Archive for the ‘Ebay’ Category

eBay’s WorldofGood.com team using Ustream to open up employee event to community and fans

Wednesday, May 11th, 2011

World of Good.com Logo

I am very excited to let folks know that our World of Good team, in partnership with Green America and Partners for Just Trade, is opening up an eBay employee event to the entire eBay community, giving you the chance to join in on the conversation as two WorldofGood.com artisans visit eBay this Thursday. You’ll be able to hear how two remarkable women escaped violence and poverty and found expanded horizons and economic opportunities, thanks to eBay’s WorldofGood.com.

You’ll be able to watch Sonia Anahue Uscamayta from the Munay Rumi jewelry cooperative in Lima and Yody Gladys Moran Trillo from the El Mercurio knitting cooperative in Huancavelica and ask questions live if you tune in here: http://www.ustream.tv/worldofgood from 12 to 1:30 p.m PT tomorrow; Thursday, May 12. I’ve also embedded the player below that will stream live tomorrow.

Free Videos by Ustream.TV

Cheers!
RBH

Source: eBay Ink

eBay News: Fashion Designer’s “Crowdsourced” Line Now for Sale on eBay

Tuesday, May 10th, 2011

After soliciting input from more than 120,000 eBay fashion shoppers, the most desired five of the original sixteen designs are now in limited-run production and available exclusively to eBay shoppers …

Read Full Post

Source: About.com eBay

ChannelAdvisor Same Store Sales (SSS) for April 2011

Tuesday, May 10th, 2011

Note: This is a monthly feature published by ChannelAdvisor highlighting the Same Store Sales (SSS) across our wide range of over 3000 retailers and ~$3b in GMV.  Details on the SSS including methodology and schedule can be found in this post.

Today we are releasing April data for Marketplaces (eBay/Amazon), Search and Comparison Shopping Engines (CSE) along with supplemental data.

April 2011 results

April was an interesting month with acceleration in marketplaces and a slow down in other channels.  Here are the highlights:

  • Amazon - Amazon came in at  83.8% y/y growth for April a material acceleration.
  • eBay -  eBay continued to show strength coming in at 10.9%, their fastest growth on record since we’ve been reporting SSS data. More thoughts on eBay later in the report.
  • CSE - Comparison Shopping Engines really showed the full impact of the Panda release in April and were down a whopping 12.34%.  Some individual engines are showing signs of stabilization, but many are still suffering from the release as they see their SEO traffic decline substantially y/y.
  • Search - Search also slowed in April, coming in at 12.2%.  The interior numbers are provided below.
  • Overall - Overall we see that e-commerce in March came in at 9.3%, a slight increase from the 7.64% in March. Increased fuel prices, rising inflation, UK austerity, etc. are macro pressures continue to weigh on e-commerce.

SSS Chart

The following chart details the SSS data for 2010 through April 2011: (click to enlarge)

 

Sss_april_2011

Search Details

Search is soft primarily due to softness in conversion rates. CPC costs are on the rise which is also putting pressure on the channel from a retailer’s perspective. With order sup 3% and costs up 27%, the efficacy of the channel is under pressure as we head into Summer.

Sss_search_internals

eBay Observations

eBay’s > 10% SSS showing is definitely an interesting data point that I thought warranted a bit of a deeper analysis.  Looking at the internal numbers,  there are a couple of trends that stick out:

  • Format stabilization – For a long time, eBay was the combination of auctions with -30% levels of headwinds and fixed price at 20-30% tailwinds, netting out no growth or negative growth.  Looking at April, Auctions are only down 5% and fixed price is up > 15%, plus auctions have become small enough mix-wise (our mix is of auctions is lower than eBays) that their declines are being washed out by fixed-price gains
  • P+A is on fire – eBay Motors parts and accessories business is doing very well and we have a lot of business there.  This segment is up > 15% y/y for us SSS-wise.  I believe that eBay’s improvements to the buying experience with the parts-finder married with seller’s providing ‘fitment data’ are doing very well in this category.
  • Large merchants – We are starting to annualize the launch of some pretty large merchants that are doing very well on the platform and growing substantially y/y as they hone their eBay selling strategies.

SeekingAlpha disclosure: I am long Google and Amazon.  eBay is an investor in ChannelAdvisor where I am CEO.

 

 

Source: eBay Strategies

Up-Selling Your eBay Auctions – Sell To Your Existing Customers

Tuesday, May 10th, 2011

A lot of people have written about this topic but not many people have gotten into the “nitty gritty”. “Up-selling” means encouraging your customers to buy more from you at the time of the original sale in order to save on shipping or buy compatible items. Eg. A customer who buys a skirt may wish to purchase a top that matches. Or they may purchase some earrings and would consider a matching necklace and/or bracelet. eBay’s cross-promotional tools help this. What about getting smart with your existing customer base the next time around? After all, you might not have any compatible products the first time but you can get smart the next time and make sure you are marketing items of direct interest to your old customers. How then do you know what your customers want and encourage them back to your new listings?

eBay itself offers a neat little search tool of which most people are unaware. And if you combine this with an opt-in mailing list you develop through feedback from past customers you have a sure way of increasing profits. I’ll illustrate this using the example of selling music CD’s but you could use it for practically anything you sell.

There are essentially three main steps:

  1. Develop your opt-in mailing list
  2. Build a web page of search links (with totals) to your matching auctions
  3. Email your mailing list when you list new items

I’ll go through each of these briefly.

Step One – Develop your opt-in mailing list

We all know that spam is not tolerated so your list has to be 100% opt-in and allow anyone to remove themselves at any time. We also know that auction buyers will buy from the same seller regularly if they are offered good products, attractive prices and excellent customer service. You are building rapport with your customers and most importantly, trust. I’m going to assume that as a serious seller, this is exactly how you operate.

When you contact your music CD winning bidders, there is no harm saying to them somewhere near the foot of their winning bidder email:

“I have started a free service for all my existing customers. All I ask is that they tell me their music interests (Eg. singer, type of music, that type of thing) and I will email them with matches whenever I have a new listing day. My customers are enjoying this service because they can see quickly at a glance just what I have listed that is of interest.”

My husband does this and gets an excellent response rate.  Auction Autopilot recommends that you use AWeber to manage your email list.

Step Two – Build a web page of search links to your matching auctions

The trick to this is to build a web page which only has matching links to your auctions. And this is where eBay’s magic search tool comes into use. (These steps are specifically written for the US eBay database but there should be similar functionality in other eBay databases.) Follow these steps closely:

  1. Go to eBay and click on the “Search” button (The rest of the instructions assume your default view of eBay’s new search facility has the “Find Items” option selected in the choices to the left of your screen.)
  2. Scroll down and make sure you have the full set of search options displayed.  If you don’t, you will have a link at the foot of those options stating “More Search Options”.  Click on that link.
  3. In the “Enter keyword or item number” box insert the customer’s “wants”. For example, they might say they are interested in “Billy Joel” or you might be organising by type of music so you insert “Jazz”. Obviously, the sky is the limit here. Once you understand the theory, you’ll start to see how you can use it well in your environment. (I usually make sure the Search title and descriptions box is ticked… you decide).
  4. Further down, in the “From specific sellers” box, make sure “Include” is selected and insert your seller-id in the blank box to the right.
  5. Click the “Search” button (bottom of the page) and copy the web address of the resulting search page. This page shows all your “current” auctions which have “Billy Joel” in them.
  6. In your web page building program (whatever you use personally to build web pages… I like MS FrontPage) insert an entry for say “Billy Joel” and then behind that, put a hyperlink being the web address copied in the previous point.
  7. Now what is critical is that you have another column next to the “wants” search words with the number of matches. Eg. Your search results will tell you how many matches there are. So using the above example, next to “Billy Joel”, you need to add say the number 3 if you have three auctions for “Billy Joel” CD’s. Once you’ve built your page and you list a pile of new CD’s, you need to work through your web page searches and update the number of matches.

The last point above is the critical part to the process. A page with merely a list of “searches” is not going to enthuse your buyers. In fact, they’ll get annoyed. But if they can see at a glance, that you have three CD’s of “Billy Joel” items, ten CD’s of “U2″, etc. it takes a lot of the hard work out of their searching. The likelihood is they’ll bid on more than one item to combine auction wins. The catch though is that you have to maintain the search web page by updating it after each major listing day. So you need to bring up your web page in the browser, bring up your web page editing software with a copy of that web page in it, and then, after clicking on each link in your browser, update the totals in your editing software. At the end, “beam” up your updated web page to your hosting provider. Check that it is correct.

Step Three – Email your mailing list when you list new items

Once you’ve gone through a major new listing exercise, and updated your searches web page, email your list saying you’ve got this great web page set up (give them the web address) with special links to their interests including total matches. All they have to do is visit the page, scroll down to their interest (sorted alphabetically) and click on the link. Up will pop an eBay search page showing just their matching interests from you as the seller. Always give them a way to be removed from your list.

We’ve started using this technique for my husband’s auctions and he is thrilled at the response and has been getting excellent feedback from his customers. Originally he was individually emailing people matches to their interests but this got impossible to manage as his list grew. The only downside is that occasionally, you’ll find you won’t have any matches to some search interests. Yes it takes a bit of time to set up the initial search page but once that is done, updating the totals is easy. Every now and then, you’ll add a new search from a new “wish list” of one of your customers. I guess some smart bunny will decide to write a bit of software to handle all of this. Let me know if you do as I want a slice of the profits! :-)

Super Tip 1: If you want to be extra clever and earn yourself a bit of extra money, why not join the eBay’s affiliate program and create affiliate links for each of the special search results pages you created in Step Two. For everyone who bids or buys, you’ll get whatever eBay’s current payout is (right now ten cents).

Super Tip 2: Assuming you do Super Tip 1, if you write a bit of content about CD’s around your special search page and get it linked from a few well ranked websites, then you may actually snare some non eBayers (with an interest in music) who join eBay by following one of your links above (and/or you could include a bit of text for “newbies” on your page with a special “join eBay” link). Currently eBay pay $10.00 for each new and active eBay user you generate.

For more great eBay tips like these, be sure to get a copy of eBay PowerSeller Tips and Tricks. It is guaranteed to increase your sales and profits!

 

 

 

Source: Michelle Jansen, copyright © 2004

Skype Sale – Good Deal for eBay?

Tuesday, May 10th, 2011

eBay overpaid for Skype in 2005. It then sold 70% of Skype to an investor group in 2009 for $1.9 billion. That deal valued Skype at $2.75 billion – and now Microsoft is buying Skype for $8.5 …

Source: AuctionBytes Blog by Ina Steiner

eBay Mysteriously Doubles and Triples Auction Bid Increments

Monday, May 9th, 2011

Bidders began noticing something strange on eBay auctions at the very end of April – some listings were ending with higher bids than they seemingly should have. eBay auction bidding works in …

Source: AuctionBytes Blog by Ina Steiner

eBay Removes Selling Activity from My eBay Summary Page

Monday, May 9th, 2011

Initial reaction from sellers to changes eBay made to the My eBay account pages today has not been positive. Sellers posting on the eBay boards about the changes do not seem pleased with eBay s …

Source: AuctionBytes Blog by Ina Steiner

Does eBay’s Best Match Search Algorithm Favor Certain Sellers?

Monday, May 9th, 2011

You don t have to be a disgruntled eBay seller to know there are flaws in the search function – eBay s own executives acknowledge it and say they are working hard to improve the buyer experience. On …

Source: AuctionBytes Blog by Ina Steiner

Collecting Sales Tax Is Not Easy for Marketplace Sellers

Monday, May 9th, 2011

There s a lot of talk these days about sales tax collection, and while merchants are not (yet) required to collect sales tax for every transaction, many are required to collect sales tax for …

Source: AuctionBytes Blog by Ina Steiner

Amazon’s Focus on Customer Is the Key to High Growth Rates

Monday, May 9th, 2011

In listening to eBay and Amazon.com executives last week during first-quarter earnings calls and eBay s annual shareholders meeting, I was struck by a difference in how the two management teams …

Source: AuctionBytes Blog by Ina Steiner