eBay has become famous in recent years for blatantly showing the world that their business model is in flux by instituting changes of all sorts, fee hikes, fee reductions, policy changes and management changes that have affected thousands of lives around the country and perhaps even around the world both positively and negatively.
Would this flux have been so obvious, so painful and the subject of so much commentary if eBay was not the world’s largest marketplace? I think not. Most if not all companies go through these growing pains without the level of publicity, scrutiny and speculation that eBay has.
In any event, the fact that the sleeping giant woke up and began stretching has not only made the ground shake but has created the occasional tidal wave as well. Out of the ashes things rebuild. Not always as we like, but if we are to survive, we ride the waves.
It has been said many times that people close their eBay stores and stop selling there because of the fees, the lack of visibility, and slow sales.
I’m not an eBay cheerleader however I see beneath the surface that eBay is still and always will be a most valuable selling tool.
Fees ~
Your fees are the price you pay for doing business in eBay’s playground. eBay isn’t going anywhere. They are and will be the world’s largest marketplace.
No website, no matter how well designed, search engine optimized, or marketed will be able to generate the traffic flow that eBay has proven it can. Your fees are the price of doing business there. Try getting Adsense or any other paid advertising for what you pay in eBay fees and being able to generate sales from that. Try establishing the same traffic volume. Albeit traffic everywhere is slow at this time because of the economy which we can only blame on corporate greed ~ those who approved mortgages to people who were not really qualified for them in the first place, just so they could turn a fast buck.
How much you spend on eBay fees is dependant on how well you work the system.
Lack of Visibility ~
Again, visibility on eBay is what it is. They want you to run auctions, and items at fixed price, because it works well for their business model. They have place eBay stores at the bottom of the food chain.
Are they going to do away with eBay stores? Not likely. As much as eBay doesn’t want to publicly admit it, stores are an integral part of their business plan because in order for your store to take off, you need to run auctions and listings at fixed price. No eBay stores, that would be less auctions and less fixed price listings that would run. So, stores aren’t going anywhere.
As with pretty much any business venue, it’s up to you to “make it happen” and you need to do that in a way that is good for your business model. And, this includes your eBay store.
Here’s a few things you can do to promote your eBay store that are proven and that work ~
1) Find a designer who not only designs an original, niche targeted and attractive storefront or full blown eBay store complete with all the bells and whistles, but who also includes expert search engine optimization. This is critical to your success.
2) Start a blog that promotes your eBay store, your listings, is search engine optimized and is properly widgeted to maximize your marketing efforts.
3) Learn the in’s and out’s of using widgets, social bookmarking, and social networking to promote your blog, eBay store and your website to it’s maximum potential. These tools are free but you need to know how to use them effectively to gain maximum exposure.
4) Add your own e-commerce website to the mix. Be sure to settle on a website designer who will include expert design, customization that carries your branding across the board, who also offers niche market search engine optimization, and an RSS feed for your products.
The website is the ultimate sister site to your eBay store. You can sell the same items in both, or different items in each, dependent on your business model and what you want to achieve. If you choose to sell different items in each you can cross promote both stores in various ways.
If you choose to sell some of the same items in each you can give your website customers who might prefer eBay shopping (simply because that is what they are used to) the option of also getting that item in your eBay store.
Why on earth would you want to do this?
Embed the referral code in your item’s link to it’s listing in your eBay store and take advantage of the 75% referral credit on your final value fees. Does that save you money as well as add up for your benefit!!
Slow Sales ~
This is something that is not controlled ~ eBay cannot force anyone to buy your items anymore than Google, MSN, or Yahoo can force anyone to buy items from your website.
However, you may want to recheck the following for any improvement that may be needed ~
1) Presentation ~ is your description clear, detailed, keyword rich, understandable, reading well? Are your pictures clear, closeup, good quality and the best they can be?
2) Is your asking price reasonable? Too high or too low is a big consumer turn-off. Do some research on your competitors who sell “like” items and price your products realistically.
3) Is your search engine visibililty where you want it to be for your chosen keywords? Don’t mistake search engine visibility for page rank, they are two totally different animals. If your keywords are not pulling up high enough for you to do any good, you may need a website, blog or eBay store SEO tuneup.
Well I hope this sheds some light on why it’s a good idea to keep your eBay store open. Your eBay store is a valuable sales and marketing venue ~ make the most of it instead of closing it down in frustration. Learn to turn adverse conditions to positive conditions.