Greed on ebay
January 7, 2008 8:52pm CST
When ebay first came out you could get some really great deals. Now you have to pay high fees to list, you have to be careful who you deal with because of all the scammers, and you rarely get a good deal. People have gone out and bought all the Wii stock, now you can get plenty of Wii consoles for inflated prices on ebay, but cannot find them in stores. You can bid on DVD's, like I did, and end up with a broken one. What happened to ebay? Are there any good deals left? Has greed taken over?
• United States
8 Jan 08
Truth of the matter is because Ebay attracts some many buyers the scammers came to Ebay to prey on those that aren't "ebay-savvy". Also buyers know if they can't find it in stores, try Ebay... you should be able to find it there. So like it was mentioned before, it's certainly not Ebay's fault. As far as the Wii goes, I think you are blaming the wrong people for the problem. If buyers didn't go crazy bidding the Wii units up to over $100 above retail, these guys who sell them on ebay wouldn't be there at 6:00am waiting for the store to open, in hopes of buying 1 or 2 units. The sellers are just fulfilling the demand of the buyers (and yes, they made a lot of money doing so) Honestly, it's a smart business model. Buy 1 or 2 Wii units sell them on Ebay for a $100 or more profit per/unit and do it again...and again. Who wouldn't love to do much work for $400-$600 a week. If you ever notice, almost all of the sellers start their auctions off at below retail, so it's not them gouging the public, it's the public's hunger to acquire something that drives these prices up. As far as the scammers, well it's too easy for them to get booted by Ebay and come back using someone else's info to open another Ebay acct. I also wish they'd do more to combat this.
• United States
8 Jan 08
Yep - supply and demand. And it happens every year at christmas time. Lets see, one year it was the Adpot a Pet, one year it was that really stupid toy of SPongbob square pants crabby patty grill thing - that was the dumbest - a simple nothing grill (easy bake oven was better than that!) and it was going for $80 and over! ANd it only cost $30 in the stores, was more for the fact it was spongebob than a cool toy, and the following summer, i yard saled and so many houses had that toy in their 10¢ box! But supply and demand and what people want. If you can supply the demand, why shouldn't you?
• United States
9 Jan 08
Well I'm waiting until the retail store gets a Wii, and its already almost a month past Christmas. Wii's are still getting bought up by people and selling on ebay for $400-500 with the promise of extra games - but are these people really selling legal stuff? This was not a blame ebay for that particular item, but there are people out there who are going to be stuck with the items and have to sell them at cost. I wonder how many pump up their own prices too? Ebay is to blame for their high fees. Selling a $2.00 item should not cost $1.00.
11 Jan 08
I've mentioned parts of this before and I have to agree with you. For me there are too many shops, fewer real bargains, hardly any pre-loved goods, outrageous post and handling charges, too many rip offs, too many scammers. I can't understand why ebay doesn't do something about the overcharging on post and handling. Ditto the buyers...are they so stoopid they don't care they're being ripped off?
10 Jan 08
i think that as all famous site or system in the net which they grow so much to become a kind of multi-national of the hi tech market so it can happen as so!!such as e-bay become to famous and so attract too much people all over the world..so the scammers and threat linked to e-bay become so much!!now if you think to sell something you have at home the first thought come to e-bay!!unluckly as many system on the net can have high quality until have a selected users that come and are active on the site!!when on the contrary a site become famous and so attract so many people danger will be normal and will be multiple by day!! the bad points on e-bay in my opinion were fees..there are too much and in some cases very expensive..in some cases is true that you can buy a product less than in the normal market on e-bay but many people forget to calculate the fees and sometimes there are not so low as we can think before our buy!!so this is for me bad,because e-bay seems that is so famous and consequantly so rich should reduce the fees!!such as if a website is normal or slow is normal tat try to have some fees even to support their site and may be to gain some more money to develop it but if this we compare to e-bay or monster on the net this come ridiculous!! so in my opinion e-bay is a good market on the net and give illimitated possibility to everyone that try to seel,buy products but you should be careful because there are many threats there that can be final to ruin your e-bay experience!!buy to trusted sellers and always trying to calculate the right price should be necessary to defeat this kind of bad behaviour on this site!!
• United States
8 Jan 08
I think Ebay has changed alot - not that it is ebays fault, people just take advantage whenever they can. The wii - that they don't have int he stores now, that is because people bought them with the intent to sell for inflated priceo n ebay. That's the way it goes these days. I sold on ebay for a few years, kids clothes and books and toys mainly - things I'd pick up at yard sales that were still in excellent condition. But, As usual for me, I got in on the tail end of the "good days with ebay". Then all this price gouging hit, the item itself was only a buck, but shipping/postage was $10 for an item you know doesn't cost that much to mail. But they did it cause they didn't have to pay Ebays' final value fee on the postage, only the final bid of the item. Ebay tried to stop this, but of course, can't mandate a cost of shipping. I did okay, more work than profit but it was okay at the time. But then I saw things that were not even as nice/good as my product, but priced much high priced and those things sold like crazy, while mine didn't! Couldn't figure it out! But then Ebay raised fees a few times, trying to weed out the greedsters, but it only made that problem about the postage a huge problem. I stopped selling and seldom even buy anymore becasue of all this and you just don't know who to trust online these days. IF I want to buy something now, i go through My Points or Creations rewards and buy it at Overstock or Amazon.com and not only get a good price, but points that I can redeem for cash or gift cards at those two sites.