October usually marks the time of year when eBay (EBAY) sellers gear up and prepare for a busy holiday season. New inventory is almost always purchased, shipping supplies are procured, and new listings are prepared so that sellers can list items at a moment’s notice during the busy holiday season.
But not this year.
Christmas has apparently been canceled. Sellers are leaving at a frantic pace to set up sites elsewhere because they no longer trust eBay to have a functional site. eBay’s search engine (Best Match) has crashed twice this month alone and there seems to be no resolution in sight.
dfromnm writes:
My search button doesn’t work half the time...HELP!
serverfactory writes:
Yes, I think it [sales] may worse than 50% for me. It has something to do with the "best match" which is really screwing things up! I can’t make any sense of it.
Donahoe recently blamed eBay’s poor 3rd quarter performance on the economy (see conference call transcript), but this simply isn’t true. eBay’s performance is directly tied to Donahoe’s disruptive innovations because they don’t make sense and never work.
For example, ladyjane writes:
What balls eBay has to tell you to end your auction and relist because they can't get their act together (free shipping icon appearing). They told me the same thing yesterday when the search wasn't working. I guess that's the new canned response, what a way to run a business.
The stock closed Friday at 15.35, which is less than half its value year to date and it looks like a toboggan run because buyers, sellers, and shareholders have lost confidence in what was once the world’s biggest, most user friendly auction site.
Perhaps Santa will swing by San Jose and leave eBay a new CEO for Christmas - one who understands that eBay’s success or failure lies in its small sellers of hard to find, wacky wonderful items eBay is famous for, like a special spoon to complete grandma’s set.
I hope Santa will also leave sellers a special Christmas gift, including keyword searches, the old SYI form that worked, and a functional shipping calculator so sellers can get back to the business of selling on eBay.
But it is doubtful that sellers ever will return because it’s all about trust. Sellers simply don’t trust Donahoe, especially after he lowered listing fees, more than doubled final value fees, and added a ton of advertising to complete with sellers.
Disclosure: Author is a long time eBay seller