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Bob C,
Oct 19 11:52 am
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All Comments by downwithebay »eBay: Getting Something for Nothing [View article]
The OPs comment gave me a chuckle. Obviously he has heard that a few 100,000 sellers have bolted and the 77 zep t-shirts can be found on quite a few other sales venues now.
Since Q1 ebay monthly traffic is down 10 million visitors while virtually quite a few of the smaller, lesser known sites are experience tremendous traffic and revenue growth.
As ebay caters exclusively to large ebay vendors now, shareholders can expect a continuing deterioration of traffic and sales on ebay since MOST large vendors have their own websites use ebay's sales platform merely to drive first time shoppers to their websites offering discounts and other incentives for ebayer's to make future purchases from the sellers website rather than their eebay store.
Donahue and company has no clue just how many mainstream ebay traffic has been getting eroded over the last few years as more and more large online businesses use ebay's platform to drive as many customers to their website once the initial ebay sale has been completed. Ebay think Amazon is their biggest competitor when in reality ebay's biggest competitor is the same online merchants, manufacturers, wholesalers and other large volume sellers that have collectively managed to drive a growing percentage of buyers off ebay and to their websites.
Currently payments on sales from ebay acccount for the largest percentage of paypal's revenues, and as ebay marketplace continues to get less and less monthly traffic and GMV continues falling, PayPals revenues will fall as well.
Shareholders better hope and pray for continue growth from skype, stubhub, shopping.com and their classified ad site, because ebay's once core business os falling apart fast no matter what Donahoe wants to publically claim.
Marketplace is a disaster, and between 100,000s of small volume sellers leaving who are also ebay buyers, coupled with the ongoing errosion of big ebay businesses eroding much of ebay's buyer traffic....things will be getting really ugly over the next coming year.