surely a sign of an increasingly desperate high street . :lol: In one way, its good ebay are too big to take on now, the big boys would destroy many smaller players.

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Crazy88s, do you buy Dell computers on eBay? Or are the computers other well known brands? Or unknown brands?

Always Dell.

Worldwide service, good warranty.

I think ebay should not be underestimated. I think many companies like mine will move away from tradional suppliers for stationary, tools, computers, test equipment you name it.

Napolean said Britain was a nation of shopkeepers, I think pretty much the whole world will be a nation of e-sellers.

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Shops are never going to win agains the internet for single sales, but if you are buying a lot, internet + P&P is never going to beat the highstreet.

If this were true, assuming "a lot" means expensive and large, folks would bring washing machines home in their own cars. Instead goods such as these are delivered. It is the customers trip to the highstret to chose the product that is wasteful and redundant.

Contrary to what you say, it is smaller, cheaper things that the highstreet currently has the advantage in. For instance folks will more likely postpone purchases that double when P&P are added.

However, I suspect software that helps structure deliveries and ordering may well reduce costs of carriage as delivery vehicles are able to adopt more efficient routes. One can easily imagine such deliveries being tens of times more fuel efficient than "man in car picks up box of cornflakes from supermarket" etc.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
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      • Even
      • up 2.5%
      • up 5%



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