Saturday, January 03, 2009

Ebay's 4 Percent Drop in Site Visits - What Does it Indicate?

2 1/2 X 3 1/2" painting of Hamburger and Fries
Perhaps we can call it "Where's the Beef?"

I'm very surprised that only a 4 percent drop in site visits has been reported for Ebay! This does not, however, tell the story of their sell-thru rate during the same period and I've seen nothing on that. For the past year sellers have been complaining that they cannot sell in the present environment on Ebay. Many of them packed up and left because they were hidden by the faulty best match search and they were up to their necks in outrageous policies and fees. So, it continues as Ebay management plods along on the maniacle path to remaking Ebay over into a cheap and cheesy Amazon clone! Ebay feels that's where the money is and where their future lies. Ebay management does not see the years and years of hard and honest labor Amazon put into its business...they sees only Amazon's profit and they want it! How dreadful for a once loved company like Ebay to come to this point. How tragic to put thousands of small business owners - the elderly, the disabled, the stay at home moms the out of work dads who all depended on Ebay - out of business! A year ago Ebay only needed tweaking to bring some of the original excitement back - now it is faced with doom and still their CEO and his "team" plod on towards the edge of that cliff!

The very heart of Ebay has been destroyed. The small sellers of the vintage, unique and rare items that drove buyers to the site are leaving in droves. It has now reached a point where buyers complain they cannot find their favorite sellers...yet Ebay management plods on...far better to make Ebay into yet another black and white catalog store like so many others online who do the job far far better! If the present management team isn't changed soon there will be no turning back for Ebay there will be a very small future for the company as opposed to their very big and hearty past! I believe we're watching the destruction of a once healthy and wealthy company!

My painting for today is an ACEO of Hamburger & Fries. Perhaps we should call it "Where's the Beef?"

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